Philip H Hagemann Foundation Inc
Philip H Hagemann Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $830K in total assets. In 2024, it awarded 2 grants totaling $40K. Net investment income was $140K.
Philip H Hagemann Foundation Inc at a glance
In short: Philip H Hagemann Foundation Inc gave $40K across 2 grants in 2024 (avg $20K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,000
- +11.1% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $20,000
- -44.4% vs 2023
- Median grant
- $20,000
- Total assets
- $830,346
- +12.1% vs 2023
- Primary geography
- New York (63% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Philip H Hagemann Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Pegasus Opera USA ($25K). Together the top 2 received $40K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Philip H Hagemann Foundation Inc gives
- In 2024 it paid out 130% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $17K (2022) to $40K (2024). In 2024 it made 2 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pegasus Opera USA New York, NY | Charitable Purposes | $25,000 |
| Community Foundation Alliance Evansville, IN | Charitable Purposes | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $830,346 | $155,247 | $50,446 | $40,000 | 2 | $45,037 | $140,273 | $34,633 |
| 2023 | $740,923 | $237,293 | $45,214 | $36,000 | 1 | $40,421 | $224,013 | $34,716 |
| 2022 | $558,993 | $704,397 | $30,898 | $17,300 | 1 | $24,099 | $7,294 | $18,593 |
Under IRS private-foundation payout rules, Philip H Hagemann Foundation Inc reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Philip H Hagemann Foundation Inc is led by Philip H Hagemann, President on every filing since 2022; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Philip H Hagemann
President
On filings since 2022
1 hr/week
No compensation reported
Jon Quint
Secretary
On filings since 2022
1 hr/week
No compensation reported
Murray Rosenthal
Vice President
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Philip H Hagemann Foundation Inc
How much does Philip H Hagemann Foundation Inc give each year?
Philip H Hagemann Foundation Inc gave $40K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $36K across 1 grant.
How large is Philip H Hagemann Foundation Inc?
Philip H Hagemann Foundation Inc reported $830K in total assets on its 2024 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $35K (roughly 5% of its investment assets).
Where does Philip H Hagemann Foundation Inc operate?
Philip H Hagemann Foundation Inc has awarded grants in Indiana, New York.
What is Philip H Hagemann Foundation Inc's EIN?
Philip H Hagemann Foundation Inc's EIN (Employer Identification Number) is 87-0858823. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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