Richard & Alice Hatten Irrevocable Trust

INDIANA, PA EIN: 25-6573089

Richard & Alice Hatten Irrevocable Trust is a private foundation, based in INDIANA, PA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $282K in total assets. In 2024, it awarded 4 grants totaling $9K. Net investment income was $9K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$282K

-0.2% YoY

Annual Giving

$9K

+61.4% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$2K

+21.1% YoY

Under IRS private-foundation payout rules, Richard & Alice Hatten Irrevocable Trust reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.

About Richard & Alice Hatten Irrevocable Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $27K (100%)

States

Pennsylvania

Cities

ClarionIndianaPittsburghUniversity Park

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$282,479	$283,185	$284,185
Revenue	$14,803	$9,955	$12,264
Expenses	$15,597	$10,828	$22,420
Qualifying Distributions	$13,656	$10,681	$17,786
Net Investment Income	$8,719	$6,307	$8,420
Distributable Amount	$15,478	$14,171	$15,080

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Penn State University ($2,300), Duquesne University ($2,300), Clarion University ($2,300).

Recipient	Purpose	Amount
PENN STATE UNIVERSITY UNIVERSITY PARK, PA	SCHOLARSHIP	$2,300
DUQUESNE UNIVERSITY PITTSBURGH, PA	SCHOLARSHIP	$2,300
CLARION UNIVERSITY CLARION, PA	SCHOLARSHIP	$2,300
INDIANA UNIVERSITY OF PENNSYLVANIA INDIANA, PA	SCHOLARSHIP	$2,300

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Frequently Asked Questions

How large is Richard & Alice Hatten Irrevocable Trust?

As of 2024, Richard & Alice Hatten Irrevocable Trust holds $282K in total assets with $15K in annual revenue. It awarded 4 grants totaling $9K in 2024.

Where does Richard & Alice Hatten Irrevocable Trust operate?

Richard & Alice Hatten Irrevocable Trust has awarded grants in Pennsylvania.

What size grants does Richard & Alice Hatten Irrevocable Trust award?

In 2024, Richard & Alice Hatten Irrevocable Trust awarded 4 grants totaling $9K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Richard & Alice Hatten Irrevocable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard & Alice Hatten Irrevocable Trust reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Richard & Alice Hatten Irrevocable Trust's EIN?

Richard & Alice Hatten Irrevocable Trust's EIN (Employer Identification Number) is 25-6573089. IRS Form 990 filing data is available on this page for 2021–2024.