The Bagan Foundation
The Bagan Foundation is a private foundation based in Concord, New Hampshire. It supports charitable organizations primarily in Concord and surrounding communities; its 2025 grants all went to recipients in New Hampshire.
The Bagan Foundation at a glance
In short: The Bagan Foundation gave $40K across 11 grants in 2025 (avg $4K), mostly in New Hampshire. 0% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $39,800
- +13.7% vs 2024
- Grants made (2025)
- 11
- -8.3% vs 2024
- Average grant
- $3,618
- +24.1% vs 2024
- Median grant
- $4,000
- Total assets
- $524,624
- -0.4% vs 2024
- New grantees (estimate)
- 0% first-time grantees (0 of 11, 2025; small sample)
- Primary geography
- New Hampshire (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Bagan Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 173 School Street, Concord, NH 03301
Phone: (603) 225-2164
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Bagan Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Community Players of Concord NH ($10K). Together the top 10 received $39K.
Grant Size Distribution
70 grants across all recorded years
The most common grant size was under $50K: 70 grants of 70 (100%).
Geographic Focus
Where this funder awards grants
The foundation states that it supports charitable organizations primarily local to Concord, New Hampshire, and surrounding communities. All of its 2025 grant dollars went to organizations in New Hampshire.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
Is The Bagan Foundation open to new grantees?
0%
first-time grantees, 2025
In 2025, 0 of 11 grantees (0%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. How we count
- 100% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+2%). Method
- In 2025 it paid out 148% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $28K (2019) to $50K (2020). In 2025 it made 11 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Players of Concord NH Concord, NH | Support Capital Campaign and Annual Fund | $9,800 |
| Boys & Girls Clubs of Central NH Concord, NH | Support of the Art Department and General Operations | $4,000 |
| Concord Community Concert Association Concord, NH | Support of Mission | $4,000 |
| Concord TV Concord, NH | General Support | $4,000 |
| New Hampshire PBS Durham, NH | General Support | $4,000 |
| New Hampshire Preservation Alliance Concord, NH | General Support | $4,000 |
| The Friendly Kitchen Concord, NH | General Support | $4,000 |
| Goodlife Programs and Activites Concord, NH | Support of Mission | $3,000 |
| Concord Public Library Foundation Concord, NH | Support of the Children's Room Multi-Cultural Collection | $1,000 |
| NH Community Loan Fund Concord, NH | General Support | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $524,624 | $16,750 | $47,439 | $39,800 | 11 | $39,800 | $9,816 | $26,884 |
| 2024 | $526,572 | $58,955 | $41,719 | $35,000 | 12 | $35,000 | $52,236 | $25,375 |
| 2023 | $492,133 | $7,531 | $39,483 | $33,000 | 13 | $33,000 | $50,382 | $23,628 |
| 2022 | $493,897 | $7,149 | $48,765 | $39,100 | 19 | $39,100 | $2,798 | $25,985 |
| 2021 | $605,601 | $116,111 | $47,344 | $39,000 | 15 | $39,075 | $108,547 | $27,552 |
| 2020 | $546,258 | $56,946 | $57,236 | $50,000 | 18 | — | $49,785 | $23,220 |
| 2019 | $554,721 | $58,943 | $36,066 | $27,500 | 19 | — | $52,452 | $26,177 |
Under IRS private-foundation payout rules, The Bagan Foundation reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated activity is to support charitable organizations financially, primarily those local to Concord and surrounding communities. Its 2025 grants show support for arts and cultural organizations, community services, historic preservation, public media, a library collection, and other local organizations.
Among its 2025 grantees, the New Hampshire Preservation Alliance describes its mission as preserving historic landmarks, communities, and landscapes to protect community character and support economic vitality. The Friendly Kitchen says it provides meals for people who are hungry in a warm, caring, nondiscriminatory environment. The Concord Public Library Foundation says it raises and manages charitable funds to advance library services and support the Concord Public Library. The Friends Program describes its mission as building positive connections and solutions for at-risk youth, families, and seniors.
Grantmaking
In 2025, the foundation awarded 11 grants totaling $39,800. Grants ranged from $1,000 to $9,800, with a median of $4,000.
The largest 2025 grant was $9,800 to Community Players of Concord for its capital campaign and annual fund. Other grants included $4,000 each to Boys & Girls Clubs of Central NH, Concord Community Concert Association, Concord TV, New Hampshire PBS, New Hampshire Preservation Alliance, and The Friendly Kitchen. GoodLife Programs and Activities received $3,000. Concord Public Library Foundation, NH Community Loan Fund, and The Friends Program each received $1,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Merwyn Bagan as president, treasurer, and trustee; Karin A Bagan as vice president and trustee; Carol J Bagan as secretary and trustee; and Seth C Bagan as trustee.
The Bagan Foundation is led by Merwyn Bagan, President, Treasurer & Trustee since 2021 (on filings since 2019); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Merwyn Bagan
President, Treasurer & Trustee
President & Treasurer → President, Treasurer & Trustee, 2021
On filings since 2019
1 hr/week
No compensation reported
Carol J. Bagan
Secretary & Trustee
On filings since 2019
2 hrs/week
No compensation reported
Karin A. Bagan
Vice President & Trustee
On filings since 2019
1 hr/week
No compensation reported
Seth C. Bagan
Trustee
On filings since 2019
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 The Bagan Foundation
How much does The Bagan Foundation give each year?
The Bagan Foundation gave $40K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 12 grants.
What is The Bagan Foundation's typical grant size?
The Bagan Foundation's median grant in 2025 was $4,000, and its average grant was $3,618, across 11 grants on its 2025 IRS Form 990-PF.
Where does The Bagan Foundation give grants?
The Bagan Foundation gives mostly in New Hampshire: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Concord, NH (10 grants).
Does The Bagan Foundation give general operating support?
Yes: 73% of The Bagan Foundation's 2025 grants with a stated purpose (8 of 11) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Bagan Foundation's largest grantees?
The Bagan Foundation's largest 2025 grantees include Community Players of Concord NH ($9,800), Boys & Girls Clubs of Central NH ($4,000) and Concord Community Concert Association ($4,000), according to its 2025 IRS Form 990-PF. Together they received 45% of its itemized 2025 grant dollars.
How large is The Bagan Foundation?
The Bagan Foundation reported $525K in total assets on its 2025 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $27K (roughly 5% of its investment assets).
What does The Bagan Foundation fund?
The foundation’s stated activity is to support charitable organizations financially, primarily those local to Concord and surrounding communities. See mission & focus areas ↑
How do I apply for a grant from The Bagan Foundation?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Bagan Foundation's EIN?
The Bagan Foundation's EIN (Employer Identification Number) is 02-6115326. IRS Form 990 filing data is available on this page for 2019–2025.
Does The Bagan Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 31, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 31, 2026)
- IRS filings on file for fiscal years 2019–2025
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