The Hageman Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 40 grants totaling $115K. Net investment income was $136K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+7.3% YoY
Annual Giving
$115K
-3.7% YoY
Grant Count
40
+0.0% YoY
Avg Grant Size
$3K
-3.7% YoY
Under IRS private-foundation payout rules, The Hageman Foundation Inc reported a distributable amount of $135K for 2024 — the minimum it must pay out in qualifying distributions.
About The Hageman Foundation Inc
Based on IRS filings
The Hageman Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 40 grants totaling $115K. Net investment income was $136K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,334,235 | $2,175,531 | $2,088,594 |
| Revenue | $291,768 | $220,977 | $171,571 |
| Expenses | $132,789 | $134,040 | $134,871 |
| Qualifying Distributions | $119,742 | $123,278 | $122,360 |
| Net Investment Income | $136,011 | $90,626 | $61,340 |
| Distributable Amount | $135,331 | $118,474 | $116,458 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
212 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Purdue Research Foundation ($25,000), Legge Lowden Farm Foundation Trust ($15,000), Indianapolis Zoological Society Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BIBLICAL MINISTRIES WORLDWIDE LAWRENCEVILLE, GA | ETHAN & GRACE THOMAS SCHOLARSHIP FUND | $600 |
| BOONE AND CROCKETT CLUB FOUNDATION INC MISSOULA, MT | GENERAL OPERATING FUND CONTRIBUTION | $6,465 |
| CARMEL CLAY PUBLIC LIBRARY FOUNDATION CARMEL, IN | GENERAL OPERATING FUND CONTRIBUTION | $250 |
| COLLEGE PARK CHURCH INC INDIANAPOLIS, IN | GENERAL OPERATING FUND CONTRIBUTION | $750 |
| CORNERSTONE LUTHERAN CHURCH CARMEL, IN | GENERAL OPERATING FUND CONTRIBUTION | $1,000 |
| GLEANERS FOOD BANK OF INDIANA INDIANAPOLIS, IN | GENERAL OPERATING FUND CONTRIBUTION | $500 |
| GLENN CANYON INSTITUTE SALT LAKE CITY, UT | GENERAL OPERATING FUND CONTRIBUTION | $1,000 |
| INDIANAPOLIS ZOOLOGICAL SOCIETY INC INDIANAPOLIS, IN | GENERAL OPERATING FUND CONTRIBUTION | $10,000 |
| INSTITUTE FOR AFFORDABLE TRANSPORTATION INDIANAPOLIS, IN | CONTRIBUTION FOR THE CONTINUED DEVELOPMENT OF BUSINESS IN AFRICA AND THE BUV BUSINESS-AS-MISSION MODEL. | $1,000 |
| IU FOUNDATION BLOOMINGTON, IN | CONTRIBUTION TO THE JEFFREY D. FISHER FUND FOR THE BENECKI CENTER FOR REAL ESTATE STUDIES | $6,250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVE J HAGEMAN | PRESIDENT/TREASURER | 0.5 | — |
| SANDRA L HAGEMAN | VICE PRESIDENT/SECRETARY | 0.5 | — |
| SARA HAGEMAN SCHENCK | DIRECTOR | 0.5 | — |
| SHANE HAGEMAN | DIRECTOR | 0.5 | — |
| STEPHANY JACKSON | DIRECTOR | 0.5 | — |
| JANA HAGEMAN | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Hageman Foundation Inc?
The Hageman Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARMEL, IN. It holds $2.3M in total assets as of 2024.
How large is The Hageman Foundation Inc?
As of 2024, The Hageman Foundation Inc holds $2.3M in total assets with $292K in annual revenue. It awarded 40 grants totaling $115K in 2024.
Where does The Hageman Foundation Inc operate?
The Hageman Foundation Inc has awarded grants in Arkansas, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Maryland, Michigan, Montana, North Carolina, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia.
What size grants does The Hageman Foundation Inc award?
In 2024, The Hageman Foundation Inc awarded 40 grants totaling $115K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Hageman Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hageman Foundation Inc reported a distributable amount of $135K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hageman Foundation Inc's EIN?
The Hageman Foundation Inc's EIN (Employer Identification Number) is 20-5274525. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hageman Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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