The Hagerty Family Foundation is a private foundation established in Massachusetts in 2004 and located in Cambridge, MA. The foundation operates as a 501(c)(3) organization and makes unrestricted grants to various nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.2M
+8.6% YoY
Annual Giving
$1.2M
-8.3% YoY
Grant Count
28
+86.7% YoY
Avg Grant Size
$44K
-50.9% YoY
Under IRS private-foundation payout rules, The Hagerty Family Foundation reported a distributable amount of $223K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation makes grants across diverse sectors. Recent grant recipients have included:
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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
As of December 2024:
- Total Assets: $6,243,800
- Total Revenues: $1,627,562
- Total Expenses: $1,269,948
- Total Grants, Contributions, etc.: $1,016,670
- Investment Income and Dividends: $32,615
As of December 2023:
- Total Assets: $5,750,747
- Total Revenues: $2,370,000
- Total Expenses: $1,360,000
- Total Giving: $1,350,500
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,243,800 | $5,750,747 | $4,944,889 |
| Revenue | $1,627,562 | $2,373,448 | $178,328 |
| Expenses | $1,269,948 | $1,362,495 | $1,278,750 |
| Qualifying Distributions | $1,246,125 | $1,353,785 | $1,263,000 |
| Net Investment Income | $597,004 | $1,679,188 | $1,161,052 |
| Distributable Amount | $223,264 | $177,675 | $295,666 |
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
110 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Roundabout Theatre Company ($360,000), Berklee College of Music ($200,000), Navy Seal Foundation Inc ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BETHANY LAND INSTITUTE USA LTD SOUTH BEND, IN | GENERAL | $25,000 |
| HOPE FLOATS FOR CANCER RESEARCH CINCINNATI, OH | GENERAL | $25,000 |
| BERKLEE COLLEGE OF MUSIC BOSTON, MA | GENERAL | $200,000 |
| CATHOLIC SCHOOLS FOUNDATION BOSTON, MA | GENERAL | $40,000 |
| BERKLEE COLLEGE OF MUSIC BOSTON, MA | GENERAL | $10,000 |
| BERKLEE COLLEGE OF MUSIC BOSTON, MA | GENERAL | $25,000 |
| LOST TREE VILLAGE CHARITABLE FOUNDATION NORTH PALM BEACH, FL | GENERAL | $1,000 |
| HOPE FUNDS FOR CANCER RESEARCH NEWPORT, RI | GENERAL | $25,000 |
| BOSTON PHILHARMONIC ORCHESTRA INC BOSTON, MA | GENERAL | $25,000 |
| BUCKINGHAM BROWNE AND NICHOLS CAMBRIDGE, MA | GENERAL | $60,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS M HAGERTY | TRUSTEE | 1 | — |
| JEANNE M HAGERTY | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation announced a $2 million gift to Florida Atlantic University Athletics in January 2026.
Athletics Announces $2 Million Gift from Hagerty Family - Florida AtlanticSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from The Hagerty Family Foundation?
The foundation makes grants across diverse sectors. Recent grant recipients have included: • Roundabout Theatre Company ($360,000) • Berklee College of Music ($200,000) • Navy Seal Foundation ($100,000) • Florida Atlantic University Athletics ($2,000,000) The foundation made 21 grants in 2024, with total giving of approximately $1.35 million. Grants are characterized as unrestricted, general support awards.
What size grants does The Hagerty Family Foundation award?
In 2024, The Hagerty Family Foundation awarded 28 grants totaling $1.2M — an average of about $44K per grant, based on its IRS Form 990 filings.
How much is The Hagerty Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hagerty Family Foundation reported a distributable amount of $223K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hagerty Family Foundation's EIN?
The Hagerty Family Foundation's EIN (Employer Identification Number) is 20-0509132. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hagerty Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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