Verhagen Foundation
Verhagen Foundation is a private foundation, based in Charleston, SC. IRS filing data is available from 2021 through 2024. In 2024, it awarded 1 grant totaling $21K.
Verhagen Foundation at a glance
In short: Verhagen Foundation gave $21K across 1 grant in 2024 (avg $21K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $20,837
- -99.3% vs 2023
- Grants made (2024)
- 1
- -75.0% vs 2023
- Average grant
- $20,837
- -97.1% vs 2023
- Median grant
- $20,837
- Primary geography
- Massachusetts (100% 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 Verhagen Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Bank of America Charitable Gift Fund ($21K).
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 33 grants of 34 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Verhagen Foundation gives
- Giving fell 87% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2021 to 2024, annual grant giving ranged from $21K (2024) to $2.9M (2023). In 2024 it made 1 grant totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bank of America Charitable Gift Fund Boston, MA | Dissolutionremaining Cash to Donor Advised Fund | $20,837 |
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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 | — | $4,002 | $32,905 | $20,837 | 1 | $20,837 | — | $875 |
| 2023 | $28,903 | $105,891 | $2,960,953 | $2,917,481 | 4 | $2,917,481 | $83,001 | $121,615 |
| 2022 | $2,883,965 | $31,414 | $180,032 | $151,000 | 13 | $151,000 | $46,928 | $141,091 |
| 2021 | $3,032,583 | $310,545 | $194,040 | $161,000 | 16 | $161,000 | $277,505 | $175,372 |
Under IRS private-foundation payout rules, Verhagen Foundation reported a distributable amount of $875 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Verhagen Foundation is led by Mark Van Hook, President on every filing since 2021; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mark Van Hook
President
On filings since 2021
$15K (2023) → $0 (2024)
Dana Van Hook
Secretary
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $15K, to Mark Van Hook (President).
Frequently asked questions about Verhagen Foundation
How much does Verhagen Foundation give each year?
Verhagen Foundation gave $21K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.9M across 4 grants.
Where does Verhagen Foundation operate?
Verhagen Foundation has awarded grants in Florida, Massachusetts, South Carolina.
How much is Verhagen Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Verhagen Foundation reported a distributable amount of $875 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Verhagen Foundation's EIN?
Verhagen Foundation's EIN (Employer Identification Number) is 20-3604163. IRS Form 990 filing data is available on this page for 2021–2024.
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 2021–2024
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Figures come from Verhagen Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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