Verhagen Foundation

CHARLESTON, SC EIN: 20-3604163

Verhagen Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, SC. IRS filing data is available from 2021 through 2024. In 2024, it awarded 1 grants totaling $21K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

-100.0% YoY

Annual Giving

$21K

-99.3% YoY

Grant Count

1

-75.0% YoY

Avg Grant Size

$21K

-97.1% YoY

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.

About Verhagen Foundation

Based on IRS filings

Verhagen Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, SC. IRS filing data is available from 2021 through 2024. In 2024, it awarded 1 grants totaling $21K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

BostonCambridgeCharlestonFreeportMt PleasantNorth Charleston

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$814K$2M$2M$3M2021202220232024
Metric202420232022
Total Assets$28,903$2,883,965
Revenue$4,002$105,891$31,414
Expenses$32,905$2,960,953$180,032
Qualifying Distributions$20,837$2,917,481$151,000
Net Investment Income$83,001$46,928
Distributable Amount$875$121,615$141,091

Giving Over Time

Total grant dollars and number of grants per year

$0$729K$1M$2M$3M16 grants202113 grants20224 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

BANK OF AMERICA CHARITAB…$21K

Grant Size Distribution

34 grants across all recorded years

33<$50K$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Bank of America Charitable Gift Fund ($20,837).

RecipientPurposeAmount
BANK OF AMERICA CHARITABLE GIFT FUND BOSTON, MADISSOLUTIONREMAINING CASH TO DONOR ADVISED FUND$20,837

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
MARK VAN HOOKPRESIDENT
DANA VAN HOOKSECRETARY

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Verhagen Foundation?

Verhagen Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, SC. It holds — in total assets as of 2024.

Where does Verhagen Foundation operate?

Verhagen Foundation has awarded grants in Florida, Massachusetts, South Carolina.

What size grants does Verhagen Foundation award?

In 2024, Verhagen Foundation awarded 1 grants totaling $21K — an average of about $21K per grant, based on its IRS Form 990 filings.

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.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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