Virginia Clark Hagan Charitable
Virginia Clark Hagan Charitable Foundation Inc. is a private foundation based in Lexington, Kentucky. Established in 2002, it operates as a 501(c)(3) organization and is designated as an independent foundation. The foundation is located at 250 W Main Street, Suite 1600, Lexington, KY 40507-1726.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.2M
-1.1% YoY
Annual Giving
$945K
-4.5% YoY
Grant Count
12
+9.1% YoY
Avg Grant Size
$79K
-12.5% YoY
Under IRS private-foundation payout rules, Virginia Clark Hagan Charitable reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving focuses primarily on:
- Education
- Human services
- Philanthropy, voluntarism & grantmaking
- Arts, culture & humanities
Grantmaking
Grant Range
s:** Typical awards range from $5,000 to $200,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Kentucky and Georgia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $10,204,105
- Total giving: $945,000
- Revenue: $979,927
- Expenses: $1,094,714
- Net assets: $10,204,105
- Net liabilities: $0
Tax-exempt status: Granted in August 1990
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,204,105 | $10,315,019 | $10,658,277 |
| Revenue | $979,927 | $812,485 | $865,083 |
| Expenses | $1,094,714 | $1,150,006 | $1,215,180 |
| Qualifying Distributions | $958,944 | $1,015,708 | $1,073,494 |
| Net Investment Income | $853,309 | $687,162 | $732,021 |
| Distributable Amount | $1,103,696 | $969,919 | $1,017,471 |
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
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Carnegie Center for Literacy ($185,000), Salvation Army ($165,000), Transylvania University ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Carnegie Center for Literacy Lexington, KY | Literacy Programs | $185,000 |
| Central Music Academy Lexington, KY | Youth Music Education | $95,000 |
| International Book Project Lexington, KY | Literacy Programs | $125,000 |
| Salvation Army Lexington, KY | Boys & Girls Club | $165,000 |
| Transylvania University Lexington, KY | Scholarship Funds | $150,000 |
| Frontier Nursing University Versailles, KY | Education | $50,000 |
| National Christian Foundation Alpharetta, GA | Education & Literacy | $5,000 |
| Kentucky Historical Society Frankfort, KY | Youth Education | $25,000 |
| Christian Appalachian Project Lexington, KY | Youth Education | $25,000 |
| Henry Clay Center For Statesmanship Lexington, KY | Youth Education | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sarah Clark | Director | 0.45 | $1,050 |
| Sarah Clark | Vice President | 0.05 | — |
| Charles Shearer | Director | 0.45 | $700 |
| Charles Shearer | Secretary | 0.05 | — |
| Mark MacDonald | Director | 0.45 | $1,050 |
| Mark MacDonald | Treasurer | 0.05 | — |
| Donald Rardin | Director | 0.45 | $1,050 |
| Donald Rardin | President | 0.05 | — |
| Elizabeth Blackford | Director | 0.45 | $350 |
Contact Information
Telephone: 859-233-2012
Frequently Asked Questions
What does Virginia Clark Hagan Charitable fund?
The foundation's giving focuses primarily on: • Education • Human services • Philanthropy, voluntarism & grantmaking • Arts, culture & humanities
How do I apply for a grant from Virginia Clark Hagan Charitable?
**Grant Sizes:** Typical awards range from $5,000 to $200,000. **Recent Grants:** Based on the most recent tax filings, the foundation awarded: • $150,000 to Transylvania University for scholarship funds • $25,000 to Henry Clay Center for Statesmanship for youth education **Total Giving:** $945,000 in grants (2024 fiscal year)
Where does Virginia Clark Hagan Charitable make grants?
The foundation primarily supports organizations in Kentucky and Georgia.
What size grants does Virginia Clark Hagan Charitable award?
In 2024, Virginia Clark Hagan Charitable awarded 12 grants totaling $945K — an average of about $79K per grant, based on its IRS Form 990 filings.
How much is Virginia Clark Hagan Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Virginia Clark Hagan Charitable reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Virginia Clark Hagan Charitable's EIN?
Virginia Clark Hagan Charitable's EIN (Employer Identification Number) is 61-1184780. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Virginia Clark Hagan Charitable'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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