Virginia Clark Hagan Charitable

LEXINGTON, KY EIN: 61-1184780

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

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

2states

Cities

AlpharettaFrankfortLexingtonVersailles

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

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$334K$668K$1M$1M20202021202220232024
Metric202420232022
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

$0$263K$525K$788K$1M10 grants202011 grants202111 grants202211 grants202312 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Carnegie Center for Lite…$185KSalvation Army$165KTransylvania University$150KInternational Book Project$125KCentral Music Academy$95KCommonwealth Fund for KET$75KFrontier Nursing Univers…$50KKentucky Historical Soci…$25KChristian Appalachian Pr…$25KHenry Clay Center For St…$25K

Grant Size Distribution

55 grants across all recorded years

20<$50K12$50–100K23$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Sarah ClarkDirector$1KMark MacDonaldDirector$1KDonald RardinDirector$1KCharles ShearerDirector$700Elizabeth BlackfordDirector$350

From 2024 filing

NameTitleHoursCompensation
Sarah ClarkDirector0.45$1,050
Sarah ClarkVice President0.05
Charles ShearerDirector0.45$700
Charles ShearerSecretary0.05
Mark MacDonaldDirector0.45$1,050
Mark MacDonaldTreasurer0.05
Donald RardinDirector0.45$1,050
Donald RardinPresident0.05
Elizabeth BlackfordDirector0.45$350

Contact Information

Telephone: 859-233-2012

Related Funders

Similar funders by location and focus area

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

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