Virginia Clark Hagan Charitable

Foundation · Grantmaker 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.

Key facts about Virginia Clark Hagan Charitable

EIN: 61-1184780
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $945,000
Grants made (2024): 12
Average grant: $78,750
Median grant: $62,500
New grantees (estimate): 8% first-time grantees (1 of 12, 2024)
Total assets: $10,204,105
Primary geography: Kentucky (99% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Virginia Clark Hagan Charitable funds

By grant dollars, the top recipient states for Virginia Clark Hagan Charitable's 12 itemized 2024 grants were Kentucky (99%). The most frequent recipient cities were Lexington, KY (9 grants). None of its 12 grants with a stated purpose were described as general or operating support. Recurring purposes include "Youth Education" (4 grants).

Is Virginia Clark Hagan Charitable open to new grantees?

first-time grantees, 2024

In 2024, 1 of 12 grantees (8%) were first-time recipients. First grants averaged $20K; repeat grants $84K. How we count

Medians: $20K first-time, $75K repeat.

92% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+10%). Method
In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Virginia Clark Hagan Charitable

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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

+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.

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

Kentucky $940K (99%)

Georgia $5K (1%)

Share of all 12 itemized 2024 grant dollars.

States

Georgia Kentucky

Cities

LexingtonAlpharettaFrankfortVersailles

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

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

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients 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
Salvation Army Lexington, KY	Boys & Girls Club	$165,000
Transylvania University Lexington, KY	Scholarship Funds	$150,000
International Book Project Lexington, KY	Literacy Programs	$125,000
Central Music Academy Lexington, KY	Youth Music Education	$95,000
Commonwealth Fund for KET Lexington, KY	Youth Education	$75,000
Frontier Nursing University Versailles, KY	Education	$50,000
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

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.