Wallace and Joyce Hagedorn Scholarship FD
Wallace and Joyce Hagedorn Scholarship FD is a private foundation focused on Education, based in Cincinnati, OH. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $8.9M in total assets. In 2025, it awarded 2 grants totaling $495K. Net investment income was $765K.
Wallace and Joyce Hagedorn Scholarship FD at a glance
In short: Wallace and Joyce Hagedorn Scholarship FD gave $495K across 2 grants in 2025 (avg $248K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $495,000
- +8.3% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $247,500
- +8.3% vs 2024
- Median grant
- $247,500
- Total assets
- $8,929,352
- +2.9% vs 2024
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Wallace and Joyce Hagedorn Scholarship FD funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Miami University Foundation ($457K). Together the top 2 received $495K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Wallace and Joyce Hagedorn Scholarship FD gives
- Giving held roughly steady from 2022 to 2025 (−1%). Method
- In 2025 it paid out 102% of 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 2020 to 2025, annual grant giving ranged from $382K (2020) to $500K (2022). In 2025 it made 2 grants totaling $495K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Miami University Foundation Oxford, OH | Scholarship | $456,885 |
| Reading Community City Reading, OH | Scholarship | $38,115 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $8,929,352 | $848,707 | $598,939 | $495,000 | 2 | $510,800 | $765,071 | $499,827 |
| 2024 | $8,680,287 | $454,652 | $563,220 | $457,000 | 2 | $472,520 | $367,382 | $472,186 |
| 2023 | $8,788,670 | $486,626 | $531,210 | $426,000 | 2 | $440,771 | $404,026 | $440,807 |
| 2022 | $8,833,365 | $673,973 | $612,345 | $500,000 | 2 | $500,000 | $577,140 | $476,507 |
| 2021 | $8,771,717 | $854,909 | $532,759 | $435,500 | 2 | — | $758,397 | $487,360 |
| 2020 | $8,449,786 | $719,612 | $476,757 | $382,000 | 2 | — | $221,287 | $409,836 |
Under IRS private-foundation payout rules, Wallace and Joyce Hagedorn Scholarship FD reported a distributable amount of $500K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wallace and Joyce Hagedorn Scholarship FD's only listed officer is Fifth Third Bank N A, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Fifth Third Bank N A
Trustee
On filings since 2020
1 hr/week
$73K (2020) → $94K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $94K, to Fifth Third Bank N a (Trustee).
Frequently asked questions about Wallace and Joyce Hagedorn Scholarship FD
How much does Wallace and Joyce Hagedorn Scholarship FD give each year?
Wallace and Joyce Hagedorn Scholarship FD gave $495K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $457K across 2 grants.
How large is Wallace and Joyce Hagedorn Scholarship FD?
Wallace and Joyce Hagedorn Scholarship FD reported $8.9M in total assets on its 2025 IRS Form 990-PF. It paid out $511K in qualifying distributions that year, against a required minimum of $500K (roughly 5% of its investment assets).
What is Wallace and Joyce Hagedorn Scholarship FD?
Wallace and Joyce Hagedorn Scholarship FD is a private foundation focused on Education, based in Cincinnati, OH. It holds $8.9M in total assets as of 2025.
Where does Wallace and Joyce Hagedorn Scholarship FD operate?
Wallace and Joyce Hagedorn Scholarship FD has awarded grants in Ohio.
What is Wallace and Joyce Hagedorn Scholarship FD's EIN?
Wallace and Joyce Hagedorn Scholarship FD's EIN (Employer Identification Number) is 61-6489656. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 11, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Wallace and Joyce Hagedorn Scholarship FD funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in Wallace and Joyce Hagedorn Scholarship FD's focus areas in our free grants database
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