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.
Key facts about Wallace and Joyce Hagedorn Scholarship FD
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.
- EIN
- 61-6489656
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $495,000
- Grants made (2025)
- 2
- Average grant
- $247,500
- Median grant
- $247,500
- Total assets
- $8,929,352
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$8.9M
+2.9% YoY
Annual Giving
$495K
+8.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$248K
+8.3% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
10 grants across all recorded years
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $8,929,352 | $8,680,287 | $8,788,670 |
| Revenue | $848,707 | $454,652 | $486,626 |
| Expenses | $598,939 | $563,220 | $531,210 |
| Qualifying Distributions | $510,800 | $472,520 | $440,771 |
| Net Investment Income | $765,071 | $367,382 | $404,026 |
| Distributable Amount | $499,827 | $472,186 | $440,807 |
Data update history
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
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
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.
Here's the math on researching Wallace and Joyce Hagedorn Scholarship FD by hand.
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