Wallace and Joyce Hagedorn Scholarship FD

Foundation · Grantmaker Cincinnati, OH EIN: 61-6489656

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

1state

Share of all 2 itemized 2025 grant dollars.

States

Cities

OxfordReading

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K2 grants20202 grants20212 grants20222 grants20232 grants20242 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Miami University Foundation: $457KMiami University Foundation$457KReading Community City: $38KReading Community City$38K

Grant Size Distribution

10 grants across all recorded years

5<$50K$50–100K$100–250K5$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
MIAMI UNIVERSITY FOUNDATION Oxford, OHSCHOLARSHIP$456,885
READING COMMUNITY CITY Reading, OHSCHOLARSHIP$38,115

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$250K$500K$750K$1M202020212022202320242025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS February 12, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 29, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 6, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS January 16, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS January 17, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS February 11, 2026)
  7. 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

Fifth Third Bank N a — Trustee: $94KFifth Third Bank N aTrustee$94K

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.

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