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 2024. As of 2024, the organization holds $8.7M in total assets. In 2024, it awarded 2 grants totaling $457K. Net investment income was $367K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.7M

-1.2% YoY

Annual Giving

$457K

+7.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$229K

+7.3% YoY

Under IRS private-foundation payout rules, Wallace and Joyce Hagedorn Scholarship Fd reported a distributable amount of $472K for 2024 — the minimum it must pay out in qualifying distributions.

About Wallace and Joyce Hagedorn Scholarship Fd

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $2.2M (100%)

States

Ohio

Cities

OxfordReading

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,680,287	$8,788,670	$8,833,365
Revenue	$454,652	$486,626	$673,973
Expenses	$563,220	$531,210	$612,345
Qualifying Distributions	$472,520	$440,771	$500,000
Net Investment Income	$367,382	$404,026	$577,140
Distributable Amount	$472,186	$440,807	$476,507

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 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Miami University Foundation ($421,811), Reading Community City ($35,189).

Recipient	Purpose	Amount
MIAMI UNIVERSITY FOUNDATION OXFORD, OH	SCHOLARSHIP	$421,811
READING COMMUNITY CITY READING, OH	SCHOLARSHIP	$35,189

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIFTH THIRD BANK N A	TRUSTEE	1	$94,766

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

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 $8.7M in total assets as of 2024.

How large is Wallace and Joyce Hagedorn Scholarship Fd?

As of 2024, Wallace and Joyce Hagedorn Scholarship Fd holds $8.7M in total assets with $455K in annual revenue. It awarded 2 grants totaling $457K in 2024.

Where does Wallace and Joyce Hagedorn Scholarship Fd operate?

Wallace and Joyce Hagedorn Scholarship Fd has awarded grants in Ohio.

What size grants does Wallace and Joyce Hagedorn Scholarship Fd award?

In 2024, Wallace and Joyce Hagedorn Scholarship Fd awarded 2 grants totaling $457K — an average of about $229K per grant, based on its IRS Form 990 filings.

How much is Wallace and Joyce Hagedorn Scholarship Fd required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Wallace and Joyce Hagedorn Scholarship Fd reported a distributable amount of $472K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.