Wallace J Hagedorn Kent State University
Wallace J Hagedorn Kent State University 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 $4.1M in total assets. In 2025, it awarded 1 grant totaling $190K. Net investment income was $450K.
Wallace J Hagedorn Kent State University at a glance
In short: Wallace J Hagedorn Kent State University gave $190K across 1 grant in 2025 (avg $190K), mostly in Ohio. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $190,000
- -1.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $190,000
- -1.0% vs 2024
- Median grant
- $190,000
- Total assets
- $4,053,816
- +6.5% 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 J Hagedorn Kent State University funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Kent State University ($190K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Wallace J Hagedorn Kent State University gives
- Giving fell 21% from 2022 to 2025. Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $175K (2020) to $242K (2022). In 2025 it made 1 grant totaling $190K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kent State University Kent, OH | Scholarships | $190,000 |
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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 | $4,053,816 | $485,880 | $237,230 | $190,000 | 1 | $197,807 | $449,739 | $219,626 |
| 2024 | $3,805,183 | $246,360 | $235,960 | $192,000 | 1 | $198,640 | $211,597 | $205,518 |
| 2023 | $3,794,783 | $211,075 | $222,913 | $185,000 | 1 | $191,234 | $179,624 | $191,673 |
| 2022 | $3,806,623 | $215,372 | $288,947 | $242,000 | 1 | $242,788 | $175,538 | $208,660 |
| 2021 | $3,880,194 | $372,316 | $224,189 | $186,000 | 1 | — | $334,471 | $211,851 |
| 2020 | $3,732,059 | $164,151 | $218,968 | $175,000 | 1 | — | $127,826 | $185,825 |
Under IRS private-foundation payout rules, Wallace J Hagedorn Kent State University reported a distributable amount of $220K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wallace J Hagedorn Kent State University's only listed officer is Fifth Third Bank NA, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Fifth Third Bank NA
Trustee
On filings since 2020
1 hr/week
$33K (2020) → $41K (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 $41K, to Fifth Third Bank NA (Trustee).
Frequently asked questions about Wallace J Hagedorn Kent State University
How much does Wallace J Hagedorn Kent State University give each year?
Wallace J Hagedorn Kent State University gave $190K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $192K across 1 grant.
How large is Wallace J Hagedorn Kent State University?
Wallace J Hagedorn Kent State University reported $4.1M in total assets on its 2025 IRS Form 990-PF. It paid out $198K in qualifying distributions that year, against a required minimum of $220K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Wallace J Hagedorn Kent State University?
Wallace J Hagedorn Kent State University is a private foundation focused on Education, based in Cincinnati, OH. It holds $4.1M in total assets as of 2025.
Where does Wallace J Hagedorn Kent State University operate?
Wallace J Hagedorn Kent State University has awarded grants in Ohio.
What is Wallace J Hagedorn Kent State University's EIN?
Wallace J Hagedorn Kent State University's EIN (Employer Identification Number) is 61-6489655. 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 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 25, 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
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