Walter and Virginia Hager

MOBRIDGE, SD EIN: 93-1911941

Walter and Virginia Hager is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBRIDGE, SD. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 13 grants totaling $181K. Net investment income was $124K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.1M

+10.1% YoY

Annual Giving

$181K

+624.0% YoY

Grant Count

+333.3% YoY

Avg Grant Size

$14K

+67.1% YoY

Under IRS private-foundation payout rules, Walter and Virginia Hager reported a distributable amount of $196K for 2024 — the minimum it must pay out in qualifying distributions.

About Walter and Virginia Hager

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Dakota $206K (100%)

States

South Dakota

Cities

Mobridge

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$4,106,656	$3,729,210
Revenue	$562,768	$3,755,997
Expenses	$185,322	$26,787
Qualifying Distributions	$181,000	$25,000
Net Investment Income	$123,698	$4,210
Distributable Amount	$196,004	$12,473

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Trinity Lutheran Church ($50,000), City of Mobridge ($40,000), Mobridge Region Hospital Foundation ($25,000).

Recipient	Purpose	Amount
CITY OF MOBRIDGE MOBRIDGE, SD	EQUIPMENT	$40,000
KLEIN MUSEUM MOBRIDGE, SD	SUPPORT	$10,000
MOBRIDGE COMMUNITY DEVELOPMENT MOBRIDGE, SD	SUPPORT	$7,500
MOBRIDGE FIRE DEPARTMENT MOBRIDGE, SD	SUPPORT	$10,000
MOBRIDGE MINISTERIAL ASSOCIATION MOBRIDGE, SD	BACKPACK FOOD PROGRAM	$5,000
MOBRIDGE PARENT TEACHER ORGANIZATIO MOBRIDGE, SD	SUPPORT	$5,000
MOBRIDGE PINK LADIES MOBRIDGE, SD	SUPPORT	$5,000
MOBRIDGE REGION HOSPITAL FOUNDATION MOBRIDGE, SD	SUPPORT LOCAL HOSPITAL	$25,000
MOBRIDGE SCHOOL DISTRICT MOBRIDGE, SD	SCHOLARSHIP PROGRAM	$10,000
MOBRIDGE YOUTH ORGANIZATION MOBRIDGE, SD	SUPPORT	$7,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ADAM QUASCHNICK	TREASURER	—	—
VIRGINIA HAGER	PRESIDENT	—	—
PATRICIA FEIOCK	SECRETARY	—	—
HARLEY OVERSETH	VICE PRESIDE	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Walter and Virginia Hager?

Walter and Virginia Hager is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBRIDGE, SD. It holds $4.1M in total assets as of 2024.

How large is Walter and Virginia Hager?

As of 2024, Walter and Virginia Hager holds $4.1M in total assets with $563K in annual revenue. It awarded 13 grants totaling $181K in 2024.

Where does Walter and Virginia Hager operate?

Walter and Virginia Hager has awarded grants in South Dakota.

What size grants does Walter and Virginia Hager award?

In 2024, Walter and Virginia Hager awarded 13 grants totaling $181K — an average of about $14K per grant, based on its IRS Form 990 filings.

How much is Walter and Virginia Hager required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter and Virginia Hager reported a distributable amount of $196K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.