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Larry & Frankie Hager Trust 1 is a private trust based in OWENSBORO, KY. The foundation received its IRS ruling in 2016. It holds total assets of $649K. Annual income is reported at $331K. Total assets have decreased from $971K in 2015 to $667K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Larry & Frankie Hager Trust 1 has made 2 grants totaling $819K, with a median grant of $409K. Grant recipients are concentrated in Kentucky. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Larry & Frankie Hager Trust 1 primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in KY.
Larry & Frankie Hager Trust 1 has distributed a total of $819K across 2 grants. The median grant size is $409K, with an average of $409K. Individual grants have ranged from $409K to $409K.
Larry & Frankie Hager Trust 1 typically selects its grantees rather than accepting unsolicited proposals.
Larry & Frankie Hager Trust 1 is headquartered in OWENSBORO, KY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Pnc Bank Na | TRUSTEE - THROUGH 7/31/2023 | $6K | $0 | $6K |
| Independence Bank | TRUSTEE | $5K | $0 | $5K |
Total Giving
$677K
Total Assets
$667K
Fair Market Value
$759K
Net Worth
$667K
Grants Paid
$409K
Contributions
N/A
Net Investment Income
$126K
Distribution Amount
$60K
Total: $307K
Total Grants
2
Total Giving
$819K
Average Grant
$409K
Median Grant
$409K
Unique Recipients
1
Most Common Grant
$409K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| International Bluegrass Music Museum IncGENERAL | Owensboro, KY | $409K | 2023 |
FT MITCHELL, KY
LAGRANGE, KY
COVINGTON, KY