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Loyal And True Foundation is a private corporation based in ERIE, PA. The foundation received its IRS ruling in 2022. The principal officer is Christopher Hagerty. It holds total assets of $6M. Annual income is reported at $446K. Total assets have decreased from $5.3M in 2021 to $4M in 2023. The foundation is governed by 6 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. According to available records, Loyal And True Foundation has made 35 grants totaling $763K, with a median grant of $20K. Annual giving has decreased from $572K in 2022 to $191K in 2023. Individual grants have ranged from $1K to $86K, with an average award of $22K. The foundation has supported 16 unique organizations. The foundation primarily supports organizations in Pennsylvania, Ohio, Massachusetts, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Loyal And True Foundation reported 35 individual grants totaling $763,000 between 2022 and 2023 across its IRS Form 990-PF filings, with a median grant of $20,000. Half of those grants fell between $10,000 and $27,500. Its largest single grant in the record was $86,000. Its most recent available filing, for fiscal year 2023, reports $192,922 in total giving.
Grantmaking is concentrated in PA, which received 24 of the 35 grants on record (69 percent). In total the foundation's grantees span 4 states. Of its 16 distinct grantees, 94 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Cathedral Preparatory School ($182,000), Kennedy Catholic High School ($150,000) and St John School ($64,000).
Computed from 35 individual grant records (2022–2023) in this foundation's IRS Form 990-PF Part XV filings, reaching 4 states. Source: IRS 990-PF.
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.
Loyal And True Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 35 grants. Its grantmaking reaches organizations primarily in PA, OH, MA.
Loyal And True Foundation has distributed a total of $763K across 35 grants. The median grant size is $20K, with an average of $22K. Individual grants have ranged from $1K to $86K.
Loyal And True Foundation typically selects its grantees rather than accepting unsolicited proposals.
Loyal And True Foundation is headquartered in ERIE, PA. While based in PA, the foundation distributes grants to organizations across 4 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christopher Hagerty | Chairman | $0 | $0 | N/A |
| David Hallman Jr | Secretary | $0 | $0 | N/A |
| Lawrence Furey Cpa | Treasurer | $0 | $0 | N/A |
| Michael Hagerty | Director | $0 | $0 | N/A |
| John Detisch | Director | $0 | $0 | N/A |
| Owen Mccormick | Director | $0 | $0 | N/A |
Total Giving
$193K
Total Assets
$4M
Fair Market Value
$4M
Net Worth
$4M
Grants Paid
$191K
Contributions
$55K
Net Investment Income
$24K
Distribution Amount
N/A
Total: $3.8M
Total Grants
35
Total Giving
$763K
Average Grant
$22K
Median Grant
$20K
Unique Recipients
16
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cathedral Preparatory SchoolENERAL OPERATING | Erie, PA | $86K | 2023 |
| Kennedy Catholic High SchoolGENERAL OPERATING | Hermitage, PA | $50K | 2023 |
| Dubois Central CatholicGENERAL OPERATING | Dubois, PA | $30K | 2023 |
| Erie Catholic School SystemsGENERAL OPERATING | Erie, PA | $20K | 2023 |
| Padua Franciscan High SchoolGENERAL OPERATING | Parma, OH | $5K | 2023 |
| St John SchoolGENERAL OPERATING | Ashtabula, OH | $32K | 2022 |
| Cleveland Central Catholic High SchGENERAL OPERATING | Cleveland, OH | $25K | 2022 |
| Cathedral High SchoolENERAL OPERATING | Bostom, MA | $25K | 2022 |
| St Mark'S SeminaryGENERAL OPERATING | Erie, PA | $25K | 2022 |
| St Mark'S High SchoolGENERAL OPERATING | Wilmington, DE | $25K | 2022 |
| Mercyhurst Preparatory SchoolGENERAL OPERATING | Erie, PA | $10K | 2022 |
| Erie First Christian AcademyENERAL OPERATING | Erie, PA | $10K | 2022 |
| Bethel Christian SchoolGENERAL OPERATING | Erie, PA | $10K | 2022 |
| Luther Memorial AcademyGENERAL OPERATING | Erie, PA | $10K | 2022 |
| Lancaster Catholic High SchoolGENERAL OPEERATING | Lancster, PA | $3K | 2022 |
| Gertrude Barber CenterMEMORY OF JOHN MCCORMICK | Erie, PA | $1K | 2022 |