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O Hagan Family Foundation is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2006. The principal officer is Merril Lynch Trust Company Fsb. It holds total assets of $12.2M. Annual income is reported at $21.5M. Total assets have decreased from $634K in 2010 to $389K in 2022. The foundation is governed by 1 officer or trustee. 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 2018 to 2023. According to available records, O Hagan Family Foundation has made 6 grants totaling $200K, with a median grant of $25K. Annual giving has decreased from $100K in 2020 to $50K in 2023. Individual grants have ranged from $25K to $50K, with an average award of $33K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Florida. 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.
O Hagan Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in FL.
O Hagan Family Foundation has distributed a total of $200K across 6 grants. The median grant size is $25K, with an average of $33K. Individual grants have ranged from $25K to $50K.
O Hagan Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
O Hagan Family Foundation is headquartered in PENNINGTON, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America | TRUSTEE | $5K | $0 | $5K |
Total Giving
$55K
Total Assets
$389K
Fair Market Value
$436K
Net Worth
$389K
Grants Paid
$50K
Contributions
N/A
Net Investment Income
$25K
Distribution Amount
$23K
Total: $368K
Total Grants
6
Total Giving
$200K
Average Grant
$33K
Median Grant
$25K
Unique Recipients
2
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| El Sol Jupiters Neighborhood Resource CenterGENERAL OPERATING | Jupiter, FL | $25K | 2023 |
| Holy Cross Catholic Preschool And CenterGENERAL OPERATING | West Palm Beach, FL | $25K | 2023 |