Hagerty Drivers Foundation

EIN 461562577 Private Foundation

Lake Success, NY 11042 |(800) 839-1754

https://corporate.hagerty.com/driversfoundation
Total Given 2021–2024
$605K
814 grants · $151K avg/year
based on 4 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$480
typical micro grants · $450–$500
grant size
1%
transactional · 11/790 multi-year
repeat
$193K
Assets (2024)
790
Distinct Recipients

About

As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $104,834. This amount represents 25% or more of the Foundation's net assets of $11,804 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.

Focus Areas

Education

Application Information

Accepts Unsolicited Proposals No. Preselected Only
Phone (800) 839-1754

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2021 $105K $15K $566K 36
2022 $77K $84K $770K 116
2023 $230K $164K $701K 332
2024 $192K $193K $648K 330

Grant Size Distribution

Based on 814 grants on record

Minimum
$50
25th Pctl
$450
Median
$480
Average
$743
75th Pctl
$500
Maximum
$50K

Geographic Distribution


Texas Counties Served

2.1% of US grants · Rank #7 of 26 states $6K across 17 grants 5 of 254 counties

Top 5 counties

  1. 1 Tarrant 12 grants · $5K
  2. 2 Dallas 2 grants · $465
  3. 3 Harris 1 grant · $435
  4. 4 Lampasas 1 grant · $390
  5. 5 Johnson 1 grant · $385

Officers & Directors

Grants Awarded (814 total)

Purpose
RPM Foundation Tacoma, WA $50,000 RPM Apprenticeship Program 2021
RPM Foundation Tacoma, WA $50,000 The Endangered Skills Program 2023
McPherson College McPherson, KS $40,000 Automotive Restoration Scholarship Program 2021
D R I V E One Ray TWP, MI $25,000 General & Unrestricted 2022
McPherson College McPherson, KS $25,000 Automotive Restoration Dept fund 2023
Motorsports Museum & Hall of Fame of America Found Daytona Beach, FL $25,000 SPARK - Students Preserving AmerICAN RACING KNOWLEDGE PROGRAM 2024
New Visions for Public Schools Inc New York, NY $12,500 New Visions Auto-Pilot FUND 2024
D R I V E One Ray TWP, MI $5,000 DRIVE One: RevUp FUND 2024
The Edison Institute Inc Dearborn, MI $2,340 Hudson Hornet exhibit 2023
The Edison Institute Inc Dearborn, MI $850 General & Unrestricted 2023
B VanProoyen Grand Rapids, MI $500 Scholarship Grant 2024
C Hensler Westland, MI $500 Scholarship Grant 2024
C Jones Dayton, OH $500 Scholarship Grant 2024
C Lewis Fairborn, OH $500 Scholarship Grant 2024
C Perry Beavercreek, OH $500 Scholarship Grant 2024
C Sizemore Kettering, OH $500 Scholarship Grant 2024
C Washington Monroe, LA $500 Scholarship Grant 2024
C West-smith Detroit, MI $500 Scholarship Grant 2024
D Gatson Alexandria, LA $500 Scholarship Grant 2024
D Ivanovitch Spokane, WA $500 Scholarship Grant 2024
D Jasmin Vacherie, LA $500 Scholarship Grant 2024
D Levy Abbeville, LA $500 Scholarship Grant 2024
D Moody Detroit, MI $500 Scholarship Grant 2024
D Paternostro Duson, LA $500 Scholarship Grant 2024
D Taylor Jena, LA $500 Scholarship Grant 2024

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