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Flag Art Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2007. The principal officer is Glenn Fuhrman. It holds total assets of $24.6M. Annual income is reported at $3.6M. Total assets have grown from $431K in 2011 to $24.6M in 2024. The foundation is governed by 4 officers and trustees. Contemporary art exhibitions that are free and open to the public, including publications production alongside the exhibitions. The foundation also maintains a website to showcase art held at the gallery and to notify the public of upcoming events. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2024. Grantmaking is concentrated in New York. According to available records, Flag Art Foundation has made 12 grants totaling $886K, with a median grant of $10K. Individual grants have ranged from $3K to $400K, with an average award of $74K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Texas and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$9K
Largest Grant
$12K
Based on 3 grants from the most recent 990-PF filing.
Maintaining website of foundation to showcase art held in gallery and notify public of upcoming events.
10 pieces of art loaned to 7 galleries and museums each for periods ranging from 3 months to open ended.
Reproduction of an old 80's movie using actors from various harlem schools in helping out the community.
Contemporary art exhibitions that are free and open to the public, including publications production alongside the exhibitions. The foundation also maintains a website to showcase art held at the gallery and to notify the public of upcoming events. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in TX, NY.
Flag Art Foundation has distributed a total of $886K across 12 grants. The median grant size is $10K, with an average of $74K. Individual grants have ranged from $3K to $400K.
Flag Art Foundation typically selects its grantees rather than accepting unsolicited proposals.
Flag Art Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Amanda Fuhrman | VICE PRESIDENT | $0 | $0 | N/A |
| Risa Daniels | SECRETARY (AS OF 09/28/23) | $0 | $0 | N/A |
| Laura Twersky | DIRECTOR | $0 | $0 | N/A |
| Glenn Fuhrman | PRESIDENT/TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$24.6M
Fair Market Value
N/A
Net Worth
$24.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
12
Total Giving
$886K
Average Grant
$74K
Median Grant
$10K
Unique Recipients
6
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Contemporary AustinFOR DONEE'S EXEMPT PURPOSE | Austin, TX | $400K | 2022 |
| The Studio Museum In HarlemFOR DONEE'S EXEMPT PURPOSE | New York, NY | $15K | 2022 |
| 92nd Street YFOR DONEE'S EXEMPT PURPOSE | New York, NY | $10K | 2022 |
| Arete Living Arts FoundationFOR DONEE'S EXEMPT PURPOSE | Long Island City, NY | $10K | 2022 |
| Avenues For Justice IncFOR DONEE'S EXEMPT PURPOSE | New York, NY | $5K | 2022 |
| New York Academy Of ArtFOR DONEE'S EXEMPT PURPOSE | New York, NY | $3K | 2022 |