Work at this foundation?
Claim this profile to edit this page and see interest from grant seekers.
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. 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.
The Flag Art Foundation operates as a hybrid institution — part Kunsthalle-style nonprofit gallery, part selective grantmaker — that defies the conventional foundation-applicant dynamic. Founded in 2008 by art collector Glenn Fuhrman, FLAG functions primarily as a non-collecting exhibition space at 545 West 25th Street in Chelsea, New York, mounting free contemporary art exhibitions for the public. Since opening with an inaugural exhibition curated by Chuck Close, FLAG has organized over 100 exhibitions featuring nearly 1,000 artists. External grantmaking is secondary and conducted on a preselection basis: the foundation's 990 filings confirm it makes contributions exclusively to preselected organizations, meaning unsolicited grant applications are not reviewed through a formal process.
For institutional partners, the path to FLAG support runs through relationships, not portals. The foundation's documented 12 external grants totaling $886,000 reflect deep engagement with a very small circle of partners — primarily New York-based arts institutions plus The Contemporary Austin in Texas, which received $800,000 as the Suzanne Deal Booth/FLAG Art Foundation Prize exhibition host. Secondary grantees include the Studio Museum in Harlem ($30,000), 92nd Street Y ($20,000), Arete Living Arts Foundation ($20,000), Avenues for Justice ($10,000), and New York Academy of Art ($6,000).
First-time organizations should approach FLAG as a long-term relationship cultivation, not a transaction. The only documented entry point for unsolicited interest is a brief email to info@flagartfoundation.org — one paragraph describing your project and your contact information. Lengthy proposals, PDFs, and budget documents are inappropriate at this stage. Expressing genuine alignment with the mission (free public access to contemporary art, direct support for living artists) and demonstrating an existing institutional exhibition track record are essential credibility signals.
Artists have a separate pathway via the Serpentine x FLAG Art Foundation Prize, a £200,000 (~$270,000) biannual award for artists with under ten years of professional exhibition history. This prize operates through a nomination process adjudicated by an international jury; artists cannot self-nominate and must build relationships within FLAG's curatorial and collector network to be considered. The ideal FLAG partner — whether an institution or an individual artist — combines strong institutional credibility, alignment with contemporary art and free public access values, and a connection to Fuhrman's collector and museum trustee circles.
Flag Art Foundation's external grantmaking is modest in absolute terms but concentrated and consistent with its operating model. The foundation distinguishes between two categories of expenditure: program spending (exhibitions, publications, artist support) and external grants (direct transfers to other nonprofits). Total giving across both categories has run $1.1–2.1 million annually in recent years, while external grants paid represent only a fraction of that figure.
External grants paid totaled $525,950 in FY2023, $443,000 in FY2022, $410,000 in FY2020, $27,000 in FY2021, and $10,000 in FY2019. The FY2021 drop to $27,000 likely reflects the departure of Executive Director Stephanie Roach (who received $248,750 in officer compensation that year before leaving in September 2021) and an operational transition year. Total giving including program expenditures ran $2.1 million (FY2023), $2.0 million (FY2022), $1.1 million (FY2021), $1.3 million (FY2020), and $1.5 million (FY2019), indicating approximately $1.5–1.6 million annually flowing into FLAG's own exhibitions and programs versus roughly $400–500K to external grantees.
Across the 12 documented external grants, amounts range from $3,000 to $400,000. The portfolio average is $73,833, but this is sharply skewed by the $800,000 cumulative Suzanne Deal Booth Prize award to The Contemporary Austin. Excluding that outlier, the remaining 10 grants average approximately $8,600, with a median around $10,000. The database's typical_grant_size field — tracking three discrete smaller grants — confirms a $5,000–$12,000 range with a $10,000 median for routine institutional support disbursements.
Geographically, 10 of 12 documented grants went to New York organizations; 2 grants ($800,000 combined) went to Texas. This reflects FLAG's Manhattan operational base and its now-concluded Austin prize partnership. The recently launched Serpentine x FLAG Prize will add approximately £200,000 (~$270,000) every two years in prize disbursements, incrementally increasing the external giving total. FLAG's assets have stabilized at approximately $24.6 million following a $20.5 million contribution received in FY2022, supporting a net investment income of $2.3 million in FY2023 that funds ongoing operations and grantmaking.
The database identifies FLAG Art Foundation's asset-comparable peers as general philanthropy foundations with endowments in the $24.5–24.7 million range. These peers share FLAG's endowment size but differ fundamentally in mission, program focus, and grantmaking approach.
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Flag Art Foundation | $24.6M | ~$2.1M total / ~$526K external | Contemporary Art Exhibitions & Artist Prizes | Invitation / Preselection Only |
| Edward P & Raye G White Charitable Foundation | $24.6M | N/A | General Philanthropy | Unknown |
| Jeff Hunter Charitable Trust | $24.6M | N/A | General Philanthropy | Unknown |
| Rod Rhoden Foundation | $24.6M | N/A | General Philanthropy | Unknown |
| Far Reach Foundation | $24.6M | N/A | General Philanthropy | Unknown |
Among its asset peers, FLAG stands alone as a mission-driven operating institution with an internationally recognized programming identity. The four comparable foundations — Edward P and Raye G White Charitable Foundation (TX), Jeff Hunter Charitable Trust (FL), Rod Rhoden Foundation (NE), and Far Reach Foundation (VT) — are all general philanthropy vehicles with no public-facing grant programs, no websites, and no documented arts focus. They are matched to FLAG purely by endowment size, not strategy.
In terms of mission and competitive positioning, FLAG more closely resembles the Foundation for Contemporary Arts (New York, open nomination artist grants), the Rema Hort Mann Foundation (emerging artist grants, New York), or the Andy Warhol Foundation for the Visual Arts (artist and institution grants) — all invitation-based or nomination-based contemporary art funders. What distinguishes FLAG within this cohort is its dual identity as both a public gallery and a grantmaker, meaning institutional relationships often precede and inform any financial support. Organizations and artists already embedded in FLAG's exhibition ecosystem have a significant advantage over cold applicants.
Flag Art Foundation entered 2026 as one of the most active periods in its 18-year history, with three major structural developments reshaping its institutional reach.
December 2025 — Serpentine x FLAG Art Foundation Prize. In collaboration with London's Serpentine Galleries, FLAG launched what is described as the UK's largest single-artist contemporary art prize: £1 million total disbursed biannually (£200,000 per award) to five artists over ten years. The prize targets international artists with under a decade of professional exhibition history and carries two solo exhibitions — one at Serpentine North, one at FLAG New York — as non-cash components. This collaboration represents FLAG's first formal transatlantic institutional partnership and signals a deliberate expansion beyond its Chelsea gallery footprint.
November 2025 — Parrish Art Museum Partnership. FLAG announced a five-year curatorial collaboration with the Parrish Art Museum in Water Mill, New York, running through 2030. The partnership yields three joint exhibitions annually across two adjoining galleries at the Parrish, extending FLAG's curatorial programming into the Hamptons arts circuit.
April 23, 2026 — Inaugural Serpentine x FLAG Prize Winner. The jury — comprising Hans Ulrich Obrist (Serpentine artistic director), Michelle Kuo, Venus Lau, Rirkrit Tiravanija, and Jonathan Rider (FLAG) — selected Japanese poet-artist Gozo Yoshimasu as the first recipient. Yoshimasu will mount a solo exhibition at Serpentine North in autumn 2027, followed by a reimagined presentation at FLAG New York in spring 2028.
Leadership has been stable since 2021: Glenn Fuhrman (President/Treasurer), Amanda Fuhrman (VP/Secretary), Laura Twersky (Director), and Risa Daniels (Secretary, since September 2023). Former Executive Director Stephanie Roach departed in September 2021 and has not been replaced, suggesting the foundation now operates with a leaner senior staff structure.
FLAG Art Foundation does not operate an open grant program, so conventional application strategies do not apply. The following tips are specific to the two realistic funding pathways: institutional support grants and the Serpentine x FLAG Artist Prize.
For organizations seeking institutional grants:
For artists pursuing the Serpentine x FLAG Prize:
Create a free Granted account to download this report — includes application checklist, full financial data, and all grantees.
Already have an account? Sign in to download.
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.
Flag Art Foundation's external grantmaking is modest in absolute terms but concentrated and consistent with its operating model. The foundation distinguishes between two categories of expenditure: program spending (exhibitions, publications, artist support) and external grants (direct transfers to other nonprofits). Total giving across both categories has run $1.1–2.1 million annually in recent years, while external grants paid represent only a fraction of that figure. External grants paid total.
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.
The Flag Art Foundation operates as a hybrid institution — part Kunsthalle-style nonprofit gallery, part selective grantmaker — that defies the conventional foundation-applicant dynamic. Founded in 2008 by art collector Glenn Fuhrman, FLAG functions primarily as a non-collecting exhibition space at 545 West 25th Street in Chelsea, New York, mounting free contemporary art exhibitions for the public. Since opening with an inaugural exhibition curated by Chuck Close, FLAG has organized over 100 exh.
Flag Art Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
Track this funder — get alerted when new grants match
Get a free weekly digest of new grant opportunities as they're added to Granted. Unsubscribe anytime.
| 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 |