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Flagship Foundation is a private corporation based in CHANHASSEN, MN. The foundation received its IRS ruling in 1999. The principal officer is Steve Loe. It holds total assets of $235K. Annual income is reported at $70K. Total assets have grown from $469 in 2011 to $239K in 2023. The foundation is governed by 3 officers and trustees. 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 2015 to 2023. The foundation primarily funds organizations in Minnesota and California. According to available records, Flagship Foundation has made 42 grants totaling $60K, with a median grant of $1K. The foundation has distributed between $15K and $30K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $30K distributed across 22 grants. Individual grants have ranged from $100 to $5K, with an average award of $1K. The foundation has supported 16 unique organizations. The foundation primarily supports organizations in Minnesota, California, Michigan, which account for 90% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$1K
Average Grant
$1K
Largest Grant
$5K
Based on 12 grants from the most recent 990-PF filing.
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.
Flagship Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 42 grants. Its grantmaking reaches organizations primarily in MN, CA, MI.
Flagship Foundation has distributed a total of $60K across 42 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $100 to $5K.
Flagship Foundation typically selects its grantees rather than accepting unsolicited proposals.
Flagship Foundation is headquartered in CHANHASSEN, MN. While based in MN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William O Naegele Sr | PRESIDENT | $0 | $0 | N/A |
| Stephanie Naegele | DIRECTOR | $0 | $0 | N/A |
| William O Naegele Jr | DIRECTOR | $0 | $0 | N/A |
Total Giving
$16K
Total Assets
$239K
Fair Market Value
$234K
Net Worth
$239K
Grants Paid
$15K
Contributions
N/A
Net Investment Income
$4K
Distribution Amount
$11K
Total: N/A
Total Grants
42
Total Giving
$60K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
16
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Open Hands FoundationGENERAL SUPPORT | Excelsior, MN | $500 | 2023 |
| Pathways To ChildrenGENERAL SUPPORT | Minneapolis, MN | $5K | 2023 |
| Grace Lutheran ChurchRELIGIOUS PURPOSES | Minneapolis, MN | $5K | 2023 |
| Love Inc NationalRELIGIOUS PURPOSES | Jenison, MI | $3K | 2023 |
| The Holy Family Annual FundRELIGIOUS PURPOSES | Victoria, MN | $500 | 2023 |
| Quiet Time MinistriesRELIGIOUS PURPOSES | Palm Desert, CA | $500 | 2023 |
| Special Olympics MnGENERAL SUPPORT | Minneapolis, MN | $500 | 2023 |
| Wounded Warrior ProjectGENERAL SUPPORT | Jacksonvile, FL | $500 | 2023 |
| Westwood Community ChurchRELIGIOUS PUROPOSES | Excelsior, MN | $3K | 2022 |
| Jews For JesusRELIGIOUS PURPOSES | San Francisco, CA | $2K | 2022 |
| AmplifyGENERAL SUPPORT | Edina, MN | $500 | 2022 |
| Hospitality House Youth DevelopmentGENERAL SUPPORT | Minneapolis, MN | $500 | 2022 |
| Lake Vermillion Fire BrigadeGENERAL SUPPORT | Cook, MN | $500 | 2022 |
| Paralyzed Veterans Of AmericaGENERAL SUPPORT | Minneapolis, MN | $250 | 2022 |
| Church Of The Master'S LoveRELIGIOUS PURPOSES | Minneapolis, MN | $2K | 2020 |
| Minnesota Landscape ArboretumGENERAL SUPPORT | Chaska, MN | $1K | 2020 |