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Russell B Hagen Foundation is a private corporation based in LAKELAND SHRS, MN. The foundation received its IRS ruling in 1999. The principal officer is % Russell B Hagen. It holds total assets of $2.2M. Annual income is reported at $820K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Russell B Hagen Foundation has made 6 grants totaling $217K, with a median grant of $36K. Annual giving has grown from $33K in 2020 to $40K in 2023. Grantmaking activity was highest in 2022 with $144K distributed across 4 grants. Individual grants have ranged from $2K to $70K, with an average award of $36K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Russell B Hagen 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 MN.
Russell B Hagen Foundation has distributed a total of $217K across 6 grants. The median grant size is $36K, with an average of $36K. Individual grants have ranged from $2K to $70K.
Russell B Hagen Foundation typically selects its grantees rather than accepting unsolicited proposals.
Russell B Hagen Foundation is headquartered in LAKELAND SHRS, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Erin G Hubbard | OFFICER | $0 | $0 | $0 |
| Russell B Hagen | PRESIDENT AND TREASURER | $0 | $0 | $0 |
| Alexander L Hagen | OFFICER | $0 | $0 | $0 |
Total Giving
$77K
Total Assets
$2.1M
Fair Market Value
$1.6M
Net Worth
$2.1M
Grants Paid
$40K
Contributions
$14K
Net Investment Income
$113K
Distribution Amount
$79K
Total: $2.1M
Total Grants
6
Total Giving
$217K
Average Grant
$36K
Median Grant
$36K
Unique Recipients
2
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nhcc FoundationGENERAL FUND | Brooklyn Park, MN | $40K | 2023 |
| Urban BoatbuildersGENERAL FUND | St Paul, MN | $2K | 2022 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
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