Flagg Foundation
Flagg Foundation is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $714K in total assets. In 2024, it awarded 1 grants totaling $28K. Net investment income was $91K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$714K
+8.5% YoY
Annual Giving
$28K
-45.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$28K
-45.6% YoY
Under IRS private-foundation payout rules, Flagg Foundation reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.
About Flagg Foundation
Based on IRS filings
Flagg Foundation is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $714K in total assets. In 2024, it awarded 1 grants totaling $28K. Net investment income was $91K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $713,766 | $657,636 | $671,728 |
| Revenue | $97,141 | $47,695 | $39,992 |
| Expenses | $40,068 | $61,813 | $66,493 |
| Qualifying Distributions | $33,015 | $55,664 | $58,783 |
| Net Investment Income | $90,508 | $41,242 | $33,623 |
| Distributable Amount | $43,371 | $38,985 | $41,166 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached Schedule ($28,300).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED SCHEDULE PROVIDENCE, RI | CHARITABLE ORGANIZATIONS | $28,300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL V FLAGG | TREASURER | 1 | — |
| JULIA FLAGG | CO-TRUSTEE | 1 | — |
| DANIELLE FLAGG | CO-TRUSTEE | 1 | — |
| BANK OF AMERICA | AGENT FOR FIDUCIARY | 1 | $8,828 |
| STEVE SCOTT | CO-TRUSTEE | 1 | — |
| ALEX FLAGG | PRESIDENT/TRUSTEE | 1 | — |
| DEBORAH SMITH | SECRETARY | 1 | — |
Frequently Asked Questions
How large is Flagg Foundation?
As of 2024, Flagg Foundation holds $714K in total assets with $97K in annual revenue. It awarded 1 grants totaling $28K in 2024.
Where does Flagg Foundation operate?
Flagg Foundation has awarded grants in Rhode Island.
What size grants does Flagg Foundation award?
In 2024, Flagg Foundation awarded 1 grants totaling $28K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is Flagg Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Flagg Foundation reported a distributable amount of $43K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Flagg Foundation's EIN?
Flagg Foundation's EIN (Employer Identification Number) is 22-6046968. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Flagg Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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