Flaherty Family Foundation
The Flaherty Family Foundation is a private foundation based in Eden Prairie, Minnesota. It supports high-potential students at faith-based, college-preparatory high schools with scholarships, personalized coaching and mentoring, college and career readiness support, and enrichment opportunities.
Flaherty Family Foundation at a glance
In short: Flaherty Family Foundation gave $1.3M across 4 grants in 2024 (avg $337K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,348,613
- +1443.1% vs 2023
- Grants made (2024)
- 4
- +100.0% vs 2023
- Average grant
- $337,153
- +671.6% vs 2023
- Median grant
- $101,807
- Total assets
- $22,856,400
- +5.9% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Flaherty Family Foundation
- Accepts unsolicited proposals
- No
- Contact
Mailing address: 8345 Crystal View Road 200, Eden Prairie, MN 55344
Phone: (952) 943-1404
Website: https://flahertyfamilyfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Flaherty Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was College Book Scholarships ($110K).
Organizations only. It also paid 3 individual scholarships ($1,238,175), which are not listed by name.
Grant Size Distribution
123 grants across all recorded years
The most common grant size was under $50K: 95 grants of 123 (77%).
Geographic Focus
Where this funder awards grants
The Foundation states that it supports Scholars and families at faith-based, college-preparatory high schools in Minnesota, Maryland, New Jersey, Virginia, Missouri, and Washington, D.C. All four grants itemized for 2024 went to recipients in Minnesota.
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Flaherty Family Foundation gives
- Giving grew 25% from 2021 to 2024. Method
- In 2024 it paid out 127% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $87K (2023) to $1.4M (2022). In 2024 it made 4 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 individual scholarships Recipients not named | — | $1,238,175 |
| College Book Scholarships Eden Prairie, MN | School Tuition for Students, Etc. | $110,438 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $22,856,400 | $1,564,965 | $1,366,053 | $1,348,613 | 4 | $1,348,613 | $1,443,169 | $1,060,161 |
| 2023 | $21,575,911 | $774,615 | $200,050 | $87,394 | 2 | $87,394 | $706,908 | $975,174 |
| 2022 | $19,215,426 | $1,799,878 | $1,496,259 | $1,394,983 | 31 | $1,394,983 | $631,814 | $976,218 |
| 2021 | $18,911,807 | $1,918,407 | $1,127,167 | $1,080,044 | 42 | $1,080,044 | $728,917 | $925,618 |
| 2020 | $18,120,567 | $429,199 | $1,106,049 | $1,054,895 | 44 | — | $404,602 | $930,126 |
Under IRS private-foundation payout rules, Flaherty Family Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation’s mission is to award high school, college-preparatory scholarships to outstanding students with financial need and provide personalized guidance to support their academic success. Its stated vision is to achieve the highest college graduation rate among comparable groups in the United States.
The Foundation’s support includes school tuition, college book scholarships, and enrichment opportunities. Its website describes Scholar supports such as mentoring, coaching, and college and career readiness curriculum. Scholars may apply for a Passion to Purpose Opportunity Grant of up to $3,500 in last-dollar funding for an enrichment opportunity between 10th and 12th grade.
Grantmaking
In filing year 2024, the Foundation reported four grants totaling $1,348,613. The grants ranged from $74,756 to $1,070,244, with a median of $101,806. The largest listed grants were $1,070,244 for scholarship expenses, $110,438 for school tuition for students, $93,175 for scholarship expenses, and $74,756 for school tuition for students and related purposes. All four listed recipients were in Minnesota.
The Foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Separately, its Scholar program uses partner schools to identify prospective students; eligible students and families are invited to apply directly to the Foundation. The stated criteria include academic performance, demonstrated perseverance and positive character, admission application to a partner school, and verified financial need. Qualified applicants and their parents or guardians may be invited to interview.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Edward F. Flaherty as director, Kelly D. Adams as vice president, and Beth Flaherty as director. The Foundation’s website identifies Ed Flaherty as its founder and says he asked his daughter, Beth Flaherty, to lead the Foundation in 2014.
Flaherty Family Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Beth Flaherty
Director
On filings since 2020
1 hr/week
No compensation reported
Edward F. Flaherty
Director
On filings since 2020
1 hr/week
No compensation reported
Kelly D. Adams
Vice President
Director → Secretary, 2022
Secretary → Vice President, 2023
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Flaherty Family Foundation
How much does Flaherty Family Foundation give each year?
Flaherty Family Foundation gave $1.3M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $87K across 2 grants.
What is Flaherty Family Foundation's typical grant size?
Flaherty Family Foundation's median grant in 2024 was $101,807, and its average grant was $337,153, across 4 grants on its 2024 IRS Form 990-PF.
Where does Flaherty Family Foundation give grants?
Flaherty Family Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Flaherty Family Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Flaherty Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Flaherty Family Foundation?
Flaherty Family Foundation reported $22.9M in total assets on its 2024 IRS Form 990-PF. It paid out $1.3M in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets).
What does Flaherty Family Foundation fund?
The Foundation’s mission is to award high school, college-preparatory scholarships to outstanding students with financial need and provide personalized guidance to support their academic success. See mission & focus areas ↑
How do I apply for a grant from Flaherty Family Foundation?
Flaherty Family Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines. Check flahertyfamilyfoundation.org for any change to that policy.
What is Flaherty Family Foundation's EIN?
Flaherty Family Foundation's EIN (Employer Identification Number) is 41-1622611. IRS Form 990 filing data is available on this page for 2020–2024.
Does Flaherty Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 11, 2025)
- IRS filings on file for fiscal years 2020–2024
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