Hageman Foundation of Hope
Hageman Foundation of Hope is a private foundation based in Monticello, Minnesota. In 2024, it gave $450,000 through 29 grants, with most grant dollars going to Minnesota recipients. Its 2024 grants included support for education, food assistance, social services, and other charitable work.
Key facts about Hageman Foundation of Hope
In short: Hageman Foundation of Hope gave $450K across 29 grants in 2024 (avg $16K), mostly in Minnesota. 3% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 20-1700412
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $450,000
- Grants made (2024)
- 29
- Average grant
- $15,517
- Median grant
- $5,000
- New grantees (estimate)
- 3% first-time grantees (1 of 29, 2024)
- Total assets
- $8,208,818
- Primary geography
- Minnesota (95% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.2M
+4.6% YoY
Annual Giving
$450K
-71.1% YoY
Grant Count
29
-9.4% YoY
Avg Grant Size
$16K
-68.1% YoY
Under IRS private-foundation payout rules, Hageman Foundation of Hope reported a distributable amount of $496K for 2024 — the minimum it must pay out in qualifying distributions.
Is Hageman Foundation of Hope open to new grantees?
3%
first-time grantees, 2024
In 2024, 1 of 29 grantees (3%) were first-time recipients. First grants averaged $1K; repeat grants $16K. How we count
Medians: $1K first-time, $5K repeat.
- 90% of 2024 grantees were also funded in 2023. Method
- Giving fell 38% from 2021 to 2024. Method
- In 2024 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations whose work includes education, food assistance, housing and supportive services, disability inclusion, and health.
For example, Hope Academy says it operates a K–12 school in urban Minneapolis providing a classical Christian education. Union Gospel Mission describes its work as providing meals, housing, and supportive services to meet physical, spiritual, and social needs. Special Olympics says it promotes inclusion of people of all abilities through sports, health, and education programs.
Grantmaking
In 2024, the foundation made 29 grants totaling $450,000. Grant amounts ranged from $500 to $100,000, with a median of $5,000. The largest grants included $100,000 to Hope Academy, $60,000 each to Buffalo Food Shelf and Monticello Help Center, and $40,000 to Faith in Action. The stated purpose for these grants was “unrestricted charitable gifts.”
How to Apply
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
Ready to take the next step with Hageman Foundation of Hope?
Geographic Focus
Where this funder awards grants
In 2024, Minnesota recipients received 95% of grant dollars. The remaining reported shares went to recipients in North Carolina, New York, Florida, and South Dakota, at 1% each.
Grant Distribution by State
Share of 2024 grant dollars across all 29 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $439K (2020) to $1.6M (2023). In 2024 it made 29 grants totaling $450K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Hope Academy ($100K). Together the top 10 received $393K.
Grant Size Distribution
150 grants across all recorded years
The most common grant size was under $50K: 133 grants of 150 (89%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hope Academy Minneapolis, MN | Unrestricted Charitable Gifts | $100,000 |
| Buffalo Food Shelf Buffalo, MN | Unrestricted Charitable Gifts | $60,000 |
| Monticello Help Center Monticello, MN | Unrestricted Charitable Gifts | $60,000 |
| Faith in Action Becker, MN | Unrestricted Charitable Gifts | $40,000 |
| Union Gospel Mission St. Paul, MN | Unrestricted Charitable Gifts | $35,000 |
| Salvation Army St. Paul, MN | Unrestricted Charitable Gifts | $25,000 |
| Love in the Name of Christ - Love Inc Buffalo, MN | Unrestricted Charitable Gifts | $20,000 |
| Love Inc Big Woods Buffalo, MN | Unrestricted Charitable Gifts | $20,000 |
| Special Olympics Minneapolis, MN | Unrestricted Charitable Gifts | $17,500 |
| Sharing & Caring Hands Minneapolis, MN | Unrestricted Charitable Gifts | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2024 | $8,208,818 | $1,185,833 | $570,696 | $450,000 | 29 |
| 2023 | $7,844,738 | $1,570,505 | $1,656,740 | $1,555,500 | 32 |
| 2022 | $7,950,673 | $1,936,643 | $1,029,445 | $921,700 | 30 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,208,818 | $7,844,738 | $7,950,673 |
| Revenue | $1,185,833 | $1,570,505 | $1,936,643 |
| Expenses | $570,696 | $1,656,740 | $1,029,445 |
| Qualifying Distributions | $450,000 | $1,558,676 | $924,948 |
| Net Investment Income | $631,297 | $917,915 | $343,747 |
| Distributable Amount | $495,596 | $437,243 | $412,436 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Robert Hageman as president and director; Michael Hageman as vice president and director; Stacy K O Hageman as treasurer/secretary and director; and Colleen Hageman and Tiani K Hageman as directors.
Hageman Foundation of Hope is led by Robert Hageman, President & Director on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert Hageman
President & Director
On filings since 2020
1 hr/week
No compensation reported
Colleen Hageman
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Michael Hageman
Vice President & Director
On filings since 2020
0.3 hrs/week
No compensation reported
Stacy K. O. Hageman
Treasurer, Secretary & Director
On filings since 2020
0.3 hrs/week
No compensation reported
Tiani K. Hageman
Director
On filings since 2020
0.3 hrs/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.
Contact
Mailing address: 9872 Hart Boulevard 301, Monticello, MN 55362
Phone: (763) 682-2870
Frequently asked questions about Hageman Foundation of Hope
How much does Hageman Foundation of Hope give each year?
Hageman Foundation of Hope gave $450K across 29 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.6M across 32 grants.
What is Hageman Foundation of Hope's typical grant size?
Hageman Foundation of Hope's median grant in 2024 was $5,000, and its average grant was $15,517, across 29 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Hageman Foundation of Hope that year got $1K on average.
Where does Hageman Foundation of Hope give grants?
Hageman Foundation of Hope gives mostly in Minnesota: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Minneapolis, MN (7 grants), Buffalo, MN (6 grants), St. Paul, MN (2 grants) and Arlington, VA (2 grants).
Does Hageman Foundation of Hope give general operating support?
Yes: 100% of Hageman Foundation of Hope's 2024 grants with a stated purpose (29 of 29) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Hageman Foundation of Hope's largest grantees?
Hageman Foundation of Hope's largest 2024 grantees include Hope Academy ($100,000), Buffalo Food Shelf ($60,000) and Monticello Help Center ($60,000), according to its 2024 IRS Form 990-PF. Together they received 49% of its itemized 2024 grant dollars.
How large is Hageman Foundation of Hope?
Hageman Foundation of Hope reported $8.2M in total assets on its 2024 IRS Form 990-PF. It paid out $450K in qualifying distributions that year, against a required minimum of $496K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Hageman Foundation of Hope fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations whose work includes education, food assistance, housing and supportive services, disability inclusion, and health. See mission & focus areas ↑
How do I apply for a grant from Hageman Foundation of Hope?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Hageman Foundation of Hope's EIN?
Hageman Foundation of Hope's EIN (Employer Identification Number) is 20-1700412. IRS Form 990 filing data is available on this page for 2020–2024.
Does Hageman Foundation of Hope 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.
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