Hageman Foundation of Hope is a private, family-led foundation based in Monticello, Minnesota. Established in 2004 and granted tax-exempt status in January 2006, the foundation operates as a 501(c)(3) organization dedicated to philanthropic giving across multiple focus areas including education, human services, and food assistance.
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
Mission & Focus Areas
The foundation's primary giving focuses on:
- Education — particularly elementary and secondary education
- Human Services — including basic and emergency aid
- Food Assistance — food banks and food aid programs
- Christian Education — giving primarily to Christian schools
Grantmaking
The foundation does not accept unsolicited applications. Grants are made on an invite-only basis.
Grant Range
$5,000
How to Apply
**
Ready to take the next step with Hageman Foundation of Hope?
Geographic Focus
Where this funder awards grants
The foundation funds organizations across multiple U.S. states, including:
Arizona, California, Colorado, Florida, Illinois, Kansas, Maryland, Minnesota, Mississippi, North Carolina, New York, South Dakota, Virginia, and Wisconsin.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $8.21 million
- Total Revenue: $1.19 million
- Total Expenses: $571,000
- Total Liabilities: $0
Historical Asset Growth: The foundation has experienced significant growth since its establishment, with assets increasing from approximately $1.2 million in 2012 to over $8.2 million by 2024.
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
150 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Robert Hageman — President and Director
- Colleen Hageman — Director
- Michael Hageman — Vice President and Director
- Stacy K O Hageman — Treasurer/Secretary and Director
- Tiani K Hageman — Director
All board members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT HAGEMAN | PRESIDENT, DIRECTOR | 1 | — |
| COLLEEN HAGEMAN | DIRECTOR | 0.25 | — |
| MICHAEL HAGEMAN | VICE PRESIDENT, DIRECTOR | 0.25 | — |
| STACY K O HAGEMAN | TREASURER/SECRETARY, DIRECTOR | 0.25 | — |
| TIANI K HAGEMAN | DIRECTOR | 0.25 | — |
Contact Information
Address: 9872 Hart Blvd Unit 301, Monticello, MN 55362-7006
Phone: 763-682-2870
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Hageman Foundation of Hope on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities