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
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.
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
**
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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
Among its reported 2024 grants, the largest include Hope Academy ($100,000), Buffalo Food Shelf ($60,000), Monticello Help Center ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMERS ASSOCIATION CLARKSBURG, MD | UNRESTRICTED CHARITABLE GIFTS | $2,000 |
| AMERICAN CANCER SOCIETY MINNEAPOLIS, MN | UNRESTRICTED CHARITABLE GIFTS | $2,000 |
| AMERICAN KIDNEY FUND CHICAGO, IL | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| AMERICAN RED CROSS MILWAUKEE, WI | UNRESTRICTED CHARITABLE GIFTS | $2,000 |
| BISON FISHING FOREVER BUFFALO, MN | UNRESTRICTED CHARITABLE GIFTS | $1,000 |
| BUFFALO FOOD SHELF BUFFALO, MN | UNRESTRICTED CHARITABLE GIFTS | $60,000 |
| FAITH IN ACTION BECKER, MN | UNRESTRICTED CHARITABLE GIFTS | $40,000 |
| FR TOM RAYAR HANDS OF HOPE BUFFALO, MN | UNRESTRICTED CHARITABLE GIFTS | $12,000 |
| HOPE ACADEMY MINNEAPOLIS, MN | UNRESTRICTED CHARITABLE GIFTS | $100,000 |
| LAKESIDE ACADEMY BUFFALO, MN | UNRESTRICTED CHARITABLE GIFTS | $5,000 |
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
Frequently Asked Questions
What does Hageman Foundation of Hope fund?
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
How do I apply for a grant from Hageman Foundation of Hope?
**Grant Activity:** • Makes approximately 29-31 grants annually • Median grant size: $5,000 • Grant range: $1,000 to $600,000 • Total annual giving: approximately $450,000 to $1.6 million (varies by year) **Recent Grant Examples (2024):** • Hope Academy: $100,000 • The Buffalo Food Shelf Council: $60,000 • Great River Faith in Action: $40,000 **Application Process:** The foundation does not accept unsolicited applications. Grants are made on an invite-only basis.
Where does Hageman Foundation of Hope make 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.
What size grants does Hageman Foundation of Hope award?
In 2024, Hageman Foundation of Hope awarded 29 grants totaling $450K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Hageman Foundation of Hope required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hageman Foundation of Hope reported a distributable amount of $496K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Hageman Foundation of Hope's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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