Russell B Hagen Foundation
Russell B Hagen Foundation is a private foundation, based in Lakeland, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 2 grants totaling $121K. Net investment income was $99K.
Russell B Hagen Foundation at a glance
In short: Russell B Hagen Foundation gave $121K across 2 grants in 2025 (avg $61K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $121,444
- +27.8% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $60,722
- -36.1% vs 2024
- Median grant
- $60,722
- Total assets
- $2,218,597
- -0.7% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Russell B Hagen Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was NHCC Foundation ($120K). Together the top 2 received $121K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Russell B Hagen Foundation gives
- Giving grew 69% from 2022 to 2025. Method
- In 2025 it paid out 140% 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 2025, annual grant giving ranged from $30K (2021) to $121K (2025). In 2025 it made 2 grants totaling $121K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NHCC Foundation Brooklyn Park, MN | General Fund | $120,000 |
| University of Minnesota Foundation Minneapolis, MN | General Fund | $1,444 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,218,597 | $150,138 | $166,745 | $121,444 | 2 | $130,444 | $98,921 | $92,887 |
| 2024 | $2,235,204 | $208,454 | $115,258 | $95,000 | 1 | $107,000 | $135,132 | $86,594 |
| 2023 | $2,142,008 | $153,933 | $77,210 | $40,000 | 1 | $52,000 | $112,731 | $78,621 |
| 2022 | $2,065,285 | $184,343 | $120,821 | $72,000 | 2 | $84,000 | $98,902 | $83,323 |
| 2021 | $2,001,763 | $107,437 | $55,169 | $30,000 | 1 | $39,000 | $81,201 | $95,023 |
| 2020 | $1,949,495 | $117,776 | $60,272 | $32,500 | 1 | — | $88,643 | $81,042 |
Under IRS private-foundation payout rules, Russell B Hagen Foundation reported a distributable amount of $93K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Russell B Hagen Foundation is led by Russell B. Hagen, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Russell B. Hagen
President & Treasurer
On filings since 2020
4 hrs/week
No compensation reported
Alexander L. Hagen
Officer
On filings since 2020
1 hr/week
No compensation reported
Erin G. Hubbard
Officer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Russell B Hagen Foundation
How much does Russell B Hagen Foundation give each year?
Russell B Hagen Foundation gave $121K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 1 grant.
How large is Russell B Hagen Foundation?
Russell B Hagen Foundation reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $130K in qualifying distributions that year, against a required minimum of $93K (roughly 5% of its investment assets).
Where does Russell B Hagen Foundation operate?
Russell B Hagen Foundation has awarded grants in Minnesota.
What is Russell B Hagen Foundation's EIN?
Russell B Hagen Foundation's EIN (Employer Identification Number) is 41-1941194. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 21, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 22, 2026)
- IRS filings on file for fiscal years 2020–2024
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