The Flag Foundation for Excellence in
The FLAG Foundation for Excellence in Education is a 501(c)(3) nonprofit organization based in New York, NY. Established in 2020, the foundation is dedicated to recognizing and celebrating extraordinary public school teachers who inspire learning through creativity, passion, and commitment.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$101K
+135.8% YoY
Annual Giving
$410K
+3.7% YoY
Grant Count
40
-34.4% YoY
Avg Grant Size
$10K
+58.1% YoY
Mission & Focus Areas
The foundation's primary mission is to recognize and celebrate outstanding public school teachers who inspire learning through creativity, passion, and commitment. The organization operates The FLAG Award for Teaching Excellence program, which honors teachers who challenge and inspire students of all abilities, reach beyond the classroom to make positive community impact, demonstrate tireless dedication to education, recognize potential in every student, serve as leaders and role models, and engage in continuous professional growth and development.
Grantmaking
The FLAG Award for Teaching Excellence provides significant financial recognition to winning teachers:
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Geographic Focus
Where this funder awards grants
The foundation focuses on New York City, with awards distributed across the five boroughs (Manhattan, Brooklyn, Queens, The Bronx, and Staten Island), plus one additional award for 3rd-5th grade teachers from any borough.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Summary:
- Revenue: $550,000
- Expenses: $690,000
- Total Assets: $43,000
- Total Liabilities: $4,680
2020 Financial Summary:
- Total grants and contributions paid: $190,000
- Program expenses: $122,396
The Fuhrman Family Foundation, a related entity, provided $780,000 to The FLAG Foundation for Excellence in Education in 2024 for operations related to the FLAG Award for Teaching Excellence program.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $101,448 | $43,029 | $180,202 |
| Revenue | $780,000 | $550,000 | $600,000 |
| Expenses | $717,456 | $690,346 | $573,541 |
| Qualifying Distributions | $717,456 | $690,346 | $573,541 |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
236 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Donors Chooseorg ($130,000), Aaron Lober ($25,000), Alicia Marcinkowski ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AARON LOBER FOREST HILLS, NY | FLAG AWARD 2024 | $25,000 |
| ALICIA LUNA BRONX, NY | FLAG AWARD 2024 | $1,000 |
| ALICIA MARCINKOWSKI BROOKLYN, NY | FLAG AWARD 2024 | $25,000 |
| AMY HAMBERRY BROOKLYN, NY | FLAG AWARD 2024 | $1,000 |
| AMY MUSICK NEW YORK, NY | FLAG AWARD 2024 | $1,000 |
| CAPRICE ABRAHAM BRONX, NY | FLAG AWARD 2024 | $1,000 |
| CASSANDRA LAUGEN MASSAPEQUA, NY | FLAG AWARD 2024 | $1,000 |
| CHRISTINA IANNACONE NEW YORK, NY | FLAG AWARD 2024 | $10,000 |
| DANA-FARBER CANCER INSTITUTE BOSTON, MA | TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $2,500 |
| DONORS CHOOSEORG NEW YORK, NY | TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $130,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Glenn Fuhrman - Founder and Chair/Treasurer. Co-Founder and co-Managing Partner of Tru Arrow Partners; Founder and CEO of Virtru Investment Partners. Trustee of New York-Presbyterian Hospital, The Museum of Modern Art, and The TATE Americas Foundation; Board member of The Institute of Contemporary Art in Philadelphia, the 92nd Street Y, and the Federal Enforcement Homeland Security Foundation. Founded The FLAG Art Foundation in 2007.
Amanda Fuhrman - Founder and Secretary. Former non-practicing attorney with Simpson Thacher & Bartlett LLP specializing in Trust and Estates. Previously served as Deputy Executive Director of Millennium Promise. Currently a Trustee of the Brooklyn Museum.
Laura Twersky - Co-President and Co-Executive Director
Risa Daniels - Co-President and Co-Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GLENN FUHRMAN | CHAIR/TREASURER | 1 | — |
| AMANDA FUHRMAN | SECRETARY | 1 | — |
| LAURA TWERSKY | CO-PRESIDENT/CO-EXECUTIVE DIRECTOR | 20 | $75,000 |
| RISA DANIELS | CO-PRESIDENT/CO-EXECUTIVE DIRECTOR | 20 | $95,171 |
Recent News & Activity
Recent developments and announcements
Recent award recipients have been recognized through media coverage, including public school teachers from the Bronx and Brooklyn who received the $25,000 grand prize awards for teaching excellence.
Bronx public school teacher surprised with $25,000 FLAG Award for ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Flag Foundation for Excellence in fund?
The foundation's primary mission is to recognize and celebrate outstanding public school teachers who inspire learning through creativity, passion, and commitment. The organization operates The FLAG Award for Teaching Excellence program, which honors teachers who challenge and inspire students of all abilities, reach beyond the classroom to make positive community impact, demonstrate tireless dedication to education, recognize potential in every student, serve as leaders and role models, and en…
How do I apply for a grant from The Flag Foundation for Excellence in?
**Award Structure:** The FLAG Award for Teaching Excellence provides significant financial recognition to winning teachers: • **Grand Prize Winners**: One winner from each of the five NYC boroughs, plus one 3rd-5th grade teacher from any borough receives $25,000 in unrestricted cash • **Finalists**: Each finalist receives $10,000 • **School Support**: Winning teachers' schools receive $10,000 for arts-based initiatives; finalist schools receive $5,000 for arts-based initiatives Award selection …
Where does The Flag Foundation for Excellence in make grants?
The foundation focuses on New York City, with awards distributed across the five boroughs (Manhattan, Brooklyn, Queens, The Bronx, and Staten Island), plus one additional award for 3rd-5th grade teachers from any borough.
What size grants does The Flag Foundation for Excellence in award?
In 2024, The Flag Foundation for Excellence in awarded 40 grants totaling $410K — an average of about $10K per grant, based on its IRS Form 990 filings.
What is The Flag Foundation for Excellence in's EIN?
The Flag Foundation for Excellence in's EIN (Employer Identification Number) is 84-2934959. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Flag Foundation for Excellence in'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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