The Flag Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. IRS filing data is available from 2020 through 2024. In 2024, it awarded 9 grants totaling $28K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$28K
+16.1% YoY
Grant Count
9
+125.0% YoY
Avg Grant Size
$3K
-48.4% YoY
Under IRS private-foundation payout rules, The Flag Foundation Inc reported a distributable amount of $444 for 2024 — the minimum it must pay out in qualifying distributions.
About The Flag Foundation Inc
Based on IRS filings
The Flag Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. IRS filing data is available from 2020 through 2024. In 2024, it awarded 9 grants totaling $28K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $28,214 | $53,856 |
| Revenue | $2,011 | $123 | $12 |
| Expenses | $30,225 | $25,765 | $75,694 |
| Qualifying Distributions | $28,717 | $24,938 | $74,950 |
| Net Investment Income | — | — | — |
| Distributable Amount | $444 | $2,149 | $4,521 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Artis Naples ($10,000), Humane Society Naples ($6,892), Mayo Clinic ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARTIS NAPLES NAPLES, FL | GENERAL OPERATING SUPPORT | $10,000 |
| ALZHEIMER'S ASSOCIATION CHICAGO, IL | GENERAL OPERATING SUPPORT | $250 |
| HUMANE SOCIETY NAPLES NAPLES, FL | GENERAL OPERATING SUPPORT | $6,892 |
| MAYO CLINIC JACKSONVILLE, FL | GENERAL OPERATING SUPPORT | $5,000 |
| PRINCETON CLUB OF SOUTHWEST FLORIDA NAPLES, FL | GENERAL OPERATING SUPPORT | $275 |
| AMERICAN CANCER SOCIETY ATLANTA, GA | GENERAL OPERATING SUPPORT | $1,000 |
| GOLDEN PAWS ASSISTANCE DOGS INC NAPLES, FL | GENERAL OPERATING SUPPORT | $500 |
| HEALTHCARE NETWORK OF SOUTHWEST NAPLES, FL | GENERAL OPERATING SUPPORT | $2,000 |
| TUNNEL TO TOWERS FOUNDATION STATEN ISLAND, NY | GENERAL OPERATING SUPPORT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH MURRAY DECEASED 324 | PRESIDENT | 1 | — |
| MEGAN S HAYES | VICE PRESIDENT | 1 | — |
| MARGOT OLNESS | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Flag Foundation Inc?
The Flag Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. It holds — in total assets as of 2024.
Where does The Flag Foundation Inc operate?
The Flag Foundation Inc has awarded grants in Florida, Georgia, Illinois, Kansas, Minnesota, New Jersey, New York, Pennsylvania.
What size grants does The Flag Foundation Inc award?
In 2024, The Flag Foundation Inc awarded 9 grants totaling $28K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Flag Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Flag Foundation Inc reported a distributable amount of $444 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Flag Foundation Inc's EIN?
The Flag Foundation Inc's EIN (Employer Identification Number) is 52-2421896. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Flag Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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