The Flag Foundation Inc

Private foundation · Grantmaker Naples, FL EIN: 52-2421896

The Flag Foundation Inc is a private foundation, based in Naples, FL. IRS filing data is available from 2019 through 2024. In 2024, it awarded 9 grants totaling $28K.

The Flag Foundation Inc at a glance

In short: The Flag Foundation Inc gave $28K across 9 grants in 2024 (avg $3K), mostly in Florida. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$27,917
+16.1% vs 2023
Grants made (2024)
9
+125.0% vs 2023
Average grant
$3,102
-48.4% vs 2023
Median grant
$2,000
Primary geography
Florida (88% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Flag Foundation Inc funds

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Artis Naples: $10KArtis Naples$10KHumane Society Naples: $7KHumane Society Naples$7KMayo Clinic: $5KMayo Clinic$5KHealthcare Network of Southwest: $2KHealthcare Network ofSouthwest$2KTunnel to Towers Foundation: $2KTunnel to Towers Foundation$2KAmerican Cancer Society: $1KAmerican Cancer Society$1KGolden Paws Assistance Dogs Inc: $500Golden Paws Assistance DogsInc$500Princeton Club of Southwest Florida: $275Princeton Club of SouthwestFlorida$275Alzheimer's Association: $250Alzheimer's Association$250

The largest 2024 recipient was Artis Naples ($10K). Together the top 9 received $28K.

Grant Size Distribution

35 grants across all recorded years

35<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 35 grants of 35 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Share of 2024 grant dollars across all 9 itemized grants.

Cities

NaplesJacksonvilleMinneapolisPrincetonAtlantaChicagoClearwaterImmokaleeMediaMiamiStaten IslandTopekaWayzata

How The Flag Foundation Inc gives

  • Giving held roughly steady from 2021 to 2024 (+16%). Method
  • In 2024 it paid out well above 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

$0$20K$40K$60K$80K5 grants2019 7 grants2020 8 grants2021 7 grants2022 4 grants2023 9 grants2024

From 2019 to 2024, annual grant giving ranged from $17K (2019) to $74K (2022). In 2024 it made 9 grants totaling $28K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Artis Naples Naples, FLGeneral Operating Support$10,000
Humane Society Naples Naples, FLGeneral Operating Support$6,892
Mayo Clinic Jacksonville, FLGeneral Operating Support$5,000
Healthcare Network of Southwest Naples, FLGeneral Operating Support$2,000
Tunnel to Towers Foundation Staten Island, NYGeneral Operating Support$2,000
American Cancer Society Atlanta, GAGeneral Operating Support$1,000
Golden Paws Assistance Dogs Inc Naples, FLGeneral Operating Support$500
Princeton Club of Southwest Florida Naples, FLGeneral Operating Support$275
Alzheimer's Association Chicago, ILGeneral Operating Support$250
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024—$2,011$30,225$27,9179$28,717—$444
2023$28,214$123$25,765$24,0504$24,938—$2,149
2022$53,856$12$75,694$74,2057$74,950—$4,521
2021$129,538$17$25,421$24,1008——$6,830
2020$154,942$402$36,089$32,2757——$8,550
2019$190,629$26,761$21,447$17,2005—$24,214$9,267

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.

Leadership & Key People

Officers and directors from IRS filings

The Flag Foundation Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Margot Olness

    Secretary

    On filings since 2019

    1 hr/week

    No compensation reported

  • Megan S. Hayes

    Vice President

    On filings since 2019

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Kenneth Murray (2019–2024) — President · Filing note: Deceased 324

Data from IRS Form 990 filings, 2019–2024. "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 The Flag Foundation Inc

How much does The Flag Foundation Inc give each year?

The Flag Foundation Inc gave $28K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $24K across 4 grants.

What is The Flag Foundation Inc's typical grant size?

The Flag Foundation Inc's median grant in 2024 was $2,000, and its average grant was $3,102, across 9 grants on its 2024 IRS Form 990-PF.

Where does The Flag Foundation Inc give grants?

The Flag Foundation Inc gives mostly in Florida: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (7%). The most frequent recipient cities were Naples, FL (5 grants).

Does The Flag Foundation Inc give general operating support?

Yes: 100% of The Flag Foundation Inc's 2024 grants with a stated purpose (9 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are The Flag Foundation Inc's largest grantees?

The Flag Foundation Inc's largest 2024 grantees include Artis Naples ($10,000), Humane Society Naples ($6,892) and Mayo Clinic ($5,000), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.

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 2019–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(2)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS December 12, 2019)
  2. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The Flag Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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