The Flag Foundation Inc
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
The largest 2024 recipient was Artis Naples ($10K). Together the top 9 received $28K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
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
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
| Recipient | Purpose | Amount |
|---|---|---|
| Artis Naples Naples, FL | General Operating Support | $10,000 |
| Humane Society Naples Naples, FL | General Operating Support | $6,892 |
| Mayo Clinic Jacksonville, FL | General Operating Support | $5,000 |
| Healthcare Network of Southwest Naples, FL | General Operating Support | $2,000 |
| Tunnel to Towers Foundation Staten Island, NY | General Operating Support | $2,000 |
| American Cancer Society Atlanta, GA | General Operating Support | $1,000 |
| Golden Paws Assistance Dogs Inc Naples, FL | General Operating Support | $500 |
| Princeton Club of Southwest Florida Naples, FL | General Operating Support | $275 |
| Alzheimer's Association Chicago, IL | General Operating Support | $250 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $2,011 | $30,225 | $27,917 | 9 | $28,717 | — | $444 |
| 2023 | $28,214 | $123 | $25,765 | $24,050 | 4 | $24,938 | — | $2,149 |
| 2022 | $53,856 | $12 | $75,694 | $74,205 | 7 | $74,950 | — | $4,521 |
| 2021 | $129,538 | $17 | $25,421 | $24,100 | 8 | — | — | $6,830 |
| 2020 | $154,942 | $402 | $36,089 | $32,275 | 7 | — | — | $8,550 |
| 2019 | $190,629 | $26,761 | $21,447 | $17,200 | 5 | — | $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
- Added Form 990-PF for fiscal year 2019 (received by the IRS December 12, 2019)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Flag Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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