The Ron and Diane Fagen Family
The Ron and Diane Fagen Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GRANITE FALLS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 13 grants totaling $107K. Net investment income was $68K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-1.8% YoY
Annual Giving
$107K
-10.8% YoY
Grant Count
13
-7.1% YoY
Avg Grant Size
$8K
-4.0% YoY
Under IRS private-foundation payout rules, The Ron and Diane Fagen Family reported a distributable amount of $113K for 2024 — the minimum it must pay out in qualifying distributions.
About The Ron and Diane Fagen Family
Based on IRS filings
The Ron and Diane Fagen Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GRANITE FALLS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 13 grants totaling $107K. Net investment income was $68K.
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 | $2,262,474 | $2,304,023 | $2,412,806 |
| Revenue | $90,765 | $35,122 | $63,545 |
| Expenses | $132,314 | $144,903 | $151,805 |
| Qualifying Distributions | $109,662 | $122,662 | $135,000 |
| Net Investment Income | $68,330 | $40,380 | $46,740 |
| Distributable Amount | $112,860 | $111,495 | $120,059 |
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Red Cross ($50,000), Shriners Children's Twin Cities ($10,000), St Jude Children's Research Hospital ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS WASHINGTON, DC | GENERAL SUPPORT | $50,000 |
| GRANITE FALLS FIRE DEPARTMENT GRANITE FALLS, MN | GENERAL SUPPORT | $2,500 |
| GRANITE FALLS LIVING AT HOMESBLOCK NURSES GRANITE FALLS, MN | GENERAL SUPPORT | $2,000 |
| GRANITE FALLS POLICE DEPARTMENT GRANITE FALLS, MN | GENERAL SUPPORT | $2,500 |
| HAWK CREEK ANIMAL SHELTER WILLMAR, MN | GENERAL SUPPORT | $5,000 |
| MINNESOTAN'S MILITARY APPRECIATION FUND MINNEAPOLIS, MN | GENERAL SUPPORT | $5,000 |
| NEIGHBORS UNITED RESOURCE CENTER GOLDEN VALLEY, MN | GENERAL SUPPORT | $1,000 |
| SHRINERS CHILDREN'S TWIN CITIES WOODBURY, MN | GENERAL SUPPORT | $10,000 |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TN | GENERAL SUPPORT | $10,000 |
| WOUNDED WARRIOR PROJECT ATLANTA, GA | GENERAL SUPPORT | $9,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANE FAGEN | PRESIDENT | 1 | — |
| RON FAGEN | VICE PRESIDENT/TREASURER | 1 | — |
| EVAN FAGEN | DIRECTOR | 1 | — |
| AARON FAGEN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Ron and Diane Fagen Family?
The Ron and Diane Fagen Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GRANITE FALLS, MN. It holds $2.3M in total assets as of 2024.
How large is The Ron and Diane Fagen Family?
As of 2024, The Ron and Diane Fagen Family holds $2.3M in total assets with $91K in annual revenue. It awarded 13 grants totaling $107K in 2024.
Where does The Ron and Diane Fagen Family operate?
The Ron and Diane Fagen Family has awarded grants in California, District of Columbia, Georgia, Iowa, Minnesota, New York, South Dakota, Tennessee.
What size grants does The Ron and Diane Fagen Family award?
In 2024, The Ron and Diane Fagen Family awarded 13 grants totaling $107K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Ron and Diane Fagen Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ron and Diane Fagen Family reported a distributable amount of $113K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Ron and Diane Fagen Family's EIN?
The Ron and Diane Fagen Family's EIN (Employer Identification Number) is 20-2019581. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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