Hageman Foundation Of Hope

Organization Overview

Hageman Foundation Of Hope is located in Monticello, MN. The organization was established in 2006. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hageman Foundation Of Hope is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Hageman Foundation Of Hope generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $815.1k during the year ending 12/2021. While expenses have increased by 34.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Hageman Foundation Of Hope has awarded 59 individual grants totaling $1,159,348. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $2,214,448
Interest on Savings $0
Dividends & Interest $296,644
Net Rental Income$0
Net Gain on Sale of Assets $742,478
Capital Gain Net Income $742,478
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,821
Total Revenue $3,255,391

Grants Awarded

Over the last fiscal year, Hageman Foundation Of Hope has awarded $720,700 in support to 30 organizations.

Grant RecipientAmount

SALVATION ARMY

PURPOSE: GENERAL CHARITABLE PURPOSES

$96,000

Minneapolis, MN

PURPOSE: GENERAL CHARITABLE PURPOSES

$75,000

MN ADULTTEEN CHALLENGE

PURPOSE: GENERAL CHARITABLE PURPOSES

$74,000

ST FRANCIS XAVIER CHURCH

PURPOSE: GENERAL CHARITABLE PURPOSES

$56,150

Corcoran, MN

PURPOSE: GENERAL CHARITABLE PURPOSES

$50,000

BUFFALO FOOD SHELF

PURPOSE: GENERAL CHARITABLE PURPOSES

$46,000
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