Russell B Hagen Foundation

Organization Overview

Russell B Hagen Foundation is located in Lakeland, MN. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, 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. Russell B Hagen Foundation 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, Russell B Hagen Foundation generated $107.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $55.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Russell B Hagen Foundation has awarded 31 individual grants totaling $1,411,640. 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 $9,289
Interest on Savings $0
Dividends & Interest $92,793
Net Rental Income$0
Net Gain on Sale of Assets -$2,099
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $7,454
Total Revenue $107,437

Grants Awarded

Over the last fiscal year, Russell B Hagen Foundation has awarded $210,000 in support to 3 organizations.

Grant RecipientAmount

NHCC FOUNDATION

PURPOSE: GENERAL FUND

$190,000

WIN-E-MAC ALUMNI ASSOCIATION

PURPOSE: GENERAL FUND

$15,000

KINNIC FALLS

PURPOSE: GENERAL FUND

$5,000
View Grant Profile

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