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THE FLAG ART FOUNDATION
NEW YORK, NY · EIN 260273135 · Form 990PF · FY2024 · NTEE T23 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$2.4M
expenses
$2.0M
net assets
$24.5M
employees
—
profile · synthesized from sources

The Flag Art Foundation is a private foundation based in New York that supports arts, cultural, and educational initiatives through grantmaking. It funds a range of nonprofit organizations, with a focus on art institutions and exhibitions, as well as select social and public benefit programs. The foundation does not appear to run direct programs, instead channeling resources through financial support to other exempt organizations.

named programs · 2 · from sources

What they call their work

Art Exhibition Support
Provides funding for exhibitions featuring artists such as Andy Goldsworthy through grants to qualifying cultural institutions
Institutional Grantmaking
Supports museums, art schools, and cultural nonprofits in New York with general and event-specific funding
activities · 4 groups

What they do

  • Art Museum Funding and Support 1 activity
    • Funding art exhibitions and cultural programming
      Funds organizations such as The Studio Museum in Harlem and the American Patrons of the National Library and Galleries to support art exhibitions and transformative cultural programming featuring artists like Andy Goldsworthy.
  • Benefit Events for Arts and Culture 1 activity
    • Funding arts education and school-related benefit events
      Funds institutions including the New York Academy of Art and 92nd Street Y Nursery School to support benefit events such as the Tribeca Ball 2024 and "Take Home a Nude" 2024, which support arts education and school operations.
  • General Operating Support Grants 1 activity
    • Funding general operations of arts, public space, and memorial organizations
      Supports the exempt purposes of organizations including the Brooklyn Institute of Arts and Sciences, The Trust for Public Land, the New York City AIDS Memorial, and Skowhegan School of Painting and Sculpture through unrestricted or general operational grants.
  • Charity Event Organization 1 activity
    • Funding nonprofit benefit events and galas
      Provides financial support to nonprofit organizations such as Avenues for Justice Inc and New York Road Runners Inc for their benefit events, including the Baer Faxt Golf Invitational and the Gridiron Classic.
financials · form 990PF · fy2024
revenue
Total revenue$2.38M
Contributions & grants——
Program service revenue——
Investment income$495K21%
Other revenue$1.86M
expenses
Total expenses$2.03M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$208K
balance sheet
Total assets$24.61M
Cash—
Investments—
Liabilities—
Net assets$24.47M
4 years on record · 2020–2024 · YoY revenue +120.0%
leadership · form 990 part vii · fy2024

Who runs it

board members · 1
  • LAURA TWERSKY — DIRECTOR
relationships · 10

Who they work with

  • 92ND STREET Y NURSERY SCHOOL Partner — Funded for its annual benefit corporate sponsorship.
  • AMERICAN PATRONS OF THE NATIONAL LIBRARY AND GALLERIES Partner — Funded to support an art exhibition featuring Andy Goldsworthy.
  • AVENUES FOR JUSTICE INC Partner — Funded for the 14th Annual Baer Faxt Golf Invitational.
  • NEW YORK ACADEMY OF ART Partner — Funded to support the Tribeca Ball 2024 and the "Take Home a Nude" 2024 event.
  • NEW YORK CITY AIDS MEMORIAL Partner — Funded for its exempt purposes.
  • NEW YORK ROAD RUNNERS INC Partner — Funded for the 2024 Gridiron Classic.
  • SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE Partner — Funded for its exempt purposes.
  • THE BROOKLYN INSTITUTE OF ARTS AND SCIENCES Partner — Funded for its exempt purposes.
  • THE STUDIO MUSEUM IN HARLEM Partner — Funded to create transformative programming and support visionary artists, and for its exempt purposes.
  • THE TRUST FOR PUBLIC LAND Partner — Funded for its exempt purposes.