High Flight Foundation is funded through tax-exempt contributions from individuals, corporations and foundations. The Internal Revenue Service classifies High Flight Foundation as a non-profit, tax exempt, foundation under section 501(c)3 of the Internal Revenue Code of 1954 and subsequent rulings have confirmed High Flight Foundation's status as a non-private foundation of the type described in sections 170 (b) (1) (A) (vi) and 509(a)1.