Hillsboro Foundation
To aid the city of el dorado and South Arkansas college by philanthropic gifts that support the construction of event and sports venues as well as providing operational funds to support same. The goal is to improve the community by providing a more robust campus life and educational experience for the students of South Arkansas college.
Hillsboro Foundation at a glance
In short: Hillsboro Foundation gave $3.3M across 1 grant in 2025 (avg $3.3M), mostly in Arkansas. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $3,286,626
- +191.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $3,286,626
- +191.6% vs 2024
- Median grant
- $3,286,626
- Total assets
- $6,193,437
- -32.8% vs 2024
- Primary geography
- Arkansas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Hillsboro Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was South Arkansas College ($3.3M).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $1–5M range: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $1.1M (2024) to $3.3M (2025). In 2025 it made 1 grant totaling $3.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| South Arkansas College El Dorado, AR | Build Facilities | $3,286,626 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $6,193,437 | $285,025 | $3,301,402 | $3,286,626 | 1 | $285,025 |
| 2024 | $9,209,814 | $7,863,855 | $1,154,608 | $1,127,000 | 1 | $363,855 |
| 2023 | $2,500,567 | $2,500,567 | — | — | — | $567 |
About Hillsboro Foundation
Based on IRS filings
Hillsboro Foundation is a public charity focused on Recreation & Sports, based in El Dorado, AR. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $6.2M in total assets. In 2025, it awarded 1 grant totaling $3.3M. Net investment income was $285K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Hillsboro Foundation is led by Matthew J. Shepherd, President on every filing since 2023; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Matthew J. Shepherd
President
On filings since 2023
1 hr/week
No compensation reported
Claiborne P. Deming
Vice President
On filings since 2023
1 hr/week
No compensation reported
Steve Cousins
Secretary
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Hillsboro Foundation
How much does Hillsboro Foundation give each year?
Hillsboro Foundation gave $3.3M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.1M across 1 grant.
How large is Hillsboro Foundation?
Hillsboro Foundation reported $6.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $285K.
What is Hillsboro Foundation?
Hillsboro Foundation is a public charity focused on Recreation & Sports, based in El Dorado, AR. It holds $6.2M in total assets as of 2025.
Where does Hillsboro Foundation operate?
Hillsboro Foundation has awarded grants in Arkansas.
What is Hillsboro Foundation's EIN?
Hillsboro Foundation's EIN (Employer Identification Number) is 93-4778155. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS March 10, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 8, 2026)
Live grants for the work Hillsboro Foundation funds
Recreation & Sports Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Hillsboro Foundation's focus areas in our free grants database
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Hillsboro Foundation down — hundreds of funders to go?