Hillswood Foundation
Hillswood Foundation is a private foundation, based in Roseville, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.7M in total assets. In 2025, it awarded 8 grants totaling $125K. Net investment income was $245K.
Hillswood Foundation at a glance
In short: Hillswood Foundation gave $125K across 8 grants in 2025 (avg $16K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $125,000
- -26.2% vs 2024
- Grants made (2025)
- 8
- -11.1% vs 2024
- Average grant
- $15,625
- -16.9% vs 2024
- Median grant
- $13,500
- Total assets
- $2,723,828
- +3.7% vs 2024
- Primary geography
- Minnesota (54% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Hillswood Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Boys & Girls Clubs of the Twin Cities ($34K). Together the top 8 received $125K.
Grant Size Distribution
53 grants across all recorded years
The most common grant size was under $50K: 47 grants of 53 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Hillswood Foundation gives
- Giving fell 69% from 2022 to 2025. Method
- In 2025 it paid out 78% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $125K (2025) to $400K (2022). In 2025 it made 8 grants totaling $125K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Clubs of the Twin Cities Saint Paul, MN | Unrestricted General | $34,000 |
| Indiana Historical Society Indianapolis, IN | Unrestricted General | $25,000 |
| Sunvalley Summer Symphony Music Festival Ketchum, ID | Unrestricted General | $17,500 |
| National Multiple Sclerosis Society New York, NY | Unrestricted General | $15,000 |
| Feed My Starving Children Coon Rapids, MN | Unrestricted General | $12,000 |
| Books for Africa Inc Saint Paul, MN | Unrestricted General | $7,500 |
| Timber Bay - Youth Investment Fdn Medina, MN | Unrestricted General | $7,000 |
| Beyond Our Door Hopkins, MN | Unrestricted General | $7,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,723,828 | $261,973 | $156,422 | $125,000 | 8 | $135,201 | $244,551 | $173,443 |
| 2024 | $2,626,733 | $230,164 | $196,988 | $169,300 | 9 | $179,245 | $213,632 | $170,633 |
| 2023 | $2,592,502 | $121,651 | $404,904 | $381,500 | 10 | $390,522 | $103,325 | $163,213 |
| 2022 | $2,874,382 | $75,796 | $433,948 | $399,500 | 13 | $411,373 | $70,230 | $182,992 |
| 2021 | $3,235,304 | $388,880 | $435,123 | $399,500 | 13 | $412,437 | $370,024 | $205,386 |
| 2020 | $3,287,159 | $283,457 | $300,546 | $271,000 | 11 | — | $265,614 | $184,485 |
| 2019 | $3,306,902 | $153,487 | $207,750 | $175,000 | 9 | — | $133,792 | $187,209 |
Under IRS private-foundation payout rules, Hillswood Foundation reported a distributable amount of $173K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hillswood Foundation is led by Thomas E. Emison, President since 2023 (on filings since 2019); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Thomas E. Emison
President
Secretary → President, 2023
On filings since 2019
5 hrs/week
No compensation reported
Jane B. Larson Emison
Director
President → Director, 2023
On filings since 2019
6 hrs/week
No compensation reported
William A. Emison
Director
Treasurer → Director, 2023
On filings since 2019
5 hrs/week
No compensation reported
John W. Emison
Treasurer
On filings since 2023
5 hrs/week
No compensation reported
Nani Stoick
Secretary
On filings since 2023
5 hrs/week
No compensation reported
Former officers (2)
- Former: Catherine Emison Stoick (2019–2022) — Director
- Former: Elizabeth A. Emison (2019–2022) — Director
Data from IRS Form 990 filings, 2019–2025. "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 Hillswood Foundation
How much does Hillswood Foundation give each year?
Hillswood Foundation gave $125K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $169K across 9 grants.
What is Hillswood Foundation's typical grant size?
Hillswood Foundation's median grant in 2025 was $13,500, and its average grant was $15,625, across 8 grants on its 2025 IRS Form 990-PF.
Where does Hillswood Foundation give grants?
Hillswood Foundation gives mostly in Minnesota: 54% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Indiana (20%) and Idaho (14%). The most frequent recipient cities were Saint Paul, MN (2 grants).
Does Hillswood Foundation give general operating support?
Yes: 100% of Hillswood Foundation's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Hillswood Foundation's largest grantees?
Hillswood Foundation's largest 2025 grantees include Boys & Girls Clubs of the Twin Cities ($34,000), Indiana Historical Society ($25,000) and Sunvalley Summer Symphony Music Festival ($17,500), according to its 2025 IRS Form 990-PF. Together they received 61% of its itemized 2025 grant dollars.
How large is Hillswood Foundation?
Hillswood Foundation reported $2.7M in total assets on its 2025 IRS Form 990-PF. It paid out $135K in qualifying distributions that year, against a required minimum of $173K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Hillswood Foundation's EIN?
Hillswood Foundation's EIN (Employer Identification Number) is 41-1948564. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 30, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 28, 2022)
- Added Form 990-PF for fiscal year 2022 (received by the IRS May 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 17, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 26, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Hillswood Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Hillswood Foundation's focus areas in our free grants database
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