Project Oasis
Project Oasis is a private foundation focused on Housing & Shelter, based in Portland, OR. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.2M in total assets. In 2025, it awarded 3 grants totaling $128K.
Project Oasis at a glance
In short: Project Oasis gave $128K across 3 grants in 2025 (avg $43K), mostly in Oregon. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $128,315
- +51.3% vs 2024
- Grants made (2025)
- 3
- -70.0% vs 2024
- Average grant
- $42,772
- +404.5% vs 2024
- Median grant
- $25,315
- Total assets
- $3,240,998
- -6.8% vs 2024
- Primary geography
- Oregon (100% 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 Project Oasis funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was National Christian Foundation ($78K). Together the top 3 received $128K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 20 grants of 24 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Project Oasis gives
- Giving fell 35% from 2022 to 2025. Method
- In 2025 it paid out 97% 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 2022 to 2025, annual grant giving ranged from $85K (2024) to $198K (2022). In 2025 it made 3 grants totaling $128K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Christian Foundation Portland, OR | Annual Donation | $78,000 |
| Mi CASA International Lake Oswego, OR | Support of Ongoing Services | $25,315 |
| Little Bird Childcare McMinnville, OR | Ongoing Support and Maintenance of Childcare Center | $25,000 |
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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 | $3,240,998 | $30,000 | $268,651 | $128,315 | 3 | $128,315 | — | $132,472 |
| 2024 | $3,477,301 | $32,500 | $194,887 | $84,787 | 10 | $84,787 | — | $141,043 |
| 2023 | $3,639,688 | $40,500 | $270,860 | $159,156 | 9 | $159,156 | — | $152,719 |
| 2022 | $3,860,619 | $32,000 | $269,588 | $198,202 | 2 | $226,202 | — | $194,104 |
| 2021 | $4,098,298 | $2,679,303 | $180,720 | — | — | — | $2,524,226 | — |
| 2020 | $1,593,724 | $235,696 | $166,486 | — | — | — | $69,210 | — |
Under IRS private-foundation payout rules, Project Oasis reported a distributable amount of $132K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Project Oasis is led by John William Spencer, President on every filing since 2022; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
John William Spencer
President
On filings since 2022
No compensation reported
Bruce Frydenlund
Director
On filings since 2022
No compensation reported
Laura Michelle Murphy
Treasurer & Secretary
Executive Director → Treasurer & Secretary, 2022
On filings since 2020
10 hrs/week
$63K (2023) → $63K (2025)
Former officers (2)
- Former: Alison Plummer (2020–2021) — Secretary
- Former: Loretta McFarland (2020–2021) — Treasurer
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $63K, to Laura Michelle Murphy (Treasurer and Secretary).
Frequently asked questions about Project Oasis
How much does Project Oasis give each year?
Project Oasis gave $128K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $85K across 10 grants.
What is Project Oasis's typical grant size?
Project Oasis's median grant in 2025 was $25,315, and its average grant was $42,772, across 3 grants on its 2025 IRS Form 990-PF.
Where does Project Oasis give grants?
Project Oasis gives mostly in Oregon: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Project Oasis give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Project Oasis's 2025 IRS Form 990-PF were described as general or operating support.
How large is Project Oasis?
Project Oasis reported $3.2M in total assets on its 2025 IRS Form 990-PF. It paid out $128K in qualifying distributions that year, against a required minimum of $132K (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 Project Oasis?
Project Oasis is a private foundation focused on Housing & Shelter, based in Portland, OR. It holds $3.2M in total assets as of 2025.
What is Project Oasis's EIN?
Project Oasis's EIN (Employer Identification Number) is 45-2851834. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 8, 2025)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 15, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 16, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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