Skywater Foundation Fund Inc

BLOOMINGTON, MN EIN: 92-0397650

Skywater Foundation Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BLOOMINGTON, MN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $152K in total assets. In 2024, it awarded 1 grants totaling $98K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$152K

+58.3% YoY

Annual Giving

$98K

-1.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$98K

-1.6% YoY

Under IRS private-foundation payout rules, Skywater Foundation Fund Inc reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.

About Skywater Foundation Fund Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $198K (100%)

States

Minnesota

Cities

St Peter

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$151,726	$95,824	—
Revenue	$160,000	$215,500	—
Expenses	$104,098	$119,676	—
Qualifying Distributions	$104,098	$119,676	—
Net Investment Income	—	—	—
Distributable Amount	$6,328	$2,374	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Scholarship America ($98,400).

Recipient	Purpose	Amount
SCHOLARSHIP AMERICA ST PETER, MN	TO AID INDIVIDUALS WITH PAYING FOR HIGHER EDUCATION.	$98,400

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Christopher Hilberg	Secretary	0.1	—
Steve Manko	Treasurer - Director	0.1	—
Amanda Daniel	Vice President - Director	0.1	—
Thomas Sonderman	President - Director	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Skywater Foundation Fund Inc?

Skywater Foundation Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BLOOMINGTON, MN. It holds $152K in total assets as of 2024.

How large is Skywater Foundation Fund Inc?

As of 2024, Skywater Foundation Fund Inc holds $152K in total assets with $160K in annual revenue. It awarded 1 grants totaling $98K in 2024.

Where does Skywater Foundation Fund Inc operate?

Skywater Foundation Fund Inc has awarded grants in Minnesota.

What size grants does Skywater Foundation Fund Inc award?

In 2024, Skywater Foundation Fund Inc awarded 1 grants totaling $98K — an average of about $98K per grant, based on its IRS Form 990 filings.

How much is Skywater Foundation Fund Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Skywater Foundation Fund Inc reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.