Skywater Foundation Fund Inc

Private foundation · Grantmaker Bloomington, MN EIN: 92-0397650

Skywater Foundation Fund Inc is a private foundation, based in Bloomington, MN. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $58K in total assets. In 2025, it awarded 1 grant totaling $89K.

Key facts about Skywater Foundation Fund Inc

In short: Skywater Foundation Fund Inc gave $89K across 1 grant in 2025 (avg $89K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.

EIN
92-0397650
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$88,650
Grants made (2025)
1
Average grant
$88,650
Median grant
$88,650
Total assets
$57,503
Primary geography
Minnesota (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$58K

-62.1% YoY

Annual Giving

$89K

-9.9% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$89K

-9.9% YoY

Under IRS private-foundation payout rules, Skywater Foundation Fund Inc reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.

How Skywater Foundation Fund Inc gives

  • In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

St Peter

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K0 grants2022 1 grant2023 1 grant2024 1 grant2025

From 2023 to 2025, annual grant giving ranged from $89K (2025) to $100K (2023). In 2025 it made 1 grant totaling $89K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Scholarship America Inc: $89KScholarship America Inc$89K

The largest 2025 recipient was Scholarship America Inc ($89K).

Grant Size Distribution

3 grants across all recorded years

<$50K2$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 2 grants of 3 (67%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Scholarship America Inc St Peter, MNTo Aid Individuals with Paying for Higher Education.$88,650

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$100K$200K$300K2022 2023 2024 2025
Metric202520242023
Total Assets$57,503$151,726$95,824
Revenue—$160,000$215,500
Expenses$94,223$104,098$119,676
Qualifying Distributions$94,223$104,098$119,676
Distributable Amount$6,790$6,328$2,374

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS July 29, 2026)
  2. IRS filings on file for fiscal years 2022–2024

Leadership & Key People

Officers and directors from IRS filings

Skywater Foundation Fund Inc is led by Thomas Sonderman, President - Director since 2023 (on filings since 2022); none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Thomas Sonderman

    President - Director

    President-Director → President - Director, 2023

    On filings since 2022

    0.1 hrs/week

    No compensation reported

  • Steve Manko

    Treasurer - Director

    Treasurer-Director → Treasurer - Director, 2023

    On filings since 2022

    0.1 hrs/week

    No compensation reported

  • Christopher Hilberg

    Secretary

    On filings since 2022

    0.1 hrs/week

    No compensation reported

  • Kristen Begstorm

    Vice President - Director

    New on the 2025 filing

    0.1 hrs/week

    No compensation reported

Former officers (1)
  • Former: Amanda Daniel (2022–2024) — Vice President - Director

Data from IRS Form 990 filings, 2022–2025. "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 Skywater Foundation Fund Inc

How much does Skywater Foundation Fund Inc give each year?

Skywater Foundation Fund Inc gave $89K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $98K across 1 grant.

How large is Skywater Foundation Fund Inc?

Skywater Foundation Fund Inc reported $58K in total assets on its 2025 IRS Form 990-PF. It paid out $94K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).

Where does Skywater Foundation Fund Inc operate?

Skywater Foundation Fund Inc has awarded grants in Minnesota.

What is Skywater Foundation Fund Inc's EIN?

Skywater Foundation Fund Inc's EIN (Employer Identification Number) is 92-0397650. IRS Form 990 filing data is available on this page for 2022–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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