Skywater Foundation Fund Inc
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.
Skywater Foundation Fund Inc at a glance
In short: Skywater Foundation Fund Inc gave $89K across 1 grant in 2025 (avg $89K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $88,650
- -9.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $88,650
- -9.9% vs 2024
- Median grant
- $88,650
- Total assets
- $57,503
- -62.1% vs 2024
- Primary geography
- Minnesota (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 Skywater Foundation Fund Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Scholarship America Inc ($89K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $50–100K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $89K (2025) to $100K (2023). In 2025 it made 1 grant totaling $89K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship America Inc St Peter, MN | To Aid Individuals with Paying for Higher Education. | $88,650 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $57,503 | — | $94,223 | $88,650 | 1 | $94,223 | $6,790 |
| 2024 | $151,726 | $160,000 | $104,098 | $98,400 | 1 | $104,098 | $6,328 |
| 2023 | $95,824 | $215,500 | $119,676 | $100,000 | 1 | $119,676 | $2,374 |
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.
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 29, 2026)
- IRS filings on file for fiscal years 2022–2024
Live grants for the work Skywater Foundation Fund Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Skywater Foundation Fund Inc's focus areas in our free grants database
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