Swall Foundation
Swall Foundation is a private foundation, based in Eagan, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $72.6M in total assets. In 2025, it awarded 5 grants totaling $2.3M. Net investment income was $12.6M.
Swall Foundation at a glance
In short: Swall Foundation gave $2.3M across 5 grants in 2025 (avg $463K), top state Maryland. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,315,995
- -20.3% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $463,199
- -20.3% vs 2024
- Median grant
- $463,199
- Total assets
- $72,606,100
- +16.4% vs 2024
- Primary geography
- Maryland (20% 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 Swall Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was American Cancer Society ($463K). Together the top 5 received $2.3M.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was in the $500K–1M range: 20 grants of 25 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Swall Foundation gives
- Giving fell 43% from 2022 to 2025. Method
- In 2025 it paid out 49% 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 2020 to 2025, annual grant giving ranged from $2.2M (2020) to $4.1M (2022). In 2025 it made 5 grants totaling $2.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Cancer Society Hagerstown, MD | General Operating | $463,199 |
| American Heart Association Dallas, TX | General Operating | $463,199 |
| National Multiple Sclerosis Society Denver, CO | General Operating | $463,199 |
| American Lung Association of CA Brookfield, WI | General Operating | $463,199 |
| United Cerebral Palsy Modesto, CA | General Operating | $463,199 |
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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 | $72,606,100 | $13,293,532 | $3,051,859 | $2,315,995 | 5 | $2,368,717 | $12,608,882 | $4,823,600 |
| 2024 | $62,364,418 | $7,833,246 | $3,569,992 | $2,906,050 | 5 | $2,957,445 | $7,299,644 | $4,632,233 |
| 2023 | $58,126,314 | $2,870,151 | $3,056,374 | $2,538,559 | 5 | $2,586,673 | $2,366,971 | $4,289,649 |
| 2022 | $58,234,803 | $2,203,463 | $4,670,204 | $4,068,195 | 5 | $4,191,412 | $1,885,865 | $4,395,227 |
| 2021 | $60,809,653 | $5,076,521 | $4,604,906 | $4,017,460 | 5 | $4,147,805 | $4,204,633 | $4,771,227 |
| 2020 | $60,787,901 | $4,319,055 | $3,917,662 | $2,235,415 | 5 | — | $3,502,846 | $4,053,939 |
Under IRS private-foundation payout rules, Swall Foundation reported a distributable amount of $4.8M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Swall Foundation's only listed officer is US Bank N A, Trustee on every filing since 2024 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2024
1 hr/week
$504K (2024) → $525K (2025)
Former officers (2)
- Former: US Bank NA (2023) — Trustee
- Former: Mufg Union Bank N A (2020–2022) — Trustee
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 $525K, to US Bank N a (Trustee).
Frequently asked questions about Swall Foundation
How much does Swall Foundation give each year?
Swall Foundation gave $2.3M across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.9M across 5 grants.
What is Swall Foundation's typical grant size?
Swall Foundation's median grant in 2025 was $463,199, and its average grant was $463,199, across 5 grants on its 2025 IRS Form 990-PF.
Where does Swall Foundation give grants?
Swall Foundation's top state is Maryland, with 20% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Texas (20%) and Colorado (20%).
Does Swall Foundation give general operating support?
Yes: 100% of Swall Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Swall Foundation's largest grantees?
Swall Foundation's largest 2025 grantees include American Cancer Society ($463,199), American Heart Association ($463,199) and National Multiple Sclerosis Society ($463,199), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.
How large is Swall Foundation?
Swall Foundation reported $72.6M in total assets on its 2025 IRS Form 990-PF. It paid out $2.4M in qualifying distributions that year, against a required minimum of $4.8M (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 Swall Foundation's EIN?
Swall Foundation's EIN (Employer Identification Number) is 94-6169932. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
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