The Happy Way Foundation
The Happy Way Foundation is a private foundation, based in Roanoke, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $50K in total assets. In 2025, it awarded 8 grants totaling $22K. Net investment income was $3K.
The Happy Way Foundation at a glance
In short: The Happy Way Foundation gave $22K across 8 grants in 2025 (avg $3K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $22,165
- -70.2% vs 2024
- Grants made (2025)
- 8
- -57.9% vs 2024
- Average grant
- $2,771
- -29.3% vs 2024
- Median grant
- $2,500
- Total assets
- $49,680
- -28.3% vs 2024
- Primary geography
- Indiana (64% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who The Happy Way Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was First Christian Church ($6K). Together the top 8 received $22K.
Grant Size Distribution
76 grants across all recorded years
The most common grant size was under $50K: 76 grants of 76 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How The Happy Way Foundation gives
- Giving fell 47% from 2022 to 2025. Method
- In 2025 it paid out 305% of 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 2020 to 2025, annual grant giving ranged from $22K (2025) to $74K (2024). In 2025 it made 8 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Christian Church Fort Wayne, IN | Program Support | $6,165 |
| Volmoed Youth Leadership Training Program Washington, DC | Program Support | $4,000 |
| Global Giving Washington, DC | Program Support | $4,000 |
| ALS Association Indiana Chapter Indianapolis, IN | Program Support | $3,000 |
| Sacred Heart Church Fort Wayne, IN | Program Support | $2,000 |
| Friends of Tent of Nations of North America Roanoke, IN | Program Support | $1,000 |
| First Christian Church of Bloomington Bllomington, IN | Program Support | $1,000 |
| Hotels for Homeless Bloomington, IN | Program Support | $1,000 |
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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 | $49,680 | $8,055 | $28,025 | $22,165 | 8 | $25,290 | $3,318 | $8,303 |
| 2024 | $69,243 | $87,643 | $79,493 | $74,478 | 19 | $77,453 | $82,828 | $8,621 |
| 2023 | $54,593 | $48,385 | $46,927 | $43,097 | 17 | $45,922 | $12,354 | $5,541 |
| 2022 | $51,135 | $17,336 | $45,550 | $41,451 | 18 | $44,276 | $13,237 | $6,717 |
| 2021 | $79,349 | $42,112 | $44,220 | $40,500 | 14 | $43,190 | $17,307 | $6,537 |
| 2020 | $81,434 | $12,776 | $45,464 | $41,500 | 14 | — | $8,812 | $11,213 |
Under IRS private-foundation payout rules, The Happy Way Foundation reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Happy Way Foundation is led by Jane E. Caldwell, President on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jane E. Caldwell
President
On filings since 2020
1 hr/week
No compensation reported
Daniel S. Caldwell
Vice President
On filings since 2020
1 hr/week
No compensation reported
John T. Caldwell
Vice President
On filings since 2020
1 hr/week
No compensation reported
Joseph M. Caldwell
Vice President
On filings since 2020
1 hr/week
No compensation reported
Ronald G. Caldwell
Treasurer
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about The Happy Way Foundation
How much does The Happy Way Foundation give each year?
The Happy Way Foundation gave $22K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $74K across 19 grants.
What is The Happy Way Foundation's typical grant size?
The Happy Way Foundation's median grant in 2025 was $2,500, and its average grant was $2,771, across 8 grants on its 2025 IRS Form 990-PF.
Where does The Happy Way Foundation give grants?
The Happy Way Foundation gives mostly in Indiana: 64% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (36%). The most frequent recipient cities were Fort Wayne, IN (2 grants) and Washington, DC (2 grants).
Does The Happy Way Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on The Happy Way Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (8 grants).
Who are The Happy Way Foundation's largest grantees?
The Happy Way Foundation's largest 2025 grantees include First Christian Church ($6,165), Volmoed Youth Leadership Training Program ($4,000) and Global Giving ($4,000), according to its 2025 IRS Form 990-PF. Together they received 64% of its itemized 2025 grant dollars.
How large is The Happy Way Foundation?
The Happy Way Foundation reported $50K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
What is The Happy Way Foundation's EIN?
The Happy Way Foundation's EIN (Employer Identification Number) is 45-3796054. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 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 May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 31, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 10, 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 12, 2026)
- IRS filings on file for fiscal years 2020–2024
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