The Shadow Funders Inc
The Shadow Funders Inc is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $736K in total assets. In 2025, it awarded 2 grants totaling $5K. Net investment income was $80K.
The Shadow Funders Inc at a glance
In short: The Shadow Funders Inc gave $5K across 2 grants in 2025 (avg $2K), mostly in Oregon. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,500
- -94.4% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $2,250
- -88.8% vs 2024
- Median grant
- $2,250
- Total assets
- $735,913
- +9.5% vs 2024
- Primary geography
- Oregon (67% 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 The Shadow Funders Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was All Saints Parish ($3K). Together the top 2 received $5K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 12 grants of 13 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How The Shadow Funders Inc gives
- Giving fell 75% from 2022 to 2025. Method
- In 2025 it paid out 31% 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 $3K (2021) to $80K (2024). In 2025 it made 2 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| All Saints Parish Portland, OR | All Saints School Scholarship Fund | $3,000 |
| Center for Independent Documentary Inc Newton, MA | To Support Youth Education | $1,500 |
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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 | $735,913 | $88,511 | $24,491 | $4,500 | 2 | $13,254 | $79,583 | $43,067 |
| 2024 | $671,893 | $106,823 | $97,480 | $80,000 | 4 | $88,397 | $79,749 | $40,808 |
| 2023 | $662,550 | $39,563 | $56,073 | $38,000 | 2 | $48,253 | $31,769 | $36,604 |
| 2022 | $679,060 | $10,890 | $34,637 | $18,118 | 4 | $26,213 | $11,653 | $37,966 |
| 2021 | $702,807 | $136,426 | $21,734 | $3,000 | 1 | $11,038 | $127,690 | $38,009 |
| 2020 | $588,115 | $26,791 | $73,387 | $58,000 | 3 | — | $19,248 | $34,615 |
Under IRS private-foundation payout rules, The Shadow Funders Inc reported a distributable amount of $43K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Shadow Funders Inc is led by Michael E Haglund, President, Director & Secretary on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael E Haglund
President, Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Christina E Haglund
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Erick J Haglund
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Melissa Haglund
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Molly G Haglund
Director & Vice President
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 Shadow Funders Inc
How much does The Shadow Funders Inc give each year?
The Shadow Funders Inc gave $5K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $80K across 4 grants.
How large is The Shadow Funders Inc?
The Shadow Funders Inc reported $736K in total assets on its 2025 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $43K (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.
Where does The Shadow Funders Inc operate?
The Shadow Funders Inc has awarded grants in California, Massachusetts, Oregon, Tennessee.
What is The Shadow Funders Inc's EIN?
The Shadow Funders Inc's EIN (Employer Identification Number) is 20-2031200. 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 November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 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 April 24, 2026)
Live grants for the work The Shadow Funders Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Shadow Funders Inc's focus areas in our free grants database
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