The Shadow Funders Inc

Private foundation · Grantmaker Wilmington, DE EIN: 20-2031200

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.

Key facts about The Shadow Funders Inc

In short: The Shadow Funders Inc gave $5K across 2 grants in 2025 (avg $2K), mostly in Oregon. Source: 2025 IRS Form 990-PF.

EIN
20-2031200
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$4,500
Grants made (2025)
2
Average grant
$2,250
Median grant
$2,250
Total assets
$735,913
Primary geography
Oregon (67% 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

$736K

+9.5% YoY

Annual Giving

$5K

-94.4% YoY

Grant Count

2

-50.0% YoY

Avg Grant Size

$2K

-88.8% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

PortlandAstoriaMartinNewtonSan Francisco

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K3 grants2020 1 grant2021 4 grants2022 2 grants2023 4 grants2024 2 grants2025

From 2020 to 2025, annual grant giving ranged from $3K (2021) to $80K (2024). In 2025 it made 2 grants totaling $5K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

All Saints Parish: $3KAll Saints Parish$3KCenter for Independent Documentary Inc: $2KCenter for IndependentDocumentary Inc$2K

The largest 2025 recipient was All Saints Parish ($3K). Together the top 2 received $5K.

Grant Size Distribution

13 grants across all recorded years

12<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 12 grants of 13 (92%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
All Saints Parish Portland, ORAll Saints School Scholarship Fund$3,000
Center for Independent Documentary Inc Newton, MATo Support Youth Education$1,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$735,913$671,893$662,550
Revenue$88,511$106,823$39,563
Expenses$24,491$97,480$56,073
Qualifying Distributions$13,254$88,397$48,253
Net Investment Income$79,583$79,749$31,769
Distributable Amount$43,067$40,808$36,604

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS June 6, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)

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.

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