Oregon · Nonprofit
1803 FUND
1803 FUND (Oregon) receives grants from 1 organization whose IRS filings report $8,500,000 to it, the largest being KNIGHT FOUNDATION ATTN LISA MCKILLIPS ($8,500,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $56M
- Funders on record
- 1
- Grants received
- $8.5M
- Net assets
- $41M
What 1803 Fund does
Mission
To establish a resilient financial ecosystem that supports the long-term well-being of portland's black community by investing in education, preserving cultural heritage and fostering community via long-term grant funding, partnerships and investments.
As stated on its FY2025 Form 990.
Programs
In 2025, the community investment team accomplished the following:1. Made a 10-year, $75m commitment to underwrite direct service expenditures of self enhancement inc. And albina head start2. Launched the 1803 Fund's place-making grant program to activate, enrich and fortify real estate assets in albina3. Continued to support the cohort of 1803 Fund's strategic community grant partners through multiple convenings, leadership development, technical assistance and shared learning4. Disbursed over $300k of sponsorships to support community events
$16,781,587 spentof which $14,897,815 as grants83% of program spendingIn 2025, the executive office team accomplished the following:1. Coordinated over $400k in responsive grants to support national and portland black leadership convenings 2. Launched the 1803 Fund's external affairs practice to engage with and support public & municipal partners3. Refined the 1803 Fund's communications approach and held multiple press events to communicate the fund's real estate endeavors4. Launched 1803 enterprise partnership practice5. Granted special funds to enable feasibility analysis and business planning for a possible move of pensole lewis, a design centered hbcu, to portland, oregon
$2,449,078 spentof which $436,000 as grants12% of program spendingIn 2025, the 1803 real estate team accomplished the following:1. Refined the 1803 Fund's 'rebuild albina' strategy to focus on direct real estate investment in historic albina2. Formulated real estate investment framework and future acquisition pipeline3. Entered into agreement to acquire three properties in lower albina including two cornerstone parcels comprising over 6 acres4. Provided $5m mezzanine loan to albina vision trust to enable purchase and affordable housing repositioning of historic paramount apartments 5. Entered into negotiations on 3 additional properties in lower albina6. Began remediation, zoning and master planning pre-development work on 2 cornerstone properties
$930,313 spent$28,622 earned by the program5% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $20,160,978.
The organization over time
Each line starts at 100 in 2023, so what you read is the shape rather than the size: 150 means half as much again as 2023, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $8.1M to $50M (+512%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
99% of 1803 FUND’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 3 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Rukaiyah Adams
CEO/secretary
Board chair
Larry Miller
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of 1803 FUND’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of 1803 FUND's grant income comes from Oregon funders.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
1803 FUND runs a healthier operating margin than three-quarters of the 328 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 328 community improvement nonprofits $10M–$100M, FY2025
Organizations like 1803 FUND
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Oregon
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 5 related entities
- 1803 LLC · disregarded
- Low End LLC · disregarded
- Borthwick Holdings · disregarded
- Russell One LLC · disregarded
- Silos LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for 1803 FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds 1803 FUND?
- 1803 FUND (Oregon) receives grants from 1 organization whose IRS filings report $8,500,000 to it, the largest being KNIGHT FOUNDATION ATTN LISA MCKILLIPS ($8,500,000). 0 of them have funded it in more than one year.
- How many funders does 1803 FUND have?
- IRS filings report 1 organization giving $8,500,000 in grants to 1803 FUND.
- Who is the largest funder of 1803 FUND?
- KNIGHT FOUNDATION ATTN LISA MCKILLIPS is the largest funder on record, with $8,500,000 in grants. The full list of funders is on this page.
- How can an organization like 1803 FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Oregon. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2023–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing