Breeders' Cup Limited
To conduct the breeders' cup world championships at the highest levels of quality, safety and integrity and to promote the growth of thoroughbred breeding, racing and sales through proactive leadership, innovation and service.
Breeders' Cup Limited at a glance
In short: Breeders' Cup Limited reported $3K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- Grants paid (2025)
- $3,231 — reported as a total on the IRS filing, without an itemized list
- -93.4% vs 2024
- Total assets
- $123,730,032
- +9.3% vs 2024
- Revenue (2025)
- $51,462,177
- +7.0% vs 2024
- Net investment income (2025)
- $1,873,762
- +99.6% vs 2024
- Expenses (2025)
- $57,952,209
- +13.1% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Breeders' Cup Limited funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Breeders' Cup Limited gives
- Giving held roughly steady from 2021 to 2024 (+2%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $3K (2025) to $49K (2024). In 2025 it reported $3K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Thoroughbred Aftercare Alliance Lexington, KY | Equine Facility Support | $49,020 |
Ready to take the next step with Breeders' Cup Limited?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $123,730,032 | $51,462,177 | $57,952,209 | $3,231 | Total only | $1,873,762 |
| 2024 | $113,159,231 | $48,087,353 | $51,247,098 | $49,020 | 1 | $938,660 |
| 2023 | $111,786,548 | $51,010,416 | $50,197,979 | $48,903 | 1 | $158,472 |
| 2022 | $117,837,245 | $60,542,303 | $49,372,175 | $48,638 | 1 | $1,166,470 |
| 2021 | $95,226,655 | $45,264,565 | $52,564,127 | $48,002 | 1 | $923,101 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Breeders' Cup Limited
Based on IRS filings
Breeders' Cup Limited is a public charity, based in Lexington, KY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $123.7M in total assets. In 2025, it reported $3K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $1.9M.
Leadership & Key People
Officers and directors from IRS filings
Breeders' Cup Limited is led by Robert Drew Fleming, President & CEO on every filing since 2021; 11 of 25 officers listed in 2025 are compensated.
Officers on the 2025 filing
Robert Drew Fleming
President & CEO
On filings since 2021
40 hrs/week
$496K (2021) → $767K (2025)
Barbara Banke
Chairman
Director → Chairman, 2023
On filings since 2021
2 hrs/week
No compensation reported
Alan Cooper
Director
On filings since 2021
2 hrs/week
No compensation reported
Alex Solis II
Director
On filings since 2021
2 hrs/week
No compensation reported
Antony Beck
Director
Director → Vice Chairman, 2023
Vice Chairman → Director, 2024
On filings since 2021
2 hrs/week
No compensation reported
Bret Jones
Director
Vice Chairman → Director, 2023
On filings since 2021
2 hrs/week
No compensation reported
Clem Murphy
Director
On filings since 2021
2 hrs/week
No compensation reported
Elliott Walden
Director
On filings since 2021
2 hrs/week
No compensation reported
Fred W. Hertrich III
Director
Chairman → Director, 2023
On filings since 2021
2 hrs/week
No compensation reported
Walker Hancock
Director
On filings since 2021
2 hrs/week
No compensation reported
William S. Farish Jr.
Director
On filings since 2021
2 hrs/week
No compensation reported
Eric Gustavson
Director
On filings since 2022
2 hrs/week
No compensation reported
Gray Lyster
Director
On filings since 2023
2 hrs/week
No compensation reported
Tom Ryan
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Dora J. Delgado
Executive Vice President & Chief Racing Officer
On filings since 2021
40 hrs/week
$254K (2021) → $285K (2025)
Heather Higgins
Senior Vice President Corporate Partnerships
Vice President Corporate Partnerships → Senior Vice President Corporate Partnerships, 2023
On filings since 2021
40 hrs/week
$149K (2021) → $212K (2025)
John Keitt
Executive Vice President & COO
On filings since 2021
40 hrs/week
$367K (2021) → $479K (2025)
Justin N. McDonald
Executive Vice President & Chief Marketing Officer
Senior Vice President Marketing → Executive Vice President & CMO, 2023
Executive Vice President & CMO → Executive Vice President & Chief Marketing Officer, 2025
On filings since 2021
40 hrs/week
$204K (2021) → $279K (2025)
Michael Newman
Vice President & Controller
On filings since 2021
40 hrs/week
$143K (2021) → $41K (2025)
Stephanie Palmieri
Vice President Events
Vice President Breeders' Cup Events → Vice President Events, 2025
On filings since 2022
40 hrs/week
$156K (2022) → $170K (2025)
Tim Schram
Vice President Administration & Simulcasting
Vice President Finance, Hr & Simulcasting → Vice President Finance, Hr & Simulcast, 2023
Vice President Finance, Hr & Simulcast → Vice President Administration & Simulcasting, 2024
On filings since 2022
40 hrs/week
$151K (2022) → $163K (2025)
Brandy Harmon
Senior Vice President Ticketing & Operations
Senior Vice President Ticketing & Venue Operations → Senior Vice President Ticketing & Operations, 2025
On filings since 2023
40 hrs/week
$152K (2023) → $183K (2025)
Chad Saltzman
Vice President & Controller
New on the 2025 filing
40 hrs/week
$130K (2025)
Michael Todd Sparks
Vice President Information Technology & Software Solutions
New on the 2025 filing
40 hrs/week
$181K (2025)
Sarah Reeves
Corporate Secretary
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (7)
- Former: Jimmy Bell (2021–2024) — Director
- Former: Todd Sparks (2021–2024) — Vice President Information Technology
- Former: Gavin Murphy (2021–2023) — Director
- Former: William Beasley (2021–2023) — Chief Strategy Officer · Filing note: Through 21522
- Former: Anthony Manganaro (2021–2022) — Director
- Former: Christopher McNamara (2021) — Senior Vice President Corporate Sponsorships
- Former: Peter Rotondo (2021) — Vice President Television & Social Media
Data from IRS Form 990 filings, 2021–2025. "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 $767K, to Robert Drew Fleming (President & CEO). 11 officers or directors reported compensation on that filing.
Frequently asked questions about Breeders' Cup Limited
How much does Breeders' Cup Limited give each year?
Breeders' Cup Limited reported $3K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it gave $49K across 1 grant.
How large is Breeders' Cup Limited?
Breeders' Cup Limited reported $123.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $51.5M.
Where does Breeders' Cup Limited operate?
Breeders' Cup Limited has awarded grants in Kentucky.
What is Breeders' Cup Limited's EIN?
Breeders' Cup Limited's EIN (Employer Identification Number) is 13-3082904. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS October 8, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS September 23, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS December 12, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 2, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS September 12, 2025)
- IRS filings on file for fiscal years 2021–2025
Other open foundation grants in Kentucky
Kentucky Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Breeders' Cup Limited's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Bay Care Clinic Foundation Ltd
Green Bay, WI
Bay Care Clinic Foundation supports community health and wellness, mental health, and healthcare or global health scholarships, primarily serving northeastern Wisconsin through eligible organizations in counties served by BayCare Clinic. In 2024 it made 77 grants ranging from $100 to $37,988, with a median award of $1,000. It accepts applications year-round and reviews them quarterly.
Assets
$915K
Grants
77
Total Given
$207K
The Sam Schubert Foundation
Louisville, KY
The Sam Schubert Foundation supports charitable, educational, legal-aid, and community organizations, primarily in Kentucky, with 2025 grants also going to Texas, Tennessee, and South Carolina. Its 16 grants ranged from $35 to $25,000, with a median of $5,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$3.4M
Grants
16
Total Given
$135K
P J Callahan Foundation Inc
New York, NY
The P J Callahan Foundation supports charitable organizations in health care, education and child care, religious service, and disaster relief, with recent grants mainly in New York and Florida and smaller amounts in several other states. In 2024, it made 33 grants ranging from $750 to $50,000, with a median award of $5,000. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$8.6M
Grants
33
Total Given
$359K
The McGee Foundation Inc
Oklahoma City, OK
The McGee Foundation funded reproductive health, foster-care support, community philanthropy, arts, and other causes, with past grants ranging from $50,000 to $450,000 for regular awards (median $200,000); its 2026 total was inflated by large final asset distributions. Grants went to organizations in several states, including Oklahoma, California, Kansas, New York, and Washington, DC, but the foundation dissolved on March 3, 2026. Its filing did not specify an application process or say whether unsolicited requests were accepted.
Assets
—
Grants
15
Total Given
$42.3M
Florida Horsemen's Charitable
Hallandale Beach, FL
Florida Horsemen’s Charitable funds medical and dental needs, scholarships, thoroughbred aftercare, and other charitable purposes, primarily in Florida, with some giving in Kentucky and Virginia. Its 2025 grants ranged from $9,185 to $311,209, with a median of $59,461. It gives only to preselected charitable organizations and does not accept unsolicited requests.
Assets
$56K
Grants
10
Total Given
$1.3M
Churchill Downs Incorporated Foundation
Louisville, KY
Assets
$241K
Grants
51
Total Given
$63K
More similar funders
More Funders in Kentucky
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Breeders' Cup Limited's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Breeders' Cup Limited down — hundreds of funders to go?