Far Hills Race Meeting Association Inc
The organization holds a one day steeplechase event annually. The largest individual beneficiary of the event is the somerset medical health care foundation, a recognized section 501(c)(3) non profit entity. At the discretion of the board of trustees, the organization also supports other recognized section 501(c)(3) not-for-profit organizations.
Far Hills Race Meeting Association Inc at a glance
In short: Far Hills Race Meeting Association Inc gave $478K across 5 grants in 2024 (avg $96K), mostly in New Jersey. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $477,500
- +5.5% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $95,500
- -15.6% vs 2023
- Median grant
- $20,000
- Total assets
- $7,834,017
- +7.4% vs 2023
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Far Hills Race Meeting Association Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Somerset Health Care Foundation Inc ($395K). Together the top 5 received $478K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 11 grants of 15 (73%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Far Hills Race Meeting Association Inc gives
- Giving held roughly steady from 2021 to 2024 (+14%). 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 2020 to 2024, annual grant giving ranged from $10K (2020) to $478K (2024). In 2024 it made 5 grants totaling $478K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Somerset Health Care Foundation Inc Somerville, NJ | Support programs & services of somerset health foundation, a 501(c)(3) organization. | $395,000 |
| Far Hills-Bedminster Fire Department Bedminster, NJ | Support programs & services of far hills bedminster fire depart., a 501(c)(3) organization. | $35,000 |
| Foundation for Morristown Medical Center Morristown, NJ | Support programs & services of foundation for morristown medical center, a 501(c)(3) organization. | $20,000 |
| Lifecamp Inc Morristown, NJ | Support programs & services of life camp, inc., a 501(c)(3) organization. | $15,000 |
| Far Hills-Bedminster First Aid Squad Inc Bedminster, NJ | Support programs & services of far hills bedminster first aid squad, a 501(c)(3) organization. | $12,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $7,834,017 | $4,118,168 | $3,874,395 | $477,500 | 5 | $134,874 |
| 2023 | $7,296,695 | $3,408,211 | $3,708,849 | $452,500 | 4 | $31,962 |
| 2022 | $7,500,434 | $3,701,526 | $3,223,451 | $470,000 | 3 | $59,881 |
| 2021 | $7,235,904 | $3,433,382 | $2,818,847 | $420,000 | 2 | $33,961 |
| 2020 | $6,969,336 | $352,833 | $835,773 | $10,000 | 1 | $17,045 |
About Far Hills Race Meeting Association Inc
Based on IRS filings
Far Hills Race Meeting Association Inc is a public charity, based in Far Hills, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.8M in total assets. In 2024, it awarded 5 grants totaling $478K. Net investment income was $135K.
Leadership & Key People
Officers and directors from IRS filings
Far Hills Race Meeting Association Inc is led by Guy J. Torsilieri, Trustee & Co-Chairman on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Guy J. Torsilieri
Trustee & Co-Chairman
On filings since 2020
10 hrs/week
No compensation reported
Ronald A. Kennedy
Trustee & Co-Chairman
On filings since 2020
10 hrs/week
No compensation reported
Anthony Knapp
Trustee
On filings since 2020
1 hr/week
No compensation reported
Douglas Scher
Trustee
On filings since 2020
1 hr/week
No compensation reported
Reese E. Howard Jr.
Trustee
On filings since 2020
1 hr/week
No compensation reported
John Morris
Trustee
On filings since 2023
1 hr/week
No compensation reported
Former officers (1)
- Former: John T. Von Stade (2020) — Trustee
Data from IRS Form 990 filings, 2020–2024. "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 Far Hills Race Meeting Association Inc
How much does Far Hills Race Meeting Association Inc give each year?
Far Hills Race Meeting Association Inc gave $478K across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $453K across 4 grants.
What is Far Hills Race Meeting Association Inc's typical grant size?
Far Hills Race Meeting Association Inc's median grant in 2024 was $20,000, and its average grant was $95,500, across 5 grants on its 2024 IRS Form 990.
Where does Far Hills Race Meeting Association Inc give grants?
Far Hills Race Meeting Association Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Bedminster, NJ (2 grants) and Morristown, NJ (2 grants).
Does Far Hills Race Meeting Association Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Far Hills Race Meeting Association Inc's 2024 IRS Form 990 were described as general or operating support.
Who are Far Hills Race Meeting Association Inc's largest grantees?
Far Hills Race Meeting Association Inc's largest 2024 grantees include Somerset Health Care Foundation Inc ($395,000), Far Hills-Bedminster Fire Department ($35,000) and Foundation for Morristown Medical Center ($20,000), according to its 2024 IRS Form 990. Together they received 94% of its itemized 2024 grant dollars.
How large is Far Hills Race Meeting Association Inc?
Far Hills Race Meeting Association Inc reported $7.8M in total assets on its 2024 IRS Form 990. Its revenue that year was $4.1M.
What is Far Hills Race Meeting Association Inc's EIN?
Far Hills Race Meeting Association Inc's EIN (Employer Identification Number) is 22-2529715. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020 (received by the IRS November 8, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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