Farm Credit Foundation for Agricultural
The Farm Credit Foundation for Agricultural Advancement is a 501(c)(3) nonprofit foundation established in 2015 to advance the future of agriculture through financial support and educational initiatives. Headquartered in Westminster, Maryland, the foundation operates with a small staff and focuses on supporting the next generation of agricultural professionals through scholarships and community education programs.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.7M
+0.5% YoY
Annual Giving
$390K
+9.2% YoY
Grant Count
45
+0.0% YoY
Avg Grant Size
$9K
+9.2% YoY
Under IRS private-foundation payout rules, Farm Credit Foundation for Agricultural reported a distributable amount of $456K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to advance the future of agriculture by providing scholarships to students pursuing careers in agriculture. Primary funding areas include:
- Academic Scholarships: Scholarships for high school seniors and students enrolled in two- or four-year higher education programs or technical schools planning to pursue agricultural careers
- Agricultural Education Scholarships: Scholarships for high school agriculture teachers pursuing advanced degrees or continuing education credits
- Community Education: Funding for educational initiatives in agriculture
Grantmaking
Grant Range
$10,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation awards scholarships to applicants residing within Horizon Farm Credit's 100-county territory or in Washington, D.C.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $7,730,046
- Total revenues: $548,848
- Total expenses: $503,838
- Annual distributions: $369,000
Historical Giving:
- Since inception in 2015, the foundation has awarded more than $1.6 million through scholarships and community education programs
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,730,046 | $7,690,036 | $7,873,030 |
| Revenue | $548,848 | $271,282 | $3,113,234 |
| Expenses | $503,838 | $444,276 | $383,123 |
| Qualifying Distributions | $436,987 | $369,426 | $338,144 |
| Net Investment Income | $495,222 | $219,682 | $126,167 |
| Distributable Amount | $456,133 | $417,932 | $368,935 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
194 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nuffield Usa ($20,000), Blue Ridge Ctc Foundation ($10,000), Delaware State University ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLACK HAWK EAST COLLEGE GALVA, IL | AGRICULTURAL SCHOLARSHIP | $5,000 |
| BLUE RIDGE CTC FOUNDATION MARTINSBURG, WV | AGRICULTURAL EDUCATION | $10,000 |
| BRIDGEWATER COLLEGE BRIDGEWATER, VA | AGRICULTURAL SCHOLARSHIP | $5,000 |
| BUTLER COMMUNITY COLLEGE EL DORADO, KS | AGRICULTURAL SCHOLARSHIP | $5,000 |
| CONNORS STATE COLLEGE WARNER, OK | AGRICULTURAL SCHOLARSHIP | $5,000 |
| DELAWARE STATE UNIVERSITY NEWWARK, DE | AGRICULTURAL EDUCATION | $10,000 |
| DELAWARE STATE UNIVERSITY NEWWARK, DE | AGRICULTURAL EDUCATION | $10,000 |
| IOWA STATE UNIVERSITY ST AMES, IA | AGRICULTURAL SCHOLARSHIP | $10,000 |
| KANSAS STATE UNIVERSITY COLLEGE OF VETERIANARY MEDICINE MANHATTAN, KS | AGRICULTURAL SCHOLARSHIP | $10,000 |
| KUTZTOWN UNIVERSITY OF PENNSYLVANIA KUTZTOWN, PA | AGRICULTURAL SCHOLARSHIP | $7,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Travis Hastings - Chairperson
- Julie Bolyard - Board of Directors Chair, Officer
- Brian Rosati - HFC Employee/Vice Chair
- John Wheeler - Secretary/Treasurer
- Laura Heilinger - Officer
- Kurt Fuchs - HFC Employee/Officer
- Gail Yeiser - Officer
- Darrell Curtis - Officer
- Kevin Grim - Officer
- Charles Wright IV - Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TRAVIS HASTINGS | CHAIRPERSON | 2 | $2,349 |
| BRIAN ROSATI | HFC EMPLOYEE/VICE CHAIR | 2 | — |
| LAURA HEILINGER | OFFICER (UNTIL 6/2024) | 2 | $818 |
| JOHN WHEELER | SECRETARY/TREASURER | 8 | $5,796 |
| JULIE BOLYARD | OFFICER | 2 | $2,014 |
| GAIL YEISER | OFFICER | 2 | $3,758 |
| DARRELL CURTIS | OFFICER | 2 | $3,387 |
| KEVIN GRIM | OFFICER | 2 | $1,746 |
| SHARON MCCLELLAN | OFFICER (FROM 7/2024) | 2 | $1,106 |
Recent News & Activity
Recent developments and announcements
The foundation announced its 2025 Scholarship Program in September 2024, offering at least 20 scholarships valued at up to $10,000 each to students dedicated to pursuing careers in agriculture. Applications were accepted through January 3, 2025, with scholarships awarded in April 2025.
Applications Now Open for Farm Credit Foundation for Agricultural ...The foundation continues to expand its support for agricultural education, welcoming applicants across diverse agricultural career paths including farmers, food scientists, mechanics, and agriculture teachers.
Applications Now Open for Farm Credit Foundation for Agricultural ...Frequently Asked Questions
What does Farm Credit Foundation for Agricultural fund?
The foundation's mission is to advance the future of agriculture by providing scholarships to students pursuing careers in agriculture. Primary funding areas include: • **Academic Scholarships**: Scholarships for high school seniors and students enrolled in two- or four-year higher education programs or technical schools planning to pursue agricultural careers • **Agricultural Education Scholarships**: Scholarships for high school agriculture teachers pursuing advanced degrees or continuing edu…
How do I apply for a grant from Farm Credit Foundation for Agricultural?
**Grant Characteristics:** • Individual scholarships valued at up to $10,000 • Median grant size: $10,000 • Maximum grant size: $20,000 • Approximately 45 grants awarded annually **Recent Activity:** • 2024: Awarded at least 20 scholarships valued at up to $10,000 each • 2024: Awarded 38 scholarships to high school and college students planning agricultural careers • 2024: Awarded 7 scholarships to high school agriculture teachers for advanced degrees or continuing education **Application Proce…
Where does Farm Credit Foundation for Agricultural make grants?
The foundation awards scholarships to applicants residing within Horizon Farm Credit's 100-county territory or in Washington, D.C.
What size grants does Farm Credit Foundation for Agricultural award?
In 2024, Farm Credit Foundation for Agricultural awarded 45 grants totaling $390K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Farm Credit Foundation for Agricultural required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Farm Credit Foundation for Agricultural reported a distributable amount of $456K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Farm Credit Foundation for Agricultural's EIN?
Farm Credit Foundation for Agricultural's EIN (Employer Identification Number) is 81-0945517. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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