Farm Credit Foundation for Agricultural
Farm Credit Foundation for Agricultural Advancement is a private foundation based in Westminster, Maryland. Founded in 2015 and funded by Horizon Farm Credit, it supports the future of agriculture through scholarships for students pursuing agricultural careers and funding for community agriculture education.
Farm Credit Foundation for Agricultural at a glance
In short: Farm Credit Foundation for Agricultural gave $390K across 45 grants in 2024 (avg $9K), top state Delaware. 36% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $390,000
- +9.2% vs 2023
- Grants made (2024)
- 45
- +0.0% vs 2023
- Average grant
- $8,667
- +9.2% vs 2023
- Median grant
- $10,000
- Total assets
- $7,730,046
- +0.5% vs 2023
- New grantees (estimate)
- 36% first-time grantees (9 of 25, 2024)
- Primary geography
- Delaware (25% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Farm Credit Foundation for Agricultural
- How to Apply
-
For college scholarships, the filing directs applicants to submit online through the foundation’s website. Its stated eligibility and application details are summarized above.
- Review Cycle
- The 2024 filing lists January of each award year for college scholarships.
- Deadline
- The 2024 filing lists January of each award year for college scholarships.
- Contact
Application contact: Raechel Sattazahm
Mailing address: 45 Aileron Court, Westminster, MD 21157
Phone: (888) 339-3334
Website: HTTPS://FCFOUNDATIONFORAG.ORG
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Farm Credit Foundation for Agricultural funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Pennsylvania State University ($53K across 8 grants). Together the top 10 received $225K.
Organizations only. It also paid 6 individual scholarships ($55,000), which are not listed by name.
Grant Size Distribution
194 grants across all recorded years
The most common grant size was under $50K: 194 grants of 194 (100%).
Geographic Focus
Where this funder awards grants
Scholarship eligibility stated in the filing covers Delaware; specified counties in Maryland, Virginia, and West Virginia; and Pennsylvania. The foundation’s website also lists Washington, D.C. as eligible. The filing’s 2024 grant dollars were concentrated in Delaware (25%) and Pennsylvania (21%), followed by Kentucky (8%), West Virginia (5%), and Virginia (5%).
Grant Distribution by State
Share of 2024 grant dollars across all 45 itemized grants.
States
Cities
Is Farm Credit Foundation for Agricultural open to new grantees?
36%
first-time grantees, 2024
In 2024, 9 of 25 grantees (36%) were first-time recipients. First grants averaged $11K; repeat grants $18K. How we count
Medians: $8K first-time, $10K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving grew 32% from 2021 to 2024. Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $295K (2021) to $390K (2024). In 2024 it made 45 grants totaling $390K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nuffield USA Lincoln, DE | Agricultural Education | $20,000 |
| Blue Ridge CTC Foundation Martinsburg, WV | Agricultural Education | $10,000 |
| 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 |
| 6 individual scholarships Recipients not named | — | $55,000 |
| Lancaster County CTC Willow Street, PA | Agricultural Scholarship | $10,000 |
| Pennsylvania College of Technology Williamsport, PA | Agricultural Scholarship | $10,000 |
| Pennsylvania State University University Park, PA | Agricultural Scholarship | $10,000 |
| SUNY Coblestone Foundation Cobleskill, NY | Agricultural Scholarship | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,730,046 | $548,848 | $503,838 | $390,000 | 45 | $436,987 | $495,222 | $456,133 |
| 2023 | $7,690,036 | $271,282 | $444,276 | $357,000 | 45 | $369,426 | $219,682 | $417,932 |
| 2022 | $7,873,030 | $3,113,234 | $383,123 | $299,110 | 30 | $338,144 | $126,167 | $368,935 |
| 2021 | $5,142,919 | $365,063 | $363,386 | $295,000 | 34 | $317,443 | $321,081 | $316,911 |
| 2020 | $5,141,566 | $-3,115 | $367,883 | $298,985 | 40 | — | $93,961 | $273,338 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated purpose is to advance the future of agriculture. Its 2024 filing reports scholarships for high school and college students planning agricultural careers, as well as scholarships for high school agriculture teachers pursuing advanced degrees or continuing education credits. Its website also describes a Community Education program that funds organizations working to enhance agriculture education.
Supported organizations include Delaware State University, which describes itself as a public, comprehensive 1890 land-grant institution; the Pennsylvania College of Technology Foundation, which says it supports hands-on technical education; and the Wilmington College mission, which emphasizes education, service, and career preparation.
Grantmaking
In 2024, the foundation reported 45 grants totaling $390,000. Grants ranged from $5,000 to $20,000, with a median of $10,000. The filing also reports that the foundation awarded 38 scholarships to high school and college students pursuing agricultural careers and seven scholarships to high school agriculture teachers.
Among the 2024 grants listed were $20,000 to Nuffield USA for agricultural education; $10,000 each to Blue Ridge CTC Foundation and Delaware State University for agricultural education; and $10,000 each to Iowa State University, Kansas State University College of Veterinary Medicine, Lancaster County CTC, an individual recipient Community College, an individual recipient State University, Pennsylvania College of Technology, Pennsylvania State University, and SUNY Cobleskill Foundation for agricultural scholarships. Source descriptions also identify 2024 awards of $10,000 to Tarleton State University and $7,500 to Wilmington College.
The 2024 filing says college scholarship applications must be submitted online and that applicants must live in Horizon Farm Credit territory, be high school seniors or enrolled in a two- or four-year college, and plan to pursue an agricultural career.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Travis Hastings as chairperson; Brian Rosati as HFC employee/vice chair; John Wheeler as secretary/treasurer; and Julie Bolyard, Gail Yeiser, Darrell Curtis, and Kevin Grim as officers. It lists Laura Heilinger as an officer until June 2024 and Sharon McClellan as an officer from July 2024.
Farm Credit Foundation for Agricultural is led by Travis Hastings, Chairperson since 2023 (on filings since 2022); 8 of 9 officers listed in 2024 are compensated.
Officers on the 2024 filing
Travis Hastings
Chairperson
Officer → Chairperson, 2023
On filings since 2022
2 hrs/week
$850 (2022) → $2K (2024)
Gail Poffenberger Yeiser
Officer
On filings since 2020
2 hrs/week
$200 (2020) → $4K (2024)
John Wheeler
Secretary & Treasurer
On filings since 2020
8 hrs/week
$6K (2020) → $6K (2024)
Laura Heilinger
Officer
On filings since 2021
2 hrs/week
$1K (2021) → $818 (2024)
Darrell Curtis
Officer
On filings since 2022
2 hrs/week
$2K (2022) → $3K (2024)
Kevin Grim
Officer
On filings since 2022
2 hrs/week
$975 (2022) → $2K (2024)
Julie Bolyard
Officer
On filings since 2023
2 hrs/week
$1K (2023) → $2K (2024)
Sharon McClellan
Officer
New on the 2024 filing
2 hrs/week
$1K (2024)
Brian Rosati
Hfc Employee & Vice Chair
Mafc Employee & Vice Chair → Hfc Employee & Vice Chair, 2022
On filings since 2020
2 hrs/week
No compensation reported
Former officers (7)
- Former: Charles Wright IV (2020–2023) — Officer
- Former: Kurt Fuchs (2021–2023) — Hfc Employee & Officer
- Former: Paul Baumgardner (2020–2022) — Officer
- Former: Anthony Ill (2020–2021) — Officer & Board Chair
- Former: Cheryl Steinbacher (2020) — Mafc Employee & Director
- Former: Karl Binns Jr. (2020) — Director
- Former: Walter Hopkins (2020) — President & Board Chair
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $6K, to John Wheeler (Secretary/Treasurer). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Farm Credit Foundation for Agricultural
How much does Farm Credit Foundation for Agricultural give each year?
Farm Credit Foundation for Agricultural gave $390K across 45 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $357K across 45 grants.
What is Farm Credit Foundation for Agricultural's typical grant size?
Farm Credit Foundation for Agricultural's median grant in 2024 was $10,000, and its average grant was $8,667, across 45 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Farm Credit Foundation for Agricultural that year got $11K on average.
Where does Farm Credit Foundation for Agricultural give grants?
Farm Credit Foundation for Agricultural's top state is Delaware, with 25% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Pennsylvania (21%) and Kentucky (8%). The most frequent recipient cities were Newwark, DE (8 grants), University Park, PA (8 grants), Lexington, KY (3 grants) and Cobleskill, NY (2 grants).
Does Farm Credit Foundation for Agricultural give general operating support?
Not in 2024: none of the 45 grants with a stated purpose on Farm Credit Foundation for Agricultural's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Agricultural Scholarship" (38 grants) and "Agricultural Education" (7 grants).
Who are Farm Credit Foundation for Agricultural's largest grantees?
Farm Credit Foundation for Agricultural's largest 2024 grantees include Pennsylvania State University ($52,500 across 8 grants), University of Delaware ($37,500 across 4 grants) and University of Kentucky ($30,000 across 3 grants), according to its 2024 IRS Form 990-PF. It also paid 6 individual scholarships ($55,000), which are not listed by name. Together they received 31% of its itemized 2024 grant dollars.
How large is Farm Credit Foundation for Agricultural?
Farm Credit Foundation for Agricultural reported $7.7M in total assets on its 2024 IRS Form 990-PF. It paid out $437K in qualifying distributions that year, against a required minimum of $456K (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.
What does Farm Credit Foundation for Agricultural fund?
The foundation’s stated purpose is to advance the future of agriculture. Its 2024 filing reports scholarships for high school and college students planning agricultural careers, as well as scholarships for high school agriculture teachers pursuing advanced degrees or continuing education credits. See mission & focus areas ↑
How do I apply for a grant from Farm Credit Foundation for Agricultural?
For college scholarships, the filing directs applicants to submit online through the foundation’s website. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Farm Credit Foundation for Agricultural funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/farm-credit-foundation-for-agricultural-morg_7535db19a5d3445aa50391d43cde52a7
BibTeX
@misc{grantable_810945517_2026,
author = {{Grantable}},
title = {{Farm Credit Foundation for Agricultural funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/farm-credit-foundation-for-agricultural-morg_7535db19a5d3445aa50391d43cde52a7},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Farm Credit Foundation for Agricultural'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.
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