Hanover Shoe Farms Foundation Inc
Hanover Shoe Farms Foundation Inc is a private foundation, based in Hanover, PA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $1.7M in total assets. In 2023, it awarded 3 grants totaling $200K. Net investment income was $41K.
Hanover Shoe Farms Foundation Inc at a glance
In short: Hanover Shoe Farms Foundation Inc gave $200K across 3 grants in 2023 (avg $67K), mostly in Pennsylvania. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $200,000
- +53.8% vs 2022
- Grants made (2023)
- 3
- +0.0% vs 2022
- Average grant
- $66,667
- +53.8% vs 2022
- Median grant
- $50,000
- Total assets
- $1,690,319
- +9.0% vs 2022
- Primary geography
- Pennsylvania (75% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Hanover Shoe Farms Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
The largest 2023 recipient was Standardbred Racing Investig Fund S ($100K). Together the top 3 received $200K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 4 grants of 9 (44%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 3 itemized grants.
Cities
How Hanover Shoe Farms Foundation Inc gives
- Giving grew 233% from 2020 to 2023. Method
- In 2023 it paid out 153% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $60K (2020) to $200K (2023). In 2023 it made 3 grants totaling $200K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Standardbred Racing Investig Fund S Hanover, PA | General Fund | $100,000 |
| Harness Racing Museum HRM Goshen, NY | General Fund | $50,000 |
| Southeastern Adams Vol Emer Serv SA Hanover, PA | General Fund | $50,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | $1,690,319 | $352,302 | $212,597 | $200,000 | 3 | $200,000 | $40,855 | $131,142 |
| 2022 | $1,550,614 | $601,329 | $161,546 | $130,000 | 3 | $130,000 | $89,297 | $122,685 |
| 2020 | $955,775 | $63,843 | $78,818 | $60,000 | 3 | — | $24,878 | $81,350 |
Under IRS private-foundation payout rules, Hanover Shoe Farms Foundation Inc reported a distributable amount of $131K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hanover Shoe Farms Foundation Inc is led by Russell C Williams, President on every filing since 2020; none of the 5 officers listed in 2023 report compensation.
Officers on the 2023 filing
Russell C Williams
President
On filings since 2020
1 hr/week
No compensation reported
Patricia Eisenhauer
Director
On filings since 2020
1 hr/week
No compensation reported
James W Simpson
Vice President
On filings since 2020
1 hr/week
No compensation reported
Sharen Young
Treasurer
On filings since 2020
5 hrs/week
No compensation reported
Shawn R Eisenhauer
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "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 Hanover Shoe Farms Foundation Inc
How much does Hanover Shoe Farms Foundation Inc give each year?
Hanover Shoe Farms Foundation Inc gave $200K across 3 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $130K across 3 grants.
What is Hanover Shoe Farms Foundation Inc's typical grant size?
Hanover Shoe Farms Foundation Inc's median grant in 2023 was $50,000, and its average grant was $66,667, across 3 grants on its 2023 IRS Form 990-PF.
Where does Hanover Shoe Farms Foundation Inc give grants?
Hanover Shoe Farms Foundation Inc gives mostly in Pennsylvania: 75% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The next largest state was New York (25%). The most frequent recipient cities were Hanover, PA (2 grants).
Does Hanover Shoe Farms Foundation Inc give general operating support?
Yes: 100% of Hanover Shoe Farms Foundation Inc's 2023 grants with a stated purpose (3 of 3) were for general or operating support, per its 2023 IRS Form 990-PF.
How large is Hanover Shoe Farms Foundation Inc?
Hanover Shoe Farms Foundation Inc reported $1.7M in total assets on its 2023 IRS Form 990-PF. It paid out $200K in qualifying distributions that year, against a required minimum of $131K (roughly 5% of its investment assets).
What is Hanover Shoe Farms Foundation Inc's EIN?
Hanover Shoe Farms Foundation Inc's EIN (Employer Identification Number) is 23-2647725. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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