Hanover Shoe Farms Foundation Inc

HANOVER, PA EIN: 23-2647725

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.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$1.7M

+9.0% YoY

Annual Giving

$200K

+53.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$67K

+53.8% YoY

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.

About Hanover Shoe Farms Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $285K (73%)

New York $100K (26%)

Mississippi $5K (1%)

States

Mississippi New York Pennsylvania

Cities

GettysburgGoshenHanoverJackson

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2020
Total Assets	$1,690,319	$1,550,614	$955,775
Revenue	$352,302	$601,329	$63,843
Expenses	$212,597	$161,546	$78,818
Qualifying Distributions	$200,000	$130,000	—
Net Investment Income	$40,855	$89,297	$24,878
Distributable Amount	$131,142	$122,685	$81,350

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2023

Grant Size Distribution

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Standardbred Racing Investig Fund S ($100,000), Harness Racing Museum HRM ($50,000), Southeastern Adams Vol Emer Serv SA ($50,000).

Recipient	Purpose	Amount
Harness Racing Museum HRM Goshen, NY	General Fund	$50,000
Southeastern Adams Vol Emer Serv SA Hanover, PA	General Fund	$50,000
Standardbred Racing Investig Fund S Hanover, PA	General Fund	$100,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
Russell C Williams	President	1	—
James W Simpson	Vice President	1	—
Shawn R Eisenhauer	Secretary	1	—
Sharen Young	Treasurer	5	—
Patricia Eisenhauer	Director	1	—

Frequently Asked Questions

How large is Hanover Shoe Farms Foundation Inc?

As of 2023, Hanover Shoe Farms Foundation Inc holds $1.7M in total assets with $352K in annual revenue. It awarded 3 grants totaling $200K in 2023.

Where does Hanover Shoe Farms Foundation Inc operate?

Hanover Shoe Farms Foundation Inc has awarded grants in Mississippi, New York, Pennsylvania.

What size grants does Hanover Shoe Farms Foundation Inc award?

In 2023, Hanover Shoe Farms Foundation Inc awarded 3 grants totaling $200K — an average of about $67K per grant, based on its IRS Form 990 filings.

How much is Hanover Shoe Farms Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Hanover Shoe Farms Foundation Inc reported a distributable amount of $131K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.