Horseman's Welfare Trust
Horseman's Welfare Trust is a private foundation, based in Dover, DE. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $7K in total assets. In 2025, it awarded 2 grants totaling $7K.
Horseman's Welfare Trust at a glance
In short: Horseman's Welfare Trust gave $7K across 2 grants in 2025 (avg $4K), mostly in Delaware. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,000
- -68.0% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $3,500
- -68.0% vs 2024
- Median grant
- $3,500
- Total assets
- $7,107
- +42.1% vs 2024
- Primary geography
- Delaware (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Horseman's Welfare Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Melvin Funeral Home ($5K). Together the top 2 received $7K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Horseman's Welfare Trust gives
- Giving fell 71% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2021 to 2025, annual grant giving ranged from $1K (2021) to $24K (2022). In 2025 it made 2 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Melvin Funeral Home Harrington, DE | Donation to Benefit for Member | $5,000 |
| US Bank Dover, DE | Donation to Benefit for Member | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $7,107 | $10,000 | $7,896 | $7,000 | 2 | $7,000 | $298 |
| 2024 | $5,003 | $25,900 | $22,687 | $21,900 | 2 | $21,900 | $167 |
| 2023 | $1,790 | $4,760 | $24,742 | $24,079 | 3 | $24,079 | $580 |
| 2022 | $21,772 | $18,500 | $24,931 | $24,371 | 7 | $24,371 | $1,220 |
| 2021 | $28,203 | $20,800 | $2,003 | $1,420 | 2 | — | $462 |
| 2020 | $9,406 | $1,050 | $683 | — | — | — | $442 |
| 2019 | $8,539 | $50 | $595 | — | — | — | $434 |
Under IRS private-foundation payout rules, Horseman's Welfare Trust reported a distributable amount of $298 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Horseman's Welfare Trust is led by Andrew Markano, Chairman on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Andrew Markano
Chairman
On filings since 2019
1 hr/week
No compensation reported
John Hensley
Director
On filings since 2024
1 hr/week
No compensation reported
Sal Dimario
Vice Chair
On filings since 2024
1 hr/week
No compensation reported
Former officers (2)
- Former: Kenny Wood (2019–2023) — Secretary
- Former: Salvatore Dimario (2019–2023) — Vice Chair
Data from IRS Form 990 filings, 2019–2025. "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 Horseman's Welfare Trust
How much does Horseman's Welfare Trust give each year?
Horseman's Welfare Trust gave $7K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $22K across 2 grants.
How large is Horseman's Welfare Trust?
Horseman's Welfare Trust reported $7K in total assets on its 2025 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $298 (roughly 5% of its investment assets).
Where does Horseman's Welfare Trust operate?
Horseman's Welfare Trust has awarded grants in Delaware, Iowa, Missouri, Texas.
What is Horseman's Welfare Trust's EIN?
Horseman's Welfare Trust's EIN (Employer Identification Number) is 23-7097419. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS January 22, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 18, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 20, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 26, 2026)
- IRS filings on file for fiscal years 2019–2025
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