Limestone Family Foundation Inc

Private foundation · Grantmaker Louisville, KY EIN: 33-2659738

Limestone Family Foundation Inc is a private foundation based in Louisville, Kentucky. In its 2025 filing, it reported 76 grants totaling $1,132,500 to charitable organizations, including organizations working in food and environmental education, youth recreation, community services, equestrian sports, and land conservation.

Key facts about Limestone Family Foundation Inc

In short: Limestone Family Foundation Inc gave $1.1M across 76 grants in 2025 (avg $15K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.

EIN
33-2659738
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$1,132,500
Grants made (2025)
76
Average grant
$14,901
Median grant
$2,500
Total assets
$11,220,428
Primary geography
Kentucky (75% of itemized 2025 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$11.2M

-2.5% YoY

Annual Giving

$1.1M

Grant Count

76

Avg Grant Size

$15K

Under IRS private-foundation payout rules, Limestone Family Foundation Inc reported a distributable amount of $1.1M for 2025 — the minimum it must pay out in qualifying distributions.

How Limestone Family Foundation Inc gives

  • In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The foundation’s 2025 filing describes a program involving the difference between the fair market value and cost of assets transferred from the W.L. Lyons Brown Foundation. It does not state a broader mission.

Its grants supported organizations with varied charitable purposes. The Food Literacy Project at Oxmoor Farm describes its mission as providing farm-based food and environmental education for youth and families. Big Horn Baseball Club says it raises funds, builds, and operates a baseball facility for young people in its area. Other grantees include organizations that support the Kentucky Horse Park, provide neighborhood-level emergency assistance, develop equestrian sports, meet basic needs for unhoused people, protect farmland, and conserve land in Kentucky’s Bluegrass region.

Grantmaking

In 2025, the foundation made 76 grants totaling $1,132,500. Grant amounts ranged from $500 to $350,000, with a median of $2,500. Its largest reported grants included:

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Geographic Focus

Where this funder awards grants

In 2025, 75% of grant dollars went to recipients in Kentucky, 14% to Wyoming, 3% each to Florida and the District of Columbia, and 2% to Virginia.

Grant Distribution by State

15states

Share of 2025 grant dollars across all 76 itemized grants.

Cities

LouisvilleLexingtonWashingtonFrankfortSheridanArlingtonBogartCalaisClarksvilleClermontColumbusCrestwoodDelray BeachEdgewaterGeorgetownGladstoneGoshenGulf StreamHarrods CreekHarrodsburg

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M0 grants2024 76 grants2025

In 2025 it made 76 grants totaling $1.1M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

The Food Literacy Project at Oxmoor Farm Inc: $350KThe Food Literacy Project atOxmoor Farm Inc$350KBig Horn Baseball Club: $150KBig Horn Baseball Club$150KKentucky Horse Park Foundation: $75KKentucky Horse Park Foundation$75KAssociation of Community Ministries: $58KAssociation of CommunityMinistries$58KEquestrian Events Inc: $50KEquestrian Events Inc$50KSt Francis in the Fields Church: $50KSt Francis in the FieldsChurch$50KCommunity Foundation of Louisville: $36KCommunity Foundation ofLouisville$36KFeed Louisville: $33KFeed Louisville$33KAmerican Farmland Trust: $25KAmerican Farmland Trust$25KBluegrass Land Conservancy: $25KBluegrass Land Conservancy$25K

The largest 2025 recipient was The Food Literacy Project at Oxmoor Farm Inc ($350K). Together the top 10 received $852K.

Grant Size Distribution

76 grants across all recorded years

70<$50K4$50–100K1$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 70 grants of 76 (92%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The Food Literacy Project at Oxmoor Farm Inc Louisville, KYSupport$350,000
Big Horn Baseball Club Sheridan, WYSupport$150,000
Kentucky Horse Park Foundation Lexington, KYSupport$75,000
Association of Community Ministries Louisville, KYSupport$58,000
Equestrian Events Inc Lexington, KYSupport$50,000
St Francis in the Fields Church Harrods Creek, KYSupport$50,000
Community Foundation of Louisville Louisville, KYSupport$36,000
Feed Louisville Louisville, KYSupport$33,000
American Farmland Trust Washington, DCSupport$25,000
Bluegrass Land Conservancy Lexington, KYSupport$25,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $11,220,428 $6,405,545 $1,194,950 $1,132,500
2024 $11,509,206 $24,364,356 — —

The 2024 filing reported no grants in the available data.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10M$20M$30M2024 2025
Metric20252024
Total Assets$11,220,428$11,509,206
Revenue$6,405,545$24,364,356
Expenses$1,194,950—
Qualifying Distributions$1,134,330—
Net Investment Income$824,288$5,219
Distributable Amount$1,116,011$3,188

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
  3. IRS filings on file for fiscal year 2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists W Austin Musselman Jr as Chairman and President, and Jane Douglass Musselman, Stella L Musselman, Carolina Clay Musselman, and George Gifford Musselman as directors.

Limestone Family Foundation Inc is led by W. Austin Musselman Jr., Chairman & President on every filing since 2024; none of the 5 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • W. Austin Musselman Jr.

    Chairman & President

    On filings since 2024

    0.1 hrs/week

    No compensation reported

  • Carolina Clay Musselman

    Director

    On filings since 2024

    0.1 hrs/week

    No compensation reported

  • George Gifford Musselman

    Director

    On filings since 2024

    0.1 hrs/week

    No compensation reported

  • Jane Douglass Musselman

    Director

    On filings since 2024

    0.1 hrs/week

    No compensation reported

  • Stella L. Musselman

    Director

    On filings since 2024

    0.1 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 5900 Us Hwy 42, Louisville, KY 40241
Phone: (866) 671-7067

Frequently asked questions about Limestone Family Foundation Inc

How much does Limestone Family Foundation Inc give each year?

Limestone Family Foundation Inc gave $1.1M across 76 grants in 2025, according to its 2025 IRS Form 990-PF.

What is Limestone Family Foundation Inc's typical grant size?

Limestone Family Foundation Inc's median grant in 2025 was $2,500, and its average grant was $14,901, across 76 grants on its 2025 IRS Form 990-PF.

Where does Limestone Family Foundation Inc give grants?

Limestone Family Foundation Inc gives mostly in Kentucky: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Wyoming (14%). The most frequent recipient cities were Louisville, KY (28 grants), Lexington, KY (14 grants), Washington, DC (3 grants) and Sheridan, WY (2 grants).

Does Limestone Family Foundation Inc give general operating support?

Not in 2025: none of the 76 grants with a stated purpose on Limestone Family Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support" (76 grants).

Who are Limestone Family Foundation Inc's largest grantees?

Limestone Family Foundation Inc's largest 2025 grantees include The Food Literacy Project at Oxmoor Farm Inc ($350,000), Big Horn Baseball Club ($150,000) and Kentucky Horse Park Foundation ($75,000), according to its 2025 IRS Form 990-PF. Together they received 51% of its itemized 2025 grant dollars.

How large is Limestone Family Foundation Inc?

Limestone Family Foundation Inc reported $11.2M in total assets on its 2025 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets).

What does Limestone Family Foundation Inc fund?

The foundation’s 2025 filing describes a program involving the difference between the fair market value and cost of assets transferred from the W.L. Lyons Brown Foundation. It does not state a broader mission. See mission & focus areas ↑

How do I apply for a grant from Limestone Family Foundation Inc?

The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Limestone Family Foundation Inc's EIN?

Limestone Family Foundation Inc's EIN (Employer Identification Number) is 33-2659738. IRS Form 990 filing data is available on this page for 2024–2025.

Does Limestone Family Foundation Inc accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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