Spanish Mustang Foundation
Spanish Mustang Foundation is a private foundation focused on Environment & Animals, based in Santa Fe, NM. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $45K in total assets. In 2025, it awarded 3 grants totaling $9K.
Spanish Mustang Foundation at a glance
In short: Spanish Mustang Foundation gave $9K across 3 grants in 2025 (avg $3K), mostly in New Mexico. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,500
- -5.6% vs 2024
- Grants made (2025)
- 3
- -40.0% vs 2024
- Average grant
- $2,833
- +57.4% vs 2024
- Median grant
- $2,500
- Total assets
- $45,392
- +16.5% vs 2024
- Primary geography
- New Mexico (59% 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 Spanish Mustang Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Sky Mountain Wild Horse Sanctuary ($5K). Together the top 3 received $9K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Spanish Mustang Foundation gives
- Giving grew 325% from 2022 to 2025. Method
- In 2025 it paid out 814% 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 2025, annual grant giving ranged from $2K (2022) to $25K (2020). In 2025 it made 3 grants totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sky Mountain Wild Horse Sanctuary Santa Fe, NM | Cover Cost of Hay/Feed/Care for Spanish Mustangs | $5,000 |
| Return to Freedom Lompac, CA | Cover Cost of Hay/Feed/Care for Spanish Mustangs | $2,500 |
| Blue Raven Farms Spanish Mustang Foundation Inc Tyner, NC | Cover Cost of Hay/Feed/Care for Spanish Mustangs | $1,000 |
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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 | $45,392 | $23,792 | $17,359 | $8,500 | 3 | $17,359 | $2,132 |
| 2024 | $38,959 | $9,984 | $21,136 | $9,000 | 5 | $21,136 | $2,653 |
| 2023 | $50,111 | $43,746 | $21,200 | $2,500 | 4 | $21,200 | $1,423 |
| 2022 | $27,565 | $72,403 | $48,883 | $2,000 | 3 | $48,883 | $841 |
| 2021 | $4,045 | $23,810 | $24,418 | $17,404 | 5 | $24,418 | $342 |
| 2020 | $4,653 | $5,625 | $56,672 | $25,200 | 8 | — | $1,460 |
Under IRS private-foundation payout rules, Spanish Mustang Foundation reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Spanish Mustang Foundation is led by Ed Walsh, President on every filing since 2022; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ed Walsh
President
On filings since 2022
3 hrs/week
No compensation reported
Doug Lanham
Vice President
President → Vice President, 2022
On filings since 2020
2 hrs/week
No compensation reported
Jim Sloan
Advisory Board Member
Vice President → Advisory Board Member, 2022
On filings since 2020
2 hrs/week
No compensation reported
Sierra Perkins
Treasurer & Secretary
Director → Treasurer, 2022
Treasurer → Treasurer & Secretary, 2025
On filings since 2020
15 hrs/week
No compensation reported
Former officers (2)
- Former: Connie Doughman (2022–2024) — Secretary
- Former: Donna Mitchell (2020–2021) — Secretary & Treasurer
Data from IRS Form 990 filings, 2020–2025. "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 Spanish Mustang Foundation
How much does Spanish Mustang Foundation give each year?
Spanish Mustang Foundation gave $9K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9K across 5 grants.
What is Spanish Mustang Foundation's typical grant size?
Spanish Mustang Foundation's median grant in 2025 was $2,500, and its average grant was $2,833, across 3 grants on its 2025 IRS Form 990-PF.
Where does Spanish Mustang Foundation give grants?
Spanish Mustang Foundation gives mostly in New Mexico: 59% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were California (29%) and North Carolina (12%).
Does Spanish Mustang Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Spanish Mustang Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Cover Cost of Hay/Feed/Care for Spanish Mustangs" (3 grants).
How large is Spanish Mustang Foundation?
Spanish Mustang Foundation reported $45K in total assets on its 2025 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is Spanish Mustang Foundation?
Spanish Mustang Foundation is a private foundation focused on Environment & Animals, based in Santa Fe, NM. It holds $45K in total assets as of 2025.
What is Spanish Mustang Foundation's EIN?
Spanish Mustang Foundation's EIN (Employer Identification Number) is 20-0117068. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 21, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 15, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Spanish Mustang Foundation funds
Environment & Animals Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Spanish Mustang Foundation's focus areas in our free grants database
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