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Churchill Downs Foundation Inc. is a private corporation based in LOUISVILLE, KY. The foundation received its IRS ruling in 2001. The principal officer is Vicki L Baumgardner. It holds total assets of $223K. Annual income is reported at $246K. Total assets have decreased from $525K in 2011 to $223K in 2024. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in Kentucky and New York. According to available records, Churchill Downs Foundation Inc. has made 44 grants totaling $1.1M, with a median grant of $10K. Annual giving has decreased from $346K in 2020 to $205K in 2023. Grantmaking activity was highest in 2022 with $534K distributed across 14 grants. Individual grants have ranged from $520 to $200K, with an average award of $25K. The foundation has supported 26 unique organizations. The foundation primarily supports organizations in Kentucky, California, Maryland, which account for 73% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$520
Median Grant
$5K
Average Grant
$20K
Largest Grant
$100K
Based on 17 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Churchill Downs Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 44 grants. Its grantmaking reaches organizations primarily in KY, CA, MD.
Churchill Downs Foundation Inc. has distributed a total of $1.1M across 44 grants. The median grant size is $10K, with an average of $25K. Individual grants have ranged from $520 to $200K.
The application deadline is GRANT APPLICATIONS MUST BE SUBMITTED IN ITS ENTIRETY, WITH ALL REQUIREMENTS. Foundation support can only be contributed to non-profit organizations classified as a 501(c)(3) tax-exempt by the internal revenue service. Individuals and private foundations are not eligible to receive funds. Religious organizations are not eligible for foundation support except those religious educational institutions that are classified as 501(c)3 tax-exempt, and are fully accredited public or private educational institutions, including primary and secondary schools.
Churchill Downs Foundation Inc. is headquartered in LOUISVILLE, KY. While based in KY, the foundation distributes grants to organizations across 13 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael W Anderson | EXECUTIVE DIRECTOR | $0 | $0 | N/A |
| Neal Curtis | DIRECTOR | $0 | $0 | N/A |
| Jon Rauch | DIRECTOR | $0 | $0 | N/A |
| Cathy Shircliff | SECRETARY | $0 | $0 | N/A |
| Philip Forbis | TREASURER | $0 | $0 | N/A |
| Tonya Abeln | PRESIDENT | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$223K
Fair Market Value
N/A
Net Worth
$223K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
44
Total Giving
$1.1M
Average Grant
$25K
Median Grant
$10K
Unique Recipients
26
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lee FoundationCHARITABLE | Washington, DC | $50K | 2020 |
| Backside Learning CenterCHARITABLE | Louisville, KY | $50K | 2023 |
| Kentucky Derby Festival IncCHARITABLE | Louisville, KY | $50K | 2023 |
| Retired Racehorse ProjectCHARITABLE | Edgewater, MD | $20K | 2023 |
| Kentucky Racetrack Chaplaincy IncCHARITABLE | Lexington, KY | $20K | 2023 |
| New Vocations Racehorse Adoption ProgramCHARITABLE | Lexington, KY | $15K | 2023 |
| Thoroughbred Retirement FoundationCHARITABLE | Saratoga Springs, NY | $10K | 2023 |
| Thoroughbred Charities Of AmericaCHARITABLE | Lexington, KY | $10K | 2023 |
| Second Stride IncCHARITABLE | Crestwood, KY | $10K | 2023 |
| The Kentucky Humane Society Animal RescueCHARITABLE | Louisville, KY | $10K | 2023 |
| Amplify HorseracingCHARITABLE | Lexington, KY | $10K | 2023 |
| Kentucky Derby Museum CorporationCHARITABLE | Louisville, KY | $2K | 2022 |
| Galloping OutCHARITABLE | North Riverside, IL | $2K | 2021 |
| Bright Futures FarmCHARITABLE | Cochranton, PA | $2K | 2021 |
| Equestrian IncCHARITABLE | Tampa, FL | $1K | 2021 |
| Team Kentucky FundCHARITABLE | Frankfort, KY | $100K | 2020 |
| Direct ReliefCHARITABLE | Santa Barbara, CA | $100K | 2020 |
| Kentucky Science CenterCHARITABLE | Louisville, KY | $25K | 2020 |
| Relief For Equine Industry Needs (Rein) FundCHARITABLE | Louisville, KY | $25K | 2020 |
| U Of L Athletic AssociationCHARITABLE | Louisville, KY | $10K | 2020 |
| Friends Of FerdinandCHARITABLE | Mooresville, IN | $3K | 2020 |
| Finger Lakes Thoroughbred Adoption ProgramCHARITABLE | Farmington, NY | $2K | 2020 |
| Second Wind Thoroughbred ProjectCHARITABLE | Bishopville, SC | $2K | 2020 |
| This Old HorseCHARITABLE | Hastings, MN | $2K | 2020 |
| Thoroughbred Retirement Network Of LouisianaCHARITABLE | Covington, LA | $780 | 2020 |
| Canter KentuckyCHARITABLE | Mentor, OH | $520 | 2020 |
FT MITCHELL, KY
LAGRANGE, KY
COVINGTON, KY