Skip to content
Middleground Capital Charitable Foundation at a glanceAlso receives grants: funding profile →

· Private foundation

Middleground Capital Charitable Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$342k
Granted FY2025still arriving
25
Grants FY2025still arriving
7
States reached
$200k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0199% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2023 to 2025.

Education$211kAnimals$180kPhilanthropy$150kRecreation & Sports$105kCommunity Improvement$50kHuman Services$49kHealth$40kYouth Development$28kOther$0
02FY2025 · 25 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k18 grants · $29k
  • $10k–50k5 grants · $64k
  • $50k–250k2 grants · $250k
$1,560
Median grant
7
States reached
$45k
Total assets
Largest grants
RecipientAmount
UNIVERSITY OF KENTUCKY GATON COLLEGE OF BUSINESS$200,000
LEXINGTON CENTER CORP$50,015
YMCA OF CENTRAL KENTUCKY$20,000
AMERICAN NATIONAL RED CROSS$12,500
JUNIOR ACHIEVEMENT OF THE BLUEGRASS$11,095
NORTON'S CHILDREN'S HOSPITAL FOUNDATION$10,000
BIG BROTHERS-BIG SISTERS OF THE BLUEGRASS INC$10,000
BETTY'S BRAVE & BEAUTIFUL HEARTS FOUNDATION$7,515
GENERATIONS GROW NETWORK INC$5,695
FOOD BANK OF NEW YORK CITY$5,000
MATHCOUNTS FOUNDATION$2,500
ELIZABETH'S VILLAGE (SCOTT COUNTY HOSPITALITY HOUSE INC)$1,788
LEXINGTON CHILDREN'S MUSEUM$1,560
SALVATION ARMY$1,205
WOUNDED WARRIOR PROJECT$833
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY23–25, $35k) land where the poverty rate runs at 14%, against an area that typically sits at 11%. 98% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 11%H O P E DOMINICAN REPUBLIC: $500 → 11%WOUNDED WARRIOR PROJECT: $833 → 14%OLENTANGY ATHLETIC BOOSTERS INC: $104 → 5%GENERATIONS GROW NETWORK INC: $6k → 11%RESOURCES FOR CHILDREN WITH SPECIAL NEEDS INC: $128 → 17%AMERICAN NATIONAL RED CROSS: $15k → 14%GENERATIONS GROW NETWORK INC: $511 → 11%AMERICAN NATIONAL RED CROSS: $13k → 14%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

ME
MI
NY
OH
CT
CA
KY
VA
MD
TN
NC
SC
DC
OK
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

20%of every dollar goes to organizations it has funded before.
$167k · 12 repeat orgs$682k to everyone else

12 repeat relationships: 11 still active in FY2025, 1 since wound down; 14 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

12
46

Total granted

$167k
$422k

Median revenue growth · since first grant

0%
+7%

Still filing today

67%
80%

New vs renewed · share of each year

In FY2025, 24% of grant dollars renewed an existing relationship; $260k went to new ones.

50%100%’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’23’24’25
AnimalsHuman ServicesEducationPhilanthropyHealthReligionOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • YM
    YOUNG MEN'S CHRISTIAN ASSOCIATION OF GREATER LEXINGTON KENTUCKY
    2× · 2024–2025 · $40k · revenue 0%
  • AN
    American National Red Cross & Its Constituent Chapters and Branches
    2× · 2024–2025 · $28k · revenue +3%
  • BB
    BIG BROTHERS BIG SISTERS OF THE BLUEGRASS INC
    3× · 2023–2025 · $27k · revenue -3%

Funded once

  • JH
    JACK HARLOW FOUNDATION INC
    one grant, 2024 · $100k
  • TB
    THE BACKSIDE LEARNING CENTER INC
    one grant, 2024 · $100k · revenue -12%
  • MC
    MAREWORTHY CHARITIES INC
    one grant, 2024 · $45k · 29% of their budget
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Hope After Racing Thoroughbreds

The organization is to be a refuge for noncompetitive, sometimes injured racehorses providing a peaceful environment and skilled hands to assist in their development, rehabilitate or re-train after racing career is over. to place these…

Animals
2
Thoroughbred Retirement Network of Louisiana

TRNL is dedicated to rescuing, rehabilitating, retraining, retiring and rehoming thoroughbred ex-racehorses.

Animals
3
Take 2 Second Career Thoroughbred Program Inc

The take2 second career thoroughbred program inc is committed to promoting and developing second careers for racehorses when they have retired from racing.

Animals
4
Pastures of Point Lookout Inc
Animals
5
Kentucky Equine Humane Center Inc

The mission of the kentucky equine humane center, inc (kyehc) is to create second chances for kentucky's equines through care, retraingin, and adoption, while educating the public to ensure every horse thrives.

Animals
6
Communication Alliance to Network Thorougbred Ex-Racehorses

Provide new careers for retired thoroughbred horses

Animals
7
Second Stride Inc

We provide professional rehabilitation, retraining, and placement of retired thoroughbred racehorses with qualified adopters. we specialize in transitioning thoroughbreds with the proper care and quality training they need to succeed in…

Philanthropy
8
Beyond the Wire Inc

To provide dedicated and compassionate care for retired and abandoned maryland thoroughbred race horses, to protect and rehabilitate maryland thoroughbred race horses; to promote second careers for retired maryland thoroughbred race horses…

Animals
9
Athelets 4 Life Racehorse Retirement Rehabilitation

Rescue former racehorses, provide retraining, provide rehabilitation and rehoming.

Animals
10
National Thoroughbred Racing Association Inc

The ntra is a broadly defined membership association that is charged with increasing the popularity, welfare and integrity of thoroughbred racing.

—
11
Horse Haven of Tennessee Inc

To rescue, rehabilitate, and re-home god's neglected or abused equine through programs of shelter, adoption, education, and assistance.

Youth Development
12
Second Call Thoroughbred Adoption and Placement in

The mission is to help ex racehorses find a second career when they are finished racing. Each horse is evaluated and rehabilitated as needed and placed with qualified adopters.

Animals
How this is measured
The grantee most central to the portfolio’s shape is Thoroughbred Retirement Foundation Inc; the most unlike its peers is Hope Life Global. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

53 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 53 of the 73 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

1
Load-bearing (≥25% of a budget)
4
Early backer (in before they grew)
52/53
Grantees still filing
24/53
Grew since first funded

Where the money sits, by cause and then by grantee

UNIVERSITY OF KENTUCKY GATON COLLEGE OF BUSINESS: $200,000 · OtherUNIVERSITY OF KENTUCKY GATON COLLEGE OF BUSINESSTHE BACKSIDE LEARNING CENTER INC: $100,000 · OtherTHE BACKSIDE LEARNING CENTER INCYOUNG MEN'S CHRISTIAN ASSOCIATION OF GREATER LEXINGTON KENTUCKY: $40,000 · OtherYOUNG MEN'S CHRISTIAN ASSOCIATION OF GREATER LEXINGTON K…BIG BROTHERS BIG SISTERS OF THE BLUEGRASS INC: $27,100 · OtherBIG BROTHERS BIG SISTERS OF THE BLUEGRASS INCNORTON'S CHILDREN'S HOSPITAL FOUNDATION: $20,000 · Other+35 more: $59,733 · Other+35 moreMAREWORTHY CHARITIES INC: $45,000 · AnimalsMAREWORTHY CHARITIES…RETIRED RACEHORSE PROJECT LTD: $32,500 · AnimalsRETIRED RACEHORSE PR…AFTER THE RACES INC: $32,500 · AnimalsAFTER THE RACES INC+12 more: $55,100 · Animals+12 moreJACK HARLOW FOUNDATION INC: $100,000 · PhilanthropyJACK HARLOW FOUNDA…BLUE GRASS COMMUNITY FOUNDATION INC: $50,015 · PhilanthropyBLUE GRASS COMMUNI…+2 more: $604 · PhilanthropyLEXINGTON CENTER CORPORATION: $50,015 · Community ImprovementFOOD BANK FOR NEW YORK CITY: $5,000 · Community ImprovementAmerican National Red Cross & Its Constituent Chapters and Branches: $27,576 · Human ServicesGENERATIONS GROW NETWORK INC: $6,206 · Human ServicesWEDNESDAYS CHILD INC: $4,200 · Human Services+5 more: $2,080 · Human ServicesJunior Achievement of the Bluegrass Inc: $23,280 · InternationalBETTYS BRAVE & BEAUTIFUL HEARTS FOUNDATION INC: $12,515 · HealthRACING FOR HOME INC: $5,000 · HealthPANCREATIC CANCER ACTION NETWORK INC: $780 · Health
Other$446,833Animals$165,100Philanthropy$150,619Community Improvement$55,015Human Services$40,062International$23,280Health$18,295

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetJACK HARLOW FOUNDATION INC: $100,000 over 1y, 21% of budgetTHE BACKSIDE LEARNING CENTER INC: $100,000 over 1y, 6.8% of budgetBLUE GRASS COMMUNITY FOUNDATION INC: $50,015 over 2y, 0.1% of budgetLEXINGTON CENTER CORPORATION: $50,015 over 1y, 0.1% of budgetMAREWORTHY CHARITIES INC: $45,000 over 1y, 29% of budgetYOUNG MEN'S CHRISTIAN ASSOCIATION OF GREATER LEXINGTON KENTUCKY: $40,000 over 2y, 0.1% of budgetRETIRED RACEHORSE PROJECT LTD: $32,500 over 1y, 4.2% of budgetAFTER THE RACES INC: $32,500 over 1y, 3.7% of budgetAmerican National Red Cross & Its Constituent Chapters and Branches: $27,576 over 2y, 0.0% of budgetBIG BROTHERS BIG SISTERS OF THE BLUEGRASS INC: $27,100 over 3y, 1.5% of budgetJunior Achievement of the Bluegrass Inc: $23,280 over 2y, 1.8% of budgetBETTYS BRAVE & BEAUTIFUL HEARTS FOUNDATION INC: $12,515 over 2y, 4.0% of budgetLEXINGTON HABITAT FOR HUMANITY INC: $6,500 over 1y, 0.2% of budgetGENERATIONS GROW NETWORK INC: $6,206 over 2y, 0.4% of budgetSECRETARIAT CENTER INC: $5,000 over 1y, 1.4% of budgetMIDATLANTIC HORSE RESCUE INC: $5,000 over 1y, 0.9% of budgetTHE EXCELLER FUND INC: $5,000 over 1y, 2.9% of budgetNEW VOCATIONS RACEHORSE ADOPTION: $5,000 over 1y, 0.1% of budgetSECOND CHANCE THOROUGHBREDS INC: $5,000 over 1y, 5.9% of budgetOUR MIMS RETIREMENT HAVEN INC: $5,000 over 1y, 3.7% of budgetTHOROUGHBRED CHARITIES OF AMERICA INC: $5,000 over 1y, 0.6% of budgetMATHCOUNTS Foundation: $5,000 over 2y, 0.1% of budgetAFTER THE FINISH LINE: $5,000 over 1y, 5.1% of budgetFOOD BANK FOR NEW YORK CITY: $5,000 over 1y, 0.0% of budgetOld Friends Inc: $5,000 over 1y, 0.1% of budgetTHOROUGHBRED AFTERCARE ALLIANCE FOUNDATI DBA THOROUGHBRED AFTERCARE ALLIANCE: $5,000 over 1y, 0.1% of budgetTHOROUGHBRED RETIREMENT FOUNDATION INC: $5,000 over 1y, 0.1% of budgetRACING FOR HOME INC: $5,000 over 1y, 2.2% of budgetWEDNESDAYS CHILD INC: $4,200 over 1y, 2.8% of budgetLEXINGTON CHILDREN'S MUSEUM: $1,560 over 1y, 0.1% of budgetUNIVERSITY OF PIKEVILLE: $1,200 over 1y, 0.0% of budgetGOD'S LOVE WE DELIVER INC: $1,035 over 1y, 0.0% of budgetWOUNDED WARRIOR PROJECT INC: $833 over 1y, 0.0% of budgetPANCREATIC CANCER ACTION NETWORK INC: $780 over 2y, 0.0% of budgetTHE GATHERING PLACE MISSION INC: $516 over 1y, 0.1% of budgetOPEN DOOR OF HOPE INC: $515 over 1y, 0.0% of budgetASSURANCE FOR LIFE INC: $511 over 1y, 0.1% of budgetEVERY NATION CINCINNATI CHURCH: $506 over 1y, 0.0% of budgetENDOMETRIOSIS FOUNDATION OF AMERICA INC: $500 over 1y, 0.0% of budgetCHHANDAYAN INC: $500 over 1y, 0.2% of budgetHOPE Life Global: $500 over 1y, 0.3% of budgetBLUEGRASS GREENSOURCE INC: $500 over 1y, 0.1% of budgetFATHERS LOVE INC: $500 over 1y, 0.1% of budgetNATIONAL HONORARY BETA CLUB: $350 over 1y, 0.0% of budgetNATURAL RESOURCES DEFENSE COUNCIL INC: $250 over 1y, 0.0% of budgetRESOURCES FOR CHILDREN WITH SPECIAL NEEDS INC: $128 over 1y, 0.0% of budgetUNITED WAY OF ASHEVILLE AND BUNCOMBE COUNTY INC: $104 over 1y, 0.0% of budgetOlentangy Athletic Boosters Inc: $104 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Blue Grass Community …Honorable Order of Ke…Churchill Downs Incor…Thoroughbred Charitie…Thoroughbred Aftercar…The American Society …W L Lyons Brown Found…LG&E and Ku Foundatio…Baird Foundation IncAmerican Water Charit…Limestone Family Foun…The Charles and Mary …
Blue Grass Community Foundation IncKY28.5× affinity12 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Blue Grass Community Foundation Inc · Honorable Order of Kentucky Colonels Inc · Churchill Downs Incorporated Foundation · Thoroughbred Charities of America Inc · Thoroughbred Aftercare Alliance Foundati Dba Thoroughbred Aftercare Alliance · The American Society for the Prevention of Cruelty to Animals · W L Lyons Brown Foundation · LG&E and Ku Foundation Inc · Baird Foundation Inc · American Water Charitable Foundationinc · Limestone Family Foundation Inc · The Charles and Mary Heider Family Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Middleground Capital Charitable Foundation funds: left to right is the share of its income from government, bottom to top the share from Middleground Capital Charitable Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 30%2%8%17%30%funder's share of their income ↑0%4%8%11%15%share of the org’s income from government →median 0%
  • Wounded Warrior Project Inc: 0% of income from government
no gov moneyreceives it· size = income
3get no government money at all
9report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–15%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 73 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Middleground Capital’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home