New Hampshire Charitable Foundation

Organization Overview

New Hampshire Charitable Foundation is located in Concord, NH. The organization was established in 1963. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, New Hampshire Charitable Foundation employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, New Hampshire Charitable Foundation generated $84.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $65.4m during the year ending 12/2020. While expenses have increased by 6.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, New Hampshire Charitable Foundation has awarded 5,522 individual grants totaling $288,768,452. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

STATEWIDE PHILANTHROPIC ORGANIZATION STRENGTHENING COMMUNITIES AND INSPIRING GREATER GIVING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANT PROGRAM: THE NEW HAMPSHIRE CHARITABLE FOUNDATION IS THE STATE'S LARGEST PROVIDER OF GRANTS TO NONPROFITS AND SCHOLARSHIPS TO LOCAL RESIDENTS. IN 2021, THAT INCLUDED MORE THAN $66 MILLION IN GRANTS AND PROGRAM INITIATIVES, INCLUDING GRANTS TO APPROXIMATELY 2,273 NONPROFIT ORGANIZATIONS. THESE GRANTS SUPPORT NONPROFIT ORGANIZATIONS THAT ADVANCE HEALTH AND WELL-BEING, ENVIRONMENTAL PROTECTION, EDUCATION, HOUSING AND OTHER BASIC NEEDS, ARTS AND CULTURE, CIVIC HEALTH AND ECONOMIC SECURITY. MORE THAN $7.4 MILLION IN SCHOLARSHIPS WERE AWARDED TO 1,963 STUDENTS PURSUING A WIDE RANGE OF EDUCATIONAL OPPORTUNITIES, INCLUDING TRADITIONAL COLLEGES AND UNIVERSITIES, TECHNICAL TRAINING AND CERTIFICATE PROGRAMS, AS WELL AS PROGRAMS THAT PREPARE STUDENTS TO SUCCEED IN THE WORKFORCE AND IN THEIR COMMUNITY.


SPECIAL FUNDS: THERE ARE A SELECT GROUP OF FUNDS AT THE NEW HAMPSHIRE CHARITABLE FOUNDATION WHICH SUPPORT FOCUSED PROGRAMS TO RESPOND TO COMMUNITY NEEDS. THESE INCLUDE THE COMMUNITY CRISIS ACTION FUND WHICH WAS CREATED TO RESPOND TO THE COVID-19 PANDEMIC; THE NEW HAMPSHIRE TOMORROW FUND WHICH SEEKS TO INCREASE OPPORTUNITIES SO YOUNG PEOPLE CAN REACH THEIR POTENTIAL AND BE READY TO CONTRIBUTE TO NEW HAMPSHIRE'S COMMUNITIES AND WORKFORCE, THE WELLBORN ECOLOGY FUND, WHICH SEEKS TO INCREASE KNOWLEDGE OF THE ENVIRONMENT AND NATURAL HISTORY OF THE UPPER VALLEY IN NEW HAMPSHIRE AND VERMONT; THE NEIL AND LOUISE TILLOTSON FUND, WHICH SUPPORTS ECONOMIC DEVELOPMENT IN COOS COUNTY AND SURROUNDING COMMUNITIES; THE ARTIST ADVANCEMENT FUND, WHICH PROVIDES SUPPORT TO AN INDIVIDUAL ARTIST IN THE GREATER PORTSMOUTH AREA; (PROGRAM SERVICE ACCOMPLISHMENTS, SPECIAL FUNDS CONTINUED):THE UPPER CONNECTICUT RIVER MITIGATION AND ENHANCEMENT FUND, WHICH SEEKS TO RESTORE, PROTECT AND ENHANCE THE WATERSHED NEAR THE CONFLUENCE OF THE CONNECTICUT AND WHITE RIVERS; AND THE OLIVER J. AND DOROTHY PENNIMAN HUBBARD FUND, WHICH SUPPORTS EFFORTS TO PREVENT SUBSTANCE USE DISORDERS AMONG THE STATE'S RESIDENTS.


EXPENSES FOR GRANT PROGRAMS: IN THE CASE OF THESE EXCEPTIONAL FUNDS, PROGRAMS HAVE BEEN CREATED THAT CONNECT RESOURCES MADE AVAILABLE BY GENEROUS DONORS TO THE GOALS THAT MOTIVATED THEIR GIFTS. THIS EXPENSE LINE INCLUDES DEDICATED STAFF TO EXECUTE THE INTENT OF THE DONORS, COMMUNICATIONS TO PRESENT THE GOALS AND WORK OF THE FUNDS TO THE COMMUNITIES THEY SERVE, AND SUPPORT FOR CONVENING TO ADVANCE THESE GOALS.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Ober
President
$367,502
Michael Wilson
Vp/chief Financial Officer
$235,397
Katherine Merrow
VP Of Community Impact
$185,083
Jennifer Perkins
VP Of Administration
$168,191
Richard Peck
Vp, Development & Philanthropy
$163,881
Rebecca Carr
Controller
$144,056

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Portolan Capital Management
Investment Management
$465,159
Elliott Management Corporation
Investment Consultant
$455,358
Davidson Kempner Capital Management Llc
Investment Management
$405,872
Adage Capital Partners Lp
Investment Management
$404,776
Cambridge Associates
Investment Management
$403,500
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$5,672
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$69,365,352
Noncash contributions included in lines 1a–1f $12,162,142
Total Revenue from Contributions, Gifts, Grants & Similar$69,371,024
Total Program Service Revenue$1,098,711
Investment income $4,789,460
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$6,693
Net Gain/Loss on Asset Sales $8,838,129
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $84,058,560

Grants Awarded

Over the last fiscal year, New Hampshire Charitable Foundation has awarded $54,543,315 in support to 888 organizations.

Grant RecipientAmount

Tilton, NH

PURPOSE: For the capital project and financial aid

$2,077,450

THE NATURE CONSERVANCYNEW HAMPSHIRE

Org PageRecipient Profile

Arlington, VA

PURPOSE: For general support, land conservation, designated distributions, staffing costs

$1,774,943

Concord, NH

PURPOSE: For designated dist., early childhood education, SUD and other health policy work

$1,250,360

SOUTHEAST LAND TRUST OF NEW HAMPSHIRE

Org PageRecipient Profile

Epping, NH

PURPOSE: For general/operating support, salaries, conservation, bench, gift campaign, funds

$1,013,700

NH CHILDREN'S TRUST INC

Org PageRecipient Profile

Concord, NH

PURPOSE: For general support, desig. dist., multi media resource awareness, Lucy Fowlkes Breed Fund

$985,920

UNIVERSITY OF NEW HAMPSHIRE FOUNDATION INC

Org PageRecipient Profile

Durham, NH

PURPOSE: For designated distributions, general and operating support, scholarships, library

$975,751
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that New Hampshire Charitable Foundation has recieved totaling $80,000.

Awarding OrganizationAmount
Lynch Fam Charitable Foundation

Hopkinton, NH

PURPOSE: GENERAL OPERATING SUPPORT

$50,000
Wesley S Way Foundation

Manchester, NH

PURPOSE: INITIAL FUNDING OF YEARLY WESLEY'S WAY SCHOLARSHIP ADMINISTERED THROUGH THE NHCF

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$140,195,156
Earnings$26,686,530
Admin Expense$538,594
Net Contributions$2,570,260
Grants$7,075,610
Ending Balance$161,837,742

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