New Hampshire Charitable Foundation
- Assets
- $946.9m
- Revenue
- $84.1m
- Investments
- $692.9m
- Employees
- 56
- Location
- Concord, NH
- Founding
- 07/1963
- Data as of
- 12/2020
- EIN
- 02-6005625
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Richard Ober President | OfficerTrustee | 50 | $367,502 |
Michael Wilson Vp/chief Financial Officer | Officer | 50 | $235,397 |
Katherine Merrow VP Of Community Impact | Officer | 50 | $185,083 |
Jennifer Perkins VP Of Administration | Officer | 50 | $168,191 |
Richard Peck Vp, Development & Philanthropy | Officer | 50 | $163,881 |
Rebecca Carr Controller | 50 | $144,056 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Portolan Capital Management Investment Management | 12/30/21 | $465,159 |
Elliott Management Corporation Investment Consultant | 12/30/21 | $455,358 |
Davidson Kempner Capital Management Llc Investment Management | 12/30/21 | $405,872 |
Adage Capital Partners Lp Investment Management | 12/30/21 | $404,776 |
Cambridge Associates Investment Management | 12/30/21 | $403,500 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,341,101 |
| Grants and other assistance to domestic individuals. | $6,472,762 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,215,408 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,335,046 |
| Compensation of current officers, directors, key employees. | $438,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,933,338 |
| Pension plan accruals and contributions | $498,055 |
| Other employee benefits | $485,533 |
| Payroll taxes | $343,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,234 |
| Fees for services: Accounting | $56,250 |
| Fees for services: Lobbying | $9,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,315,334 |
| Fees for services: Other | $1,893,337 |
| Advertising and promotion | $0 |
| Office expenses | $104,792 |
| Information technology | $432,924 |
| Royalties | $0 |
| Occupancy | $174,255 |
| Travel | $40,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,936 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,239 |
| Insurance | $51,107 |
| All other expenses | $54,505 |
| Total functional expenses | $65,429,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,749 |
| Savings and temporary cash investments | $65,899,202 |
| Pledges and grants receivable | $8,448,138 |
| Accounts receivable, net | $80,746 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,447,428 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,842 |
| Net Land, buildings, and equipment | $1,673,792 |
| Investments—publicly traded securities | $169,042,149 |
| Investments—other securities | $692,894,429 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,312,906 |
| Total assets | $946,933,381 |
| Accounts payable and accrued expenses | $807,182 |
| Grants payable | $6,913,050 |
| Deferred revenue | $3,070,059 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,909,856 |
| Total liabilities | $65,700,147 |
| Net assets without donor restrictions | $733,419,100 |
| Net assets with donor restrictions | $147,814,134 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $946,933,381 |
Grants Awarded
Over the last fiscal year, New Hampshire Charitable Foundation has awarded $54,543,315 in support to 888 organizations.
| Grant Recipient | Amount |
|---|---|
Tilton, NH PURPOSE: For the capital project and financial aid | $2,077,450 |
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 |
Epping, NH PURPOSE: For general/operating support, salaries, conservation, bench, gift campaign, funds | $1,013,700 |
Concord, NH PURPOSE: For general support, desig. dist., multi media resource awareness, Lucy Fowlkes Breed Fund | $985,920 |
Durham, NH PURPOSE: For designated distributions, general and operating support, scholarships, library | $975,751 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Hampshire Charitable Foundation has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
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 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Charitable Foundation Concord, NH | $946,933,381 | $84,058,560 |
Maine Community Foundation Inc Ellsworth, ME | $775,677,002 | $98,048,575 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
Greater Lowell Community Foundation Inc Lowell, MA | $59,223,650 | $8,473,367 |
Foundation For Metrowest Inc Natick, MA | $31,216,524 | $9,263,838 |
Community Foundation Of North Central Massachusetts Inc Fitchburg, MA | $67,231,130 | $10,261,158 |
Cambridge Community Foundation Cambridge, MA | $50,483,194 | $9,505,977 |