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New Hampshire Charitable Foundation

Concord, NH · EIN 02-6005625 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

New Hampshire Charitable Foundation reported $231.5 million in revenue and $86.0 million in expenses for calendar year 2024. Of every $100 it spent, $89.97 went to program services, $7.92 to management and general costs and $2.11 to fundraising. Its largest source of revenue was contributions and grants: 67.1% of the total. The highest compensation it reported for one person was $545,160 (President). 27 people received more than $100,000 in reportable compensation. Revenue rose 124% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $86M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $231M

Other revenue was negative: −$146K. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
90.0%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
7.9%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.1%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.01$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
67.1%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.1%0.0%
Highest reported compensation
Part VII-A, columns D–F
$545,160$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.63%1.56%
People paid over $100,000
Part VII, line 2
273
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
152.156.6
Independent voting board members
Part VI 1a–1b
15 of 17100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$71M expenses · 91.5% of program spending · grants $71M · revenue $157K

Grants: The New Hampshire Charitable Foundation is the state's largest provider of grants to nonprofits and scholarships to local residents. In 2024, that included more than $64 million in grants and program initiatives, including grants to 2,330 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 $8 million in scholarships were awarded to 1,973 students pursing a wide range of educational opportunities…

$1.4M expenses · 1.8% of program spending

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 Neil and Louise Tillotson Fund, which seeks to create and enhance opportunity in the North Country, reserve and uplift the historical and cultural assets that make the region unique and hold the confidence and capabilities to foster strong communities and healthy rural landscapes; the Wellborn Ecology Fund, which seeks to increase knowledge of the environment and natural history of the Upper Valley in New Hampshire and…

$5.2M expenses · 6.7% of program spending

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

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President
Director/trustee, officer, 50.00 hrs/week
$479,667$0$65,493$545,160
Chief Investment & Finance Off./SVP
Officer, 50.00 hrs/week
$335,830$0$63,645$399,475
VP Community Engagement and Impact
Key employee, 50.00 hrs/week
$174,229$0$44,026$218,255
VP Donor Engagement and Philanthropy
Key employee, 50.00 hrs/week
$176,346$0$31,250$207,596
VP of Communications & Marketing
Key employee, 50.00 hrs/week
$154,107$0$24,997$179,104
Senior Director of Accounting
Highest compensated employee, 50.00 hrs/week
$148,535$0$25,698$174,233
Director of Information Servcies
Highest compensated employee, 50.00 hrs/week
$125,328$0$47,777$173,105
Controller
Highest compensated employee, 50.00 hrs/week
$166,060$0$2,203$168,263

27 people received more than $100,000 in reportable compensation from New Hampshire Charitable Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$100M$200M$300M$400M201920202021202220232024$231M$86M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$231M$86M90.0%$1.09B$545,160
2023 ⓘ$94M$77M90.4%$936M$471,518
2022 ⓘ$65M$72M89.9%$842M$444,892
2021 ⓘ$131M$78M90.0%$1.00B$428,124
2020 ⓘ$84M$65M89.3%$881M$437,227
2019 ⓘ$103M$58M88.6%$755M$407,785

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b17 · 15 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 564
  • Volunteers Part I, line 622

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
Cambridge Associates
Investment Consultant
$728,000
Elliott Management Corporation
Investment Management
$583,811
Davidson Kempner Capital Management
Investment Management
$456,235
Adage Capital Partners LP
Investment Management
$431,026
Wellington Trust Co
Investment Management
$360,607

Individuals listed as contractors are left out. 35 contractors were paid more than $100,000 in all.

Private foundation grants it received

27 private foundations reported grants to New Hampshire Charitable Foundation totaling $8.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from New Hampshire Charitable Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New Hampshire Charitable Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All philanthropy, voluntarism & grantmaking charities · Largest charities in New Hampshire

Questions people ask

How much of New Hampshire Charitable Foundation's spending goes to programs?

In calendar year 2024, New Hampshire Charitable Foundation reported that 90.0% of its $86.0 million in expenses went to program services, 7.9% to management and general and 2.1% to fundraising (Form 990, Part IX).

How much does New Hampshire Charitable Foundation pay its top executive?

The largest total compensation New Hampshire Charitable Foundation reported for one person in calendar year 2024 was $545,160, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does New Hampshire Charitable Foundation get its money?

Of $231.5 million in revenue in calendar year 2024, 67.1% came from contributions and grants (including 0.0% from government grants) and 0.1% from program service revenue (Form 990, Part VIII).

Is New Hampshire Charitable Foundation a registered charity?

The IRS lists EIN 02-6005625 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202543169349305789 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202423179349301232 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343119349300814 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213069349302111 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123159349303607 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202033189349302913 · read the filing

All filings for EIN 02-6005625: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.