New Hampshire Charitable Foundation

EIN: 026005625 501(c)(3) Philanthropy & Grantmaking

Concord, NH

Total Revenue
$93,727,028
Total Expenses
$77,100,407
Total Assets
$1,002,905,419
Net Assets
$936,073,757
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NH
Principal Officer
Richard Ober
Phone
6032256641
Tax Period
2023-01-01 to 2023-12-31

New Hampshire Charitable Foundation, founded in 1962, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $93.7M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.6M, a strong 18% operating margin.

Mission

We achieve our purpose by: supporting New Hampshire's nonprofit organizations and students; connecting generous people with pressing community needs and effective ways to give; collaborating, building relationships and learning from all of our community partners; advocating and using our voice on important public issues; and investing charitable assets in alignment with our purpose and values and to ensure a perpetual source of philanthropic capital.

Program Service Accomplishments

Program 1
Expenses: $63,969,290 Revenue: $135,174

The New Hampshire Charitable Foundation is the state's largest provider of grants to nonprofits and scholarships to local residents. In 2023, that included more than $56 million in grants and program...

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The New Hampshire Charitable Foundation is the state's largest provider of grants to nonprofits and scholarships to local residents. In 2023, that included more than $56 million in grants and program initiatives, including grants to 1,897 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. Nearly $8 million in scholarships were awarded to 1,835 students pursing a wide range of educations 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.

Program 2
Expenses: $1,151,762 Revenue: $0

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...

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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 Vermont; and the Artist Advancement Fund, which provides support to an individual artist in the Greater Portsmouth area.(See Schedule O for a continued description of NHCF Special Funds) Other Special Funds include: 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.

Program 3
Expenses: $4,594,214 Revenue: $0

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $66,730,002
Program Service Revenue $135,174
Investment Income $27,158,895
Other Revenue $-297,043
TOTAL REVENUE $93,727,028

Expense Breakdown

Grants Paid $63,969,290
Salaries & Benefits $7,190,881
Fundraising Expenses $1,768,754
Program Expenses $69,715,266
Other Expenses $5,940,236
TOTAL EXPENSES $77,100,407

Year-over-Year Comparison

2023 2022 Change
Revenue $93,727,028 $65,087,484 +0.4%
Expenses $77,100,407 $72,174,040 +0.1%
Net Income $16,626,621 $-7,086,556 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
60
Volunteers
29

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$802,066
Total Directors
14
$471,518
Key Employees
2
$411,657
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Ober President 50.00
Officer Director
$406,938 $64,580 $471,518
Bobbie Bagley Board Member (start 8/2023) 3.50
Director
$0 $0 $0
JerriAnne Boggis Board Member 3.50
Director
$0 $0 $0
Laurie Gabriel Board Member (start 8/2023) 3.50
Director
$0 $0 $0
Kristin Girald Board Member 3.50
Director
$0 $0 $0
Pawn Nitichan Board Member 3.50
Director
$0 $0 $0
Emmett Soldati Board Member (start 7/2023) 3.50
Director
$0 $0 $0
Ritu Gupta Ullal Board Member 3.50
Director
$0 $0 $0
Joseph G Morone Chair; Board Member 3.50
Officer Director
$0 $0 $0
Barbara Couch Vice Chair; Board Member 3.50
Officer Director
$0 $0 $0
John F Weeks Treasurer; Board Member (end 7/2023) 3.50
Officer Director
$0 $0 $0
Sarah Mattson Dustin Treasurer; Board Member 3.50
Officer Director
$0 $0 $0
A Robert Hirschfeld Secretary; Board Member (end 6/2023) 3.50
Officer Director
$0 $0 $0
Evelyn Aissa Secretary; Board Member 3.50
Officer Director
$0 $0 $0
Michael Wilson Chief Investment & Finance Off./SVP 50.00
Officer
$272,624 $57,924 $330,548
Jennifer Perkins VP of Administration 50.00
Key Emp
$191,040 $29,311 $220,351
Melinda Mosier VP Donor Engagement and Philanthropy 50.00
Key Emp
$161,510 $29,796 $191,306
Rebecca Carr Senior Director of Accounting 50.00
Highest
$159,112 $27,151 $186,263
Kristen Oliveri VP of Communications & Marketing 50.00
Highest
$149,321 $24,713 $174,034
Simon Delekta VP Community Engagement and Impact 50.00
Highest
$136,545 $40,440 $176,985
Michael Turmelle Director, Educ. & Career Initiatives 50.00
Highest
$123,577 $22,627 $146,204
Laura Rauscher Dir., Development & Philanthopy Svcs 50.00
Highest
$120,074 $25,923 $145,997
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $93,727,028 $77,100,407 $1,002,905,419 $16,626,621
2022 $65,087,484 $72,174,040 $906,709,858 $-7,086,556
2021 $131,178,906 $78,429,855 $1,078,662,816 $52,749,051
2020 $84,058,560 $65,429,476 $946,933,381 $18,629,084
2019 $103,387,258 $58,085,979 $817,470,117 $45,301,279
2018 $76,763,205 $53,855,204 $732,791,878 $22,908,001
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