Overview
What is New Hampshire Charitable Foundation?
The New Hampshire Charitable Foundation, located at 37 Pleasant Street, Concord, New Hampshire, functions as the state's largest grant provider to nonprofits and scholarship provider to local residents. In 2022, the foundation granted over $52 million to around 2,283 nonprofit organizations, focusing on areas such as health and well-being, environmental protection, education, housing, arts and culture, civic health, and economic security. The organization awarded over $8 million in scholarships to 1,787 students, supporting various educational opportunities, from traditional colleges and universities to technical training and certificate programs. The New Hampshire Charitable Foundation strives to make New Hampshire a more just, sustainable, and vibrant community where everyone can thrive by supporting local nonprofits, connecting donors with community needs, collaborating with partners, advocating for important issues, and investing charitable assets. The foundation employs 62 individuals to carry out its mission.
Official website here: www.nhcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99% - Four-Star out of Four Star Rating
The New Hampshire Charitable Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a perfect score in Accountability & Finance, the foundation demonstrates effective governance, with 92% of its board members being independent, ensuring unbiased oversight and decision-making.
The organization excels in financial management, evidenced by a program expense ratio of 89.39%, which indicates that a substantial portion of its funds directly supports its mission. Additionally, its fundraising efficiency ratio of $0.032 shows that the foundation effectively utilizes resources to generate funds, minimizing costs associated with fundraising activities.
However, there is a minor limitation regarding the donor privacy policy, which is opt-out rather than opt-in, receiving a slightly lower score. Overall, the New Hampshire Charitable Foundation's high scores across various indicators speak to its reliability and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is New Hampshire Charitable Foundation legitimate?
New Hampshire Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hampshire Charitable Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,387,642
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,122,651
For more financial information, click here
Official website here: www.nhcf.org
What is the mission statement of New Hampshire Charitable Foundation?
The New Hampshire Charitable Foundation works towards making New Hampshire a more just, sustainable, and thriving community for all. They accomplish this mission by providing support to New Hampshire's nonprofit organizations and students. The foundation also connects generous donors with pressing community needs and effective ways to give. Through collaboration, relationship-building, and learning from all community partners, they advocate for important public issues. Additionally, they invest charitable assets to ensure a perpetual source of philanthropic capital, all in alignment with their purpose and values.
Official website here: www.nhcf.org
Who is the CEO of New Hampshire Charitable Foundation?
Richard Ober is the President of New Hampshire Charitable Foundation.
Official website here: www.nhcf.org
What is the revenue of New Hampshire Charitable Foundation?
New Hampshire Charitable Foundation's revenue in 2022 was $65,087,484.
Official website here: www.nhcf.org
Who are the executives of New Hampshire Charitable Foundation and what are their salaries?
The average compensation at New Hampshire Charitable Foundation during 2022 was $88,876. There are 62 employees and 103 volunteers at New Hampshire Charitable Foundation.
Here are 26 key members and their salaries:
- Compensation: $383,387
- Related: $0
- Other: $61,505
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- Compensation: $256,687
- Related: $0
- Other: $56,016
- Compensation: $170,647
- Related: $0
- Other: $51,449
- Compensation: $180,563
- Related: $0
- Other: $18,497
- Compensation: $180,613
- Related: $0
- Other: $28,278
- Compensation: $149,345
- Related: $0
- Other: $28,987
- Compensation: $138,535
- Related: $0
- Other: $23,946
- Compensation: $118,622
- Related: $0
- Other: $13,086
- Compensation: $116,600
- Related: $0
- Other: $24,587
- Compensation: $115,288
- Related: $0
- Other: $13,150
Official website here: www.nhcf.org
Where can I find the form 990 for New Hampshire Charitable Foundation?
New Hampshire Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhcf.org
Learn more at the official website: www.nhcf.org
Mission Statement of New Hampshire Charitable Foundation
The New Hampshire Charitable Foundation, a renowned philanthropic organization, is dedicated to creating a more just, sustainable, and thriving community for all New Hampshire residents. Through its mission, the Foundation supports local nonprofit organizations and students, connects generous donors with pressing community needs, fosters collaborative relationships, advocates for important public issues, and invests charitable assets in alignment with its purpose and values.
By backing New Hampshire's nonprofits and students, the Foundation plays a pivotal role in enhancing the community's social fabric and addressing the needs of its most vulnerable populations. It serves as a bridge between generous individuals and impactful causes, enabling transformative change across various sectors.
In addition to financial support, the Foundation also builds relationships and learns from its diverse community partners. It advocates for important public issues, using its voice to amplify the causes that matter most to its stakeholders. Moreover, the Foundation invests its charitable assets thoughtfully, ensuring a perpetual source of philanthropic capital for future generations. Through these various efforts, the New Hampshire Charitable Foundation continues to make a significant positive impact on the lives of New Hampshire residents.
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Impact
October, 2024
The New Hampshire Charitable Foundation plays a pivotal role in enhancing the state's community well-being through significant financial support and strategic initiatives. In 2022, it distributed over $52 million in grants and programs, benefiting approximately 2,283 nonprofit organizations across various sectors. These grants directly contribute to areas such as health and well-being, environmental protection, education, housing, arts and culture, civic health, and economic security, fostering a more just, sustainable, and vibrant community.
Additionally, the foundation awarded over $8 million in scholarships to 1,787 students, enabling them to pursue diverse educational opportunities. These scholarships support not only traditional college pathways but also technical training and workforce readiness programs. By investing in both nonprofit initiatives and educational opportunities, the New Hampshire Charitable Foundation is effectively addressing pressing community needs while fostering a future where individuals can thrive. Its commitment to collaboration and advocacy ensures that philanthropic efforts are aligned with the values and aspirations of the communities it serves.
This information is meant to be a general summary of New Hampshire Charitable Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $20,195,254
- Program Service Revenue: $125,821
- Gross Receipts: $143,267,419
Assets and Liabilities:
- Total Assets: $906,709,858
- Total Liabilities: $64,521,161
- Net Assets: $842,188,697
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Foundation Admin Fees
Revenue
$102,800
Program Loan Interest
Revenue
$13,421
Grant Administration
Revenue
$9,474
Scholarship Loan Interest
Revenue
$126
Organization Details
Founding Year
1962
Phone
(603) 225-6641Principal Officer
Richard Ober
Main Address
37 Pleasant Street, Concord, NH, 033014005
Website
www.nhcf.orgNTEE Category
Code: T310 - Philanthropy
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