Eric D And Steven D Hovde Foundation is a private trust based in MADISON, WI. The foundation received its IRS ruling in 1999. It holds total assets of $6.9M. Annual income is reported at $482K. Many Hopes Many Hopes rescues children from oppression and raises them to be adults of influence equipped to do justice for others, causing exponential impact. Through their partnerships with organizations in 6 countries, Many Hopes walks with children through six stages of the Arc to Influence child development model. Over 675 children have benefitted their support in 2022. According to available records, Eric D And Steven D Hovde Foundation has made 62 grants totaling $6.3M, with a median grant of $25K. Annual giving has grown from $661K in 2021 to $1.7M in 2023. Grantmaking activity was highest in 2022 with $3.9M distributed across 32 grants. Individual grants have ranged from $400 to $1.3M, with an average award of $102K. The foundation has supported 26 unique organizations. The foundation primarily supports organizations in New York, Wisconsin, Washington, which account for 63% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Peru Hovde House This facility houses 32 girls, all victims of sexual abuse. Several of them at any time are pregnant or bearing young children as a result of their abuse. This home is a shelter, where the girls find refuge, love, education, healthcare, nutrition, and parenting skills while their aggressors face justice. The girls do not return home until their aggressors are in jail. The Hovde Foundation donated $338,114 this year to support operating expenses as well as the transition of the program's management to a new organization.
Expenses: $338K
Ghana Hovde House Our partner in Ghana, Challenging Heights, rescues children from slavery/trafficking on Lake Volta, helps them recover from the atrocities they experienced and then reintegrates them with their families. The Hovde Foundation funded $241,353 this year to make critical repairs to the rehabilitation shelter as well as to support the shelter's operating expenses.
Expenses: $241K
Rwanda Hovde House Our partner in Rwanda, Hope for Life, provides physical, emotional and spiritual healing for orphaned, neglected and abandoned children in and around Kigali, Rwanda. They have been growing steadily over the last few years and are in need of more space, and last year we decided to help them build a second Hovde Home. The new home will house up to 32 additional children. This year, the Hovde Foundation granted $216,838 for construction and operational expenses.
Expenses: $217K
Bolivia Hovde House Our partner, Alalay, provides holistic care and education to street children in Bolivia. The Hovde Home specifically cares for 30 abandoned and abused girls who were working the streets of La Paz and El Alto. This year, the Hovde Foundation provided $111,415 for operational expenses.
Expenses: $111K
Many Hopes Many Hopes rescues children from oppression and raises them to be adults of influence equipped to do justice for others, causing exponential impact. Through their partnerships with organizations in 6 countries, Many Hopes walks with children through six stages of the Arc to Influence child development model. Over 675 children have benefitted their support in 2022. Based on available records, the foundation has funded 62 grants. Its grantmaking reaches organizations primarily in NY, WI, WA.
Eric D And Steven D Hovde Foundation has distributed a total of $6.3M across 62 grants. The median grant size is $25K, with an average of $102K. Individual grants have ranged from $400 to $1.3M.
Eric D And Steven D Hovde Foundation typically selects its grantees rather than accepting unsolicited proposals.
Eric D And Steven D Hovde Foundation is headquartered in MADISON, WI. While based in WI, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nicole Bice | Executive Director | $138K | $8K | $146K |
| Steven D Hovde | Trustee | $0 | $0 | $0 |
| Eric D Hovde | Trustee | $0 | $0 | $0 |
Total Giving
$2.6M
Total Assets
$9.2M
Fair Market Value
$9.2M
Net Worth
$8.9M
Grants Paid
$1.9M
Contributions
$4K
Net Investment Income
$96K
Distribution Amount
$433K
Total: $280K
Total Grants
62
Total Giving
$6.3M
Average Grant
$102K
Median Grant
$25K
Unique Recipients
26
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmySupport of Capital Campaign | Madison, WI | $150K | 2023 |
| ThornFirst disbursement of 5 year commitment of $250,000 | El Segundo, CA | $50K | 2023 |
| Many HopesGeneral contribution to Many Hopes in support of other partners in several countries | Bronxville, NY | $716K | 2023 |
| Asociacion Nuevo Amanecer JuntosHovde House Peru - operations | Hunuco | $246K | 2023 |
BURKEVILLE, VA
DARTMOUTH, MA
SCOTTSVILLE, KY
WESTERVILLE, OH
EVANSVILLE, IN
| Hogar De Ninos AlalayHovde House Bolivia |
| La Paz |
| $108K |
| 2023 |
| Challenging HeightsHovde House Ghana | Accra | $100K | 2023 |
| Pothawira InternationalSupport initiatives for women & children in Malawi | Spring, TX | $51K | 2023 |
| Escuela De La CalleGuatemala Operating Expenses | Quetzaltengango | $50K | 2023 |
| The River Food PantryRiver Food Pantry Pledge | Madison, WI | $50K | 2023 |
| One City Schools Foundation IncCapital Campaign Support | Madison, WI | $50K | 2023 |
| Rostro Je La JusticiaConstruction costs for Costa Rica Hovde House | Barrio Escalante San Jose | $41K | 2023 |
| Hope For LifeSupport Rwanda youth with trauma informed interventions to escape homelessness | Seattle, WA | $30K | 2023 |
| The Playing FieldThe World We Imagine | Madison, WI | $25K | 2023 |
| Clean Lakes AllianceTable sponsorship for annual meeting | Madison, WI | $15K | 2023 |
| Extended Hands Pantry IncWarehouse Upgrades | Madison, WI | $10K | 2023 |
| Horizon High School Of MadisonHorizon Grant - Summer School 2023 | Madison, WI | $5K | 2023 |
| Local 311 CharitiesRichard Garner Memorial Scholarship Fund | Madison, WI | $1K | 2023 |
| Junior Achievement Of Wisconsin2022-23 Dane Area Corporate Campaign | Monona, WI | $1K | 2023 |
| Bethel Horizons Foundation Inc2022 Contribution | Madison, WI | $25K | 2022 |
| Legado De Esperanza FoundationHovde House Honduras - operations | Wilmington, DE | $16K | 2022 |
| The Road Home Of Dane County2020-2022 Pledges | Madison, WI | $15K | 2022 |
| Center For Community StewardshipCARE Sponsor for Sex Trafficking Awareness Initiative | Madison, WI | $1K | 2022 |
| Badger Boys StateGrant Request - Student sponsorship | Portage, WI | $400 | 2022 |
| Bethel Horizons Foundation50th Anniversary Campaign & Trail Upgrade Project | Madison, WI | $50K | 2021 |
| Madison Area Food PantrySupport the mission of Madison area food pantry gardens | Madison, WI | $5K | 2021 |
| Junior AchievementCampaign pledge. | Monona, WI | $1K | 2021 |
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