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The foundation provides patient, philanthropic investment capital to for-profit social enterprises that develop products and services addressing humanity's most pressing issues. Funding is focused on scalable technology and engineering solutions that provide sustainable access to essential services. The foundation emphasizes a leader-first approach, valuing the character and competence of the organization's entrepreneurs.
Steele Foundation For Hope is a private corporation based in NASHUA, NH. The foundation received its IRS ruling in 2022. It holds total assets of $363M. Annual income is reported at $6.9M. SOFTWARE, TECHNOLOGY, AND INNOVATION COMPANIES DEVELOPING CUTTING-EDGE SOLUTIONS THAT CAN BENEFIT THE LESS FORTUNATE. According to available records, Steele Foundation For Hope has made 33 grants totaling $23.9M, with a median grant of $488K. Annual giving has decreased from $14.8M in 2022 to $9.1M in 2023. Individual grants have ranged from $60K to $3.1M, with an average award of $725K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in New Hampshire, Massachusetts, Minnesota, which account for 39% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
SOFTWARE, TECHNOLOGY, AND INNOVATION COMPANIES DEVELOPING CUTTING-EDGE SOLUTIONS THAT CAN BENEFIT THE LESS FORTUNATE.
Expenses: $85K
NON-PROFIT ORGANIZATIONS PROVIDING TRANSFORMATIONAL SERVICES THAT LEAD TO LONG TERM SOLUTIONS IN LOW- AND MIDDLE-INCOME COUNTRIES.
Expenses: $2.8M
FUNDING AND SUPPORTING THE RENOVATION AND EXPANSION OF A HOSPICE HOUSE, ADDING ADDITIONAL SUITES, EXPANDING STORAGE FACILITIES, AND UPGRADING THE EXISTING SPACE.
Expenses: $3.1M
SOFTWARE, TECHNOLOGY, AND INNOVATION COMPANIES DEVELOPING CUTTING-EDGE SOLUTIONS THAT CAN BENEFIT THE LESS FORTUNATE. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in NH, MA, MN.
Steele Foundation For Hope has distributed a total of $23.9M across 33 grants. The median grant size is $488K, with an average of $725K. Individual grants have ranged from $60K to $3.1M.
Steele Foundation For Hope typically selects its grantees rather than accepting unsolicited proposals. SEE WWW.STEELEFOUNDATIONFORHOPE.ORG, HOW WE WORK PAGE FOR AREAS OF FOCUS AND ELIGIBILITY.
Steele Foundation For Hope is headquartered in NASHUA, NH. While based in NH, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joe Exner | CEO AND DIRECTOR | $1M | $40K | $1.1M |
| Suzanne Steele | FOUNDING DIRECTOR | $0 | $0 | $0 |
| Mike Emond | DIRECTOR | $0 | $0 | $0 |
| Stuart Steele | FOUNDING DIRECTOR, PRESIDENT | $0 | $0 | $0 |
| Kevin Curran | DIRECTOR | $0 | $0 | $0 |
Total Giving
$10.1M
Total Assets
$243.3M
Fair Market Value
$243.3M
Net Worth
$143.5M
Grants Paid
$5.9M
Contributions
$5M
Net Investment Income
$0
Distribution Amount
$5.4M
Total: $124.5M
Total Grants
33
Total Giving
$23.9M
Average Grant
$725K
Median Grant
$488K
Unique Recipients
15
Most Common Grant
$500K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Project Life InternationalPROGRAM SUPPORT | Boston, MA | $500K | 2023 |
| Hospice House ProjectPROGRAM SUPPORT | Merrimack, NH | $3.1M | 2023 |
| Simprint Technology LimitedPROGRAM SUPPORT | Cambridge | $2.5M | 2023 |
| EarthenablePROGRAM SUPPORT | Jinja | $1.5M | 2023 |
| Gardens For Health InternationalPROGRAM SUPPORT | Cambridge, MA | $528K |
BLOOMINGTON, IN
YARDLEY, PA
DARTMOUTH, MA
NEW CARLISLE, OH
ANAHEIM, CA
| Joe Simone |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| Howard Brodsky | DIRECTOR | $0 | $0 | $0 |
| Chad Gifford | DIRECTOR | $0 | $0 | $0 |
| Katie Emond | DIRECTOR | $0 | $0 | $0 |
| Jamie Steele | DIRECTOR | $0 | $0 | $0 |
| Jane Exner | SECRETARY & TREASURER | $0 | $0 | $0 |
| Art Desaulnier | DIRECTOR | $0 | $0 | $0 |
| Erinn Steele | DIRECTOR | $0 | $0 | $0 |
| Tom Warren | DIRECTOR | $0 | $0 | $0 |
| 2023 |
| Building TomorrowPROGRAM SUPPORT | Indianapolis, IN | $450K | 2023 |
| Kickstart InternationalPROGRAM SUPPORT | San Francisco, CA | $250K | 2023 |
| AkirachixPROGRAM SUPPORT | Nairobi | $250K | 2023 |
| Village Hopecore InternationalPROGRAM SUPPORT | Stockton, CA | $100K | 2023 |
| AlightPROGRAM SUPPORT | Minneapolis, MN | $1M | 2022 |
| World Central KitchenPROGRAM SUPPORT | Washington, DC | $500K | 2022 |
| Community Organized Relief EffortPROGRAM SUPPORT | Los Angeles, CA | $500K | 2022 |
| Water Access RwandaPROGRAM SUPPORT | Kigali | $488K | 2022 |
| Home Health & Hospice CarePROGRAM SUPPORT | Merrimack, NH | $424K | 2022 |
| Families In TransitionPROGRAM SUPPORT | Manchester, NH | $100K | 2022 |
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