Blue Hills Foundation Inc
Blue Hills Foundation Inc is a private foundation, based in Strafford, NH. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $17.0M in total assets. In 2025, it made $264K in qualifying distributions. Net investment income was $594K.
Blue Hills Foundation Inc at a glance
- Total assets
- $17,028,867
- +5.7% vs 2024
- Revenue (2025)
- $628,653
- +8.8% vs 2024
- Qualifying distributions (2025)
- $264,398
- +5.6% vs 2024
- Expenses (2025)
- $264,425
- +5.6% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Blue Hills Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northeast Wilderness Trust Montpelier, VT | For Charitable Purposes | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2025 | $17,028,867 | $628,653 | $264,425 | — | — | $264,398 | $593,680 |
| 2024 | $16,116,806 | $578,002 | $250,392 | — | — | $250,392 | $411,123 |
| 2023 | $15,186,138 | $5,335,738 | $148,324 | $2,500 | 1 | $148,324 | $268,834 |
| 2022 | $8,503,914 | $401,920 | $86,847 | — | — | $86,847 | $180 |
| 2021 | $8,189,135 | $63,974 | $158,601 | — | — | $158,601 | $11 |
| 2020 | $8,283,762 | $906,487 | $95,334 | — | — | — | $9,521 |
Leadership & Key People
Officers and directors from IRS filings
Blue Hills Foundation Inc is led by Philip W. Lovejoy, President on every filing since 2020; 3 of 8 officers listed in 2025 are compensated.
Officers on the 2025 filing
Philip W. Lovejoy
President
On filings since 2020
$8K (2024) → $8K (2025)
Edward R. Lovejoy
Director
On filings since 2023
$5K (2024) → $0 (2025)
Paul S. Goodof
Director
On filings since 2023
$5K (2024) → $0 (2025)
Serita Frey
Director
On filings since 2024
$5K (2024) → $5K (2025)
Henry W. Lovejoy
Director
On filings since 2020
No compensation reported
Matthew D. Tarr PhD
Director
On filings since 2023
No compensation reported
G. Montgomery Lovejoy III
Secretary
On filings since 2020
$5K (2024) → $5K (2025)
Lisa Lovejoy
Treasurer
On filings since 2021
No compensation reported
Former officers (3)
- Former: John Aber (2020–2024) — Former Director
- Former: Michael Simmons (2022–2023) — Former Director
- Former: Theodore Howard (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $8K, to Philip W Lovejoy (President). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Blue Hills Foundation Inc
How large is Blue Hills Foundation Inc?
Blue Hills Foundation Inc reported $17.0M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $629K.
Where does Blue Hills Foundation Inc operate?
Blue Hills Foundation Inc has awarded grants in Vermont.
What is Blue Hills Foundation Inc's EIN?
Blue Hills Foundation Inc's EIN (Employer Identification Number) is 02-0366576. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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