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.
Key facts about Blue Hills Foundation Inc
- EIN
- 02-0366576
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $17,028,867
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$17.0M
+5.7% YoY
Revenue
$629K
+8.8% YoY
Qualifying Distributions
$264K
+5.6% YoY
Expenses
$264K
+5.6% YoY
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $3K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
1 grants across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $17,028,867 | $16,116,806 | $15,186,138 |
| Revenue | $628,653 | $578,002 | $5,335,738 |
| Expenses | $264,425 | $250,392 | $148,324 |
| Qualifying Distributions | $264,398 | $250,392 | $148,324 |
| Net Investment Income | $593,680 | $411,123 | $268,834 |
Data update history
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
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.
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