Eversource Energy Foundation Inc
The Eversource Energy Foundation Inc is an independent, nonprofit philanthropic organization established in 1998 and based in Hartford, Connecticut. It is funded exclusively by Eversource Energy shareholders and operates as a 501(c)(3) private grantmaking foundation. The Foundation invests in organizations, initiatives, and services that provide broad, meaningful, and sustainable change in the communities served by Eversource Energy.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.5M
-30.8% YoY
Annual Giving
$6.2M
+3.0% YoY
Grant Count
606
+8.0% YoY
Avg Grant Size
$10K
-4.7% YoY
Mission & Focus Areas
Mission: To help build a healthier, stronger, sustainable, and more equitable future for customers and communities.
The Foundation supports nonprofit organizations with focus on one or more of the following areas:
- Community Wellness and Basic Human Needs: Programs that provide families with essential tools and resources to meet basic health and human services needs, including food and nutritional needs, social services, and medical needs.
- Education: Programs that advance STEM education and youth development to help build a skilled, future-ready workforce.
- Environmental Stewardship: Initiatives that support environmental conservation and the preservation of shared natural spaces such as parks, greenways, and trail systems.
- Community Awareness and Engagement: Organizations that encourage and promote engagement of historically marginalized and disinvested communities.
- Economic and Workforce Development: Programs that support workforce development and expand access to education and career pathways.
Grantmaking
Applicants must be:
Grant Range
s:**
Review Cycle
close mid-October
How to Apply
**
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Geographic Focus
Where this funder awards grants
The Foundation funds organizations within the Eversource service territory:
- Connecticut
- Massachusetts
- New Hampshire
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- 2024: $12.5 million
- 2023: $18.1 million
Annual Giving:
- 2025: $7.2 million
- 2024: $7.0 million
- 2023: $5.98 million
Revenue and Expenses (2023):
- Total revenue: $20.6 million
- Total expenses: $6.02 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,483,906 | $18,053,350 | $3,428,426 |
| Revenue | $694,335 | $20,638,374 | $8,004,204 |
| Expenses | $7,091,175 | $6,019,395 | $5,249,119 |
| Qualifying Distributions | $6,163,548 | $5,984,122 | $5,467,189 |
| Net Investment Income | $658,939 | $579,851 | — |
| Distributable Amount | $742,821 | $520,929 | $138,792 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Eversource Energy Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Key Personnel:
- Joseph R Nolan Jr – Chairman and Director
- Theresa Hopkins-Staten – President
- John M Moreira – Treasurer
- Florence J Iacono – Secretary
- Cheri M Sullivan – Assistant Secretary
- James W Hunt III – Executive Director
- Gregory B Butler – Director
- Paul Chodak III – Director
- Penelope M Conner – Director
- Susan Sgroi – Director (starting 2024)
The Foundation is governed by a board of directors that reviews Foundation program guidelines to ensure alignment with organizational values, mission, and giving strategy.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH R NOLAN JR | CHAIRMAN AND DIRECTOR | 1 | — |
| THERESA HOPKINS-STATEN | PRESIDENT | 1 | — |
| JOHN M MOREIRA | TREASURER | 1 | — |
| FLORENCE J IACONO | SECRETARY | 1 | — |
| CHERI M SULLIVAN | ASSISTANT SECRETARY | 1 | — |
| JAMES W HUNT III | EXECUTIVE DIRECTOR | 1 | — |
| GREGORY B BUTLER | DIRECTOR | 1 | — |
| PAUL CHODAK III | DIRECTOR | 1 | — |
| PENELOPE M CONNER | DIRECTOR | 1 | — |
| CHRISTINE M CARMODY - THROUGH 1824 | DIRECTOR | 1 | — |
| SUSAN SGROI - STARTING 182024 | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The Foundation has made significant grants to major community organizations:
**United Way of Coastal and Western Connecticut:** $74,500 grant to address critical community needs
Eversource Energy Foundation Awards United Way of Coastal and Western Connecticut**United Way of Massachusetts Bay:** $300,000 in funding (Foundation grant plus employee donations)
United Way of Massachusetts Bay Receives $300,000 in Critical Funding from**United Way of Central and Northeastern Connecticut:** $260,000 grant
United Way of Central and Northeastern Connecticut Receives $260,000 Grant**Affordable Housing Initiative:** $1.36 million donated to local nonprofits for affordable housing
Eversource donates $1.36M to local nonprofits for affordable housing - GeneralRecent grant examples include support for:
Holiday Cards 4 Our Military – NH Challenge ($3,000)
Literacy Connect CT sponsorship ($2,500)
CT Cycling Advancement Program ($2,500)
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Eversource Energy Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities