Eversource Energy Foundation Inc

HARTFORD, CT EIN: 06-1527290 Website

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

Under IRS private-foundation payout rules, Eversource Energy Foundation Inc reported a distributable amount of $743K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Massachusetts $4.3M (93%)

Connecticut $241K (5%)

New Hampshire $70K (2%)

New York $5K (0%)

+7 more states

States

Connecticut District of Columbia Florida Georgia Illinois Indiana Massachusetts Maine New Hampshire New York Oklahoma Pennsylvania Rhode Island Virginia Vermont

Cities

ActonAgawamAmherstAndoverArlingtonAshfieldAshfordAshlandAtlantaAttleboroAuburnAvonBalticBarkhamstedBedfordBelchertownBerlinBethelBethlehemBlandford

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Foundation

Eversource Energy Foundation Grants

EVERSOURCE ENERGY FOUNDATION INC

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Boston Children's Hospital (ma) ($700,000), American Red Cross (ct) ($30,000), 3point Foundation (ma) ($25,000).

Recipient	Purpose	Amount
2LIFE COMMUNITIES (MA) BRIGHTON, MA	SUPPORT FOR THE SENIOR PROGRAMS AND SERVICES	$1,000
3POINT FOUNDATION (MA) BOSTON, MA	SUPPORT FOR THE COMMUNITY SERVICES AND PROGRAMS	$10,000
3POINT FOUNDATION (MA) BOSTON, MA	SUPPORT FOR THE COMMUNITY SERVICES AND PROGRAMS	$25,000
A BETTER CHANCE OF WESTPORT INC (CT) WESTPORT, CT	SUPPORT FOR THE DREAM EDUCATIONAL PROGRAMS	$1,000
ACTUP THEATER INC (CT) HARTFORD, CT	DONATION ON BEHALF OF BLACK HISTORY MONTH CELEBRATION	$1,000
ADVANCING HEROES FUND INCORPORATED (CT) SEYMOUR, CT	EDUCATIONAL GRANT AND SPONSOR OF MASQUERADE GALA	$2,500
AHERN FOUNDATION (MA) STONEHAM, MA	SUPPORT FOR THE PROGRAMS AND SERVICES	$5,000
ALLSTON BRIGHTON COMMUNITY DEVELOPMENT CORP (MA) BRIGHTON, MA	SUPPORT FOR THE RESIDENTS SERVICES AND PROGRAMS	$1,250
ALTERNATIVES FOR COMMUNITY AND ENVIRONMENT (MA) ROXBURY, MA	SUPPORT FOR THE ROXBURY ENVIRONMENTAL JUSTICE INIT	$1,500
ALWAYS HOME INC (CT) MYSTIC, CT	SUPPORT FOR THE HOMELESS PROGRAMS AND SERVICES	$1,000

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 - General

Recent 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

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Eversource Energy Foundation Inc fund?

**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 ed…

How do I apply for a grant from Eversource Energy Foundation Inc?

**Grant Ranges:** • Typical grants: $1,000–$10,000 • Community Grants: $500–$2,500 • Overall range: $250–$700,000 • Median grant amount: $2,000 **Annual Giving:** • 2024: $7.0–$7.2 million • 2023: $5.98 million across 550 grants • Total grants made (recent filing): 606 grants **Application Process:** • Application deadlines close mid-October • Decision time: 8–12 weeks • Contact: Giving@eversource.com or 860-665-3306 **Eligibility Requirements:** Applicants must be: • Based in Eversource servic…

Where does Eversource Energy Foundation Inc make grants?

The Foundation funds organizations within the Eversource service territory: • Connecticut • Massachusetts • New Hampshire

What size grants does Eversource Energy Foundation Inc award?

In 2024, Eversource Energy Foundation Inc awarded 606 grants totaling $6.2M — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Eversource Energy Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Eversource Energy Foundation Inc reported a distributable amount of $743K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Eversource Energy Foundation Inc's EIN?

Eversource Energy Foundation Inc's EIN (Employer Identification Number) is 06-1527290. IRS Form 990 filing data is available on this page for 2020–2024.