Good Hope Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 13 grants totaling $128K. Net investment income was $134K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+0.3% YoY
Annual Giving
$128K
+22.5% YoY
Grant Count
13
+30.0% YoY
Avg Grant Size
$10K
-5.8% YoY
Under IRS private-foundation payout rules, Good Hope Foundation Inc reported a distributable amount of $150K for 2024 — the minimum it must pay out in qualifying distributions.
About Good Hope Foundation Inc
Based on IRS filings
Good Hope Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 13 grants totaling $128K. Net investment income was $134K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,086,793 | $1,083,621 | $1,073,888 |
| Revenue | $134,654 | $103,334 | $13,988 |
| Expenses | $129,825 | $106,417 | $131,764 |
| Qualifying Distributions | $128,912 | $105,362 | $130,862 |
| Net Investment Income | $133,741 | $102,279 | $17,900 |
| Distributable Amount | $150,040 | $125,950 | $129,478 |
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
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lustgarten Pancreatic Cancer Research Foundation ($20,000), Enoch Pratt Free Library ($15,000), Women's Association for Morristown Medical Center ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADIRONDACK EXPERIENCE BLUE MOUNTAIN LAKE, NY | TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/RELIGIOUS/EDUCATIONAL | $5,000 |
| BRIDGES BALTIMORE BALTIMORE, MD | TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/RELIGIOUS/EDUCATIONAL | $8,000 |
| DELBARTON SCHOOL MORRISTOWN, NJ | TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/RELIGIOUS/EDUCATIONAL | $10,000 |
| ENOCH PRATT FREE LIBRARY BALTIMORE, MD | TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/RELIGIOUS/EDUCATIONAL | $15,000 |
| EVERY MOTHER COUNTS NEW YORK, NY | TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION- CHARTIABLE/MEDICAL/EDUCATIONAL | $3,000 |
| FOUNDATION FOR MORRISTOWN MEDICAL CENTER MORRISTOWN, NJ | TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/MEDICAL/EDUCATIONAL | $5,000 |
| FOUNDATION FOR MORRISTOWN MEDICAL CENTER MORRISTOWN, NJ | TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/MEDICAL/EDUCATIONAL | $10,000 |
| GRASSROOTS GROCERY NEW YORK, NY | TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/MEDICAL/EDUCATIONAL | $5,000 |
| MARYLAND ART PLACE BALTIMORE, MD | TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/EDUCATIONAL | $12,000 |
| ST JOHN ON THE MOUNTAIN CHURCH BERNARDSVILLE, NJ | TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/RELIGIOUS/EDUCATIONAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY VI COURTEMANCHE | PRESIDENT/SECRETARY | 1 | — |
| ROBERT H COURTEMANCHE | TREASURER | 1 | — |
| EDWIN W COURTEMANCHE | TRUSTEE | — | — |
| PETER M COURTEMANCHE | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Good Hope Foundation Inc?
Good Hope Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, NJ. It holds $1.1M in total assets as of 2024.
How large is Good Hope Foundation Inc?
As of 2024, Good Hope Foundation Inc holds $1.1M in total assets with $135K in annual revenue. It awarded 13 grants totaling $128K in 2024.
Where does Good Hope Foundation Inc operate?
Good Hope Foundation Inc has awarded grants in Maryland, New Jersey, New York.
What size grants does Good Hope Foundation Inc award?
In 2024, Good Hope Foundation Inc awarded 13 grants totaling $128K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Good Hope Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Good Hope Foundation Inc reported a distributable amount of $150K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Good Hope Foundation Inc's EIN?
Good Hope Foundation Inc's EIN (Employer Identification Number) is 27-4293200. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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