Hope Foundation
Hope Foundation is a private foundation based in Riverside, Rhode Island. It supports individuals and groups globally, with its website describing a commitment to healthcare, education, equity, and opportunity.
Hope Foundation at a glance
In short: Hope Foundation gave $241K across 70 grants in 2024 (avg $3K), top state Rhode Island. 70% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $241,319
- +4.5% vs 2023
- Grants made (2024)
- 70
- +268.4% vs 2023
- Average grant
- $3,447
- -71.6% vs 2023
- Median grant
- $2,000
- Total assets
- $3,695,817
- +2.9% vs 2023
- New grantees (estimate)
- 70% first-time grantees (49 of 70, 2024)
- Primary geography
- Rhode Island (36% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Hope Foundation
- How to Apply
-
The foundation does not restrict giving to preselected organizations. Its filing says to send a simple letter stating the organization, the purpose of the contribution, and the amount requested. It lists no restrictions on awards.
- Contact
Application contact: Angela B Fischer The Hope Foundatio
Mailing address: 50 South Main St, Providence, RI 02903
Phone: (401) 272-5050
Website: https://riverforhopefoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Hope Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Gallatin Valley Land Trust ($21K). Together the top 10 received $121K.
Grant Size Distribution
157 grants across all recorded years
The most common grant size was under $50K: 153 grants of 157 (97%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went to recipients in multiple states. Rhode Island accounted for 36%, Massachusetts 20%, Montana 14%, New York 11%, and California 8%. The foundation’s website describes its support as global.
Grant Distribution by State
Share of 2024 grant dollars across all 70 itemized grants.
States
Cities
Is Hope Foundation open to new grantees?
70%
first-time grantees, 2024
In 2024, 49 of 70 grantees (70%) were first-time recipients. First grants averaged $2K; repeat grants $7K. How we count
Medians: $1K first-time, $5K repeat.
- 21% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $231K (2023) to $295K (2022). In 2024 it made 70 grants totaling $241K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Gallatin Valley Land Trust Bozeman, MT | Operating Expenses | $20,986 |
| Datma New Bedford, MA | Operating Expenses | $20,000 |
| School Year Abroad North Andover, MA | Operating Expenses | $17,693 |
| Emmanuel Church Newport, RI | Music Program | $15,000 |
| Uplifting Journeys Providence, RI | Operating Expenses | $15,000 |
| Codepink Marina Del Rey, CA | Operating Expenses | $10,000 |
| United Way RI Providence, RI | Operating Expenses | $7,000 |
| Humanus Documentary Film Foundation Santa Barbara, CA | Operating Expenses | $5,000 |
| Issue Project Room Brooklyn, NY | Operating Expenses | $5,000 |
| Mofga Unity, ME | Operating Expenses | $5,000 |
Ready to take the next step with Hope Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,695,817 | $375,192 | $289,401 | $241,319 | 70 | $245,671 | $339,256 | $268,795 |
| 2023 | $3,589,921 | $656,691 | $267,758 | $230,952 | 19 | $230,952 | $619,885 | $246,186 |
| 2022 | $3,200,283 | $124,343 | $353,350 | $295,110 | 22 | $295,110 | $84,723 | $256,128 |
| 2021 | $3,430,732 | $807,177 | $333,826 | $291,275 | 25 | $291,275 | $762,580 | $281,740 |
| 2020 | $3,056,042 | $219,000 | $275,230 | $240,083 | 21 | — | $188,053 | $267,858 |
Under IRS private-foundation payout rules, Hope Foundation reported a distributable amount of $269K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation says it is dedicated to providing essential healthcare and educational support to people in need and to supporting organizations that promote fairness and opportunity. Its 2024 grants show support for organizations working in areas including land conservation, education, healthcare, farming, arts and culture, and community programs.
Examples illustrate the range of grantees’ work. Gallatin Valley Land Trust says it connects people and communities with open lands through conservation and trails in Montana. School Year Abroad says it provides high school students opportunities to study in Spain, Italy, or France. Palestine Children’s Relief Fund describes its work as non-political humanitarian relief focused on healthcare for children in Palestine. Social Enterprise Greenhouse says it supports entrepreneurs and businesses working toward positive societal and economic change.
Grantmaking
In 2024, Hope Foundation made 70 grants totaling $241,319. Grant amounts ranged from $250 to $20,986, with a median of $2,000. The largest awards included $20,986 to Gallatin Valley Land Trust, $20,000 to DATMA, $17,693 to School Year Abroad, and $15,000 each to Emmanuel Church and Uplifting Journeys. The filing lists operating expenses as the purpose for many of the largest awards; Emmanuel Church’s grant was for a music program.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Angela B Fischer, Nicholas Brown, and John C Brown IV as trustees.
Hope Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Angela B. Fischer
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
John C. Brown IV
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Nicholas Brown
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Hope Foundation
How much does Hope Foundation give each year?
Hope Foundation gave $241K across 70 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $231K across 19 grants.
What is Hope Foundation's typical grant size?
Hope Foundation's median grant in 2024 was $2,000, and its average grant was $3,447, across 70 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Hope Foundation that year got $2K on average.
Where does Hope Foundation give grants?
Hope Foundation's top state is Rhode Island, with 36% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Massachusetts (20%) and Montana (14%). The most frequent recipient cities were Newport, RI (14 grants), Providence, RI (13 grants), Bozeman, MT (6 grants) and New York, NY (6 grants).
Does Hope Foundation give general operating support?
Yes: 97% of Hope Foundation's 2024 grants with a stated purpose (68 of 70) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Hope Foundation's largest grantees?
Hope Foundation's largest 2024 grantees include Gallatin Valley Land Trust ($20,986), Datma ($20,000) and School Year Abroad ($17,693), according to its 2024 IRS Form 990-PF. Together they received 24% of its itemized 2024 grant dollars.
How large is Hope Foundation?
Hope Foundation reported $3.7M in total assets on its 2024 IRS Form 990-PF. It paid out $246K in qualifying distributions that year, against a required minimum of $269K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Hope Foundation fund?
The foundation says it is dedicated to providing essential healthcare and educational support to people in need and to supporting organizations that promote fairness and opportunity. See mission & focus areas ↑
How do I apply for a grant from Hope Foundation?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Hope Foundation's EIN?
Hope Foundation's EIN (Employer Identification Number) is 05-6006366. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Hope Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Hope Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/hope-foundation-morg_c4655efd0baf4455ad490b657a719c37
BibTeX
@misc{grantable_056006366_2026,
author = {{Grantable}},
title = {{Hope Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/hope-foundation-morg_c4655efd0baf4455ad490b657a719c37},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Hope Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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