John & Carol Hubbard

Private foundation · Grantmaker Walpole, NH EIN: 02-0500376

John & Carol Hubbard is a private foundation, based in Walpole, NH. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $313K in total assets. In 2025, it awarded 5 grants totaling $33K. Net investment income was $28K.

John & Carol Hubbard at a glance

In short: John & Carol Hubbard gave $33K across 5 grants in 2025 (avg $7K), mostly in Vermont. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$33,000
-31.3% vs 2024
Grants made (2025)
5
-44.4% vs 2024
Average grant
$6,600
+23.8% vs 2024
Median grant
$3,000
Total assets
$312,910
-1.7% vs 2024
Primary geography
Vermont (70% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who John & Carol Hubbard funds

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Chill Foundation: $22KChill Foundation$22KCrotched Mountain Foundation: $5KCrotched Mountain Foundation$5KAshuelot Concerts: $3KAshuelot Concerts$3KFreedom Reins Riding Center: $2KFreedom Reins Riding Center$2KKurn Hattin Homes: $1KKurn Hattin Homes$1K

The largest 2025 recipient was Chill Foundation ($22K). Together the top 5 received $33K.

Grant Size Distribution

34 grants across all recorded years

34<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 34 grants of 34 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

KeeneGreenfieldSwanzeyBurlingtonConcordWestminsterSurryBuzzards BayHanoverNorth BerwickWalpole

How John & Carol Hubbard gives

  • Giving fell 27% from 2022 to 2025. Method
  • In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K6 grants2020 6 grants2021 6 grants2022 8 grants2023 9 grants2024 5 grants2025

From 2020 to 2025, annual grant giving ranged from $33K (2025) to $70K (2023). In 2025 it made 5 grants totaling $33K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Chill Foundation Burlington, VTGIFT$22,000
Crotched Mountain Foundation Greenfield, NHGIFT$5,000
Ashuelot Concerts Keene, NHGIFT$3,000
Freedom Reins Riding Center Surry, NHGIFT$2,000
Kurn Hattin Homes Westminster, VTGIFT$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$312,910$41,408$46,730$33,0005$33,000$27,678$35,485
2024$318,232$13,720$50,676$48,0009$48,000$11,044$33,599
2023$355,188$14,733$79,196$69,5008$79,196$5,095$30,458
2022$419,651$134,476$53,506$45,0006$53,506$17,970$31,689
2021$338,681$37,302$45,889$36,0006$45,889$28,785$31,132
2020$347,268$15,848$42,855$33,4006—$7,377$27,262

Under IRS private-foundation payout rules, John & Carol Hubbard reported a distributable amount of $35K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

John & Carol Hubbard is led by Susan Johnson, Trustee, Clerk & Chairman since 2021 (on filings since 2020) — the only officer listed, and uncompensated.

Officers on the 2025 filing

  • Susan Johnson

    Trustee, Clerk & Chairman

    Trustee → Trustee, Clerk & Chairman, 2021

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (3)
  • Former: Peter Johnson (2022–2023) — Trustee
  • Former: Rachel Johnson (2023) — Trustee
  • Former: John A. Hubbard (2020–2021) — Trustee

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.

Frequently asked questions about John & Carol Hubbard

How much does John & Carol Hubbard give each year?

John & Carol Hubbard gave $33K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $48K across 9 grants.

What is John & Carol Hubbard's typical grant size?

John & Carol Hubbard's median grant in 2025 was $3,000, and its average grant was $6,600, across 5 grants on its 2025 IRS Form 990-PF.

Where does John & Carol Hubbard give grants?

John & Carol Hubbard gives mostly in Vermont: 70% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Hampshire (30%).

Does John & Carol Hubbard give general operating support?

Not in 2025: none of the 5 grants with a stated purpose on John & Carol Hubbard's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Gift" (5 grants).

Who are John & Carol Hubbard's largest grantees?

John & Carol Hubbard's largest 2025 grantees include Chill Foundation ($22,000), Crotched Mountain Foundation ($5,000) and Ashuelot Concerts ($3,000), according to its 2025 IRS Form 990-PF. Together they received 91% of its itemized 2025 grant dollars.

How large is John & Carol Hubbard?

John & Carol Hubbard reported $313K in total assets on its 2025 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $35K (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 is John & Carol Hubbard's EIN?

John & Carol Hubbard's EIN (Employer Identification Number) is 02-0500376. 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.

Data update history

(2)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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Figures come from John & Carol Hubbard'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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