The Service Credit Union Impact Foundation is a 501(c)(3) private foundation based in Portsmouth, New Hampshire. Established in June 2020, it serves as the dedicated charitable arm of Service Credit Union, the largest credit union in New Hampshire. The foundation was created to expand the organization's community giving footprint and support initiatives that impact the areas it serves.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$725K
+44.9% YoY
Annual Giving
$894K
+9.0% YoY
Grant Count
1
-97.7% YoY
Avg Grant Size
$894K
+4587.2% YoY
Under IRS private-foundation payout rules, Service Credit Union Impact Foundation reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Service Credit Union Impact Foundation promotes community development by funding initiatives that deliver solutions to problems facing its membership and communities. The foundation focuses on:
- Education and scholarships
- Human services and social services
- Shelter and supportive housing
- Emergency care for veterans and military
- Support for first responders
- Assistance for economically disadvantaged individuals and homeless populations
Grantmaking
The foundation has supported 79 unique organizations, with grantmaking reaching organizations across 23 states. Primary geographic concentration includes Florida, New Hampshire, and Massachusetts, which account for 46% of all grants.
Grant Range
$3,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New Hampshire (primary focus)
- Florida
- Massachusetts
Grantmaking extends across 23 states, including California, Texas, New York, Illinois, and others.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $500,318
- Annual revenue: $1,429,145
- Annual expenses: $1,159,873
- Total liabilities: $0
Historical Growth:
- Annual giving grew from $201,000 in 2020 to $820,299 in 2023
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $725,130 | $500,318 | $231,046 |
| Revenue | $1,477,270 | $1,429,145 | $689,709 |
| Expenses | $1,252,458 | $1,159,873 | $612,441 |
| Qualifying Distributions | $1,252,458 | $1,159,867 | $612,441 |
| Net Investment Income | — | — | — |
| Distributable Amount | $40,669 | $24,489 | $13,503 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
83 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grants & Contributions Paid ($894,158).
| Recipient | Purpose | Amount |
|---|---|---|
| Grants & Contributions Paid Portsmouth, NH | Exempt Purpose | $894,158 |
Leadership & Key People
Leadership team and compensation from IRS filings
- David Araujo - President/Chair of the Impact Foundation and Service CU President-CEO
- Brad Huwar - Principal Officer
- Sarah Kuhl - Director of the Service CU Impact Foundation
- Tyler Phil - Treasurer
The foundation is governed by 5 officers and trustees who work without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Araujo | President | 1 | — |
| Tyler Pihl | Treasurer | 1 | — |
| Tyler Kuhn | Vice President/Secretary | 1 | — |
| Michael Dvorak | Board member | 1 | — |
| May Hatem | Board member | 1 | — |
| Sarah Kuhl | Foundation Director | 1 | — |
Recent News & Activity
Recent developments and announcements
**2026:**
Opened scholarship applications on February 1, 2026 (fifth year of scholarship program)
Service CU Impact Foundation Opens Scholarship Applications February 1 -Announced 5th Annual Spring Gala scheduled for April 10, 2026, themed "There's No Place Like Home"
**2025:**
Awarded $110,000 in scholarships to 33 students
**2024:**
3rd Annual Spring Gala raised $275,000 for housing initiatives, benefiting 12 organizations focused on homelessness in New Hampshire
6th Annual Golf Charity Classic raised $520,000 for veterans and first responders
Service CU Impact Foundation Announces Recipients of Golf Charity Classic**2020:**
Foundation officially launched in June 2020
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Service Credit Union Impact Foundation fund?
The Service Credit Union Impact Foundation promotes community development by funding initiatives that deliver solutions to problems facing its membership and communities. The foundation focuses on: • Education and scholarships • Human services and social services • Shelter and supportive housing • Emergency care for veterans and military • Support for first responders • Assistance for economically disadvantaged individuals and homeless populations
How do I apply for a grant from Service Credit Union Impact Foundation?
**Grant Activity:** • Total grants awarded: $1.8 million across 82 grants (through 2023) • Median grant size: $3,000 • Individual grant range: $350 to $460,000 • Average award: $22,000 • Total giving in 2023: $820,299 **Recent Grantmaking:** • 2025: Awarded $110,000 in scholarships to 33 students • 2024: Spring Gala raised $275,000 for housing initiatives across New Hampshire, benefiting 12 organizations • 2024: Golf Charity Classic raised $500,000 for veterans and first responders **Supported …
Where does Service Credit Union Impact Foundation make grants?
The foundation primarily funds organizations in: • New Hampshire (primary focus) • Florida • Massachusetts Grantmaking extends across 23 states, including California, Texas, New York, Illinois, and others.
What size grants does Service Credit Union Impact Foundation award?
In 2024, Service Credit Union Impact Foundation awarded 1 grants totaling $894K — an average of about $894K per grant, based on its IRS Form 990 filings.
How much is Service Credit Union Impact Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Service Credit Union Impact Foundation reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Service Credit Union Impact Foundation's EIN?
Service Credit Union Impact Foundation's EIN (Employer Identification Number) is 84-3223773. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Service Credit Union Impact Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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