The Hanover Insurance Group Foundation Inc
The Hanover Insurance Group Foundation Inc is a corporate foundation established in 1990 and based in Worcester, Massachusetts. As a 501(c)(3) organization, it is supported by The Hanover Insurance Group Inc and operates as a company-sponsored foundation dedicated to philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
-24.2% YoY
Annual Giving
$1.6M
+0.0% YoY
Grant Count
15
-65.1% YoY
Avg Grant Size
$106K
+186.7% YoY
Mission & Focus Areas
The foundation supports organizations involved with:
- Arts and culture
- Health and medical research
- Hunger and housing
- Human services and community development
- Education, with special emphasis on programs designed to strengthen schools and propel youth to higher levels of success
Grantmaking
The foundation made 74 grants in 2024. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation funds organizations primarily in Massachusetts and Michigan, with particular focus on the Greater Worcester and Howell areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total assets: $2,697,600
- Total revenues: $587,142
- Total expenses: $1,584,309
- Total giving: $1,582,840
- Grants and contributions: $507,924
- Investment income and dividends: $79,218
As of Fiscal Year 2023:
- Total assets: $3.56M
- Total revenues: $641K
- Total expenses: $1.58M
- Total liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,697,600 | $3,559,422 | $4,192,355 |
| Revenue | $587,142 | $640,640 | $596,063 |
| Expenses | $1,584,309 | $1,584,008 | $1,498,093 |
| Qualifying Distributions | $1,584,309 | $1,584,008 | $1,498,093 |
| Net Investment Income | $214,563 | $100,790 | $96,063 |
| Distributable Amount | $154,876 | $190,616 | $249,514 |
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
178 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KIMBERLY SALMON | President | — | — |
| RICHARD W LAVEY | Vice President | — | — |
| JENNIFER F LUISA | Senior Vice President | — | — |
| CELESTE J NELSON | Treasurer | — | — |
| CHARLES F CRONIN | Clerk | — | — |
| SANDRA H ARAMONY | Assistant Treasurer | — | — |
Recent News & Activity
Recent developments and announcements
In 2024, the foundation awarded scholarships to 36 local students through the Hanover Scholarship Program.
The Hanover Employee Scholarship ProgramThe parent company, The Hanover Insurance Group, reported that during its 2024 annual giving campaign, 84% of employees participated, raising nearly $1.5 million in support of local nonprofit organizations. Over the past ten years (2014-2024), The Hanover has made total charitable contributions of $17.5 million, with $10 million coming from employee giving and over $1 million distributed through the Hanover Scholarship Program.
The Hanover Employee Scholarship ProgramThe foundation's contact information is available through The Hanover Insurance Group's community and charitable grant program website, and inquiries can be directed to 508-855-1000.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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