# New Hampshire Charitable Foundation

New Hampshire Charitable Foundation is an Endowment / Foundation based in Concord, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Concord, United States
- **Region:** North America
- **Address:** 37 Pleasant Street, Concord, NH 03301, United States
- **Founded:** 1962
- **Assets under management:** ~$1 billion (Altss estimate)
- **Website:** nhcf.org
- **LinkedIn:** https://www.linkedin.com/company/new-hampshire-charitable-foundation

## Regulatory record

- **Reports private funds:** No

## About

The foundation was created in 1962 by a group of attorneys and civic leaders, including Eugene Struckhoff, to build a permanent charitable endowment for the state. Its corpus grew through bequests from local industrialists such as Neil Tillotson, whose Dixville Notch-based manufacturing company passed to the foundation, and Oliver Hubbard, who left $43.5 million to address substance use disorders. Michael Wilson, Chief Investment and Financial Officer, and Investment Committee Chair Erika Pagel oversee a portfolio that spans traditional equity and fixed-income allocations, timberland, groundfish permits in the Gulf of Maine, distressed debt, and buyout co-investments. The foundation runs a dedicated impact-investment pool that places capital directly into New Hampshire ventures alongside commitments to secondaries and special-situations funds. Real estate holdings include the foundation’s own Concord and Portsmouth offices and residential assets such as Monadnock Village Apartments in Colebrook. The foundation employs a hybrid asset-owner model — both grantmaking institution and direct investor — operating from its Concord headquarters and a Portsmouth outpost. In 2020, MacKenzie Scott contributed $6 million to its Racial Justice Fund. The foundation has held National Standards accreditation since 2006 and participates in Mission Investors Exchange, a national network for impact-oriented allocators. Unlike most community foundations that outsource their investment function, the New Hampshire Charitable Foundation runs a professionally staffed internal investment office that makes direct allocations into local operating businesses and real assets. Its ownership of resource rights — Gulf of Maine groundfish permits — gives it an allocator profile distinct from any peer foundation in New England.

## Sectors

- Real Estate
- Natural Resources
- Private Credit
- Secondaries & Special Situations
- Hedge Funds
- Education

## Offices

- 446 Market St., Portsmouth, NH 03801

## People

- Richard Ober — President and CEO
- Michael Wilson — Chief Investment and Financial Officer, Senior Vice President
- Erika Pagel — Chair of the Investment Committee
- Joseph Morone — Chair of the Board of Directors

## Questions

### Who makes investment decisions at the New Hampshire Charitable Foundation?

Michael Wilson serves as Chief Investment and Financial Officer and Senior Vice President, with oversight from Investment Committee Chair Erika Pagel. The foundation maintains an internal investment office rather than fully outsourcing to an OCIO, which remains unusual for a community foundation of its size.

### Is the foundation’s investment portfolio limited to traditional asset classes?

No. Its holdings include Gulf of Maine groundfish permits, timberland, residential real estate in Colebrook and Hanover, and an impact-investing pool that makes direct placements into New Hampshire-based companies. The foundation also commits to private credit, distressed debt, and secondaries funds.

### How did the foundation acquire its industrial assets?

The most notable transfer came from Neil Tillotson, who donated his Dixville Notch-based manufacturing company to the foundation. Oliver Hubbard later left a $43.5 million bequest specifically designated for substance-use-disorder programs, adding scale to the permanent endowment.

### Does the foundation collaborate with other large donors?

Yes. MacKenzie Scott contributed $6 million to the foundation’s Racial Justice Fund in 2020. The foundation also channels local donor-advised funds and maintains a relationship with peer community foundations through the National Standards accreditation it has held since 2006.

### What is the foundation’s approach to impact investing?

It operates a distinct impact-investment pool dedicated to New Hampshire-based companies, alongside traditional grantmaking. The foundation is a member of Mission Investors Exchange, placing it among a national cohort of institutions that blend philanthropic capital with market-rate and below-market-rate investment structures.

## Related profiles

- [Oklahoma State University Foundation (OSUF)](https://altss.com/profile/oklahoma-state-university-foundation-osuf)
- [University of Mississippi Foundation](https://altss.com/profile/university-of-mississippi-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/new-hampshire-charitable-foundation

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