The Eric D & Steven D Hovde Foundation
Preselected recipients only
The Eric D & Steven D Hovde Foundation is a private foundation in Madison, Wisconsin. In tax year 2025 it gave $1.9 million in 18 grants; the typical grant was $27,788 and the largest $770,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$1.9 million
- Number of grants18
- Typical grant$27,788
- Largest grant$770,000
- Assets$8.1 million
- New grantees38%
Giving in 2025 was up from $1.6 million the year before.
38% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $2.0 million | 16 | $11.1 million |
| 2023 | $1.9 million | 18 | $9.2 million |
| 2024 | $1.6 million | 20 | $7.0 million |
| 2025 | $1.9 million | 18 | $8.1 million |
How to apply
The Eric D & Steven D Hovde Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What The Eric D & Steven D Hovde Foundation funds
Where it gives
Its US grants went to recipients in 5 states, the most to New York. It also paid $349,543 in 5 grants to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| New York | 1 | $770,000 |
| Wisconsin | 8 | $161,989 |
| Texas | 2 | $60,000 |
| California | 1 | $50,000 |
| Delaware | 1 | $30,576 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Many Hopes | General contribution to many hopes in support of other partners in several countries | $770,000 |
| Hogar de Ninos Alalay | Hovde house bolivia | $150,100 |
| Challenging Heights | Hovde house ghana support | $100,000 |
| Individual | Educational expenses for legacy hfl children, purchase of equipment and furniture for the hovde foundation campus | $94,336 |
| Pothawira International | Support initiatives for women & children in malawi, hovde home costs | $50,000 |
| The River Food Pantry | Capital campaign support | $50,000 |
| Thorn | Third dispursement of 5 year commitment of $250,000 | $50,000 |
| National Multiple Sclerosis Society | Funding dr. Drosu for postdoctoral research fellowship at mass general hospital | $32,921 |
| Legado de Esperanza Foundation | Hovde house hondouras operations | $30,576 |
| Bethel Horizons Foundation Inc | General support | $25,000 |
| They Playing Field | Capital campaign support | $25,000 |
| Clean Lakes Alliance | 2025 partnership agreement | $15,000 |
| Akola Academy | General support | $10,000 |
| Milwaukee Education Partnership | Mep/fafsa grant | $7,500 |
| United Madison Christian Givers Inc | General support | $5,000 |
| Individual | Final scholarship payment | $2,630 |
| Consultores Empresariales | Hovde home costa rica operations | $2,477 |
| Shelter From the Storm Ministries | In kind donation of supplies | $1,568 |
Officers and trustees
- Eric D Hovde
- Steven D Hovde
- Nicole Bice
Questions people ask
Does The Eric D & Steven D Hovde Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Eric D & Steven D Hovde Foundation give?
$1.9 million in tax year 2025, across 18 grants, with a typical grant of $27,788.
Who runs The Eric D & Steven D Hovde Foundation?
Its 2025 filing lists Eric D Hovde (Trustee), Steven D Hovde (Trustee) and Nicole Bice (Executive Director).
What does The Eric D & Steven D Hovde Foundation fund?
Based on its grants, mainly international, youth programs and education.