New Hampshire Individual Health Plan Benefit Association
ActiveMutual & Membership Benefit
About New Hampshire Individual Health Plan Benefit Association
The foundation’s giving is almost exclusively directed to supporting New Hampshire’s health insurance market stabilization via large payments into the NH Reinsurance Program. Grants are made to major insurance entities and administrators (e.g., Matthew Thornton Health Plan, Centene, Harvard Pilgrim) rather than to direct-service nonprofits, indicating a programmatic, policy/market-focused philanthropic role. The activity is highly concentrated geographically in New Hampshire and functionally on reinsurance/health-plan financial mechanisms.
Focus Areas
Funding the New Hampshire Reinsurance Program (market stabilization for ACA individual coverage)Grants to health insurers and third‑party administrators participating in state reinsuranceFinancial support to regional health plan administrators (New England insurers)
Who They Fund
New Hampshire residentsindividual health insurance enrollees
Giving Approach
Very concentrated: a handful of very large grants to a small set of repeat grantees, all tied to a single programmatic purpose (NH Reinsurance Program) rather than broad, distributed philanthropic support.
Funding Style
About New Hampshire Individual Health Plan Benefit Association
The largest recent grants from New Hampshire Individual Health Plan Benefit Association are payments into the NH Reinsurance Program, including $22,314,728 to Matthew Thornton Health Plan Inc in 2025 and $16,737,277 to Centene Corporation in 2024. That pattern defines the funder: it is not a conventional grantmaker to charities, but a programmatic supporter of New Hampshire’s individual health insurance market. Recent awards go to health insurers and administrators such as Harvard Pilgrim Health Care of Ne and Matthew Thornton Health Plan Inc, reflecting a policy-level role tied to health-plan financial mechanisms rather than direct service delivery. The foundation’s recent activity shows a consistent focus on stabilizing coverage for individual enrollees in New Hampshire. Its payments are large, recurring, and closely linked to the state reinsurance structure. Grantees include both in-state and out-of-state health organizations, with recipients in Manchester, St Louis, and Canton appearing in the recent grants list. The combination of substantial annual grant volume and a narrow functional purpose suggests a specialized funding model centered on health insurance affordability and risk pooling for New Hampshire residents.
What New Hampshire Individual Health Plan Benefit Association Funds
One clear theme is support for the state’s reinsurance infrastructure. In 2025, the foundation gave $22,314,728 to Matthew Thornton Health Plan Inc for the NH Reinsurance Program, and in 2024 it gave $16,703,605 to Centene Corporation for the same purpose. It also backs regional health plan administrators involved in the same system. Harvard Pilgrim Health Care of Ne received $9,920,074 in 2024 for the NH Reinsurance Program and $5,600,080 in 2025 for the same program. A third pattern is direct support for insurers participating in New Hampshire’s individual market stabilization work. Centene Corporation received $15,537,348 in 2023, and Matthew Thornton Health Plan Inc received $13,973,250 in 2023, both tied to the same health-plan financing context.
How New Hampshire Individual Health Plan Benefit Association Gives
Grant sizes are very large and tightly clustered: the 25th percentile is $13,132,670, the median is $15,519,651, and the 75th percentile is $16,703,605. The recent record shows repeated awards to the same organizations across multiple years, especially Centene Corporation, Matthew Thornton Health Plan Inc, and Harvard Pilgrim Health Care of Ne. That repetition points to an ongoing program relationship rather than one-off project grants. The foundation does not fund individuals and does not make program-related investments, so its support operates through organizational payments tied to a state insurance program.
Financial Snapshot
Annual Giving
$44.6M
Total Assets
$24.3M
Total Revenue
$68.2M
Total Expenses
$68.2M
Typical Grant Size
Most grants fall between $13.1M and $16.7M, with a median of $15.5M.
25th Percentile
$13.1M
Median
$15.5M
75th Percentile
$16.7M
Geographic Reach
Regional3 states funded
About 33% of grants go to recipients in MO.
Funding intensity
LowHigh
Headquarters
Leadership
Christopher Kennedy
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