Eric D & Steven D Hovde Foundation
ActivePhilanthropy & VoluntarismFunds Individuals
MADISON, WIWebsite
About Eric D & Steven D Hovde Foundation
The Eric D & Steven D Hovde Foundation concentrates its philanthropy on residential child welfare and orphan-care programs, primarily funding international partners that operate Hovde House projects in Latin America and broader Many Hopes partnerships. Grants are large and mission-focused, often directed to operational support for children’s homes and related program partners; occasional local giving (e.g., Salvation Army capital support) also appears. The foundation tends to sustain multi-year relationships with a small set of organizations rather than dispersing many small gifts.
Focus Areas
Operational support for Hovde House residential child-care programs in PeruResidential children's home (Hovde House) support in BoliviaSupport for Many Hopes’ international partner network (child welfare and partner capacity)Capital campaign support for local nonprofit infrastructure (e.g., Salvation Army)
Who They Fund
vulnerable youth experiencing or at risk of homelessness (Rwanda)women and children in Malawiresidents/clients of Hovde Houses in Peru, Bolivia, Ghana, Honduras, Costa Rica, Guatemala
About Eric D & Steven D Hovde Foundation
The Eric D & Steven D Hovde Foundation’s giving is built around Hovde House residential child-care work, with repeated support for partners in Peru, Bolivia, Ghana, Costa Rica, Guatemala, Honduras, Malawi, and Rwanda. The largest recent grants go to Many Hopes, which received three seven-figure contributions in 2023, 2024, and 2025 to support other partners in several countries. That pattern shows a funder that backs an international partnership network rather than a wide spread of unrelated projects. A second core thread is direct operating support for Hovde House sites. Asociacion Nuevo Amanecer Juntos in Huanuco received repeated funding for Hovde House Peru operations, while Hogar de Ninos Alalay in La Paz received multiple grants for Hovde House Bolivia. The foundation also funds related partner organizations that carry out Hovde House work in other countries, including Challenging Heights in Accra, Pothawira International for women and children in Malawi, and Consultores Empresariales for Hovde Home Costa Rica operations. Domestic support appears as a smaller but consistent part of the portfolio, including Wisconsin-based grants for food pantry work, capital support, and local youth-serving organizations.
What Eric D & Steven D Hovde Foundation Funds
International child welfare is the clearest focus. The foundation gave $930,944 in 2025 to Many Hopes for general support of partners in several countries, reinforcing a model that channels funds through a coordinating organization. They also underwrite residential home operations directly. In Peru, Asociacion Nuevo Amanecer Juntos received $246,379 in 2024 and $54,232 in 2025 for Hovde House Peru operations. In Bolivia, Hogar de Ninos Alalay received $170,607 in 2023 and 2024, plus $115,000 in 2025, all tied to Hovde House Bolivia. Beyond those housing programs, the foundation supports related child and family services. Hope for Life received $50,000 in 2025 for youth in Rwanda with holistic, family-centered, trauma-informed interventions to escape homelessness. Pothawira International received $100,000 in 2025 for support initiatives for women and children in Malawi, Hovde home costs.
How Eric D & Steven D Hovde Foundation Gives
Typical grants cluster around the mid-five-figure range: the 25th percentile is $4,250, the median is $25,000, and the 75th percentile is $53,509. The distribution also includes several much larger partnership grants, especially to recurring international recipients. The foundation gives repeatedly to the same organizations across years. Many Hopes appears in 2023, 2024, and 2025; Asociacion Nuevo Amanecer Juntos appears in 2023, 2024, and 2025; Hogar de Ninos Alalay appears in 2023, 2024, and 2025; Challenging Heights appears in 2023 and 2024. Grantmaking is invitation-only for domestic Wisconsin grants and the international partnership programs do not accept unsolicited requests. The foundation is private and also funds individuals.
Financial Snapshot
Annual Giving
$1.9M
Total Assets
$7.2M
Total Revenue
$2.7M
Total Expenses
$2.5M
Typical Grant Size
Most grants fall between $4K and $54K, with a median of $25K.
25th Percentile
$4K
Median
$25K
75th Percentile
$54K
Geographic Reach
Regional7 states funded
Funding intensity
LowHigh
Headquarters
Funding intensity
LowHigh
Where Eric D & Steven D Hovde Foundation Funds
Top 7 recipient countries by grant volume for Eric D & Steven D Hovde Foundation.
| Rank | Country | Grants | Total | Share |
|---|---|---|---|---|
| 1 | United StatesDomestic | 54 | $5M | 75.0% |
| 2 | Bolivia |
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