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Filing year 2024

The Hanover Insurance Group Foundation Inc

Worcester, Massachusetts·EIN 04-3105650·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$587k
Total assets
$2.7M
Total expenses
$1.6M
Reported officers
6

Reported officers (all unpaid)

No paid executives reported in 2024. The Hanover Insurance Group Foundation Inc reported 6 unpaid officers and board members on its 990-PF.

President
Treasurer
Assistant Treasurer
Senior Vice President
Clerk
Vice President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.6M

Itemized grants

15

Median grant

$50k

RecipientLocationPurposeAmount
Other - Information Available in Taxpayer's OfficeWorcester, MACharitable Contribution$682k
United Way of Central MAWorcester, MACharitable Contribution$220k
LACASAHowell, MICharitable Contribution$140k
Scholarship AmericaDetroit, MICharitable Contribution$91k
Worcester Education CollaborativeWorcester, MACharitable Contribution$70k
Guild Of St AgnesWorcester, MACharitable Contribution$65k
United Way Of Livingston CountyBrighton, MICharitable Contribution$55k
Rise Above FoundationNorthbridge, MACharitable Contribution$50k
Boys & Girls Club Of Central MAWorcester, MACharitable Contribution$50k
Worcester Center For Performing ArtsWorcester, MACharitable Contribution$35k
Community Legal AidWorcester, MACharitable Contribution$25k
Worcester State FoundationWorcester, MACharitable Contribution$25k
Worcester RISE for HealthWorcester, MACharitable Contribution$25k
Quinsigamond Community CollegeWorcester, MACharitable Contribution$25k
YMCA Of Central MAWorcester, MACharitable Contribution$25k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

The Hanover Insurance Group Foundation Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$641k
$1.6M
2023
$587k
$1.6M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Massachusetts

The Hanover Insurance Group Foundation Inc reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Massachusetts earns a median of $17,596.

25th percentile
$5k
Median
$17,596
75th percentile
$66k
90th percentile
$171k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 925 organizations across 925 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Massachusetts →
FAQ

Common questions about The Hanover Insurance Group Foundation Inc

What are The Hanover Insurance Group Foundation Inc's revenue and expenses?

In 2024, The Hanover Insurance Group Foundation Inc reported $587k in total revenue and $1.6M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.