New Hampshire · Public charity
Granite State Economic Development Corp
To create economic development by assisting businesses to acquire sba 504 financing to expand their businesses by acquiring, renovating or constructing real estate and/or acquiring machinery & equipment. The expanded businesses lead to the creation and/or retention of jobs.
- $301k
- Granted FY2025(still arriving)
- 13
- Itemized grants FY2025
- 9
- Organizations funded FY2024
- 56%
- First-time grantees FY2024
- Itemized, FY2025
- $288k
- The rest is grants the schedule does not break out
- Median grant, FY2025
- $12,500
- Largest grant, FY2025
- $100,500
- Organizations funded a year
- 4 to 12
- FY2018 to FY2024
- States reached, FY2025
- 4
- Total assets, FY2025
- $28M
How open it is to new grantees
In FY2024, 56% of the organizations Granite State Economic Development Corp funded were first-time grantees, receiving 63% of its grant dollars.
New vs renewed · share of each year
In FY2024, 37% of grant dollars renewed an existing relationship; $235k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2025still arriving | 12 | $288k | 42% |
| FY2024 | 9 | $374k | 56% |
| FY2023 | 6 | $338k | 67% |
| FY2022 | 4 | $40k | 50% |
| FY2021 | 5 | $40k | 20% |
| FY2020 | 7 | $60k | 29% |
| FY2019 | 7 | $67k | 14% |
| FY2018 | 12 | $88k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2025.
Top grantees
Largest recipients by total granted, FY2018 to FY2025, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| University of New Hampshire Foundation Incorporated | $254,500 | 5 | 0% |
| Mass General Brigham Incorporated | $200,000 | 1 | n/a |
| UTEC Inc | $75,000 | 8 | 0% |
| Children's Museum of New Hampshire | $69,000 | 7 | 2% |
| Vermont Community Loan Fund | $65,000 | 7 | 1% |
| Chase Home | $35,600 | 4 | n/a |
| Community Capital of Vermont | $25,000 | 1 | n/a |
| Seeds of Hope Neighborhood Center | $20,000 | 2 | 1% |
| Girls Inc of the Valley | $20,000 | 2 | 0% |
| New England Village Inc | $20,000 | 2 | 0% |
Show all 28 grantees
Plus 4 recipients with no EIN on record ($318k), not named here.
Where it is load-bearing
Each grantee by its size and the share of its budget Granite State Economic Development Corp supplied at peak.
Tap a dot to name the grantee.
How this is measured
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Open a dossier: New Hampshire Charitable Foundation · Eastern Bank Foundation · Bangor Savings Bank Foundation · Maine Community Foundation Inc · Peoples United Community Foundation · Td Charitable Foundation · Exeter Hospital Inc · Federal Savings Bank Charitable Foundation Inc · The Widgeon Point Charitable Foundation · A Caring Community Inc · Sam L Cohen Foundation · Agnes M Lindsay Trust
How this is measured
Compare Granite State Economic Development Corp with peer funders
About Granite State Economic Development Corp
- How much does Granite State Economic Development Corp give?
- Granite State Economic Development Corp reported 13 itemized grants totaling $288,000, out of $300,500 in total grant expense reported on the return in its FY2025 IRS filing. It funded between 4 and 12 organizations a year over FY2018 to FY2024.
- What does Granite State Economic Development Corp fund?
- By grant dollars over FY2018 to FY2025, its largest causes are Health (31%), Education (25%), Community Improvement (12%).
- Who are Granite State Economic Development Corp's largest grantees?
- By total granted over FY2018 to FY2025: University of New Hampshire Foundation Incorporated ($255k), Mass General Brigham Incorporated ($200k), UTEC Inc ($75k).
- Does Granite State Economic Development Corp fund new organizations?
- In FY2024, 56% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Granite State Economic Development Corp?
- Its strongest co-funders, measured against what their size predicts, include New Hampshire Charitable Foundation, Eastern Bank Foundation, Bangor Savings Bank Foundation.
- Where is Granite State Economic Development Corp based?
- Granite State Economic Development Corp is based in NH.
Play a game based on Granite State Economic Development’s filings →