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COMMUNITY FOUNDATIONS OF THE HUDSON VALLEY INC
POUGHKEEPSIE, NY · EIN 237026859 · Form 990 · FY2023 · Large ($10M-$50M) · communityfoundationshv.org
revenue
$33.0M
expenses
$21.5M
net assets
$108.8M
employees
15
volunteers
125
program ratio
95%
mission · from form 990

THE FOUNDATIONS' MOST SIGNIFICANT ACTIVITIES FOR THE 2024 FISCAL YEAR WERE TO HOLD DONOR FUNDS, INVEST THEM PRUDENTLY, AND MAKE GRANT DISTRIBUTIONS TO NONPROFITS FOR CHARITABLE PURPOSES. OUR THREE MAIN PROGRAM AREAS ARE AS FOLLOWS: GRANTMAKING, DONOR RELATIONS, AND NONPROFIT TECHNICAL ASSISTANCE.

profile · synthesized from sources

Community Foundations of the Hudson Valley (CFHV) is a grantmaking organization that supports charitable efforts in the Mid-Hudson Valley region. It works with donors to establish funds, provides technical assistance to nonprofits, and distributes grants to address community needs. CFHV manages endowment investments and focuses on long-term community impact through strategic philanthropy.

irs program accomplishments · form 990 part iii · fy2023

What they reported doing

  1. #1 primary $428K
    DONOR RELATIONS: WORKING WITH DONORS TO CONNECT THEM TO THE CAUSES THEY CARE ABOUT MOST. INTRODUCING DONORS TO PROGRAMS AND AGENCIES THAT MATCH THEIR CHARITABLE INTERESTS. ACTIVITIES INCLUDE RESEARCH AND WORKSHOPS, HELPING DONORS ESTABLISH FUNDS AND LEGACY PLANS, AND ANSWERING QUESTIONS ABOUT CHARITABLE GIVING.
  2. #2 $30K
    NONPROFIT TECHNICAL ASSISTANCE: OFFERING SEMINARS, BOARD, AND STAFF GUIDANCE ABOUT MANAGING NONPROFITS INCLUDING BOARD GOVERNANCE, DEI, FINANCIAL MANAGEMENT, COMPLIANCE, USING DATA TO IMPROVE PROGRAMS AND FUNDRAISING, ENDOWMENT, CREATING AND IMPLEMENTING PLANNED GIVING PROGRAMS, AND GRANT-WRITING.
named programs · 5 · from sources

What they call their work

Community Grants
Annual grant cycle; awarded $542,000 in 2025, the largest in CFHV’s history
Donor Relations
Works with donors to connect them with causes they care about, helps establish charitable funds and legacy plans, and provides research and guidance on philanthropy
Farm Fresh Food Grants
Three-year grants supporting organizations providing fresh, nutritious food to communities; awarded over $1 million in 2026
LIFT Bridge Loan Program
Pilot initiative providing bridge loans to strengthen regional nonprofits; applications available through CFHV
Nonprofit Technical Assistance
Offers seminars and guidance on nonprofit management topics including board governance, financial management, DEI, compliance, fundraising, and grant-writing
activities · 5 groups

What they do

  • Endowment and Gift Fund Management 3 activities
    • Administering charitable funds and donor-advised giving
      Manages nearly 600 charitable funds and supports donors in establishing and administering donor-advised funds, endowments, and legacy plans, including options for personalized investment management for funds over $500,000.
    • Investing and managing endowment assets
      Operates an Investment Committee that sets long-term investment strategy, reviews performance, rebalances portfolios, and assesses managers to ensure prudent stewardship of foundation assets.
    • Supporting strategic charitable giving and donor planning
      Assists individuals, businesses, and organizations in structuring charitable funds and legacy plans through donor relations services, including research, workshops, and estate planning support.
  • Nonprofit Capacity Building Services 2 activities
    • Funding regional nonprofit capacity building
      Provides capacity-building support to local nonprofits through the THRIVE training series and other workshops focused on skill development, peer learning, and access to expert resources to strengthen organizational effectiveness.
    • Providing technical assistance to nonprofits
      Offers technical assistance to nonprofits through seminars, board governance guidance, and executive counseling in areas including financial management, compliance, data use, endowment development, planned giving, and grant-writing.
  • Agricultural Grantmaking and Funding Programs 1 activity
    • Awarding community grants
      Funds community grants to nonprofits across the Hudson Valley, including $542,000 awarded in 2025 and over $1 million in Farm-Fresh Food Grants distributed across three years to 28 organizations.
  • Interest-Free Loan and Grant Support 1 activity
    • Launching pilot financing programs for nonprofits
      Launched the LIFT Bridge Loan Program, a pilot initiative providing flexible, short-term financing to strengthen regional nonprofits.
  • Teacher & Classroom Innovation Grants 1 activity
    • Operating grant programs for education and community needs
      Administers the PIE initiative supporting educators since 1986 and funds ongoing programs in Dutchess, Putnam, and Ulster counties through the Fund for the Hudson Valley to address community needs.
financials · form 990 · fy2023
revenue
Total revenue$33.01M
Contributions & grants$27.03M82%
Program service revenue$146K0%
Investment income$5.85M18%
Other revenue$-16K
expenses
Total expenses$21.52M
Program expenses95%
Admin / overhead5%
Fundraising0%
Salaries & benefits$1.13M
Grants paid out$19.37M
Largest expense lineCompensation
balance sheet
Total assets$121.75M
Cash$15.08M
Investments$105.54M
Liabilities$12.91M
Net assets$108.84M
Liquid reserves67.3 mo
4 years on record · 2019–2023 · YoY revenue +85.7%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 4
NameTitleHours/wkCompensation
CRISTIN MCPEAKE VICE PRESIDENT, PROGRAMS 40 $126K
DARCY KELLY CFO 40 $122K
KATHLEEN BANKS CFRE INTERIM PRES. & CEO, THRU OCT. 2023 40 $69K
NEVILL SMYTHE INTERIM PRES. & CEO, THRU FEB. 2024 40 $11K
board members · 20
  • ANITA RICE — SECRETARY
  • ASHLEY ALLEYNE MPS — TRUSTEE
  • AZIZ AHSAN ESQ — TRUSTEE
  • CHARLES SIMON — CHAIR
  • CORA MALLORY-DAVIS — TRUSTEE, THRU NOV. 2023
  • DARRELYN BRENNAN — VICE CHAIR, INVESTMENT
  • EDWARD L MCCORMICK — TREASURER/VICE CHAIR, GOVERNANCE
  • ELEANOR CHARWAT — VICE CHAIR, DEVELOPMENT & MARKETING
  • JOHN FINCH — TRUSTEE
  • KEVIN HAMILTON — TRUSTEE
  • MARGARET RUBIN — TRUSTEE
  • MELANIE MATERO — TRUSTEE
  • MELISSA MANNA-WILLIAMS ESQ — VICE CHAIR , GRANTS
  • MICHAEL CANNON — TRUSTEE, THRU AUG. 2023
  • MYRNA SAMETH — TRUSTEE
  • REBECCA REYNOLDS CPA — VICE CHAIR, AUDIT/FINANCE
  • RENDESIA SCOTT — TRUSTEE
  • ROBERT J COTTER — FIRST VICE CHAIR/VICE CHAIR, HUMAN RESOURCES
  • STEVEN R TINKELMAN AIA — TRUSTEE, THRU JUNE 2024
  • YU-SHIN CHEN — TRUSTEE
relationships · 11

Who they work with

  • Board of Trustees Partner — Local leaders in business, philanthropy, and the community who govern the organization.
  • Fund for the Hudson Valley Partner — Funds ongoing, effective programs at nonprofits in Dutchess, Putnam, and Ulster counties.
  • Hutton Brickyards Partner — Venue host for the Garden Party 2026 event.
  • McCann Foundation Funder — Provided a $100,000 grant to cover the operating expenses of the Poughkeepsie Area Fund at its founding in 1969.
  • Pauline Palkovic Partner — Nonprofit prospect research expert who leads training sessions for the Community Foundations of the Hudson Valley's THRIVE program.
  • Pro Bono Partnership Partner — Co-hosts a free webinar on legal issues for nonprofits with the Community Foundations of the Hudson Valley.
  • RUPCO Partner — Supports RUPCO’s housing initiatives through donor advised fund grants.
  • Rusk, Wadlin, Heppner & Martuscello, LLP Partner — Collaborates with the firm and its attorney John Wadlin to help clients realize their philanthropic goals.
  • THRIVE Network — Capacity-building training series offered by Community Foundations of the Hudson Valley for local nonprofits.
  • Upstate Films Partner — Co-hosted a conversation on regional issues with Community Foundations of the Hudson Valley.
  • WAMC Partner — Co-hosted a conversation on regional issues with Community Foundations of the Hudson Valley.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Donor-Advised Grantmaking with Community Focus
    methodology: donor-advised grantmaking
    By enabling donors to establish and administer charitable funds aligned with local priorities, we strengthen community resilience and responsiveness to emerging needs, because localized decision-making and flexible capital deployment increase the relevance and impact of philanthropy.
  • Nonprofit Capacity Building through Integrated Peer and Expert Support
    methodology: capacity_building_through_peer_learning_and_expert_access
    By combining financial support, practical skill development, peer learning, and access to experts, we increase nonprofit resilience and effectiveness, because organizations learn best through shared experience and tailored guidance that builds both technical and adaptive capacity.
  • Strategic and Values-Aligned Philanthropic Planning
    methodology: strategic_gift_structuring
    By structuring charitable gifts to deliver financial benefits and aligning giving with donor passions and values, we increase the scale and sustainability of philanthropy, because donors are more engaged and generous when their giving reflects personal legacy goals and ethical commitments.