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  Welcome to the Hovde Foundation    
       
 

The Hovde Foundation is a Washington DC-based private foundation launched in 1998 by Eric D. and Steven D. Hovde.

To learn about the Hovde Foundation, its history and leadership, you are encouraged to read more below.



  • About
  • History
  • Leadership

The Hovde Foundation's mission is twofold: 1) to assist people in crisis, particularly children and women in impoverished areas around the world; and 2) to help find a cure to Multiple Sclerosis (MS).

Towards these goals, we provide grants to organizations that are passionately engaged with each issue.  Our primary focus is to fund and oversee the construction and operation of transitional group homes (called “Hovde Houses”) for vulnerable children.  Here, these children will receive shelter, food, healthcare, educational assistance and counseling, with the goal of reintegration into families, foster care, and/or society at large as healthy, productive adults.

The Foundation partners with reputable local organizations that operate the Houses, and assist them with project design, implementation and execution.  We also support the operation of the Houses, both financially and via oversight roles on their boards.

The Hovde Foundation's History

Since the company’s founding, the Hovde Organization has consistently been committed to supporting domestic and international charitable projects via volunteer and financial support. This involvement has aptly come to be known as the “Heart of Hovde.” 

The Eric D. and Steven D. Hovde Foundation, launched in 1998, is a private foundation with two principle objectives: to assist the neglected, vulnerable, abused, and less fortunate towards attaining   a better quality of life (especially children), and clinical research in the field of Multiple Sclerosis (MS).  Many of the grants to date have been in partnership with World Vision and the Myelin Project, both leading organizations in their respective fields. 

As charitable giving and volunteerism are cornerstones of the Hovde corporate culture, employees are encouraged and supported by senior management to participate in local and international community service, as well as to provide suggestions for causes which may be close to their and their family’s hearts. Hovde Foundation volunteers have donated their time to local charitable endeavors and work teams have been sent throughout the world—including to Lesotho, Kosovo, Uganda, Bolivia, Zambia, and Mexico.

 

The Hovde Foundation's Leadership

Eric D. Hovde - Trustee



Eric D. Hovde
E-Mail: ehovde@hovde.com

Mr. Hovde is the Chief Executive Officer of Hovde Capital Advisors LLC, the investment manager to the Financial Institution Partners hedge funds, a series of long/short hedge funds with a focus exclusively on the financial services sector.   As Portfolio Manager for each of the Financial Institution Partners funds, Mr. Hovde is responsible for the investment strategy and day-to-day oversight of the portfolio investments managed by Hovde Capital Advisors.  In this capacity, Mr. Hovde provides the investment team with strategic direction and guidance in their investment decisions.  Further, Mr. Hovde evaluates each investment opportunity considered by Hovde Capital Advisors.

As Chief Investment Officer of Hovde Private Equity Advisors LLC, Mr. Hovde, along with the portfolio manager, directs the company’s investment process and provides oversight to portfolio companies for the firm’s private equity fund, Financial Services Partners Fund I.  Prior to the formation of the private equity fund, Mr. Hovde led the firm’s affiliated merchant banking activities, using the firm’s proprietary capital to acquire numerous controlling interests in banks, thrifts and other nonbank financial services companies.  Mr. Hovde has also served as a director on numerous bank and thrift boards and currently serves as the Chairman of Sunwest Bank in Orange County, California. 

As the former CEO and a founder of Hovde Financial, Mr. Hovde established this business and developed it into a top tier investment bank in the bank and thrift industry.  Although he is now focused on the asset management and private equity entities, in the past, Mr. Hovde was directly involved in the negotiation, structuring and consummation of countless private sector mergers and acquisitions, including numerous acquisitions from either the RTC or FDIC on behalf of Hovde Financial's clients.  Prior to forming Hovde Financial in 1987, Mr. Hovde was involved in mergers and acquisitions on behalf of a regional investment banking firm that specialized in mutual thrift conversions and mergers and acquisitions.

Charity is a strong principle within the Hovde organization.  Mr. Hovde, along with his brother, Steven, created and funded the Hovde Foundation, an organization that actively supports two central missions - clinical research in search of a cure for Multiple Sclerosis and charitable relief in devastated areas around the world.   Mr. Hovde has actively participated in and funded relief work programs in areas such as Kosovo, Bolivia, Uganda, Lesotho and Appalachia through a partnership with World Vision, a world-wide humanitarian organization.  Further, he recently financed and oversaw the construction of the Hovde House - a home for street children in Mexico City, a location severely affected by child homelessness.

Mr. Hovde earned his degrees in Economics and International Relations at the University of Wisconsin.  He is licensed with the Financial Industry Regulatory Authority as a registered representative and general securities principal.  He is married and has two children.


Steven D. Hovde - Trustee



Steven D. Hovde
E-Mail: shovde@hovde.com

Steve Hovde established Hovde Financial's Chicago office in 1988. As President and CEO of Hovde Financial, Mr. Hovde is responsible for managing its investment banking activities, and the strategic development of mergers and acquisitions of bank and thrift institutions, and branch acquisitions and divestitures. In this role, he has negotiated transactions in excess of several billion dollars in deal value and provides the firm's investment bankers with technical and strategic advice on client transactions.

Mr. Hovde also serves as President of Hovde Financial's affiliated securities broker/dealer, Hovde Securities LLC. In this capacity, he has been involved in the conversion to stock form of mutual thrift institutions and private placements of equity and trust preferred securities. In addition, he is a principal of the managing member of Western Acquisition Partners LLC, which owns a significant interest in Sunwest Bank of Orange County, California.
Prior to joining Hovde Financial, Mr. Hovde was General Counsel and Vice President of a national commercial real estate development firm and an attorney with a 200-member law firm based in Chicago, specializing in real estate law. Prior to that, Mr. Hovde practiced accounting with a Big Eight public accounting firm in Chicago.

Mr. Hovde serves on the boards of directors of a $1.6 billion-asset community bank and a $500 million-asset community bank. He is also on the board of directors of Good Shepherd Hospital in Barrington, Illinois, and serves as a trustee of several charitable foundations.

Mr. Hovde earned his law degree, cum laude, at Northwestern University in Chicago, Illinois, and he graduated summa cum laude with a Bachelor of Science degree in Business Administration from the School of Business at the University of Wisconsin. He is also licensed with the Financial Industry Regulatory Authority as a registered representative and general securities principal. He is married and has four children.

Richard. J. Perry - Trustee and General Counsel


Richard J. Perry
E-Mail: rperry@hovde.com

Mr. Perry oversees the operation of Hovde Capital Advisors and all legal matters, including compliance, involving Hovde Capital Advisors and its affiliates. Skilled and experienced in the structuring and negotiating of transactions, Mr. Perry is also involved in the negotiations of the various acquisitions made by the private equity and investment fund affiliates. An expert in the areas of corporate, securities and financial institution matters, including complex corporate and banking mergers, acquisitions and reorganizations, securities offerings (both public and private placements), and proxy contests, Mr. Perry has been lead counsel and strategist on numerous complex supervisory and non-supervisory acquisitions involving both foreign and domestic acquirers.

Prior to joining the Hovde organization in 1997, Mr. Perry served as outside counsel while he was a partner in the law firm of Perry, Simmons & Loots, P.C. in Washington, D.C., where his area of concentration was Banking, Corporate and Securities Law. Mr. Perry was previously in-house counsel of a large New England thrift, Executive Assistant to the Chairman of the Federal Home Loan Bank Board (now the Office of Thrift Supervision), and Partner in Charge of several East Coast financial institution practice groups for the national law firms of McKenna, Conner & Cuneo, Baker & Hostetler (where he also served on the D.C. Office Management Committee), and Hogan & Hartson.

Mr. Perry received his law degree from Suffolk University School of Law in Boston, Massachusetts, and his Bachelor of Arts degree from American International College in Massachusetts, where he majored in Political Science and earned a minor in French. Mr. Perry was the recipient of the McGowan Award for outstanding scholastic achievement and public service.

In his charitable endeavors, Mr. Perry has served as the Treasurer of the Special Olympics and actively supports and participates in numerous civic and humanitarian organizations
.


Jeffrey Boyd - Executive Director

Jeffrey Boyd
E-Mail: jboyd@hovde.com

An avid fan of Latin America and passionate about social justice, Jeff has leveraged his professional experiences in the private sector over the last 12 years to contribute to social causes.  While working for AES (a large US-based power company) and TIV (a hotel consulting firm) for four years in the Dominican Republic, he helped develop a home for street children that now serves 40 children.   In 2004, he assisted International Justice Mission (IJM) with an undercover investigation on trafficking of children in the Dominican Republic’s sex tourism industry, which resulted in the country’s first arrest and conviction for such crimes.  His responsibilities at AES included government/community relations, project permitting, and the resettlement of 10 poor families to allow for the safe installation of AES’ power lines.

Prior to joining the Hovde Foundation, Jeff worked for AES Corp’s Climate Change group, leading business development efforts in the Andean region for carbon offset projects, primarily landfill gas to energy projects.  He focused largely on Colombia, a country now very dear to his heart and where he remains actively involved on the advisory board of Ahmsa Colombia—a non-governmental organization (NGO) that offers job training, economic development opportunities, and relief services to internally displaced people (including former child soldiers) from the country’s armed conflict.   Between stints at AES, Jeff served as Vice President of Business Development for Latin America and the Caribbean for TIV, a hotel consultancy based in Dallas, Texas.
Jeff has volunteered with various social and humanitarian projects throughout Latin America with groups such as IJM, TechServe International, Prison Fellowship International, Bridge Builders, Young Life, and the Christian Medical and Dental Society. 

A graduate of Messiah College with a Bachelor of Arts in International Business, Jeff earned an Masters in Business Administration from the Thunderbird School of Global Management. 

 

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Did you know that the
Hovde Foundation has
granted more than $6.5
million to many
organizations?

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