Each year, the festival committee reviews applications from many area charitable organizations, and selects one or more beneficiaries for the event. The selected organizations then provide volunteers and other support to the committee to conduct the event. Substantially all of the net proceeds are then given to the beneficiary organizations. The 2017 beneficiary organizations were:

L.I.F.E. ministries Food Pantry, located on 264 South Main St, Wolfeboro, was started in 1985 to provide assistance to families in need. Their goal is to provide each member of a family with 3 meals a day for 3 days a week. In 2016 over 143,000 meals were distributed to area families. The food pantry is staffed entirely by volunteers. The Board of Directors is comprised of two representatives from seven area churches. Food for the pantry is donated by many area organizations and individuals, and purchased at a discount at the NH Food Bank and other sources. The funds from the Festival of Trees will be used to purchase food and to expand the current space by renovating a garage area to make the pantry more efficient, allow for storage of more food, and a consultation space where staff can meet privately with clients.

Wolfeboro Area Recreation Association (WARA) was founded in 1999 to address the shortage of field space for local youth to practice and play. Opened to the public in 2007, the Nicholas J. Pernokas Recreational Park, fondly known as “The Nick” includes two baseball diamonds, two softball fields, three multi-use fields, a track, walking paths, two playgrounds, a pavilion, dog park and neighboring skate park. More than 800 youth consider The Nick to be their home field. In 2010, WARA developed the Youth Assistance Program to ensure that every child, regardless of financial abilities, would have the opportunity to play a team sport at The Nick. The funds from the Festival of Trees will provide financial assistance in the form of scholarships and/or equipment to qualifying families.

In the past years, the festival has raised more than $290,000 to aid the following local charitable organizations:

2016 - Child Advocacy Center of Carroll County and Global Awareness Local Action

2015 - Friends of the Libby Museum and Kingswood Youth Center

2014 - End 68 Hours of Hunger and Caregivers of Southern Carroll County

2013 - Ossipee Children's Fund and All Saints' Preschool

2012 - Appalachian Mountain Teen Project and Granite State Adaptive

2011 - Wolfeboro Nursury School and Assistance Canine Training Services

2010 - Wolfeboro Senior Center and Meals

2009 - Lions Fuel Assistance Fund

2008 - 10th anniversary year, proceeds divided among past beneficiaries.

2007 - Wolfeboro Area Meals on Wheels

2006 - Wolfeboro Friends of Music, Appalachian Mountain Teen Project

2005 - Child Advocacy Center of Carroll County

2004 - VNA Good Beginnings

2003 - Lakes Region Humane Society

2002 - Kingswood Youth Center

2001 - Wolfeboro Area Children's Center

2000 - Life Ministries Food Pantry

1999 - Life Ministries Food Pantry