Hartford Healthcare Endowment Llc

Organization Overview

Hartford Healthcare Endowment Llc is located in Hartford, CT. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Healthcare Endowment Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Hartford Healthcare Endowment Llc generated $117.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $2.6m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION IS ORGANIZED AND OPERATED TO HOLD AND INVEST THE ENDOWMENT FUNDS EXCLUSIVELY FOR CERTAIN CHARITABLE HEALTH CARE ORGANIZATIONS IN THE HARTFORD HEALTHCARE CORPORATION INTEGRATED SYSTEM: WINDHAM COMMUNITY MEMORIAL HOSPITAL, INC., MIDSTATE MEDICAL CENTER, HARTFORD HOSPITAL, THE HOSPITAL OF CENTRAL CONNECTICUT AT NEW BRITAIN GENERAL AND BRADLEY MEMORIAL, THE WILLIAM W. BACKUS HOSPITAL, RUSHFORD CENTER, INC., RUSHFORD FOUNDATION, INC., HARTFORD HEALTHCARE AT HOME, INC., THE CHARLOTTE HUNGERFORD HOSPITAL, HARTFORD HEALTHCARE SENIOR SERVICES INC. AND HARTFORD HEALTHCARE CORPORATION, ALL OF WHICH ARE SECTION 501(C)(3) ORGANIZATIONS UNDER COMMON CONTROL AND RECOGNIZED AS PUBLIC CHARITIES WITHIN THE MEANING OF SECTION 509(A)(1) OR 509(A)(2).

Describe the Organization's Program Activity:

THE FOUNDATION'S SOLE ACTIVITY CONSISTS OF HOLDING POOLED ENDOWMENT FUNDS OF CERTAIN TAX-EXEMPT AFFILIATES OF HARTFORD HEALTHCARE CORPORATION (HHC)AND INVESTING SUCH POOLED FUNDS. MORE SPECIFICALLY, THE FOUNDATION'S ACTIVITIES SUPPORTING THESE TAX-EXEMPT AFFILIATES CONSISTS OF (A) INVESTING AND MANAGING THE TAX-EXEMPT AFFILIATES' ENDOWMENT FUNDS; (B) DISTRIBUTING INCOME EARNED FROM THE ENDOWMENT FUNDS TO THE TAX-EXEMPT AFFILIATES; AND (C) POTENTIALLY HOLDING AND MANAGING OTHER ASSETS OWNED BY THE TAX-EXEMPT AFFILIATES. THE FOUNDATION DOES NOT RAISE, MANAGE OR INVEST ON BEHALF OF ANY ENTITY OTHER THAN THESE HHC TAX-EXEMPT AFFILIATES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Man Numeric Emerging Markets Alpha Lp
Investment Management
$526,401
Ardevora Global Equity Fund Class C
Investment Management
$482,926
Ab Global Next 50 Emerging Markets Fund
Investment Management
$440,969
Kayne Anderson Rudnick
Investment Management
$383,708
Garda Fixed Income Relative Value
Investment Management
$354,523
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $11,748,134
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $105,310,508
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $117,058,642

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