Hartford Foundation For Public Giving
- Assets
- $1.1b
- Revenue
- $82.9m
- Investments
- $136.2m
- Employees
- 63
- Location
- Hartford, CT
- Founding
- 03/1942
- Data as of
- 12/2020
- EIN
- 06-0699252
Organization Overview
Hartford Foundation For Public Giving is located in Hartford, CT. The organization was established in 1942. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hartford Foundation For Public Giving employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Foundation For Public Giving 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 12/2020, Hartford Foundation For Public Giving generated $82.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $68.9m during the year ending 12/2020. While expenses have increased by 5.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hartford Foundation For Public Giving has awarded 7,259 individual grants totaling $296,814,781. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE HARTFORD FOUNDATION FOR PUBLIC GIVING, ESTABLISHED IN 1925, IS THE COMMUNITY FOUNDATION FOR PUTTING PHILANTHROPY INTO ACTION TO CREATE LASTING SOLUTIONS THAT RESULT IN VIBRANT COMMUNITIES WITHIN THE GREATER HARTFORD REGION. THE FOUNDATION SERVES APPROXIMATELY 775,000 RESIDENTS, HUNDREDS OF NONPROFITS AND A NETWORK OF PHILANTHROPISTS WITH MORE THAN 1450 FUNDS. IT BRINGS TOGETHER THE PEOPLE, KNOWLEDGE, INVESTMENTS AND PASSION TO MAKE THE REGION A MORE INCLUSIVE AND POSITIVE PLACE TO LIVE, WORK AND RAISE A FAMILY.
Describe the Organization's Program Activity:
DURING 2021, THE FOUNDATION AWARDED NEARLY $2.4 MILLION AND MORE THAN 750 SCHOLARSHIPS TO STUDENTS, INCLUDING TRADITIONAL-AGED STUDENTS, ADULT LEARNERS, AND GRADUATE STUDENTS, WHO ATTENDED COMMUNITY COLLEGES, TWO AND FOUR-YEAR COLLEGES AND UNIVERSITIES. THE WORK OF THE HARTFORD FOUNDATION IS MADE POSSIBLE BY CONTRIBUTIONS FROM INDIVIDUALS, FAMILIES AND ORGANIZATIONS WHO CONTRIBUTED MORE THAN $24 MILLION AND CREATED 76 NEW FUNDS AT THE FOUNDATION DURING 2021. TODAY THERE ARE 1,464 FUNDS AT THE FOUNDATION (AS OF DECEMBER 31, 2021). CONTINUING INTO 2021, THE GLOBAL COVID-19 PANDEMIC, WITH ITS PUBLIC HEALTH AND ECONOMIC CRISIS, WAS OVERLAID UPON GENERATIONS OF STRUCTURAL AND SYSTEMIC RACISM. COVID-19 INTENSIFIED THE URGENCY AND VALIDATED THE IMPORTANCE OF OUR STRATEGIC PRIORITIES. WE WORKED TOGETHER WITH OUR DONORS AND NON-PROFIT PARTNERS TO PROVIDE SUPPORT FOR HUNDREDS OF THOUSANDS OF RESIDENTS WITH PANDEMIC-RELATED GRANTS THAT IMPACTED EACH OF THE 29 TOWNS IN OUR REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Williams President & Secretary | Officer | 40 | $429,164 |
Bonnie J Malley VP Finance And Admin | Officer | 40 | $208,824 |
Elysa Gordon VP Community Impact | Officer | 40 | $206,321 |
Deborah Rothstein VP Of Development | 40 | $200,838 | |
Bradford H Drazen VP Communications & Market | 40 | $185,688 | |
Judith W Mcbride Director Of Strategic Partnership Investments | 40 | $183,225 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aberdeen Venture Partners Viii Lp Investment Management Fees | 12/30/21 | $746,664 |
Bank Of America Trustee Bank Investment Management Fees | 12/30/21 | $1,177,405 |
Commonfund Capital Venture Partners Xi Investment Management Fees | 12/30/21 | $605,128 |
Silchester International Investors Investment Management Fees | 12/30/21 | $667,949 |
10 Columbus Aquisitions Rent | 12/30/21 | $586,745 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,240,509 |
| Investment income | $16,800,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,844 |
| Net Gain/Loss on Asset Sales | $38,046,125 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,935,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $943,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,482,807 |
| Pension plan accruals and contributions | $405,874 |
| Other employee benefits | $652,677 |
| Payroll taxes | $423,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,739 |
| Fees for services: Accounting | $83,124 |
| Fees for services: Lobbying | $3,298 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,079,418 |
| Fees for services: Other | $1,309,208 |
| Advertising and promotion | $143,366 |
| Office expenses | $190,318 |
| Information technology | $194,105 |
| Royalties | $0 |
| Occupancy | $522,138 |
| Travel | $10,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,758 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283,112 |
| Insurance | $67,803 |
| All other expenses | $0 |
| Total functional expenses | $68,943,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,128,304 |
| Pledges and grants receivable | $306,839 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $933,877,010 |
| Investments—other securities | $136,215,711 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,374,845 |
| Total assets | $1,125,106,021 |
| Accounts payable and accrued expenses | $385,194 |
| Grants payable | $20,499,024 |
| Deferred revenue | $209,197 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,261,029 |
| Total liabilities | $31,354,444 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,093,751,577 |
Grants Awarded
Over the last fiscal year, Hartford Foundation For Public Giving has awarded $42,038,690 in support to 991 organizations.
| Grant Recipient | Amount |
|---|---|
Hartford, CT PURPOSE: COMMUNITY AND ECONOMIC DEVELOPMENT | $1,500,000 |
Hartford, CT PURPOSE: COMMUNITY AND ECONOMIC DEVELOPMENT | $1,500,000 |
New York, NY PURPOSE: COMMUNITY AND ECONOMIC DEVELOPMENT | $1,288,544 |
Hartford, CT PURPOSE: FAMILY SERVICES | $774,744 |
Westport, CT PURPOSE: GENERAL SUPPORT | $750,000 |
Storrs, CT PURPOSE: SCHOLARSHIPS | $622,972 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hartford Foundation For Public Giving has recieved totaling $129,751.
| Awarding Organization | Amount |
|---|---|
Joseph P Trumbull Trust Fbo Hartford Hospital Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $62,031 |
Smith Winchell Est Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $61,031 |
Barnabas Foundation Inc Tariffville, CT PURPOSE: FOR RELIGIOUS AN EDUCATIONAL PURPOSE | $5,700 |
John Cadwell Tr Uw Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $989 |
Endowment Analysis
| Beg. Balance | $1,089,299,515 |
| Earnings | $152,808,778 |
| Net Contributions | $24,529,055 |
| Other Expense | $54,738,214 |
| Ending Balance | $1,211,899,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For The City Of New York Inc New York, NY | $176,700,276 | $126,437,231 |
The Rhode Island Community Foundation Providence, RI | $1,346,682,058 | $194,702,159 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |