New Canaan Community Foundation Inc

Organization Overview

New Canaan Community Foundation Inc is located in New Canaan, CT. The organization was established in 1978. 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 06/2022, New Canaan Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Canaan Community Foundation Inc 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 06/2022, New Canaan Community Foundation Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 13.1% per year over the past 7 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 2017, New Canaan Community Foundation Inc has awarded 773 individual grants totaling $11,657,597. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION SERVES AS NEW CANAAN'S LOCAL PARTNER FOR ADVICE, LEADERSHIP, AND FACILITATION OF CHARITABLE GIVING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS ARE MADE TO SUPPORT CAPITAL, PROGRAM AND OPERATING NEEDS OF LOCAL NONPROFIT ORGANIZATIONS.


GRANTS ARE MADE TO PROVIDE SCHOLARSHIP ASSISTANCE FOR NEW CANAAN RESIDENTS WITH FINANCIAL NEED. GRANTS ARE ALSO MADE TO NONPROFIT ORGANIZATIONS TO SUPPORT THEIR SCHOLARSHIP EFFORTS.


THE YOUNG PHILANTHROPISTS PROGRAM WORKS DURING THE SCHOOL YEAR WITH HIGH SCHOOL AGED STUDENTS LIVING OR GOING TO SCHOOL IN NEW CANAAN. STUDENTS LEARN ABOUT NONPROFIT ORGANIZATIONS, LOCAL ISSUES, AND COMMUNITY PHILANTHROPY, AND AWARD GRANTS TO SELECT NONPROFIT ORGANIZATIONS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Lauren Patterson
President & CEO
$136,920
Laura Dobbin
Chair
$0
Jeffrey Williams
Vice Chair, Treasurer
$0
Elizabeth Cahill
Secretary
$0
Eileen Boyd
Director
$0
Aaron Cooper
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$14,960
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,239,956
Noncash contributions included in lines 1a–1f $550,176
Total Revenue from Contributions, Gifts, Grants & Similar$3,254,916
Total Program Service Revenue$1,800
Investment income $1,044,303
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $207,058
Net Income from Fundraising Events $107,363
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,615,440

Grants Awarded

Over the last fiscal year, New Canaan Community Foundation Inc has awarded $2,322,621 in support to 92 organizations.

Grant RecipientAmount

NEW CANAAN LIBRARY

Org PageRecipient Profile

New Canaan, CT

PURPOSE: GRANT RECOMMENDED BY DAF

$515,643

NORWALK COMMUNITY COLLEGE FOUNDATION INC

Org PageRecipient Profile

Norwalk, CT

PURPOSE: GRANT TO SUPPORT THE SUMMER BRIDGE MATH INTENSIVE PROGRAM; GRANT TO 2020-21 NCC SCHOLARSHIP

$184,900

NEW CANAAN COMMUNITY FOUNDATION

Org PageRecipient Profile

New Canaan, CT

PURPOSE: GRANT RECOMMENDED BY DAF; RESTRICTED GRANTS FOR COVID-19 NEEDS AND PHILANTHROPY LUNCHEON

$100,744

TOWN OF NEW CANAAN

PURPOSE: GRANT RECOMMENDED BY DAF RESTRICTED TO CONSERVATION COMMISSION

$90,550

Darien, CT

PURPOSE: RESTRICTED GRANT FOR COVID-19 NEEDS; GRANT TO SUPPORT THE MOBILE FOOD PANTRY

$64,900

MOUNT SAINT JOSEPH HIGH SCHOOL

Org PageRecipient Profile

Baltimore, MD

PURPOSE: GRANT RECOMMENDED BY DAF

$60,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that New Canaan Community Foundation Inc has recieved totaling $206,000.

Awarding OrganizationAmount
Jim And Dede Bartlett Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$200,000
The Richard And Barbara Whitcomb Foundation

Holyoke, MA

PURPOSE: GENERAL SUPPORT

$5,000
$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$24,424,026
Earnings-$3,713,553
Net Contributions$2,617,504
Other Expense$744,871
Grants$2,604,227
Ending Balance$19,978,879

Create an account to unlock the data you need.

or