Connecticut Community Foundation Inc

Organization Overview

Connecticut Community Foundation Inc is located in Waterbury, CT. The organization was established in 1933. 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, Connecticut Community Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut 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 12/2021, Connecticut Community Foundation Inc generated $11.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $9.1m during the year ending 12/2021. While expenses have increased by 7.0% 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 2015, Connecticut Community Foundation Inc has awarded 1,202 individual grants totaling $27,005,929. 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION FOSTERS AN EQUITABLE AND INCLUSIVE COMMUNITY IN GREATER WATERBURY AND LITCHFIELD HILLS BY INSPIRING GENEROSITY, SUPPORTING ORGANIZATIONS, AND CULTIVATING EFFECTIVE LEADERS.

Describe the Organization's Program Activity:

SUPPORTING NONPROFIT ORGANIZATIONS IN GREATER WATERBURY AND THE LITCHFIELD HILLS FOR PROGRAMS AND SERVICES IN THE ARTS, HEALTH, OLDER ADULTS, EDUCATION, ENVIRONMENT, SOCIAL SERVICES AND WOMEN'S ISSUES; PROVIDING SCHOLARSHIPS FOR COLLEGE STUDENTS; STRENGTHENING NONPROFIT ORGANIZATIONS THROUGH GRANTS AND TECHNICAL ASSISTANCE PROGRAMS; AND PROVIDING LEADERSHIP TO ADDRESS CRITICAL ISSUES IN OUR COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Julie Loughran
President & CEO
$182,870
Barbara Ryer
Director Of Finance
$128,120
Josh Carey
Grants Management Director
$102,594
Michael Giardina
Vice Chair
$0
Kathy Taylor
Chair
$0
Deborah Foord
Treasurer
$0

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$6,336,525
Noncash contributions included in lines 1a–1f $374,139
Total Revenue from Contributions, Gifts, Grants & Similar$6,336,525
Total Program Service Revenue$0
Investment income $4,031,390
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $472,884
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,174,882

Grants Awarded

Over the last fiscal year, Connecticut Community Foundation Inc has awarded $4,990,845 in support to 204 organizations.

Grant RecipientAmount

MERRILL LYNCH BANK OF AMERICA CHARITABLE GIFT FUND

Org PageRecipient Profile

Boston, MA

PURPOSE: FOR PARKER ROGNESS ADVISED FUND

$146,746

CHILDREN'S COMMUNITY SCHOOL

Org PageRecipient Profile

Waterbury, CT

PURPOSE: GIVE LOCAL 2021; FINANCIAL FORECASTING FOR FUTURE FACILITY; COMMUNITY GARDEN

$142,015

WATERBURY SYMPHONY ORCHESTRA

Org PageRecipient Profile

Watertown, CT

PURPOSE: GIVE LOCAL 2021; SYMPHONY'S EDUCATIONAL MISSION; TO PROVIDE COMPENSATION FOR MUSICIANS AND GUEST ARTISTS; COMPENSATION OF THE CONDUCTOR; 2021 COMMUNITY JAZZ PROGRAM; BRAVO WATERBURY SUMMER SESSION 2021

$140,710

ST VINCENT DEPAUL MISSION OF WATERBURY

Org PageRecipient Profile

Waterbury, CT

PURPOSE: GIVE LOCAL 2021; HOMELESS MEDICAL RESPITE PROGRAM; MERRIMAN CULINARY PROGRAM; WOMEN DAY PROGRAM

$115,851

NEW OPPORTUNITIES INC

Org PageRecipient Profile

Waterbury, CT

PURPOSE: GIVE LOCAL 2021; MEALS ON WHEELS TRUCK REPLACEMENT & REPAIRS; SYSTEM INTEGRATION UPGRADE; BRASS (BRINGING RESOURCES TO ACTION TO SERVE SENIORS)

$112,196

Naugatuck, CT

PURPOSE: GIVE LOCAL 2021; INFANT AND TODDLER DAYCARE EXPANSION; SENIOR EXERCISE AND WELL-BEING; FIT CLUB 8TH GRADE INITIATIVE; STRATEGIC PLANNING, STAFF AND BOARD DEVELOPMENT; HOUSING CAPACITY INCREASE; SENIORS STAYING CONNECTED; LIVESTRONG

$111,750
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 19 grants that Connecticut Community Foundation Inc has recieved totaling $548,891.

Awarding OrganizationAmount
Chase Collegiate School Foundation Inc

Waterbury, CT

PURPOSE: ESTABLISH DONOR ADVISED FUND

$200,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$95,515
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS

$68,000
The United Way Of Greater Waterbury Inc

Waterbury, CT

PURPOSE: GENERAL USE

$30,000
Ion Bank Foundation Inc

Naugatuck, CT

PURPOSE: GIVE LOCAL

$29,708
The Berkshire Taconic Community Foundation Inc

Sheffield, MA

PURPOSE: FOR ADAPTIVE LEADERSHIP FOR SMALL NONPROFITS

$26,875
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$127,410,666
Earnings$18,581,567
Admin Expense$2,386,327
Net Contributions$3,847,282
Grants$4,942,712
Ending Balance$142,510,476

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