HARTFORD FOUNDATION FOR PUBLIC GIVING

EIN: 060699252 501(c)(3) Philanthropy & Grantmaking

HARTFORD, CT

Total Revenue
$67,374,716
Total Expenses
$66,436,606
Total Assets
$1,138,970,331
Net Assets
$1,110,662,434
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
CT
Principal Officer
JAY WILLIAMS
Phone
8605481888
Tax Period
2023-01-01 to 2023-12-31

HARTFORD FOUNDATION FOR PUBLIC GIVING, founded in 1925, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $67.4M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Net assets of $1.1B represent 198 months of operating reserves.

Mission

THE HARTFORD FOUNDATION FOR PUBLIC GIVING PUTS PHILANTHROPY INTO ACTION TO CREATE LASTING SOLUTIONS THAT RESULT IN VIBRANT COMMUNITIES WITHIN THE GREATER HARTFORD REGION. AS THE REGION'S COMMUNITY FOUNDATION, IT IS A PUBLIC, GRANTMAKING ORGANIZATION BRINGING TOGETHER DEDICATED INDIVIDUALS, BUSINESSES AND NONPROFITS TO UNDERSTAND LOCAL CHALLENGES, SHARE INFORMATION AND PUT RESOURCES BEHIND SOLUTIONS THAT CAN BUILD A MORE EQUITABLE AND RESILIENT PLACE TO LIVE, WORK AND RAISE A FAMILY. WE ARE COMMITTED TO DISMANTLING STRUCTURAL RACISM, AND ACHIEVING EQUITY IN SOCIAL AND ECONOMIC MOBILITY IN OUR REGION, IN PARTNERSHIP WITH NONPROFIT ORGANIZATIONS AND COMMUNITY STAKEHOLDERS. THAT COMMITMENT SITS AT THE CENTER OF THE FOUNDATION'S WORK AND IS REFLECTED IN THE ORGANIZATION'S PRIORITIES, PLANS AND ALLOCATION OF RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $55,282,696 Revenue: $0

THE FOUNDATION IS A COMMUNITY FOUNDATION SERVING THE GREATER HARTFORD AREA BY MAKING GRANTS TO NONPROFIT ORGANIZATIONS AND AGENCIES IN NEED OF FINANCIAL ASSISTANCE. DURING 2023, THE FOUNDATION...

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THE FOUNDATION IS A COMMUNITY FOUNDATION SERVING THE GREATER HARTFORD AREA BY MAKING GRANTS TO NONPROFIT ORGANIZATIONS AND AGENCIES IN NEED OF FINANCIAL ASSISTANCE. DURING 2023, THE FOUNDATION AWARDED NEARLY $1.5 MILLION AND 550 SCHOLARSHIPS TO COLLEGES AND UNIVERSITIES, TO HELP SUPPORT 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 $22 MILLION AND CREATED 26 NEW FUNDS AT THE FOUNDATION DURING 2023. TODAY THERE ARE 1,522 FUNDS AT THE FOUNDATION (AS OF DECEMBER 31, 2023).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $22,392,631
Program Service Revenue $0
Investment Income $43,970,290
Other Revenue $1,011,795
TOTAL REVENUE $67,374,716

Expense Breakdown

Grants Paid $50,044,335
Salaries & Benefits $8,495,516
Fundraising Expenses $1,801,506
Program Expenses $55,282,696
Other Expenses $7,896,755
TOTAL EXPENSES $66,436,606

Year-over-Year Comparison

2023 2022 Change
Revenue $67,374,716 $84,111,242 -0.2%
Expenses $66,436,606 $70,423,085 -0.1%
Net Income $938,110 $13,688,157 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
68
Volunteers
433

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,166,389
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW R WORTHINGTON CHAIR 2.30
Officer Director
$0 $0 $0
MARK OVERMYER-VELAZQUEZ VICE CHAIR 2.30
Officer Director
$0 $0 $0
MARLENE IBSEN TREASURER 3.50
Officer Director
$0 $0 $0
SUSAN R DUNN DIRECTOR 2.30
Director
$0 $0 $0
BEATRIX GUTIERREZ DIRECTOR 2.30
Director
$0 $0 $0
SIVAN HINES DIRECTOR 2.30
Director
$0 $0 $0
ALAN MATTAMANA DIRECTOR 2.30
Director
$0 $0 $0
RICHARD N PALMER DIRECTOR 2.30
Director
$0 $0 $0
NICOLE PORTER DIRECTOR 2.30
Director
$0 $0 $0
DAVID M ROTH DIRECTOR 2.30
Director
$0 $0 $0
THEODORE S SERGI DIRECTOR 3.50
Director
$0 $0 $0
JAY WILLIAMS PRESIDENT & SECRETARY 40.00
Officer
$515,432 $74,821 $590,253
BONNIE J MALLEY VP FINANCE & ADMINISTRATION ADMIN 40.00
Officer
$246,970 $42,149 $289,119
ELYSA GORDON VP COMMUNITY IMPACT 40.00
Officer
$238,476 $48,541 $287,017
DEBORAH ROTHSTEIN VP OF DEVELOPMENT 40.00
Highest
$235,936 $31,797 $267,733
BRADFORD H DRAZEN VP COMMUNICATIONS & MARKETING 40.00
Highest
$217,230 $46,683 $263,913
JUDITH W MCBRIDE VP COMMUNICATIONS & MARKETING 40.00
Highest
$192,590 $26,769 $219,359
SUSAN H DANA DIRECTOR OF DEVELOPMENT, MAJOR GIFTS 40.00
Highest
$176,680 $15,824 $192,504
SALLY WEISMAN DIRECTOR OF DEVELOPMENT & DONOR SVCS 40.00
Highest
$166,906 $25,050 $191,956
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $67,374,716 $66,436,606 $1,138,970,331 $938,110
2022 $84,111,242 $70,423,085 $1,057,794,917 $13,688,157
2021 $156,392,169 $61,917,472 $1,247,890,543 $94,474,697
2020 $82,935,365 $68,943,652 $1,125,106,021 $13,991,713
2019 $86,652,679 $56,229,736 $1,063,228,767 $30,422,943
2018 $82,496,227 $56,797,144 $933,276,490 $25,699,083
2018 $82,496,227 $56,797,144 $933,276,490 $25,699,083
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