Overview
What is Hartford Foundation For Public Giving?
The Hartford Foundation for Public Giving, established in 1925, is a community foundation in the Hartford region with a mission to put philanthropy into action for lasting solutions. Based in Hartford, Connecticut, the organization serves approximately 775,000 residents and hundreds of nonprofits. In 2022, they awarded nearly $1.8 million in scholarships and grants, totaling over $40 million in contributions. Their work focuses on creating vibrant communities and addressing local challenges, with a commitment to dismantling structural racism and achieving equity in social and economic mobility. As of December 31, 2022, they manage over 1,500 funds. During the COVID-19 pandemic, the foundation collaborated with donors and non-profit partners to provide essential support to hundreds of thousands of residents in the 29 towns within their region.
Official website here: www.hfpg.org
What are the reviews and ratings of this charity?
98% - Four-Star out of Four Star rating
The Hartford Foundation For Public Giving has earned a high rating of 98% from Charity Navigator, indicating strong accountability and finance practices. The organization boasts excellent scores across various accountability metrics, including a fully independent board and robust financial oversight. This level of transparency and governance reflects a commitment to maintaining the trust of stakeholders and donors.
Strengths of the foundation include a high program expense ratio of 82.25%, demonstrating a strong focus on its mission through effective program delivery. Additionally, the foundation maintains a solid fundraising efficiency, with only $0.07 spent to raise a dollar, showcasing its ability to maximize resources. The organization also excels in cultivating a positive culture and leadership adaptability, both rated at 100%, indicating a strong internal environment and responsiveness to change.
While the foundation's financial health appears robust, with liabilities to assets ratio at just 3.41% and a working capital ratio of 15.67 years, ongoing evaluation of its program impact will be essential to sustain these achievements. Overall, the Hartford Foundation For Public Giving shows a strong commitment to accountability, effective management, and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Hartford Foundation For Public Giving legitimate?
Hartford Foundation For Public Giving is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hartford Foundation For Public Giving submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,059,064
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,603,823
For more financial information, click here
Official website here: www.hfpg.org
What is the mission statement of Hartford Foundation For Public Giving?
The Hartford Foundation for Public Giving serves as the community foundation for approximately 775,000 residents in the Hartford region. Established in 1925, its mission is to put philanthropy into action, creating lasting solutions that result in vibrant communities. The foundation brings together individuals, businesses, and nonprofits to understand local challenges, share information, and pool resources behind solutions that can build a more equitable and resilient place to live, work, and raise a family. The organization is committed to dismantling structural racism and achieving equity in social and economic mobility within the region, collaborating with nonprofit organizations and community stakeholders to realize these goals.
Official website here: www.hfpg.org
Who is the CEO of Hartford Foundation For Public Giving?
Jay Williams is the President & Secretary of Hartford Foundation For Public Giving.
Official website here: www.hfpg.org
What is the revenue of Hartford Foundation For Public Giving?
Hartford Foundation For Public Giving's revenue in 2022 was $84,111,242.
Official website here: www.hfpg.org
Who are the executives of Hartford Foundation For Public Giving and what are their salaries?
The average compensation at Hartford Foundation For Public Giving during 2022 was $92,540. There are 72 employees and 351 volunteers at Hartford Foundation For Public Giving.
Here are 19 key members and their salaries:
- Compensation: $465,276
- Related: $0
- Other: $70,443
- Compensation: $218,639
- Related: $0
- Other: $46,383
- Compensation: $213,247
- Related: $0
- Other: $45,076
- Compensation: $209,040
- Related: $0
- Other: $29,172
- Compensation: $193,534
- Related: $0
- Other: $43,258
- Compensation: $189,438
- Related: $0
- Other: $26,011
- Compensation: $175,362
- Related: $0
- Other: $15,691
- Compensation: $166,087
- Related: $0
- Other: $24,452
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.hfpg.org
Where can I find the form 990 for Hartford Foundation For Public Giving?
Hartford Foundation For Public Giving's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hfpg.org
Learn more at the official website: www.hfpg.org
Mission Statement of Hartford Foundation For Public Giving
The Hartford Foundation for Public Giving, a community foundation established in 1925, is dedicated to making a lasting impact on the vibrant communities within the Greater Hartford region. With a mission to put philanthropy into action, this organization brings together individuals, businesses, and nonprofits to tackle local challenges, share knowledge, and pool resources behind innovative solutions. The Hartford Foundation serves approximately 775,000 residents and supports hundreds of nonprofits, creating an extensive network of philanthropists.
As the region's community foundation, the Hartford Foundation for Public Giving is a public grantmaking organization that fosters collaboration and understanding to address complex social issues. By connecting dedicated individuals and organizations, the Foundation facilitates the exchange of information and resources, empowering them to build a more equitable and resilient community. In addition to its commitment to creating vibrant communities, the Hartford Foundation is dedicated to dismantling structural racism and promoting equity in social and economic mobility in the region. This commitment is reflected in the organization's priorities, plans, and resource allocation.
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Impact
August, 2024
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 community foundation for 29 towns in the Hartford region, it serves approximately 775,000 residents, hundreds of nonprofit organizations, and a network of philanthropists with more than 1,500 funds.
During 2022, the foundation awarded nearly $1.8 million and more than 550 scholarships to students, including traditional-aged students, adult learners, and graduate students, attending various educational institutions. The work of the Hartford Foundation is made possible by contributions from individuals, families, and organizations who contributed more than $40 million and created 41 new funds at the foundation in 2022.
In response to the global COVID-19 pandemic and the overlay of generations of structural and systemic racism, the foundation collaborated with donors and nonprofit partners to provide support for hundreds of thousands of residents with pandemic-related grants that impacted each of the 29 towns in the region. The foundation's commitment to dismantling structural racism and achieving equity in social and economic mobility in the region is at the core of its work and is reflected in its priorities, plans, and allocation of resources.
This information is meant to be a general summary of Hartford Foundation For Public Giving. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $41,805,859
- Gross Receipts: $308,020,690
Assets and Liabilities:
- Total Assets: $1,057,794,917
- Total Liabilities: $36,085,531
- Net Assets: $1,021,709,386
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Organization Details
Founding Year
1925
Phone
(860) 548-1888Principal Officer
Jay Williams
Main Address
10 COLUMBUS BLVD 8TH FLOOR, HARTFORD, CT, 06106
Website
www.hfpg.orgNTEE Category
Code: T31 - Philanthropy
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