Hartford Foundation for Public Giving
Nonprofit profile at a glance
- EIN
- 060699252
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Hartford, CT, USA
- Phone
- 8605481888
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $144,403,277
- Expenses
- $73,573,273
- Assets
- $1,200,997,733
- Liabilities
- $26,574,552
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JAY WILLIAMS (PRESIDENT & SECRETARY)
Highest reported compensation
- JAY WILLIAMS (PRESIDENT & SECRETARY): $594,483 total reported compensation
- BONNIE J MALLEY (VP FINANCE & ADMINISTRATION): $307,014 total reported compensation
- ELYSA GORDON (VP COMMUNITY IMPACT): $296,622 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
The hartford foundation for public giving is a community foundation that supports 29 towns in the greater hartford region by providing grants to nonprofit organizations and agencies in need. During 2024, the foundation awarded nearly $1.5 million and 461 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 $34 million and created 20 new funds at the foundation during 2024. Today there are 1,542 funds at the foundation (as of december 31, 2024).
Operating model
- Revenue model
- Donor-supported. 62% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 88
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 82.2%; rating input score 82
- Fundraising efficiency: $15.99 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 97.2%; rating input score 97; 31st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 49.1%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 16.32; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 93; 93rd percentile among comparable filings
- Officer compensation ratio: 3.1%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 82.2% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $60.5M in reported program spending
- Leadership: top reported pay $594K · 19 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.4M reported
- Consistency: 36 of 38 current checks pass · 2 findings to review
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 622 filed money-flow records
- Related organizations: 606 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 52/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.