Community Foundation For Greater New Haven
- Assets
- $835.1m
- Revenue
- $102.3m
- Investments
- $246.2m
- Employees
- 48
- Location
- New Haven, CT
- Founding
- 08/1941
- Data as of
- 12/2021
- EIN
- 06-6032106
Organization Overview
Community Foundation For Greater New Haven is located in New Haven, CT. The organization was established in 1941. 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 12/2022, Community Foundation For Greater New Haven employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Greater New Haven 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, Community Foundation For Greater New Haven generated $102.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $49.4m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 6 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 2022, Community Foundation For Greater New Haven has awarded 459 individual grants totaling $72,522,651. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE COMMUNITY FOUNDATION IS TO CREATE POSITIVE AND SUSTAINABLE CHANGE IN CONNECTICUT'S GREATER NEW HAVEN REGION BY INCREASING THE AMOUNT OF AND ENHANCING THE IMPACT OF COMMUNITY PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIC VITALITY: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE CIVIC VITALITY.
EDUCATION: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROVIDE QUALITY EDUCATION. EXPENSES $5,986,491 INCLUDING GRANTS OF $5,546,600. ECONOMIC SUCCESS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE REGIONAL ECONOMIC SUCCESS. EXPENSES $2,565,639 INCLUDING GRANTS OF $2,377,114.YOUTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE HEALTHY YOUTH DEVELOPMENT. EXPENSES $1,710,426 INCLUDING GRANTS OF $1,584,743.BASIC NEEDS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE BASIC HUMAN NEEDS. EXPENSES $1,710,426 INCLUDING GRANTS OF $1,584,743.ENVIRONMENT: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE PROTECTION OF THE ENVIRONMENT. EXPENSES $1,710,426 INCLUDING GRANTS OF $1,584,743.
ARTS AND CULTURE: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE ARTS AND CULTURE.
HEALTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT ENSURE HEALTH AND WELLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William W Ginsberg President & CEO | Officer | 40 | $464,616 |
Andrew F Alden Sr. VP For Investments | 40 | $366,693 | |
Angela Powers Sr. VP For Operations | 37.5 | $331,651 | |
Dorothy Weston-Murphy Sr. VP For Development | 37.5 | $243,055 | |
Christina Ciociola Sr. VP For Grantmaking | 37.5 | $247,616 | |
Leon Bailey Sr. VP Organizational Effe | 37.5 | $240,830 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trust Bank Of America Investment Manager | 12/30/22 | $358,005 |
Permian Investment Partners Investment Manager | 12/30/22 | $301,571 |
Raven Asset Based Opportunity Fund Investment Manager | 12/30/22 | $299,824 |
Crewcial Partners Llc Investment Advisor | 12/30/22 | $272,481 |
Westwood Global Investments Llc Investment Manager | 12/30/22 | $259,018 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,432,139 |
| Investment income | $11,457,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,364,986 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,254,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $120,759 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $742,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,749,301 |
| Pension plan accruals and contributions | $352,328 |
| Other employee benefits | $437,942 |
| Payroll taxes | $280,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,098 |
| Fees for services: Accounting | $53,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,717,144 |
| Fees for services: Other | $395,172 |
| Advertising and promotion | $155,476 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $319,224 |
| Travel | $221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,963 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,507 |
| Insurance | $85,551 |
| All other expenses | $0 |
| Total functional expenses | $49,393,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,865,157 |
| Pledges and grants receivable | $36,698,146 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $39,182,280 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $489,168,900 |
| Investments—other securities | $246,240,218 |
| Investments—program-related | $4,345,851 |
| Intangible assets | $0 |
| Other assets | $426,381 |
| Total assets | $835,102,821 |
| Accounts payable and accrued expenses | $714,471 |
| Grants payable | $708,921 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,597,653 |
| Total liabilities | $38,021,045 |
| Net assets without donor restrictions | $795,188,372 |
| Net assets with donor restrictions | $1,893,404 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $797,081,776 |
Grants Awarded
Over the last fiscal year, Community Foundation For Greater New Haven has awarded $72,522,651 in support to 459 organizations.
| Grant Recipient | Amount |
|---|---|
ACT OF CONNECTICUT PURPOSE: 2021 BURRY FREDRIK FOUNDATION GRANT | $30,000 |
AGENCY ON AGING OF SOUTH CENTRAL CONNECTICUT PURPOSE: GENERAL OPERATING SUPPORT | $296,693 |
ACES EDUCATION FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $8,000 |
ALL ACCESS TRAINING AND STUDENT ATHLETE DEVELOPMENT PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
ALL SAINTS CATHOLIC ACADEMY PURPOSE: FOR SCHOLARSHIPS FOR NEEDY STUDENTS AND NECESSARY | $46,009 |
ALL OUR KIN INC PURPOSE: CHILD CARE EDUCATION, GENERAL OPERATING SUPPORT | $50,000 |