Issue link: https://nebusinessmedia.uberflip.com/i/1065590
NONPROFITS 76 | HARTFORD BUSINESS JOURNAL • DECEMBER 24, 2018 Advertising space now available, RESERVE YOUR SPACE NOW! contact Donna Collins, Associate Publisher at 860-236-9998 ext. 121 Or dcollins@HartfordBusiness.com DOING BUSINESS IN CONNECTICUT 2019! View the 2018 Digital Edition at www.DoingBusinessinCT.com Largest community foundations in Connecticut (Ranked by assets, FY 2017) Rank Foundation Assets Revenue/ Expenses Top executive Year founded 1 Hartford Foundation for Public Giving (a) 10 Columbus Blvd., 8th Floor, Hartford, CT 06106 860-548-1888; www.hfpg.org $1,042,810,075 $33,890,776 $45,731,768 Jay Williams (b) President 1925 2 The Community Foundation for Greater New Haven 70 Audubon St., New Haven, CT 06510 203-777-2386; www.cfgnh.org $620,119,557 (c) $66,101,060 (c) $22,277,620 (c) William W. Ginsberg President & CEO 1928 3 Fairfield County's Community Foundation 40 Richards Ave., Norwalk, CT 06854 203-750-2300; www.fccfoundation.org $207,454,138 (d) $52,785,913 (d) $21,697,869 (d) Juanita T. James President & CEO 1992 4 Jewish Community Foundation of Greater Hartford 333 Bloomfield Ave., Suite D, West Hartford, CT 06117 860-523-7460; www.jcfhartford.org $114,837,000 $15,434,000 $5,670,000 Jacob Schreiber (e) President & CEO 1972 5 Northwest Connecticut Community Foundation 33 E. Main St., Torrington, CT 06790 860-626-1245; www.northwestcf.org $110,351,562 $16,643,369 $4,006,014 Guy Rovezzi President & CEO 1969 6 The Connecticut Community Foundation 43 Field St., Waterbury, CT 06702 203-753-1315; www.conncf.org $109,471,165 $17,714,854 $6,964,366 Julie Loughran (f) President & CEO 1923 7 Community Foundation of Eastern Connecticut 68 Federal St., New London, CT 06320 860-442-3572; www.cfect.org $83,314,852 $20,748,869 $7,927,822 Maryam Elahi President & CEO 1983 8 People's United Community Foundation 850 Main St., Bridgeport, CT 06604 203-338-6111; www.pucf.org $57,289,030 $5,672,938 $3,258,464 Karen Galbo Executive director NA 9 Community Foundation of Greater New Britain 74 A Vine St., New Britain, CT 06052 860-229-6018; www.cfgnb.org $47,727,723 $6,646,721 $2,163,603 David J. Obedzinski President & CEO 1941 10 Main Street Community Foundation 120 Halcyon Drive, Bristol, CT 06010 860-583-6363; www.mainstreetfoundation.org $43,817,473 $6,858,860 $2,290,484 Susan D. Sadecki President & CEO 1995 11 The Valley Community Foundation (g) 253-A Elizabeth St., Derby, CT 06418 203-751-9162; www.valleyfoundation.org $25,253,283 $4,459,602 $1,793,426 Sharon L. Closius President & CEO 2004 12 Community Foundation of Middlesex County 49 Main St., Middletown, CT 06457 860-347-0025; www.middlesexcountycf.org $20,626,471 $7,504,217 $1,348,437 (h) Cynthia H. Clegg President & CEO 1997 13 New Canaan Community Foundation 111 Cherry St., New Canaan, CT 06840 203-966-0231; www.newcanaancf.org $17,454,673 $2,657,164 $1,657,741 Lauren Patterson President & CEO 1977 Sources: Foundation websites and audited financial statements or annual reports. Note: Total expenses include operational expenses and grant awards. (a) Serves 29 towns, hundreds of nonprofits and more than 750,000 residents. (b) Succeeded Linda J. Kelly upon her retirement in spring 2017. (c) As reported in combined financial statement for The Community Foundation for Greater New Haven and affiliated Valley Community Foundation. (d) As reported in 2017 Year in Review document, including agency funds. (e) Effective Sept. 1, 2018, succeeded Michael Johnston, who stepped down Jan. 31, 2018. (f) Effective November 2017, succeeded Paula Van Ness upon her retirement. (g) Audited financial statements are reported independently and combined as part of The Community Foundation for Greater New Haven's consolidated audited financial statements in accordance with the affiliation agreement between the two foundations. (h) Represents $722,442 in functional expenses and $625,995 in grant awards to nonprofits. —Compiled by Heide Martin. LARGEST COMMUNITY FOUNDATIONS IN CONNECTICUT (Ranked by assets, FY 2017) Each client's situa on is different and results may vary from those presented here CLIENT: NOT-FOR-PROFIT SCHOOL This employer froze its pension plan and wanted to con nue providing excep onal employee benefits, so it simultaneously increased its 401(k) match. Knowing this decision could upset some long-term employees, the plan sponsor turned to H&H for assistance. Get the full story at hhconsultants.com/succeed Put our knowledgeable professionals to work for your business. We offer a full range of comprehensive actuarial, investment advisory and re rement plan consul ng services designed to iden fy, achieve and exceed each client's specific need. RETIREMENT EDUCATION TO FORGE AHEAD Sources: Foundation websites and audited financial statements or annual reports. Note: Total expenses include operational expenses and grant awards. (a) Serves 29 towns, hundreds of nonprofits and more than 750,000 residents. (b) Succeeded Linda J. Kelly upon her retirement in spring 2017. (c) As reported in combined financial statement for The Community Foundation for Greater New Haven and affiliated Valley Community Foundation. (d) As reported in 2017 Year in Review document, including agency funds. (e) Effective Sept. 1, 2018, succeeded Michael Johnston, who stepped down Jan. 31, 2018. (f) Effective November 2017, succeeded Paula Van Ness upon her retirement. (g) Audited financial statements are reported independently and combined as part of The Community Foundation for Greater New Haven's consolidated audited financial statements in accordance with the affiliation agreement between the two foundations. (h) Represents $722,442 in functional expenses and $625,995 in grant awards to nonprofits. —Compiled by Heide Martin.