Hartford Business Journal

4 Hartford Business Journal • August 8, 2016 www.HartfordBusiness.com w w w. H a r t f o r d B u s i n e s s . c o m (860) 236-9998 E D I T O R I A L Greg Bordonaro Editor, ext. 139 gbordonaro@HartfordBusiness.com Gregory Seay News Editor, ext. 144 gseay@HartfordBusiness.com Matt Pilon News Editor, ext. 143 mpilon@HartfordBusiness.com John Stearns Staff Writer, ext. 145 jstearns@HartfordBusiness.com Patricia Daddona Web Editor, ext. 127 pdaddona@HartfordBusiness.com Stephanie Meagher Research Director Heide Martin Research Assistant B U S I N E S S Joe Zwiebel President and Publisher, ext. 132 jzwiebel@HartfordBusiness.com Donna Collins Associate Publisher, ext. 121 dcollins@HartfordBusiness.com Jessica Baker Office Manager, ext. 122 jbaker@HartfordBusiness.com Amy Orsini Events Manager, ext. 134 aorsini@HartfordBusiness.com Kaleigh Hickey Events Coordinator, ext. 137 khickey@hartfordbusiness.com Christian J. Renstrom Advertising Director, ext. 126 crenstrom@HartfordBusiness.com David Hartley Sr. Accounts Manager, ext. 130 dhartley@HartfordBusiness.com William C. Lambot Sr. Accounts Manager, ext. 128 wlambot@HartfordBusiness.com John Vuillemot Sr. Accounts Manager, ext. 133 jvuillemot@hartfordbusiness.com Marisa Wright Sr. Accounts Manager, ext. 124 mwright@hartfordbusiness.com Anabela Maia Account Manager, ext. 131 amaia@HartfordBusiness.com Raki Zwiebel Credit and Collections Manager Valerie Clark Accounting Assistant/Office Manager Kim Vautour HR Director Gail Lebert Chair, Executive Advisory Board P R O D U C T I O N Lynn Mika Production Director/Marketing Coordinator, ext. 140 lmika@HartfordBusiness.com Christopher Wallace Art Director, ext. 147 cwallace@HartfordBusiness.com William DeVito Digital Ad Manager/Graphic Designer, graphics@HartfordBusiness.com Peter Stanton CEO pstanton@nebusinessmedia.com Joseph Zwiebel President & Group Publisher, ext. 132 jzwiebel@HartfordBusiness.com Mary Rogers COO/CFO mrogers@nebusinessmedia.com Subscriptions: Annual subscriptions are $84.95. To subscribe, visit HartfordBusiness.com, email hartfordbusiness@ cambeywest.com, or call (845) 267-3008. Advertising: For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 15 Lewis Street, Suite 200, Hart ford CT 06103. News Department: If you have a news item: Call us at (860) 236-9998, fax us at (860) 570-2493, or e-mail us at news@HartfordBusiness.com Hartford Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Hartford Business Journal (ISSN 1083-5245) is published weekly, 52 x per year — including two special issues in December — by New England Business Media LLC, 15 Lewis Street, Suite 200, Hartford CT 06103. Periodicals postage paid at Hartford, CT. Tel: (860) 236-9998 • Fax (860) 570-2493 Copyright 2016. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O. Box 330, Congers, NY 10920-9894 www.copyright.com Untaxed Property to 50. In 2013, the city sold its 1,500-space downtown Morgan Street garage to the state for $23.3 million, relieving the city of annual losses of $600,000 on its operation. Last year, the city sold its 1,300-space Church Street garage for $14 million — the pur- chase funded with state bond money — to the Capital Region Development Authority, largely to generate revenue to plug a budget hole. Hartford Guides operator and publisher Michael McGarry, a former city councilman, says there are several city properties worth exploring for sale or co-development potential. The biggest is the city's 30-acre Depart- ment of Public Works depot in the shadow of the Pride truck-stop site, half of which "is a big parking lot," McGarry says of the DPW acreage. Next door is the former police headquarters, mostly vacated two years ago when the city's new public safety building, housing police and fire brass, opened on High Street downtown. "There's no way that that land that is worth as much as $500,000 an acre should be a parking lot for public works employees,'' McGarry said. McGarry's solution, he said, would be to assign a city staffer to contact nearly every freight consolidator or forwarder, or logistics company in the U.S. and pitch them as to the availability of a portion of the DPW acreage for development. The proximity to Pride's truck stop, plus convenient access to I-91 — a key connector to I-84 and other vital transportation arteries Hartford 2015 Grand List* Grossed Assessed Tax-Exempt Taxable % Real Estate Real Estate Real Estate Tax Exempt $6,458,741,955.00 $3,805,265,634.00 $2,653,252,572.00 58.9% * T H E S E N U M B E R S R E P R E S E N T T H E G R O S S A S S E S S E D V A L U E O F A L L R E A L E S T A T E I N H A R T F O R D A N D D O N ' T I N C L U D E T H E V A L U E O F B U S I N E S S P E R S O N A L P R O P E R T Y O R M O T O R V E H I C L E S . S O U R C E : C I T Y O F H A R T F O R D A S S E S S O R ' S O F F I C E Continued on page 13 ISSUE DATE: in print and digital November 22, 2016 Your nonprofit organization seen by 31,000+ business readers. Hartford Business Journal is pleased to bring you the 2016 edition of the Giving Guide: Business Gives Back. This informative guide highlights nonprofit organizations — including the Arts & Humanities, Health & Human Services, Education, Foundations and Fundraising — that have a presence in the 61-Town Central Connecticut (Greater Hartford) region that are making a difference in our community. Nonprofits play a huge role in the region and this guide will showcase their missions, progress, governance and many initiatives. A publication of For more information, call Donna Collins, Associate Publisher: 860.236.9998 ext. 121 or email dcollins@HartfordBusiness.com 2015 cover shown SPACE RESERVATION DEADLINE: September 12, 2016 Be in the 2016 Business Gives Back Visit HartfordBusiness.com for more information and to view the 2015 digital edition. G I V I N G G U I D E 2015 www.HartfordBusiness.com December 15, 2015 • Hartford Business Journal 29 The Hartford Foundation for Public Giving provides financial and other support to enable individuals and institutions to serve the community. The Foundation promotes informed charitable giving and participates actively in efforts to identify key community needs and opportunities, as well as the means to address them. GOALS The Hartford Foundation for Public Giving is a catalyst for the Greater Hartford community. We unite often divergent groups for a greater goal: to enable all within the 29-town region we serve to thrive. We think big, take appropriate risks and invest for the long term, aiming for systemic solutions that ensure that everyone, and in particular our children, are given every opportunity to succeed. • As a philanthropic leader in Greater Hartford, we bring individuals and organizations together, coalesce their efforts, and spur them to action through grantmaking, professional training and innovation. • As a community collaborator and catalyst, we walk the walk, modeling equity and diversity, and setting high standards for inclusion. • As a responsive participant in the community, we ardently support new ideas and new ways of working to address the most pressing needs in the communities we serve. • As an earnest supporter of education to build an informed and self-sustaining society, we embrace learning in all its forms and for all who seek it. GIVING OPPORTUNITIES Anyone can create a fund or contribute to an existing fund that best suits that person's circumstances, goals for giving, and desire for involvement. Unrestricted funds allow donors to authorize the Hartford Foundation to use the fund's income for grants wherever the greatest needs arise. Donor-advised funds allow donors to consult with the Foundation's experienced program staff for guidance on effective grants in their areas of interest and to recommend specific grants. A donor may also create a fund to support a favorite organization, cause, community and/or population. Visit www.hfpg.org for comprehensive information on how you can make a difference. VOLUNTEER OPPORTUNITIES Volunteers from the public and business communities serve on various advisory committees, providing guidance to the Foundation on issues related to charitable giving, scholarships, and finance and investment. ABOUT US Year established: 1925 Annual revenues: $934,212,141 (most recent fiscal year) Total number of employees: 59 GEOGRAPHIC SERVICE AREA(S) Andover, Avon, Bloomfield, Bolton, Canton, East Granby, East Hartford, East Windsor, Ellington, Enfield, Farmington, Glastonbury, Granby, Hartford, Hebron, Manchester, Marlborough, Newington, Rocky Hill, Simsbury, Somers, South Windsor, Suffield, Tolland, Vernon, West Hartford, Wethersfield, Windsor, Windsor Locks TOP FUNDING SOURCES The vast majority of contributions to the Hartford Foundation come from individuals, families and organizations. Donors can create a fund, give to an established fund or join one of two giving circles. Currently, there are 1,063 named funds at the Foundation. Vice Chair Bonnie J. Malley The Phoenix Companies, Inc. Treasurer Robert B. Goldfarb HRW Resources, Inc. Nancy P. Bernstein Women's Health Connecticut David M. Borden Connecticut Supreme Court (retired) Rodney O. Powell Eversource Foundation, Inc. JoAnn H. Price Fairview Capital Partners, Inc. Theodore S. Sergi The Connecticut Science Center (retired) Andrew R. Worthington Long River Advisors President Linda J. Kelly Chair Yvette Meléndez Hartford Healthcare and Hartford Hospital Hartford Foundation for Public Giving 10 Columbus Blvd, 8th Floor, Hartford, CT 06106 | 860-548-1888 hfpg.org OUR MISSION: Putting philanthropy into action to create lasting solutions that result in vibrant communities within the Greater Hartford region. BOARD OF DIRECTORS " " T he Hartford Foundation guided me through the process of establishing a fund and thinking through the most effective way to structure it. – Michael Decicco , Farmington, CT, Founder of the Joy V. Decicco College Scholarship Fund at Hartford Foundation for Public Giving G I V I N G G U I D E 2015 www.HartfordBusiness.com December 15, 2015 • Hartford Business Journal 29 28 Hartford Business Journal • December 15, 2015 www.HartfordBusiness.com I am a philanthropist. The South Asian Bar Association Endowed Fund is just one of the many scholarships, programs and funds created by the Hartford Foundation for Public Giving to bring those who need, and those who give, together for good. Help us celebrate 90 years of making a difference in the Hartford region by finding out how you can become a philanthropist too at hfpg.org. I support a scholarship fund that serves my community and honors my culture. HFPG_0114_AshaAd_HBJ_10x13_875_Issue1124.indd 1 10/15/15 1:45 PM Sample profile spread shown.

• Cover