February 28, 2019

Hartford Foundation gifted a record amount in '18

HBJ FILE PHOTO
HBJ FILE PHOTO
Hartford Foundation President Jay Williams.
Image | The Hartford Foundation for Public Giving
The percentage breakdown of contributions made by The Hartford Foundation for Public Giving in 2018.

Philanthropic giving at The Hartford Foundation for Public Giving peaked in 2018 in terms of the amount of grants awarded to the region's nonprofit and educational institutions.

The foundation, which supports Hartford and 28 nearby communities, on Wednesday said it gifted $38.2 million last year through 2,708 individual grants, its highest mark since the organization debuted in 1925.

"The historic amount of resources we have been able to provide to hardworking and dedicated nonprofit organizations is a testament to our donors' level of commitment to the region and the work the Hartford Foundation supports," said Hartford Foundation President Jay Williams.

In 2018, the Hartford Foundation made the most contributions to education (33 percent), followed by family and social services (25 percent), community and economic development (13 percent), arts and culture (11 percent). Remaining dollars were spent on general contributions (10 percent) and health (8 percent).

Notable contributions in 2018 include $805,300 awarded to support 34 camps, tutorials and summer training programs to enhance learning and youth development. The foundation also awarded a three-year, $313,000 grant to support the Building for Health Project, a program focused on providing housing improvements through Hartford nonprofit The Local Initiatives Support Corp. (LISC).

In September, the foundation rolled out a new investment arm that will include investments in companies, organizations and funds to expand affordable housing and economic opportunity in the region. It invested $4 million into the subsidiary known as HFPG Impact LLC.

The organization also committed $1.7 million to fund upgrades to Hartford's Dillon Stadium and historic Colt Park.

On Tuesday, the foundation announced its contributing $300,000 to launch a new program in May dedicated to growing small businesses in economically distressed areas it covers. Training for the program will be based at Hartford nonprofit Chrysalis Center, 255 Homestead Ave.

According to the latest unaudited figures, the organization last year received gifts of $13.1 million and opened 22 new funds. It ended 2018 with $933 million in 1,230 funds.

Since 1925, the organization has contributed more than $758 million in grants.

The latest data from the Connecticut Council for Philanthropy said charitable giving in the state jumped 11 percent to a record $5 billion in 2015, although the number of contributions fell.

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