Billion-Dollar Hartford Foundation Had Generous 2022

HARTFORD, CT — A billion-dollar, Hartford-based regional foundation announced a very generous 2022 this week, with the organization doling funds at a record-breaking rate to area nonprofits to do good in the community.

The Hartford Foundation for Public Giving, a community foundation for 29 cities and towns in greater Hartford, awarded $54.5 million in grants to the region’s nonprofit agencies in 2022, it reported this week.

According to foundation officials, this is the largest total in its nearly 100-year history, surpassing the $52.7 million in grants made during the peak of the COVID-19 public health and economic crises in 2020.

Since its founding in 1925, the foundation — based at 10 Columbus Blvd., eighth floor, Hartford — has awarded more than $948 million in grants, officials said.

“While our region continues the transition from recovery to resilience, the foundation has continued along the path to dismantling systemic racism and ensuring that all our residents have equitable access to opportunity,” said Hartford Foundation President and Chief Executive Officer Jay Williams.

“We continue to listen to residents and create more opportunities for nonprofits in our community to lead this work. None of this would be possible without the unwavering support our board of directors, donors and stakeholders who have joined us in making progress toward our goals.”

According to the latest, unaudited numbers, the foundation ended 2022 with total assets of $1 billion.

Individuals, families and a variety of organizations opened a total of 41 new funds, and the foundation received gifts totaling $40.8 million, the largest amount raised in more than two decades.

“At a time when the financial markets have declined and inflation has reduced people’s spending power, we are humbled by the incredible generosity of our donors,” said Hartford Foundation Vice President for Development Deborah Rothstein.

“People in our community have recognized that many nonprofits and residents are still struggling with the aftermath of COVID and are contributing more to ensure that everyone has the opportunity to thrive.”

For the complete announcement about foundation funds, click on this link.

For more information on the Hartford Foundation for Public Giving, click on this link.