2022-11-16T10:12:45-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2021-01-01 066032106 THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN COMM 2037772386 70 AUDUBON STREET NEW HAVEN CT 06510 WENDY GAMBA CFO 2037772386 2022-11-15 1 WENDY GAMBA 999009999 MARY KAY CURTISS P01551484 8605614000 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WENDY GAMBA 70 AUDUBON STREET NEW HAVEN CT 06510 283092132 0 X WWW.CFGNH.ORG X 1928 CT 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. 11 11 48 0 395064 0 20517393 56432139 0 0 38153147 45822003 0 0 58670540 102254142 31347368 33864953 0 0 5207683 5563086 0 0 2329283 7881817 9965464 44436868 49393503 14233672 52860639 745279119 835102821 24564951 38021045 720714168 797081776 X THE MISSION OF THE COMMUNITY FOUNDATION IS TO CREATE POSITIVE AND SUSTAINABLE CHANGE IN GREATER NEW HAVEN BY INCREASING THE AMOUNT AND ENHANCING THE IMPACT OF COMMUNITY PHILATHROPY. 0 0 15347039 12877064 CIVIC VITALITY: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE CIVIC VITALITY. 4846433 4458940 ARTS AND CULTURE: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE ARTS AND CULTURE. 7269650 5955611 HEALTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT ENSURE HEALTH AND WELLNESS. 12923822 10573338 EDUCATION: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROVIDE QUALITY EDUCATION. EXPENSES $5,250,303 INCLUDING GRANTS OF $4,020,731. ECONOMIC SUCCESS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE REGIONAL ECONOMIC SUCCESS. EXPENSES $1,211,608 INCLUDING GRANTS OF $1,299,087.YOUTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE HEALTHY YOUTH DEVELOPMENT. EXPENSES $1,615,478 INCLUDING GRANTS OF $1,396357.BASIC NEEDS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE BASIC HUMAN NEEDS. EXPENSES $2,827,086 INCLUDING GRANTS OF $2,379,343.ENVIRONMENT: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE PROTECTION OF THE ENVIRONMENT. EXPENSES $1,211,608 , INCLUDING GRANTS OF $1,435,154.OTHER PROGRAMS: EXPENSES OF $807,739 INCLUDING GRANTS OF $42,666. 12923822 10573338 40386944 1 1 0 1 0 1 0 0 0 0 1 1 0 0 1 0 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 55 0 1 48 1 1 1 1 CJ JE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CT X X X WENDY GAMBA 2037777061 70 AUDUBON STREET NEW HAVEN CT 06510 WILLIAM W GINSBERG PRESIDENT & CEO 40.00 X 438068 0 83104 ANDREW F ALDEN SR. VP FOR INVESTMENTS 40.00 X 352157 0 56274 ANGELA POWERS SR. VP FOR OPERATIONS 37.50 X 311674 0 45560 DOROTHY WESTON-MURPHY SR. VP FOR DEVELOPMENT 37.50 X 232056 0 27915 LEON BAILEY SR. VP ORGANIZATIONAL EFFE 37.50 X 230522 0 27998 CHRISTINA CIOCIOLA SR. VP FOR GRANTMAKING 37.50 X 212808 0 18436 WENDY GAMBA CHIEF FINANCIAL OFFICER 37.50 X 186827 0 34681 NICK NORCOTT JR CHAIR 1.00 X X 0 0 0 MARCELLA NUNEZ-SMITH VICE CHAIR 1.00 X X 0 0 0 KHALILAH L BROWN-DEAN DIRECTOR 1.00 X 0 0 0 MAYSA ABKAR DIRECTOR 1.00 X 0 0 0 ROXANNE COADY DIRECTOR 1.00 X 0 0 0 JOE GORDON DIRECTOR 1.00 X 0 0 0 CARLTON HIGHSMITH DIRECTOR 1.00 X 0 0 0 TERRY JONES DIRECTOR 1.00 X 0 0 0 FERNANDO J MUNIZ DIRECTOR 1.00 X 0 0 0 GREG PEPE DIRECTOR 1.00 X 0 0 0 VALARIE SHULTZ WILSON DIRECTOR 1.00 X 0 0 0 BANK OF AMERICA MERRILL LYNCH TRUSTEE COMMITTEE 1.00 X 0 0 0 KEYBANK NATIONAL ASSOCIATION TRUSTEE COMMITTEE 1.00 X 0 0 0 WELLS FARGO BANK NA TRUSTEE COMMITTEE 1.00 X 0 0 0 1964112 0 293968 8 0 1 0 AMPFIELD HOLDINGS (OFFSHORE) LP 15720 BRIXHAM HILL AVE STE 206 CHARLOTTE NC 28277 INVESTMENT MANAGER 756652 CANYON VALUE REALIZATION FUND 2000 AVE OF THE STARS 11TH FL LOS ANGELES CA 90067 INVESTMENT MANAGER 478126 PERMIAN INVESTMENT PARTNERS 295 MADISON AVE 34TH FL NEW YORK NY 10017 INVESTMENT MANAGER 435149 US TRUST BANK OF AMERICA 99 FOUNDERS PLAZA EAST HARTFORD CT 06108 INVESTMENT MANAGER 389962 CREWCIAL PARTNERS LLC 750 3RD AVE 20TH FLOOR NEW YORK NY 10017 INVESTMENT ADVISOR 278943 19 1712774 54719365 3433372 56432139 11457017 196421 11260596 215202976 180837990 34364986 34364986 198643 34166343 102254142 0 395064 45426939 33744194 33744194 120759 120759 742680 311926 319352 111402 3749301 1574706 1612200 562395 352328 147978 151501 52849 437942 183936 188315 65691 280835 117951 120759 42125 48098 20201 20682 7215 53200 22344 22876 7980 7717144 3241200 3318372 1157572 395172 165972 169924 59276 155476 65300 66855 23321 319224 134074 137266 47884 221 93 95 33 54963 23084 23635 8244 104507 43893 44938 15676 85551 35931 36787 12833 DUES AND FEES 466328 195858 200521 69949 EQUIPMENT RENTAL AND MA 349352 146728 150221 52403 PRINTING AND PUBLICATIO 129614 54438 55734 19442 SUPPLIES 25610 10756 11012 3842 61004 25622 26231 9151 49393503 40386944 6677276 2329283 16393866 18865157 1429397 36698146 27079373 39182280 1327957 1152069 207342 175888 484260002 489168900 211850343 246240218 4043694 4345851 15102 426381 745279119 835102821 1010122 714471 713993 708921 787615 0 22053221 36597653 24564951 38021045 X 719146481 795188372 1567687 1893404 720714168 797081776 745279119 835102821 X 52860639 23181252 325717 X 0 1 X 1 1 1 X 51787386 14672987 32613549 20517393 56432139 176023454 51787386 14672987 32613549 20517393 56432139 176023454 77312010 98711444 9265508 7196517 7825808 8659246 11457017 44404096 220427550 0.44780 0.50570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49393503 49393503 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 340 2314 5010747 50633779 5894052 31658843 63453648 733628128 1 1 1327957 1152069 175888 175888 ALTERNATIVE INVESTMENTS 246240218 F 246240218 SPLIT INTEREST AGREEMENTS 301433 LINE OF CREDIT - MRI 33040655 LINE OF CREDIT 3255565 36597653 1 IRELAND 0 0 GRANT TO ORGANIZATION FROM MARY JANE REYNOLDS FUND. 12814 CANADA 0 0 GRANT TO ORGANIZATION FROM DAVID POWRIE FUND. 107945 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 275318260 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 9020728 0 0 0 0 0 0 284459747 0 284459747 IRELAND GENERAL PURPOSE 12814 WIRE TRANSFER 0 FMV CANADA GENERAL PURPOSE 107945 WIRE TRANSFER 0 FMV 1 0 1 1 1 0 PART I, LINE 2: FUNDS ARE DONOR DESIGNATED AND THERE IS USE OF A GRANT REMITTANCE FORM. PART I, LINE 3: FMV PART III ACCOUNTING METHOD: 1 VARIOUS TAX-EXEMPT ORGANIZATIONS 33744194 0 GENERAL PURPOSES PART I, LINE 2: GRANTS ARE MONITORED USING THE ON-LINE GIVEGREATER PLATFORM VIA ORGANIZATION PROFILES THAT ARE UPDATED ANNUALLY DIRECTLY BY THE ORGANIZATION, FORMAL ANNUAL/FINAL REPORTING QUESTIONS OR GRANT REMITTANCE FORMS. GRANTS ARE ALSO MONITORED THROUGH NARRATIVE REPORTS REQUIRED TO BE SUBMITTED BY THE GRANTEES. X X X X 0 0 0 0 0 0 0 0 0 WILLIAM W GINSBERG PRESIDENT & CEO 438068 0 0 0 0 0 35045 0 48059 0 521172 0 0 0 ANDREW F ALDEN SR. VP FOR INVESTMENTS 352157 0 0 0 0 0 28173 0 28101 0 408431 0 0 0 ANGELA POWERS SR. VP FOR OPERATIONS 311674 0 0 0 0 0 24934 0 20626 0 357234 0 0 0 DOROTHY WESTON-MURPHY SR. VP FOR DEVELOPMENT 232056 0 0 0 0 0 18564 0 9351 0 259971 0 0 0 LEON BAILEY SR. VP ORGANIZATIONAL EFFE 230522 0 0 0 0 0 18442 0 9556 0 258520 0 0 0 CHRISTINA CIOCIOLA SR. VP FOR GRANTMAKING 212808 0 0 0 0 0 17025 0 1411 0 231244 0 0 0 WENDY GAMBA CHIEF FINANCIAL OFFICER 186827 0 0 0 0 0 14946 0 19735 0 221508 0 0 0 X 22 3433372 FMV 0 1 1 PART I, LINE 32B: UTILIZE OUTSIDE INSTITUTIONAL BROKERAGE FIRMS TO ORDERLY LIQUIDATE ANY SECURITIES THAT ARE GIFTED TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL CONSIST OF ELEVEN CITIZENS OF THE UNITED STATES AND RESIDENTS OF THE CITY OF NEW HAVEN, CONNECTICUT, OR VICINITY, SELECTED FOR THEIR KNOWLEDGE OF THE CHARITABLE OR EDUCATIONAL NEEDS OF THE COMMUNITY. IT IS A CARDINAL PRINCIPLE OF THE FOUNDATION THAT IT SHALL BE CONDUCTED IN THE INTERESTS OF THE WHOLE COMMUNITY WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX OR CREED, AND THAT TO THE GREATEST POSSIBLE EXTENT ALL INTERESTS, CLASSES AND CREEDS SHALL BE REPRESENTED ON THE BOARD OF DIRECTORS. NO PERSON HOLDING A SALARIED PUBLIC OFFICE SHALL BE A MEMBER OF SAID BOARD OF DIRECTORS; AND IF ANY MEMBER OF THE BOARD OF DIRECTORS SHALL BE APPOINTED OR ELECTED TO ANY SALARIED PUBLIC OFFICE, SUCH MEMBER SHALL THEREUPON AND WITHOUT ANY ACTION OR PROCEEDINGS WHATSOEVER CEASE TO BE A MEMBER OF THE BOARD OF DIRECTORS. NO EXECUTIVE OFFICER OF A TRUSTEE SHALL BE A MEMBER OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SHALL BE SELECTED, APPOINTED AND CLASSIFIED AS FOLLOWS: CLASS 1 - ONE MEMBER BY THE CHIEF EXECUTIVE OF THE CITY OF NEW HAVEN, CONNECTICUT. CLASS 2 - ONE MEMBER BY THE PRESIDENT OR OTHER CHIEF EXECUTIVE OFFICER OF THE NEW HAVEN CHAMBER OF COMMERCE. CLASS 3 - ONE MEMBER BY THE JUDGE OF THE PROBATE COURT FOR THE DISTRICT OF NEW HAVEN, CONNECTICUT. CLASS 4 - ONE MEMBER BY THE TRUSTEES' COMMITTEE. CLASS 5 - ONE MEMBER BY THE PRESIDENT OR OTHER CHIEF EXECUTIVE OFFICER OF YALE UNIVERSITY. CLASS 6 - ONE MEMBER BY THE PRESIDENT OF THE NEW HAVEN COUNTY BAR ASSOCIATION. CLASS 7 - ONE MEMBER BY THE TRUSTEES' COMMITTEE. CLASS 8 - ONE MEMBER BY THE BOARD OF DIRECTORS BY MAJORITY VOTE OF ALL THE MEMBERS SERVING AT THE TIME OF SUCH APPOINTMENT. CLASS 9 - ONE MEMBER BY THE BOARD OF DIRECTORS BY MAJORITY VOTE OF ALL THE MEMBERS SERVING AT THE TIME OF SUCH APPOINTMENT. CLASS 10 - ONE MEMBER BY THE BOARD OF DIRECTORS BY MAJORITY VOTE OF ALL THE MEMBERS SERVING AT THE TIME OF SUCH APPOINTMENT. CLASS 11 - ONE MEMBER BY THE BOARD OF DIRECTORS BY MAJORITY VOTE OF ALL THE MEMBERS SERVING AT THE TIME OF SUCH APPOINTMENT. ALL APPOINTMENTS OF MEMBERS OF THE BOARD OF DIRECTORS SHALL BE MADE AT LEAST THIRTY DAYS BEFORE AND NOT MORE THAN NINETY DAYS BEFORE THE EXPIRATION OF THE TERM OF OFFICE OF THE PARTICULAR MEMBER OF THE COMMITTEE WHOSE POSITION SUCH APPOINTMENT IS DESIGNED TO FILL. FORM 990, PART VI, SECTION A, LINE 7B TRUSTEE BANKS PROVIDE GOVERNANCE DECISIONS RELATIVE TO THE SPENDING POLICY CALCULATION FOR THE FUNDS HELD AT EACH RESPECTIVE BANK. FORM 990, PART VI, SECTION B, LINE 11B THE 990 AND AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE AUDIT COMMITTEE AND BOARD OF DIRECTORS BEFORE RELEASE AND SUBMISSION TO THE SERVICE AND THE GENERAL PUBLIC. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF AND BOARD MEMBERS MUST SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY TO UPDATE ANY EXISTING AFFILIATIONS. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION ANALYSIS WAS PERFORMED BY AN OUTSIDE CONSULTING FIRM. THE ANALYSIS WAS ADOPTED BY THE FINANCE COMMITTEE OF THE BOARD. THE FOUNDATION'S STRUCTURED SUPERVISORY PROGRAM IS CENTERED ON SUPERVISORY MEETINGS, WHICH ARE HELD WITH EACH STAFF MEMBER AND HIS/HER SUPERVISOR ON A REGULAR BASIS. ALL MANAGERS ARE EXPECTED TO SET GOALS WITH, EVALUATE, AND PROVIDE FEEDBACK TO THEIR EMPLOYEES DURING THE COURSE OF THESE MEETINGS. NEAR THE BEGINNING OF THE YEAR, EMPLOYEES SUBMIT A SELF-ASSESSMENT OF THEIR PERFORMANCE FOR THE PRIOR YEAR. MANAGERS THEN DO THEIR OWN PERFORMANCE REVIEW OF THE EMPLOYEE USING INPUT FROM THE PRIOR YEAR'S MEETINGS AS WELL AS THE EMPLOYEE'S SELF-ASSESSMENT; THEY THEN MEET WITH THEIR REPORTS TO DISCUSS THE ANNUAL PERFORMANCE REVIEW. AFTER THIS, THE SENIOR MANAGEMENT TEAM MEETS TO DISCUSS THE PERFORMANCE REVIEWS OF ALL MEMBERS OF THEIR DEPARTMENTS' THE RATINGS OF THE EMPLOYEES' PERFORMANCE FROM THE PERFORMANCE REVIEWS AND INPUT FROM THE SENIOR LEADERSHIP TEAM ARE USED IN DETERMINING MERIT INCREASES TO EMPLOYEES' SALARIES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE OR UPON REQUEST. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 325,717. THE COMMUNITY FOUNDATION MISSION INVESTMENTS COMPANY LLC TO CARRY-OUT THE MISSION INVESTMENT ACTIVITIES OF THE COMMUNITY FOUNDATION CT 8072553 127847296 THE VALLEY COMMUNITY FOUNDATION INC 253-A ELIZABETH STREET DERBY CT 06418 841637102 CONNECTS PRIVATE PHILANTHROPY TO THE LONG-TERM PUBLIC GOOD CT 501(C)(3) LINE 7 0 CHARITABLE REMAINDER TRUSTS (3) SPLIT INTEREST AGREEMENTS CT N/A T 0 POOLED INCOME FUNDS (7) SPLIT INTEREST AGREEMENTS CT N/A T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE VALLEY COMMUNITY FOUNDATION INC B 1170855 FMV