2017-05-11T11:44:57-05:00 2016-12-31 061009205 BLUM SHAPIRO & CO PC 29 SOUTH MAIN STREET WEST HARTFORD CT 061272000 990 2016-01-01 066032106 THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN COMM 2037772386 70 AUDUBON STREET NEW HAVEN CT 06510 ANDREW F ALDEN SR. VICE PRESIDENT AND CFO 2037772386 2017-05-10 1 MARY KAY CURTISS P01551484 8605614000 2017-05-10 50.200.120.74 2017-05-10 13:22:50 ED P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 374216FDD831293B6C7B59160EDE16C6FC5C8498 2016 2021-01-29 14:40:06Z ANDREW F ALDEN 70 AUDUBON STREET NEW HAVEN CT 06510 224601561 0 X WWW.CFGNH.ORG X 1928 CT SEE SCHEDULE OTHE 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 49 352 0 0 65686949 19970268 0 0 79406617 24737388 0 0 145093566 44707656 29163042 27762527 0 0 3529545 3844996 0 0 1379484 4755983 4269602 37448570 35877125 107644996 8830531 482430411 487352421 3056082 2426424 479374329 484925997 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 6747602 6089094 EDUCATION: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROVIDE QUALITY EDUCATION. 7275517 6565487 HEALTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT ENSURE HEALTH AND WELLNESS. 5516877 4978476 CIVIC VITALITY: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE CIVIC VITALITY. 11224930 10129470 ARTS AND CULTURE: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE ARTS AND CULTURE. EXPENSES $4,506,179 INCLUDING GRANTS OF $4,066,413ECONOMIC SUCCESS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE REGIONAL ECONOMIC SUCCESS. EXPENSES $3,089,443 INCLUDING GRANTS OF $2,787,939YOUTH: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE HEALTHY YOUTH DEVELOPMENT. EXPENSES $1,531,390 INCLUDING GRANTS OF $1,381,939BASIC NEEDS: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE BASIC HUMAN NEEDS. EXPENSES $1,136,143 INCLUDING GRANTS OF $1,025,265ENVIRONMENT: GRANTS THAT SUPPORT PROGRAMS AND SERVICES THAT PROMOTE PROTECTION OF THE ENVIRONMENT. EXPENSES $961,775, INCLUDING GRANTS OF $867,914 11224930 10129470 30764926 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 0 1 0 0 0 1 55 0 1 49 1 0 1 CJ JE 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 ANDREW F ALDEN 2037777061 70 AUDUBON STREET NEW HAVEN CT 06510 WILLIAM COLWELL ESQ CHAIR/DIRECTOR 1.00 X X 0 0 0 KICA MATOS VICE CHAIR/DIRECTOR 1.00 X X 0 0 0 NICK NORCOTT JR DIRECTOR 1.00 X 0 0 0 CHARLES LONG DIRECTOR 1.00 X 0 0 0 CARLTON HIGHSMITH DIRECTOR 1.00 X 0 0 0 EMILY BYRNE DIRECTOR 1.00 X 0 0 0 ROXANNE COADY DIRECTOR 1.00 X 0 0 0 JAMES RYAN DIRECTOR 1.00 X 0 0 0 ALICIA CARABALLO DIRECTOR 1.00 X 0 0 0 KHALILAH L BROWN-DEAN DIRECTOR 1.00 X 0 0 0 KELLYANN DAY DIRECTOR 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 BANK OF AMERICA MERRILL LYNCH TRUSTEE COMMITTEE 1.00 X 0 0 0 WILLIAM W GINSBERG PRESIDENT & CEO 40.00 X 277189 0 52651 ANDREW F ALDEN SR. VP FOR INVESTMENTS & CFO 40.00 X 268875 0 48539 ANGELA POWERS SR. VP FOR DEVELOPMENT 37.50 X 193070 0 38417 LEON BAILEY SR. VP ORGANIZATIONAL EFFE 37.50 X 161258 0 26382 CHRISTINA CIOCIOLA SR. VP FOR GRANTMAKING 37.50 X 157654 0 14345 DOROTHY WESTON-MURPHY VP DONOR/PROFESSIONAL SVCS 37.50 X 127360 0 20639 SARAH FABISH VP FOR GRANTMAKING AND SCHOLARSHIPS 37.50 X 120254 0 11295 1305660 0 212268 7 0 1 0 WELLS FARGO 10 STATE HOUSE SQUARE 2ND FLOOR HARTFORD CT 06103 INVESTMENT MANAGER/TRUSTEE 396773 ADAGE CAPITAL PARTNERS LP 200 CLARENDON STREET 52ND FLOOR BOSTON MA 02116 INVESTMENT MANAGER 267306 US TRUST BANK OF AMERICA 99 FOUNDERS PLAZA EAST HARTFORD CT 06108 INVESTMENT MANAGER/TRUSTEE 263122 ACACIA CONSERVATION FUND (OFFSHORE) 9 WEST 57TH STREETSUITE 5000 NEW YORK NY 10022 INVESTMENT MANAGER 237806 COLONIAL CONSULTING LLC 750 3RD AVE 20TH FLOOR NEW YORK NY 10017 ADVISORY SERVICES 222764 13 1525393 18444875 884158 19970268 8231345 8231345 196399948 179893905 16506043 16506043 16506043 44707656 0 0 24737388 27751064 27751064 11463 11463 647254 239484 297737 110033 2471549 914473 1136913 420163 194899 72112 89654 33133 343952 127262 158218 58472 187342 69317 86177 31848 39886 14757 18348 6781 36689 13575 16877 6237 2791599 1032892 1284135 474572 95098 35186 43745 16167 68458 25329 31491 11638 158463 58631 72893 26939 5057 1871 2326 860 223889 82839 102989 38061 90716 33565 41729 15422 71349 26399 32821 12129 EQUIPMENT RENTAL AND MA 215646 79789 99197 36660 PRINTING AND PUBLICATIO 161287 59676 74192 27419 GENERAL 140164 51861 64475 23828 MARKETING AND ADVERTISI 91217 33750 41960 15507 80084 29631 36838 13615 35877125 30764926 3732715 1379484 4282732 1424124 6048701 1348825 261000 2474000 1096618 725561 363292 371057 329145161 337593456 138725767 141328583 3453361 2801250 150397 11126 482430411 487352421 317296 462288 2342888 1578979 395898 385157 3056082 2426424 X 478231838 483710470 1142491 1215527 479374329 484925997 482430411 487352421 X 8830531 -3301899 23036 X X 0 1 X 1 1 1 X 18810009 22532825 24020556 65686949 19970268 151020607 18810009 22532825 24020556 65686949 19970268 151020607 4940785 146079822 10688508 20024639 15657784 12957290 8231345 67559566 218580173 0.66830 0.62980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35877125 35877125 1000000 250000 0 0 1000000 1000000 1500000 250000 250000 375000 283 1429 4310666 15659603 3508839 25984463 43687220 441238776 1 1 1096618 725561 371057 371057 ALTERNATIVE INVESTMENTS 141328583 F 141328583 SPLIT INTEREST AGREEMENTS 385157 385157 1 IRELAND 0 0 GRANT TO ORGANIZATION FROM MARY JANE REYNOLDS FUND. 10963 CANADA 0 0 MCGILL UNIVERSITY-SCHOLARSHIP AWARD 500 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 163328757 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 456535 0 0 0 0 0 0 163796755 0 163796755 IRELAND GENERAL PURPOSE 10963 WIRE TRANSFER FMV 1 0 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 1 VARIOUS TAX-EXEMPT ORGANIZATIONS 27751064 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 X 0 0 0 0 0 0 0 0 0 WILLIAM W GINSBERG PRESIDENT & CEO 277189 0 0 0 0 0 22175 0 30476 0 329840 0 0 0 ANDREW F ALDEN SR. VP FOR INVESTMENTS & CFO 268875 0 0 0 0 0 21510 0 27029 0 317414 0 0 0 ANGELA POWERS SR. VP FOR DEVELOPMENT 193070 0 0 0 0 0 15446 0 22971 0 231487 0 0 0 LEON BAILEY SR. VP ORGANIZATIONAL EFFE 161258 0 0 0 0 0 12901 0 13481 0 187640 0 0 0 CHRISTINA CIOCIOLA SR. VP FOR GRANTMAKING 157654 0 0 0 0 0 12612 0 1733 0 171999 0 0 0 X 13 884157 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 DUET PERFORMANCE SYSTEM IS A PERFORMANCE-BASED SYSTEM CREATED BY AN OUTSIDE CONSULTING COMPANY THAT PROVIDES INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE INDICATORS FOR ALL STAFF. THE CEO PERFORMANCE IS REVIEWED BY THE BOARD OF DIRECTORS. 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 23,036. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED IN THE CURRENT YEAR. 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 1109220