2024 BY THE NUMBERS
$1.2 billion
$34.6 million
27 new funds
$ 54.8 million in grants
In 2024, the Hartford Foundation awarded more than $1.4 M in scholarships to nearly 400 students attending two and four year colleges and graduate programs.
2024 BY THE NUMBERS
$1.2 billion
$34.6 million
27 new funds
$ 54.8 million in grants
In 2024, the Hartford Foundation awarded more than $1.4 M in scholarships to nearly 400 students attending two and four year colleges and graduate programs.
GRANTMAKING AND ENDOWMENT 2024
The Hartford Foundation continued its impact in 2024, awarding $54.8 million to nonprofit organizations aligned with our strategic priorities and donor recommendations. Among almost 3,000 grants are dozens of organizations that had not previously received funding from the Foundation.
Grants by Outcome Area
TOTAL GRANTS*: $54,777,653 | INDIVIDUAL GRANTS: 2,440
* Does not include grants from agency endowments.
** Many of our donor-directed funds are aligned with the Foundation’s strategic framework.
Endowment by Fund Type
as of December 31, 2024
Our carefully managed endowment guarantees the endurance of our resources and the progress it supports. We balance risk and return, growth and spending so we can protect tomorrow’s assets while addressing today’s needs.
Summary of Finances
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Investments | 1,185,128,857 | 1,124,545,521 |
| Other Assets | 15,868,877 | 14,424,810 |
| Total Assets | 1,200,997,734 | 1,138,970,331 |
| LIABILITIES AND NET ASSETS | ||
| Grants and Other Payables | 19,728,577 | 20,415,755 |
| Other Liabilities | 11,419,014 | 12,187,832 |
| Net Assets | 1,169,850,143 | 1,106,366,744 |
| Total Liabilities and Net Assets | 1,200,997,734 | 1,138,970,331 |
| REVENUES | ||
| Contributions | 34,567,058 | 22,387,381 |
| Other Revenue / (Loss) | 739,824 | 1,011,795 |
| Total Revenues | 35,306,882 | 23,399,176 |
| GRANTS AND EXPENSES | ||
| Grants* | 54,777,653 | 49,867,965 |
| Program support and Foundation- administered Projects |
2,327,815 | 2,431,634 |
| Operating Expenses | 10,563,999 | 9,479,049 |
| Total Grants and Expenses | 67,669,467 | 61,778,648 |
| TOTAL INVESTMENT RETURN | 95,845,984 | 127,005,825 |
| TOTAL ASSETS | ||
| Beginning of the Year | 1,138,970,331 | 1,057,794,919 |
| End of Year | 1,200,997,734 | 1,138,970,331 |
For a complete copy of the audited report of the Hartford Foundation’s finances for 2024, visit our website at hfpg.org/audit or contact the Finance department at 860-548-1888. To view a copy of our tax return (IRS Form 990), visit Candid.org (formerly Guide Star) or contact the Foundation.
