Community Foundation

THE COMMUNITY FOUNDATION OF EASTERN CONNECTICUT INC

Based in NEW LONDON, CT, THE COMMUNITY FOUNDATION OF EASTERN CONNECTICUT INC operates as a Community Foundation. The organization reported $13.1M in revenue, $10.4M in expenses, $127.4M in total assets for fiscal year 2024. Imperigo tracks 50 reported grant relationships connected to this organization totaling approximately $1.7M.

EIN: 061080097 NEW LONDON, CT Community Foundations NTEE: T31 Latest filing: 2024
Total Revenue$13.1M
Total Expenses$10.4M
Total Assets$127.4M
Grant Records50
Funding Total$1.7M
Filing Years2019–2024

Mission

COLLABORATING WITH PARTNERS TO PUT PHILANTHROPY INTO ACTION TO ADDRESS THE NEEDS, RIGHTS AND INTERESTS OF OUR COMMUNITY IN EASTERN CONNECTICUT.

Where $100 goes at The Community Foundation of Eastern Connecticut Inc

How The Community Foundation of Eastern Connecticut Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$88 Programs the work itself
$8 Management running the organization
$4 Fundraising raising the next dollar

Inside the $88 for programs

$73
General grants:provide support to various 501c(3) organizations in our forty-two town service area
83% of program spending
$11
Scholarship awards:tuition assistance for students who are just entering college and those who are already enrolled
13% of program spending
$4
Women & girlsone of the foundation's long standing initiatives is its women & girls fund
4% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TRUSTEE Barbara Sahagan
SECRETARY Carol Williams
TRUSTEE Catherine Marrion
TRUSTEE Izaskun Larraneta
CFO UNTIL 05/15/24 Janet Grant
PROGRAM DIRECTOR Jennifer O'brien

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,331,512 36 grants
Human & Social Services
$182,709 3 grants
Education
$135,855 4 grants
Housing & Homelessness
$40,000 1 grant
Arts & Culture
$28,778 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $13.1M $10.4M $127.4M
2023 $17.3M $9.9M $121.8M
2022 $10.4M $8.8M $106.5M
2020 $12.2M $10.6M $114.1M
2019 $8.2M $7.5M $99.8M

Between 2019 and 2024, reported annual revenue grew from $8.2M to $13.1M (+60%), with total assets most recently reported at $127.4M.

Interactive year-over-year charts and full filing details available with membership.

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