GREATER HARTFORD COMMUNITY FOUNDATION INC

HARTFORD, CT, 06103-0000 (860) 502-6800 Est. 2005 EIN 42-1684133
T30— Philanthropy & Grantmaking Form 990 501(c)(3)
www.travelerschampionship.com

Mission

THE FOUNDATION'S MISSION IS TO BE A WORLD-CLASS PGA TOUR EVENT THAT MAXIMIZES GIVING TO CHARITY WHILE BENEFITING THE COMMUNITY. THE FOUNDATION'S PRIMARY FUNDRAISING ACTIVITY IS THE TRAVELERS CHAMPIONSHIP, CONNECTICUT'S ANNUAL PGA TOUR GOLF TOURNAMENT. THE NET PROCEEDS REALIZED BY THE TOURNAMENT AND OTHER SUCH ACTIVITIES AND EVENTS ARE FOR THE BENEFIT OF THE CITIZENS, SOCIAL WELFARE ORGANIZATIONS AND OTHER INSTITUTIONS OF THE COMMUNITY.

Giving Portfolio

Total Grants
70
Total Giving
$6.0M
Recipients
70
Years Active
2017 - 2023
Avg grant: $86,642 Median: $32,482

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20238$826K $103K08
20227$739K $106K07
20217$661K $94K16
20206$532K $89K15
201911$635K $58K38
20188$553K $69K35
201723$2.0M $88K230

Sectors Funded

Youth Development
14
Recreation & Sports
11
Health Care
10
Public & Societal Benefit
7
Philanthropy & Grantmaking
4
Education
2
Human Services
2
Arts, Culture & Humanities
1
and 3 more sectors

Top States

Connecticut
38
Florida
9
Missouri
7
Pennsylvania
3
Maryland
2
Virginia
1
Alabama
1
New York
1
and 2 more states

Grantee Size Profile

$1M - $5M
28
$10M - $50M
15
Over $50M
10
Under $100K
3
$100K - $500K
1
$5M - $10M
1

Top Grantees

Page 1 of 3
$1.3M
BIRDIES FOR CHARITY - VARIOUS
- 6 grants
$1.2M
BIRDIES FOR CHARITY RECEIPENTS
CT
$752K
$279K
MO - 7 grants
$150K

Grants Awarded · 68 grants

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Financials

Total Revenue
$40,739,811
Total Expenses
$40,637,611
Net Assets
$2,425,410
15 employees 1,825 volunteers
From latest filing (tax period ending 2024-08-31)

Financial Health

Operating Reserve
0.7 months Low
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 6.7%
Expenses ↑ 8.1%
Revenue Sources
Contributions 29.9% Earned revenue 69.2% Investment 0.4% Other 1.0%
Expense Breakdown
Program 98.7% Management 0.9% Fundraising 0.4%

Officers & Trustees (29)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2023 Form 990
Sep 1, 2023 to Aug 31, 2024
$40,739,811 $40,637,611$2,425,410
2022 Form 990
Sep 1, 2022 to Aug 31, 2023
$38,193,122 $37,575,628$2,323,210
2021 Form 990
Sep 1, 2021 to Aug 31, 2022
$22,150,705 $21,161,184$1,705,716
2020 Form 990
Sep 1, 2020 to Aug 31, 2021
$16,552,119 $16,178,508$716,195
2019 Form 990
Sep 1, 2019 to Aug 31, 2020
$12,337,129 $13,034,709$342,584
2018 Form 990
Sep 1, 2018 to Aug 31, 2019
$19,831,812 $20,261,851$1,040,164
2017 Form 990
Sep 1, 2017 to Aug 31, 2018
$2,152,663 $2,038,241$1,470,204

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EIN: 42-1684133 · Source: IRS Form 990 e-file data