Funding History
| Fiscal Year | CAEF Investment Earnings | Number of Grant Recipients |
| 2024 | $889,370 | |
| 2023 |
$864,233 | 165 |
| 2022 |
$861,472 |
171 |
| 2021 |
$802,813 |
182 |
| 2020 | $803,442 | 147 |
| 2019 | $787,662 | 167 |
| 2018 | $773,539 | 133 |
| 2017 | $397,354 | 114 |
| 2016 | $385,301 | 130 |
| 2015 | $446,607 | 117 |
| 2014 | $500,064 | 110 |
| 2013 | $620,700 | 107 |
| 2012 | $670,530 | 101 |
| 2011 | $767,183 | 102 |
| 2010 | $852,200 | 95 |
Endowment grant amounts are calculated solely on a formula that is set by Connecticut State Statutes. The formula is:
- Year 1 "Prior Fiscal Year":For the portion of donor contributions which is equal to $15,000 or more but does not exceed the total donor contributions for the prior fiscal year, there shall be a match of 25% of such amount, capped at $250,000.
- Year 2 "Most Recent Fiscal Year": For the portion of the total donor contributions that exceeds the total donor contributions for the prior fiscal year, there shall be a match of 100%, capped at $1 million.
Since its inception, the total amount of grants to be paid exceeded the Endowment Fund's investment earnings, therefore, grants were reduced on a pro rata basis. For FY22, we would need $21+ million in investment earnings to fully fund applicants per the formula, however, we only had $861,472. Therefore, all grants were reduced.