HARTFORD, CT --A federal tax law reducing the incentive for charitable giving and Connecticut’s continual budget woes are putting a squeeze on the state’s nonprofits, according to experts in the field. The Connecticut Council for Philanthropy and the Connecticut Community Nonprofit Alliance surveyed the state’s nonprofits earlier this year and found 43 percent received or expected to receive fewer donations in 2019 as a result of federal tax law changes, according to data published in May. Individual charitable giving nationwide increased 6 percent from 2015 to 2016, but it decreased 4.5 percent in Connecticut, from $3.81 billion to $3.32 billion, according to CCP’s Connecticut Giving Reports from 2018 and 2019.
HARTFORD, CT -- As the governor and legislators negotiate a bond package to be considered in the upcoming special legislative session, they are considering not funding the grant program this year. Not funding the grant program would mean that while the state is generating a massive surplus for this fiscal year, as much as $1.6 billion, we would still cut assistance to community nonprofits that provide substance abuse and mental health services, house the homeless, provide residential and day programs for people with developmental disabilities, help people re-enter the community from prison, and promote arts and cultural programs that keep our communities vibrant, to name just a few of the vital programs nonprofits provide.
The JUNE 2019 DIGEST includes CCP NEWS - New Report shows Connecticut Giving By Individuals and Foundations Remained Steady in 2016; and Where is #CCP50 Keeps Members Guessing; FEATURED NEWS STORIES - Collective Impact Opportunity Fund Launched with $1.6M; Grant Provides Supports for Hartford Families Impacted By HUD Contract Terminations; and Connecticut's 100-Day Challenges to End Youth Homelessness; Plus -- PHILANTHROPY NEWS LINKS; EVENTS and OTHER OPPORTUNITIES; GRANTS and RFPS; PEOPLE; and JOBS IN PHILANTHROPY!
HARTFORD, CT - Individuals and foundations in Connecticut gave $4.97 billion in charitable contributions during 2016*, according to the Connecticut Giving Report, an annual publication of the Connecticut Council for Philanthropy (CCP).
FARMINGTON, CT -- One of the many questions surrounding the pending merger between UTC and Massachusetts-headquartered Raytheon, announced almost simultaneously with this year’s Special Olympics, is what happens next year? Will the merged company, Raytheon Technologies, continue to support nonprofit organizations in Connecticut to the extent that UTC has, in many instances, for decades. That remains a question not only at Special Olympics, but at nonprofit organizations large and small throughout the state.