The AUGUST 2019 DIGEST includes FEATURED NEWS STORIES - Foundation Releases Guide to Community and Clinical Partnerships; BOA and Housatonic Community Foundation Partner to Advance Women in Tech; Cigna Foundation Announces Availability of $5 Million in Grants to Reduce Child Food Insecurity; New Fund Awards More than $1 M in First Round of Local Grant Funding; High School Manufacturing Academy and Foundation Launch MET Fund; Plus -- POLICY UPDATE; PHILANTHROPY NEWS LINKS; EVENTS and OTHER OPPORTUNITIES; GRANTS and RFPS; PEOPLE; and JOBS!
WASHINGTON, DC -- Connecticut tax professionals are warning clients that the IRS may not let them keep benefits from a state program designed to ease the pain of the tax law’s cap on state and local deductions.
NEW YORK, NY -- The state attorneys general of New York, New Jersey and Connecticut joined forces Wednesday, filing a new lawsuit against the Internal Revenue Service over a rule banning charitable contributions to state and local governments in exchange for tax write-offs.
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!