ENFIELD, CT -- A grant of $227,600 has been awarded by the Hartford Foundation for Public Giving to Asnuntuck Community College, in Enfield, CT. The funding, to be distributed over a three year period, will assist the college in partially supporting a full-time Success Coach to work with the Supplemental Nutrition Employment and Training Program (SNAP) students. Funds will also be used to provide student support, as well as develop and implement a computer literacy class.
WASHINGTON, DC -- The House Ways and Means Committee's oversight subcommittee is slated to hold a hearing on September 13 on tax-exempt college endowments. Lawmakers have been scrutinizing endowments given the rising costs of higher education. The endowments of private, nonprofit colleges are tax-exempt, and the schools are not required to spend a minimum percent of their endowments annually.
STORRS, CT -- UConn’s Neag School of Education has been awarded a $20,700, four-month planning grant from the Hartford Foundation for Public Giving to support a collaborative, research-based process to augment their UConn Administrator Preparation Program (UCAPP) for aspiring school principals and intermediated managers.
HARTFORD, CT -- With the approval of a three-year, $300,000 grant from the Hartford Foundation for Public Giving, Our Piece of the Pie, Inc. will be able to achieve its primary strategic goal of increasing the number of youth served in the region by 32 percent by the year 2018, bringing the total to over 2000 youth served by the organization.
NEW HAVEN, CT -- Facing staggering budget deficits, prominent state legislators and city mayors are eying nonprofit colleges as a lucrative revenue stream. While officials at Yale University call legislation that would implement a new tax on the growth of its endowment an "attack on independent higher education," legislative heavyweights backing the bill say its just forcing the Ivy League school to be a good neighbor.
NEW HAVEN, CT -- Yale University’s endowment earned $2.6 billion in investment gains in fiscal 2015. A proposed bill in the Ivy League school’s home state of Connecticut is eyeing a share of the bounty as a source of revenue. Schools with funds of $10 billion or more -- affecting Yale only -- could face a tax on endowment income, according to legislation introduced this month. Yale’s record $25.6 billion fund is the second largest in U.S. higher education, behind Harvard University’s $37.6 billion.