HARTFORD, CT -- CCP President Karla Fortunato submitted testimony against Raised S.B. No. 1137.
Philanthropy, Voluntarism & Granting
2017 marks the 100th year of the charitable deduction. The charitable deduction encourages charitable giving by individuals to the benefit of communities across the country. This resource give data for Connecticut.
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.
HARTFORD, CT -- CCP follows up on bills SB1137 and SB38, that would have levied new taxes on nonprofits with endowments, pension accounts, or significant savings accounts.
CCP's Policy Update includes links and information relevant to the CT philanthropic community, including: Governor Lamont's state budget proposal and the Nonprofit Alliance's analysis, news on Census 2020 in Connecticut, an update on impacts of the new tax law, and information on federal universal charitable deduction bills.
WASHINGTON, DC -- Nonprofit Quarterly comments on Giving USA's most recent report. With fewer Americans giving to charity, some nonprofits are planning for an uncertain future. Even as "Giving USA" has reported record charitable fundraising three years in a row, the share of Americans who donate to charity is falling.