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.
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.
NEW YORK, NY -- Philanthropic organizations have been on edge since Republicans rammed through the monumental tax bill: Will Americans give as generously now that the incentives have completely shifted? Findings suggest that the the Tax Cuts and Jobs Act of 2017 may deal a particularly devastating blow to charities that make up the private social safety net . . .