WATERBURY, CT -- Webster Financial Corp., one of the largest Connecticut-based banks, said Thursday it is joining the growing list of companies nationally handing out employee cash bonuses after federal legislation slashed corporate tax rates. Some of the savings from changes in corporate tax law will be shared in the community, boosting Webster's philanthropic endeavors by $1 million beginning this year.
WEST HARTFORD, CT -- For the sixth consecutive year, Farmington Bank’s West Hartford center branch office was the scene of community goodwill when it hosted the WTIC Holiday Store benefiting The Salvation Army for an entire day.
WESTPORT, CT -- A glitch in the Republican tax overhaul has created an uncertain future for Newman’s Own Foundation and the food company it operates. Under the 1969 tax law, Newman’s Own had five years to divest itself from the business after Newman’s death in 2008, or face a 200 percent tax on its assets. Newman’s Own was able to get congressional support for a waiver to extend that an additional five years. That waiver expires in November 2018.
ORANGE, CT -- The Avangrid Foundation, the principal philanthropic arm of Avangrid, Inc. and its subsidiary companies, donated nearly $6 million to more than 650 organizations through grants, scholarships and matching gift programs throughout 2017.
FARMINGTON, CT -- Farmington Bank continued its long tradition of holiday giving, but this year added a twist. Farmington Bank employees delivered wish list items and gift cards, surprising one area nonprofit organization each business day from December 1 through 15.
RADNOR, PA -- Lincoln Financial Group announced today that for the fifth consecutive year, its employees raised more than $1 million for United Way organizations across the country during the company’s annual fundraising campaign. The campaign included activities such as online auctions, golf outings, road races, basket raffles and bake sales in each of Lincoln’s nine major business locations including Hartford, CT.