WASHINGTON, DC -- The news any given day is filled with warnings of "doom loops," inverted yield rates, and other wonky predictors of a recession. A downturn is likely for 2019, economic cognoscenti say, if not inevitable by 2020, particularly given the drag of the monthlong federal-government shutdown.
Philanthropy, Voluntarism & Granting
EAST HADDAM, CT – Jennifer Height, Liberty Bank’s Moodus branch manager, has been inducted into the Liberty Bank Volunteer Hall of Fame, the bank’s highest honor for community service by its employees.
HARTFORD, CT -- The residents of Connecticut are the fifth most generous in the nation, according to a new analysis by the financial website WalletHub.
BERLIN, CT -- The Comcast Foundation announced, today, that they have awarded over $20,000 in grants to 15 Connecticut organizations in support of their volunteer efforts during Comcast Cares Day, which took place earlier this year.
NEW YORK, NY -- Starting this fall, and well into the future, medical students at New York University will get free tuition. In a few years, shiny new facilities will welcome cancer patients in Atlanta and brain researchers at Stanford. The announcements about these developments credit generous philanthropists, but fail to mention who else is footing much of the bill: American taxpayers. Like most charitable giving, health care philanthropy is tax-deductible. When wealthy people give away millions of dollars, their tax bills go down. But that leaves the rest of us either to pick up the slack or go without the investments that our government could have made with those funds.
WASHINGTON, DC -- The consumer orgies of Black Friday, Small Business Saturday, and Cyber Monday have a rapidly growing nonprofit rival: Giving Tuesday, which celebrates its seventh year today. Begun by a coalition hoping to reinvigorate giving in the United States during the holiday season, Giving Tuesday has turned into a philanthropic juggernaut: Last year, the day moved at least $300 million to nonprofits by mobilizing hundreds of thousands of people, many of them infrequent donors, to give to charities of their choosing. Giving Tuesday champions the welcome spirit of ordinary donors and the amazing diversity of American charity. But when it comes to philanthropic giving in the United States, it proves the exception to a stubborn rule.