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Monday, July 15, 2019
Federal Tax Cut, State Budget Problems Have Hurt Connecticut Nonprofits

HARTFORD, CT --A federal tax law reducing the incentive for charitable giving and Connecticut’s continual budget woes are putting a squeeze on the state’s nonprofits, according to experts in the field. The Connecticut Council for Philanthropy and the Connecticut Community Nonprofit Alliance surveyed the state’s nonprofits earlier this year and found 43 percent received or expected to receive fewer donations in 2019 as a result of federal tax law changes, according to data published in May. Individual charitable giving nationwide increased 6 percent from 2015 to 2016, but it decreased 4.5 percent in Connecticut, from $3.81 billion to $3.32 billion, according to CCP’s Connecticut Giving Reports from 2018 and 2019.

Read @ Hartford Courant >>
Thursday, June 21, 2018
Total Charitable Donations In Connecticut Rises; Number Of Individuals Giving Falls

HARTFORD, CT -- Total charitable donations are on the rise in Connecticut, but fewer people are giving, a report released last week from the Connecticut Council for Philanthropy found. In its Connecticut Giving Report, the council shared how both individuals and foundations gave more money in 2015, the latest year for which data is available. Giving from foundations rose from $1.02 billion in 2014 to $1.2 billion in 2015, while individual donations rose from $3.4 billion to $3.48 billion over the same period.

Read @ Hartford Courant >>
Thursday, June 14, 2018
CT Reaches New Philanthropic High, But Fewer Residents Are Giving

HARTFORD, CT -- Connecticut residents donated an all-time high of $5 billion to charity in 2015, according to a recent report from the Connecticut Council for Philanthropy. However, the number of residents that donate is decreasing, raising questions about the sustainability of these gifts. This article also includes quotes by Julie Loughran, President and CEO of the Connecticut Community Foundation.

Read @ CT Mirror >>

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