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Newman's Own Threatened With Punitive Tax After Exemption Nixed From Tax Overhaul
Comcast Employees Participate in Operation Gratitude
Farmington Bank’s 11 Days of Surprise Visits Bring Smiles to Nonprofit Organizations
Connecticut Nonprofits Fear Tax Bill Could Lead To Decrease In Donations
Williams Anticipating More Nonprofit Funding Requests Amid Budget Constraints
HARTFORD, CT -- Each year Hartford Business Journal highlights five business, government, nonprofit or higher-education leaders to watch in coming year because of their likelihood to be in the spotlight. Jay Williams, president of the Hartford Foundation for Public Giving is one of HBJ's 2018 choices.
$200K in New Grants End Community Foundation's Grantmaking Year
Glitch In GOP Tax Bill Creates Uncertain Future For Newman’s Own
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.
Valley Community Foundation Receives $1.4 Million Bequest
Farmington Bank Once Again Hosts WTIC Holiday Store for The Salvation Army
Avangrid Foundation Celebrates the Season of Giving
Philanthropy 101? CCSU to Offer Course, Capstone Project Aimed at Boosting Philanthropy
For the Fifth Consecutive Year, Lincoln Financial Group Employees Pledge More Than $1 Million to United Way
Liberty Bank Foundation Wins John S. Martinez Community Service Award
Newman's Own Foundation and the Tax Overhaul: Two Cases of “Who Knew?”
WESTPORT, CT -- Newman's Own Foundation is facing a very stiff tax penalty that could cause it to sell off its ownership in the food conglomerate that shares its name or even disband altogether if a provision in the tax reform bill currently being deliberated is not included.
Newman's Own faces Mammoth Tax Bill After Lawmakers Fail to Spare the Foundation
WASHINGTON, DC -- A decision by the Senate’s parliamentarian could force the sale of the late actor Paul Newman’s food company, and dismantle his charity.