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How Foundations Saved the City of Detroit
Blumenthal, Murphy: Save Tax Exemption For Newman's Own Foundation
WESTPORT, CT -- Sens. Richard Blumenthal and Chris Murphy wrote to Senate leadership Wednesday asking that a provision to protect the Westport-based Newman’s Own Foundation from a costly tax bill be included in ongoing federal budget negotiations. When Paul Newman died in 2008, ownership of the actor's ...
Cox Trust Closes with Early-Stage Investments in Education, Environment, and Health
Branford Community Foundation Announces New Grant Application Procedures
Nonprofits to Vie for $100,000 in Giving Day 2018 Prizes
Branford Community Foundation Announces Four New Board Members
Webster Bank Hands Out Bonuses, Boosts Philanthropy After Tax Overhaul
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
$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.