NEW YORK, NY -- Philanthropic organizations have been on edge since Republicans rammed through the monumental tax bill: Will Americans give as generously now that the incentives have completely shifted? Findings suggest that the the Tax Cuts and Jobs Act of 2017 may deal a particularly devastating blow to charities that make up the private social safety net . . .
SOUTHINGTON, CT -- The Community Foundation of Greater New Britain in 2017 awarded three grants to Southington organizations totaling $42,500 in aid. From 2012 to 2017, CFGNB has provided Southington, either to organizations directly in town or to organizations outside of town with a local impact, with more than $2 million in financial aid. Through a partnership with American Savings Foundation, they will offer a series of six in-depth capacity building workshops to strengthen local non-profits from March to October. Up to 15 non-profit organizations can enroll. A $2,000 grant will be rewarded at the end of the series to those who attended ...
HARTFORD, CT -- John Horak, director of TANGO Nonprofit Education and Consulting, suggests lessons to be learned from what happened in Detroit that could be applied to Hartford's dilemma to produce similarly positive structural results? He mentions Connecticut Council for Philanthrop's 2014 foundation statistics.
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 ...
BOSTON, MA -- The Jessie B. Cox Trust, a 35-year charitable lead trust focused on New England, closed at the end of 2017. The family-led Trust has made over $107million in grants, funding efforts predominantly in education, environment, health, and the development of community foundations across the region.
BRANFORD, CT -- In an effort to improve transparency and effectiveness of its grants, the Branford Community Foundation (BCF) has revised its grant making procedures and updated its grant application for 2018. BCF will accept completed grant applications for 2018 between February 1 and March 15, 2018.
NORWALK, CT -- For many nonprofit organizations, Giving Day is their annual opportunity to shine and raise much needed funds to support their missions. Powered by Fairfield County’s Community Foundation, the Fifth Annual Giving Day on March 1st is guaranteed to once again be an inspiring day of philanthropy in Fairfield County benefiting a host of nonprofits. As the February 1st deadline for registration is quickly approaching the Community Foundation is reaching out to nonprofits throughout Fairfield County to join the fun and reap the rewards. Already over 280 nonprofits have registered!
NEW BRITAIN, CT -- For the eighth consecutive year, employee volunteers from Farmington Bank spent a day at Holmes Elementary School using Junior Achievement curricula to teach the fundamentals of business and economics.
BRANFORD, CT -- The Branford Community Foundation (BCF) has announced four new board members: Rita Berkson, Stephanie Donegan Dietz, Bob Mobeck, and Colin Sheehan.
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.
WESTPORT, CT -- Newman’s Own, the Westport food company founded by Paul Newman, faces a crippling tax penalty that threatens the iconic Connecticut’s company’s philanthropic mission. Newman’s Own Foundation owns 100 percent of Newman’s Own food company. The IRS gave the foundation five years to divest from the company. In 2013, it was granted another five-year waiver, which is set to expire in November. When it does, the IRS will levy a 200 percent tax on the foundation’s assets. There are about 25 other charities based on the Newman's Own model, with a for-profit company on one side and a foundation funneling those profits into philanthropy on the other, Forrester said. He plans to return to Washington and redouble his push for a legislative solution. “We’re committed to this, and we’re going to fight for this,” he said. “I think these next six weeks are going to decide things.”
BERLIN, CT -- For 10 years now, Comcast employees based in the Western New England headquarters in Connecticut, along with their friends and family, have knitted and crocheted for a cause. This year the group handmade over 260 hats and scarves, most of which were donated to Operation Gratitude, a non-profit organization that distributes care packages to active-duty troops, as well as veterans, wounded heroes and emergency first-responders. Over 2,000 pieces have been made and donated since the campaign began.
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.
HARETFORD, CT -- Already squeezed by the state’s persistent budget woes, nonprofits in Connecticut are bracing for a potential drop-off in donations due to changes in the sweeping tax bill that President Donald Trump signed into law last week. The Hartford Courant includes quotes from CCP President Karla Fortunato and CCP members: Rick Porth of United Way of Connecticut, and Sally Weisman and Deborah Rothstein of Hartford Foundation for Public Giving.
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.
NEW BRITAIN, CT -- For several years, the Community Foundation of Greater New Britain (CFGNB) has embraced a subtle but important enhancement of its mission, that of community leadership to complement its traditional and fundamental duties as grantmaker. The Foundation has now taken this evolution a step further, awarding nearly $200,000 from within the newly created category of Community Initiative Grants.
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.
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.
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.
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