CCP Urges Congress to Support Nonprofits in Stimulus Bill
HARTFORD, CT -- CCP sent a letter to the Connecticut Congressional delegation urging support for the nonprofit community in response to the COVID-19 emergency.
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HARTFORD, CT -- CCP sent a letter to the Connecticut Congressional delegation urging support for the nonprofit community in response to the COVID-19 emergency.
HARTFORD, CT -- The Hartford Business Journal quotes individual giving figures from CCP's Connecticut Giving Report.
HARTFORD, CT -- “There have been an increasing number of towns that have been incorrectly assessing property taxes on community nonprofits that are by law property tax exempt,” said Gian-Carl Casa, president and CEO of the Connecticut Community Nonprofit Alliance, which represents hundreds of nonprofits statewide. “It’s a cynical play, and it’s one that violates something that for hundreds of years has been the case in Connecticut.”
HARTFORD, CT -- This op-ed, written and supported by leaders from Connecticut's philanthropic community, urges the state government to invest additional funds in the 2020 Census to ensure an accurate count or risk recieving a full compliment of federal funds.
HARTFORD, CT -- Learn about the upcoming Census workshops series that CCP is co-sponsoring with Connecticut Community Nonprofit Alliance, Connecticut Data Collaborative, and several CCP members throughout January. The Count Me in 2020 Workshop Series intends to increase awareness and understanding of the importance of the Census to Connecticut, to explain precisely how it will work, and to seek the assistance of organizations in communities statewide.
HARTFORD, CT -- CCP Policy Update - Learn about the new tax changes affecting philanthropy and nonprofits.
MERIDEN, CT -- Yesterday, the 5th Circuit U.S. Court of Appeals released a 2-1 decision that threatens the entire Affordable Care Act (ACA). The decision threatens the affordability of and access to coverage for anyone under age 65 living with a pre-existing health condition.
NEW YORK, NY -- The state attorneys general of New York, New Jersey and Connecticut joined forces Wednesday, filing a new lawsuit against the Internal Revenue Service over a rule banning charitable contributions to state and local governments in exchange for tax write-offs.
HARTFORD, CT -- As the governor and legislators negotiate a bond package to be considered in the upcoming special legislative session, they are considering not funding the grant program this year. Not funding the grant program would mean that while the state is generating a massive surplus for this fiscal year, as much as $1.6 billion, we would still cut assistance to community nonprofits that provide substance abuse and mental health services, house the homeless, provide residential and day programs for people with developmental disabilities, help people re-enter the community from prison, and promote arts and cultural programs that keep our communities vibrant, to name just a few of the vital programs nonprofits provide.
The Connecticut Council for Philanthropy and the CT Community Nonprofit Alliance surveyed their members in an effort to learn how nonprofits and funders were experiencing and responding to financial challenges.
HARTFORD, CT -- Senate bills 931, 933, and 934 seek to ensure that affordability and accessibility do not stand in the way of families looking to provide this basic resource for their children.
HARTFORD, CT -- CCP follows up on bills SB1137 and SB38, that would have levied new taxes on nonprofits with endowments, pension accounts, or significant savings accounts.
HARTFORD, CT -- CCP President Karla Fortunato submitted testimony against Raised S.B. No. 1137.
HARTFORD, CT -- Gov. Ned Lamont wants to explore tapping private investors to finance at least some of the hundreds of millions of dollars needed to install electronic tolling on its highways. "We could put in place, probably, a public-private partnership so … we wouldn't have to up front all of that (toll installation) cost," Lamont said while speaking to the Connecticut Council on Philanthropy at the Hartford Hilton Thursday morning.
CCP's Policy Update includes links and information relevant to the CT philanthropic community, including: Governor Lamont's state budget proposal and the Nonprofit Alliance's analysis, news on Census 2020 in Connecticut, an update on impacts of the new tax law, and information on federal universal charitable deduction bills.
BOSTON, MA -- Research on giving in the United States has now produced definitive empirical evidence to show a decline in the participation and amounts donated by “small” and “medium” (actually, median) donors and an increasing reliance on “large” donors. That lead sentence should make every reader stop and envision the future of philanthropy in our democracy. Nonprfit Quarterly's Patrick Rooney writes in support of a universal charitable deduction.
NEW YORK, NY -- The Internal Revenue Service announced today the official estate and gift tax limits for 2019: The estate and gift tax exemption is $11.4 million per individual, up from $11.18 million in 2018. That means an individual can leave $11.4 million to heirs and pay no federal estate or gift tax, while a married couple will be able to shield $22.8 million. The annual gift exclusion amount remains the same at $15,000. For the ultra rich, these numbers represent planning opportunities. For everybody else, they serve as a reminder: Even if you don’t have a taxable estate, you still need an estate plan.
HARTFORD, CT -- Conventional wisdom is that the total price charged by the state and its local governments in Connecticut is one of the most burdensome in the country. A common measure upon which this conclusion is based is the total amount we residents pay in state and local taxes, relative to our aggregate personal income, i.e., our capacity to pay. On this basis, the Tax Foundation tells us that Connecticut ranks either first or second highest in the nation, depending on which of two analytic models it uses. However, taxes are not the only price paid to governments. Residents also pay a number of fees and other charges, separate and distinct from taxes. By Bill Cibes
WASHINGTON, DC -- The U.S. Treasury Department on Thursday issued new rules aimed at preventing taxpayers in Connecticut and other high-income and high-cost states from avoiding a new cap on the deductibility of their state and local taxes. The Internal Revenue Service said in May it would move to thwart the workaround Connecticut, New York, New Jersey, California and a number of other states have taken to avoid the new cap on these popular deductions.
HARTFORD, CT -- Connecticut has repeatedly considered "anti-prison gerrymandering" legislation during the past decade – in 2011, 2013, 2015 and 2016 – but that legislation has failed to pass. A 2013 report by the Prison Policy initiative and Common Cause found that almost half of the state’s prison population comes from the state’s five largest cities, but almost two-thirds of the state’s prison cells are located in just five small towns – Cheshire, East Lyme, Enfield, Somers, and Suffield.