HARTFORD, CT -- Charitable giving in Connecticut remained flat in 2016, the most recent year on record, although the number of individual donors continued to fall, new data show. Total charitable giving in Connecticut for the year totaled $4.97 billion, compared with $5 billion in 2015, according to the Connecticut Council for Philanthropy’s (CCP) latest “Connecticut Giving Report.”
Facts, Figures, Trends
HARTFORD, CT - Individuals and foundations in Connecticut gave $4.97 billion in charitable contributions during 2016*, according to the Connecticut Giving Report, an annual publication of the Connecticut Council for Philanthropy (CCP).
WASHINGTON, DC -- The 2017 federal tax overhaul could cut the number of households donating to charity by 2.6 million per year and reduce charitable giving by up to $19.1 billion per year through 2025, according to a new report. The study was commissioned by Independent Sector, a group that advocates on behalf of nonprofits, and was conducted by the Lilly Family School of Philanthropy, at Indiana University.
HARTFORD, CT -- Forty-two percent of the 108 nonprofits recently surveyed by the CT Nonprofit Alliance and Connecticut Council for Philanthropy said they saw a decrease in donations in 2018, or expect a downturn this year. Karla Fortunato, president of the Connecticut Council for Philanthropy, which represents grantmakers in the state, can't say for certain why some people seem to be eschewing their regular donations to local nonprofits, but she believes the 2017 federal tax reform law has a lot to do with it.
NEW YORK, NY -- The Foundation Center, which has collected information on philanthropy for more than half a century, today announced that it will join forces with GuideStar, an electronic database of about 2.7 million nonprofits, to form a new nonprofit organization known as Candid.
WASHINGTON, DC -- The news any given day is filled with warnings of "doom loops," inverted yield rates, and other wonky predictors of a recession. A downturn is likely for 2019, economic cognoscenti say, if not inevitable by 2020, particularly given the drag of the monthlong federal-government shutdown.