Tax and Regulatory Issues

Friday, December 1, 2017
Nonprofits and Grantmakers Bear the Weight of CT's Enduring Budget Crisis

WASHINGTON, DC -- Christine Stuart, the editor of CT News Junkie, a popular blog about Connecticut’s politics and public policy, reports on how community-based nonprofits are adjusting to recent state budget cuts, following years of underfunding. Mentioned in the article are the results of Connecticut Council for Philanthropy's member survey and Hartford Foundation for Public Giving's planned to offer $1 million to help nonprofit organizations adjust to Connecticut state budget cuts.

Tuesday, November 28, 2017
CT Nonprofits Fear GOP Tax Overhaul Will Reduce Charitable Giving

WASHGINGTON, DC -- Both the tax bill the Senate hopes to vote on this week and a House-passed tax overhaul would keep the popular charitable deduction, but non-profits say the legislation still would shrink American help to those in need. CT Community Nonprofit Alliance President Gian-Carl Casa says the bills would “devastate” the state’s community based non-profits.

Friday, November 3, 2017
Newman's Own Foundation Buoyed by Tax Bill's Rescue Provision

WASHINGTON, DC -- The president and CEO of Newman’s Own Foundation has lobbied for six years to save his foundation from a 200 percent tax, but didn’t know until Nov. 2 that the provision had been included in the House GOP tax bill. The foundation would be hit with the 200 percent tax in 2018 unless it has divested, but would be spared if the House Ways and Means Committee bill provision—which would exempt private foundations from the penalty if they meet certain requirements—is enacted.