HARTFORD, CT -- The Hartford Business Journal's Partnership Award Winners are The Hartford, Aetna Inc., Travelers Cos., City of Hartford, and the Hartford Public Library. When insurers Aetna, The Hartford, and Travelers Cos. paid a combined $10 million to the city of Hartford this summer, they were making good on a March 2017 pledge to help the city regain its financial footing by providing a $50 million boost — assuming the city forged a comprehensive and sustainable solution to address its fiscal problems. The insurers saw progress in the last year and paid the first installment of what they and the city hope will be four more annual payments of $10 million. Of that first amount, $8.1 million is covering operating expenses of the Hartford Public Library this fiscal year, with the balance going to law enforcement and recreation.
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New Fund to Assist College Students Struggling to Complete Degrees During Era of Shrinking Sources of Financial Aid; Foundation Jumpstarts Fund with $10,000 Gift
HARTFORD, CT -- The Hartford Foundation for Public Giving said Thursday it would invest $2.9 million to provide each of the 29 cities and towns it serves with a fund of $100,000 to use as the communities see fit. “We are exceptionally excited about this new approach,” Hartford Foundation President Jay Williams said, noting that it was prompted by his listening tour of the cities and towns the foundation serves.
WATERBURY, CT -- The Leever Foundation is delighted to welcome Saran D. White as its inaugural Executive Director effective December 3, 2018.
A monthly benefit of CCP membership, the NOVEMBER 2018 Member eBrief features: CCP Updates; Member News & Releases; New Resources; Colleague News and Other Events. Remember to login to access this member benefit!
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.