Corporate Giving

Friday, November 24, 2017
Newman's Own Tax Break

WASHINGTON, DC -- The Newman’s Own Foundation isn’t mentioned in the Senate or House tax bills by name, but appears to be the target of a specific carveout—among the many highly targeted breaks and exemptions in the new GOP tax plans. The unusual structure of the Newman’s Own Foundation, a nonprofit charity that wholly owns a for-profit food company, leaves it vulnerable to a punitive 200 percent tax that would break up the arrangement, and for the past nine years it has spent hundreds of thousands of dollars lobbying Congress to change U.S. law so it can be exempt.

Monday, November 20, 2017
Newman's Own Foundation is Teaming Up with CrowdRise To Launch $500,000 Holiday Challenge

WESTPORT, CT -- Newman's Own Foundation, founded by the late actor and philanthropist Paul Newman, has teamed up with CrowdRise, now part of GoFundMe—the world's largest social fundraising platform—to sponsor CrowdRise's annual Holiday Challenge. Launching November 21, right before Giving Tuesday, and lasting through January 3, the Newman's Own Foundation Holiday Challenge will donate half a million dollars to competing charities, based on certain criteria and challenges over the course of the campaign. This year's program marks the largest holiday challenge to date for CrowdRise, with over 4,000 nonprofits registered to participate. 

Monday, November 20, 2017
Career Resources, Inc. wins $200K grant from Bank of America to continue its commitment to workforce development in Southern CT

BRIDGEPORT, CT -- Career Resources, Inc. has been named a 2017 Neighborhood Builder® by Bank of America. The nonprofit is being recognized for its holistic, integrated approach to helping area residents gain and retain employment. The Neighborhood Builders (#NeighborhoodBuilders) grant will provide Career Resources, Inc. with a unique combination of leadership development, $200,000 in flexible funding, involvement in a network of peer organizations across the U.S. and the opportunity to access capital in order to expand their impact in the Southern Connecticut community.

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