BOSTON, MA -- The Jessie B. Cox Trust, a 35-year charitable lead trust focused on New England, closed at the end of 2017. The family-led Trust has made over $107million in grants, funding efforts predominantly in education, environment, health, and the development of community foundations across the region.
HARTFORD, CT -- John Horak, director of TANGO Nonprofit Education and Consulting, suggests lessons to be learned from what happened in Detroit that could be applied to Hartford's dilemma to produce similarly positive structural results? He mentions Connecticut Council for Philanthrop's 2014 foundation statistics.
NORWALK, CT -- For many nonprofit organizations, Giving Day is their annual opportunity to shine and raise much needed funds to support their missions. Powered by Fairfield County’s Community Foundation, the Fifth Annual Giving Day on March 1st is guaranteed to once again be an inspiring day of philanthropy in Fairfield County benefiting a host of nonprofits. As the February 1st deadline for registration is quickly approaching the Community Foundation is reaching out to nonprofits throughout Fairfield County to join the fun and reap the rewards. Already over 280 nonprofits have registered!
BRANFORD, CT -- In an effort to improve transparency and effectiveness of its grants, the Branford Community Foundation (BCF) has revised its grant making procedures and updated its grant application for 2018. BCF will accept completed grant applications for 2018 between February 1 and March 15, 2018.
NEW BRITAIN, CT -- For the eighth consecutive year, employee volunteers from Farmington Bank spent a day at Holmes Elementary School using Junior Achievement curricula to teach the fundamentals of business and economics.
WESTPORT, CT -- Newman’s Own, the Westport food company founded by Paul Newman, faces a crippling tax penalty that threatens the iconic Connecticut’s company’s philanthropic mission. Newman’s Own Foundation owns 100 percent of Newman’s Own food company. The IRS gave the foundation five years to divest from the company. In 2013, it was granted another five-year waiver, which is set to expire in November. When it does, the IRS will levy a 200 percent tax on the foundation’s assets. There are about 25 other charities based on the Newman's Own model, with a for-profit company on one side and a foundation funneling those profits into philanthropy on the other, Forrester said. He plans to return to Washington and redouble his push for a legislative solution. “We’re committed to this, and we’re going to fight for this,” he said. “I think these next six weeks are going to decide things.”