Recent News
BRIDGEPORT, CT -- The Bank of America Charitable Foundation recently awarded a $20,000 grant to Housatonic Community College Foundation to support women who are interested in pursuing a career in the manufacturing industry.
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HARTFORD, CT -- The state’s child care subsidy program, Care 4 Kids, has received a long-awaited boost that will raise the reimbursement rates for children served under the program for the first time in 17 years.
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STAMFORD, CT -- CCP President Karla Fortunato comments on public stance of some organizations and contributions received.
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BOSTON, MA -- When billionaire Robert E. Smith decided to pay off the student loans of the graduating class of 2019 at Morehouse College, he suggested that others follow his lead. But is there even enough black private wealth in the United States to pay off all black student loan debt?
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NEW YORK, NY -- The state attorneys general of New York, New Jersey and Connecticut joined forces Wednesday, filing a new lawsuit against the Internal Revenue Service over a rule banning charitable contributions to state and local governments in exchange for tax write-offs.
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The JUNE 2019 DIGEST includes CCP NEWS - New Report shows Connecticut Giving By Individuals and Foundations Remained Steady in 2016; and Where is #CCP50 Keeps Members Guessing; FEATURED NEWS STORIES - Collective Impact Opportunity Fund Launched with $1.6M; Grant Provides Supports for Hartford Families Impacted By HUD Contract Terminations; and Connecticut's 100-Day Challenges to End Youth Homelessness; Plus -- PHILANTHROPY NEWS LINKS; EVENTS and OTHER OPPORTUNITIES; GRANTS and RFPS; PEOPLE; and JOBS IN PHILANTHROPY!
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HARTFORD, CT --A federal tax law reducing the incentive for charitable giving and Connecticut’s continual budget woes are putting a squeeze on the state’s nonprofits, according to experts in the field. The Connecticut Council for Philanthropy and the Connecticut Community Nonprofit Alliance surveyed the state’s nonprofits earlier this year and found 43 percent received or expected to receive fewer donations in 2019 as a result of federal tax law changes, according to data published in May. Individual charitable giving nationwide increased 6 percent from 2015 to 2016, but it decreased 4.5 percent in Connecticut, from $3.81 billion to $3.32 billion, according to CCP’s Connecticut Giving Reports from 2018 and 2019.
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The State Might Not Provide a Grant to Community Nonprofits This Year. The Effects Would Be Painful.
HARTFORD, CT -- As the governor and legislators negotiate a bond package to be considered in the upcoming special legislative session, they are considering not funding the grant program this year. Not funding the grant program would mean that while the state is generating a massive surplus for this fiscal year, as much as $1.6 billion, we would still cut assistance to community nonprofits that provide substance abuse and mental health services, house the homeless, provide residential and day programs for people with developmental disabilities, help people re-enter the community from prison, and promote arts and cultural programs that keep our communities vibrant, to name just a few of the vital programs nonprofits provide.
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WINSTED, CT -- Students at Northwestern Connecticut Community College in need of assistance with the basic needs of life soon will have a bit more help. The institution announced Monday it has received a $6,000 grant from the Northwest Connecticut Community Foundation, which will go to bolster its Student Emergency Fund.
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HARTFORD, CT -- Hartford Business Journal included CCP President Karl Fortunato's commentary from the "2019 Connecticut Giving Report" in their print publication.