HARTFORD, CT - Individuals and foundations in Connecticut gave $4.51 billion in charitable contributions during 2014*, according to Giving in Connecticut, an annual report published by the Connecticut Council for Philanthropy (CCP).
Each year CCP reports on charitable giving in Connecticut by collecting data on taxpayers who itemize their charitable contributions, bequests made through estate giving, and foundations who give grants to nonprofit service providers in the state.
Beyond the data, Giving in Connecticut provides analysis on charitable giving by providing giving trends and insights.
Key Highlights:
- Giving in Connecticut is up 14% over the last 5 years.
Giving in Connecticut from all sources at $4.51 billion was down 3.1% from 2013, due primarily to a drop in bequests.
Giving by individuals at $3.40 billion was up 2.8% from 2013.
Giving by all foundations at $1.02 billion was up 2.4% from 2013.
Giving via bequests was down 74% after being up the previous year by 77%.
* The report covers giving for calendar year 2014, the most recent year available for comparable data. Every year CCP collects and analyzes information for this report from a variety of sources including Giving USA, Guidestar, the IRS Statistics of Income Division, and from 990 and 990-PF tax returns collected by the Foundation Center.
About Connecticut Council for Philanthropy
The Connecticut Council for Philanthropy (CCP) is an association of grantmakers committed to promoting and supporting effective philanthropy for the public good. CCP's 114 members are foundations (private, corporate, community), business and corporate giving programs, bank trusts, donor-advised funds, individual philanthropists and those serving the philanthropic sector. CCP members granted more than $858 million in 2014 from assets of more than $7.6 billion. CCP is a member of The Forum of Regional Associations of Grantmakers (Forum), the largest network serving philanthropy in America.
For more information about CCP and CT grantmakers, visit CCP's website, www.CTphilanthropy.org and publications, Giving in Connecticut, and Co-Creation: Viewing Partnerships Through a New Lens.
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Contact:
David Davison
Interim President
Connecticut Council for Philanthropy
860-525-5585
ddavison@CTphilanthropy.org
Website: www.CTphilanthropy.org