Recent News
NEWINGTON, CT -- Farmington Bank was acquired by People’s United Bank effective October 1, 2018. The Farmington Bank Community Foundation, which served as the charitable arm of First Connecticut Bancorp. Inc, the holding company of Farmington Bank, will continue on as a private charitable foundation.
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WASHINGTON, DC -- On the cusp of its 50th anniversary in 2019, the NEA Foundation, a public charity founded by educators for educators, today announced that Sara Sneed, a nationally recognized champion of public education, will succeed Harriet Sanford as president and CEO of the NEA Foundation on March 1, 2019.
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TORRINGTON, CT -- Vic Muschell of Torrington and Lori Riiska of Winsted have been named to the board of directors of the Northwest Connecticut Community Foundation, which provides philanthropic support to 20 towns in Litchfield County.
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WETHERSFIELD, CT --
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NEW LONDON, CT -- The National Coast Guard Museum Association, Inc. gratefully announces a generous pledge of $100,000 from the Chelsea Groton Foundation.
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HARTFORD, CT -- The Bushnell Park Foundation is excited to announce the new playground officially opened on Saturday, November 17. After a brief ribbon-cutting ceremony at 11am, the playground officially open for the community to enjoy. Attending the ceremony were Hartford Mayor Luke Bronin, and Jay Williams, President of the Hartford Foundation for Public Giving. The carousel was open for free rides from 12-1pm.
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WASHINGTON, DC -- The accelerating concentration of philanthropic power in the hands of the affluent puts nonprofits at risk and can be checked only by significant tax-law changes, argues the latest in a series of reports and critiques focused on big philanthropy. Nearly a third of itemized charitable contributions in 2015 came from households earning more than $1 million annually — up from just 12 percent in 1995, according to the new report. At the same time, the share of giving by average Americans has been declining for most of the 21st century, sapping the strength of national nonprofits that rely on small donations and don’t attract support from the affluent.
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HARTFORD, CT -- As part of Hartford Business Journal's efforts to spotlight the important role of nonprofits, and the businesses that support them, they've launched their inaugural Community Excellence & Nonprofit Awards. The independent panel of judges — Susan D. Sadecki, president and CEO, Main Street Community Foundation; Eric Daniels, partner, Robinson & Cole LLP; and David Garvey, director, nonprofit leadership program and adjunct professor, Department of Public Policy, UConn — selected the winners, who were nominated by the public, in seven different categories ranging from corporate citizenship and volunteer of the year to nonprofit and nonprofit leader of the year. Honorees for the Partnership Award include: include The Hartford, City of Hartford, Hartford Public Library, and CCP members Aetna Inc., and Travelers Cos.
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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.