Foundation Giving: Doing Good Isn’t Enough, Philanthropy Must Do More
HARTFORD, CT –- Individuals and foundations in Connecticut gave $4.66 billion in charitable contributions during 2013, according to the Giving in Connecticut 2015 report published by the Connecticut Council for Philanthropy (CCP). Giving in Connecticut 2015 looks at charitable giving in Connecticut by grantmakers and residents, including: individual giving through reported contributions, bequests made through estate giving, and foundation giving. Beyond the data, analysis about cross-sector collaboration, stories about funders making a difference, and quick facts about CCP members are also included.
Key Findings in the Report
Giving in Connecticut 2015 uses data from the U.S. Census Bureau, the IRS Statistics of income Division, data from the Foundation Center, and self-reported data gathered by CCP.
- Foundations in Connecticut gave $999 million in 2013, a 1% decrease from 2012, however Connecticut foundation assets totaled $10.9 billion in 2013, a 22.6% increase from 2012.
- 21.9% of grants (by number) were awarded to human services while 25.99% of grants (by dollar value) were awarded to education.
- 59% of Connecticut foundation assets were held in Fairfield County. In 2013, individuals (including bequests) gave $3.66 billion to charity, up 1.1% from 2012.
More analysis on total charitable giving, giving by individuals and foundations, and grantmaking by subject and geography is available in Giving in Connecticut 2015.
View Giving in Connecticut 2015, charts and graphs, and resources for further reading: https://www.CTphilanthropy.org/resources/giving-connecticut-2015
CCP Asking Philanthropy to Do More
CCP’s Giving in Connecticut 2015 is a report with the best data available, meticulously cleaned and analyzed by CCP, but CCP recognizes that much improved data is needed and is working along with their members and partners like the Foundation Center to improve access to better data in the near future. A lack of mission related investments, stagnant corporate philanthropic giving, and repeated investments in the absence of real change, show philanthropy may have an impact, but is not necessarily using data for the most impact. The philanthropic sector needs to work for transparency and more cross-sector collaboration, to share data, knowledge and strategies as well as engage in advocacy and public policy efforts for more impactful grantmaking. For further discussion on better data for better philanthropy, contact Maggie Osborn at mosborn@ctphilanthropy.org, or 860-525-5585. Join in the conversation with @CTphilanthropy and #CCPImpact.
About the 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 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 $720 million in 2013 from assets of more than $6.3 billion.
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Contact:
Maggie Osborn
President
860-525-5585
mosborn@CTphilanthropy.org
Website: www.CTphilanthropy