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HARTFORD, CT -- Thanks to Goya Foods, Inc. and its Goya Gives campaign, displaced families served by Hartford's the Centro de Ayuda Para Nuestros Amigos Caribeños (Relief Center for our Caribbean Friends) had a reason to celebrate the new year. The Capitol Region Education Council (CREC) manages the relief center, which opened on November 1. The Latino Endowment Fund at the Hartford Foundation for Public Giving was instrumental in securing the
generous donation from Goya Foods.
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!
NEW BRITAIN, CT -- A local union has donated $1,500 to the Community Foundation of Greater New Britain’s Hurricane Maria Puerto Rico Relief Fund.
NEW BRITAIN, CT -- Since establishing the fund within 48 hours of the devastating hurricane hitting the island of Puerto Rico we’ve collected $41,428 in gifts and grants from individuals and organizations including support from our own foundation and the American Savings Foundation. An additional $7,500 was granted and designated by our Foundation for local efforts raising our total amounted committed to $48,928.
BRANFORD, CT -- The Branford Community Foundation (BCF) has announced four new board members: Rita Berkson, Stephanie Donegan Dietz, Bob Mobeck, and Colin Sheehan.
DANBURY, CT -- As in previous years, the United Way of Western Connecticut administers the fund at no charge, so 100 percent of the donations go to the cases. Any donations received above the amount needed for a case will benefit underfunded cases. If all are funded, then the money will be used for other United ...
WESTPORT, CT -- Newman's Own, the popular purveyor of philanthropic pasta sauce, will be forced to put itself up for sale or pay crushing fines this year due to an obscure provision in the tax code. "It's not a possibility — it's an absolute certainty that we would have to divest," Bob Forrester, chief executive of the Newman's Own Foundation, told CNBC. On Wednesday, Forrester is slated to meet with lawmakers in hopes of a securing a last-minute legislative fix, potentially as part of any deal to fund ...
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.”