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For members of the Connecticut Council for Philanthropy Board of Directors
For CCP members who have responsibility for program implementation and grants management
NEW YORK, NY -- Starting this fall, and well into the future, medical students at New York University will get free tuition. In a few years, shiny new facilities will welcome cancer patients in Atlanta and brain researchers at Stanford. The announcements about these developments credit generous philanthropists, but fail to mention who else is footing much of the bill: American taxpayers. Like most charitable giving, health care philanthropy is tax-deductible. When wealthy people give away millions of dollars, their tax bills go down. But that leaves the rest of us either to pick up the slack or go without the investments that our government could have made with those funds.
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.