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Chelsea Groton Foundation Gives Over $170K to Area Organizations
United Way of New Britain and Berlin to Invest $14,400 in Community
Nonprofits Receive $135,965 in Late Fall Grants
Member eBrief - January 2018
A monthly benefit of CCP membership, the JANUARY 2018 Member eBrief features: CCP Updates; Member News & Releases; New Resources; Colleague News and Other Events. Remember to login to access this member benefit!
Bank of America Names Joe Gianni Market President for Hartford
Newman's Own Threatened With Punitive Tax After Exemption Nixed From Tax Overhaul
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.”
American Savings Foundation Awards $85K to Children's Law Center
Valley Community Foundation Receives $1.4 Million Bequest
Bank of America Student Leaders® program
HARTFORD, CT -- The Bank of America’s Student Leaders® application period is open through February 1, 2019 for high school juniors and seniors living in or attending school in Bridgeport, Hartford, New Haven, and Stamford.
Avangrid Foundation Celebrates the Season of Giving
ORANGE, CT -- The Avangrid Foundation, the principal philanthropic arm of Avangrid, Inc. and its subsidiary companies, donated nearly $6 million to more than 650 organizations through grants, scholarships and matching gift programs throughout 2017.
Harvard Pilgrim Foundation Names Nancy Garrabrants to Board
AMHERST — The Harvard Pilgrim Health Care Foundation, which serves communities in Connecticut, Maine, Massachusetts, and New Hampshire through programs, grants, and service, announced the appointment of Nancy Garrabrants to its board of directors. Garrabrants is the former associate dean of the Center for Agriculture at UMass Amherst, where she was responsible for the Nutrition Education and 4-H Youth Development programs.