A new report from the Connecticut Council for Philanthropy criticizes in-state foundations for decreasing giving at a time when their assets saw significant increases. More than one-quarter of giving goes towards education.
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. Foundations in Connecticut gave $999 million in 2013, a 1 percent decrease from 2012, however Connecticut foundation assets totaled $10.9 billion in 2013, a 22.6 percent increase from 2012. Individual donations (including bequests) were $3.66 billion in 2013, up 1.1 percent from 2012.
Giving in Connecticut 2015 looks at charitable giving in Connecticut and by Connecticut grant makers 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.
The report said 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.
Data from the U.S. Census Bureau, the IRS Statistics of income Division, the Foundation Center, and self-reported information gathered by the Connecticut Council for Philanthropy are used to prepare the report.
