By TESS VRBIN
JUL 15, 2019
A federal tax law reducing the incentive for charitable giving and Connecticut’s continual budget woes are putting a squeeze on the state’s nonprofits, according to experts in the field.
The Connecticut Council for Philanthropy and the Connecticut Community Nonprofit Alliance surveyed the state’s nonprofits earlier this year and found 43 percent received or expected to receive fewer donations in 2019 as a result of federal tax law changes, according to data published in May. Additionally, state budget problems hurt more than 60 percent of the state’s nonprofits. Financial cuts totaled $11.9 million, ranging from $25,000 to $3 million and averaging $661,000, according to the survey report.
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