nonprofits,local leaders & Grt.New Haven business sharing information
March 27, 2018; WealthManagement.com
February was a good month for the Newman’s Own Foundation. On February 1st, the foundation announced with some fanfare the milestone of having donated $500 million to charities over 35 years. A few days later, February 9th, President Trump signed into law, as part of the Bipartisan Budget Act of 2018, the Philanthropic Enterprise Act of 2017, also known as the Newman’s Own Exception, ending a long struggle to avoid what would have amounted to a 200-percent tax hit...