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Client News Update

The Connecticut Health and Educational Facilities Authority is aware of a class action lawsuit named In re LIBOR-Based Financial Instruments Antitrust Litigation, MDL No. 2262, that is pending in the U.S. District Court for the Southern District of New York. The lawsuit claims that Barclays Bank plc and other defendants unlawfully manipulated the U.S. Dollar LIBOR rate, artificially lowering the rate to reduce payment to class members. 

Updated Grant Program Policies

The CHEFA Board of Directors met and approved updated grant program policies.  CHEFA issues tax-exempt bonds for 501(c)(3) entities, primarily in the healthcare, educational, childcare, and cultural sectors.  Grants will be made to 501(c )( 3) organizations or public educational institutions that are constituent units as defined in C.G.S.§10a-1 whose core mission fits into one of these four sectors.   The mission of your organization as a whole must fit into one of our four priority areas in order for your organization to be eligible for a CHEFA grant.

Gaylord Hospital in Wallingford receives new handicapped van

Gaylord Hospital has a new handicapped-accessible van, thanks to a grant from a quasi-governmental agency created to help Connecticut-based nonprofit organizations.

POST-ISSUANCE TAX COMPLIANCE WEBINAR

On May 18, 2017, CHEFA hosted a Post Issuance Tax Compliance Webinar on the IRS Schedule K (Form 990). The webinar was presented by Marybeth E. Frantz, Esq. of Harris Beach PLLC and provided an in-depth review of the Schedule K requirements so that future filings are easier and more complete. 

Topics that were discussed included:

CHEFA Names New Grant Program Manager

Betty Sugerman Weintraub has been named Grant Program Manager for CHEFA.  In her new capacity, Betty will be responsible for all of CHEFA’s grant programs; including the Nonprofit, Client, and Targeted Grant Programs.  Before joining CHEFA, she worked for the Liberty Bank Foundation in several capacities, most recently as the Associate Director for Community Initiatives.  Her background also includes positions at the United Way and American Red Cross in CT and MA.

** PRESS RELEASE ** Connecticut Authority Announces New Board Chair and New Board Appointee

         October 12, 2016 (Hartford, CT)  – Governor Dannel P. Malloy has appointed Peter W. Lisi, Ph.D. as Chair of the Board of Directors of the Connecticut Health and Educational Facilities Authority (CHEFA)and has appointed Mark Varholak as a member of the CHEFA Board.  CHEFA provides access to the tax-exempt bond market for not-for-profit health care and educational institutions in the state.  Through CHEFA, these organizations can finance infrastructure projects using funds from private investors. For more information, see press release below.

Client Grant Program RFP Now Available

 

RFP Now Available - Client Grant Program

For more information, visit the Grants section of our website! 

Deadline Extended - Nonprofit Grant Program

The application deadline for the CHEFA Nonprofit Grant Program has been extended to Friday, February 26 at 12 Noon. 

If you have already submitted an application and would like to revise your submitted materials, please immediately email kfontaine@chefa.com to arrange for a resubmission.

 

 

Salute to women who have distinguished themselves in public finance

RFP Released for FY 2016 Nonprofit Grant Program !

Navigate to the Grant Programs section of our website to access the download link.  There are substantive changes to the process and eligibility requirements this year; please review the materials carefully.  The deadline for applications has been extended until NOON on February 26, 2016.

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