Developing the Investment Policy Statement

Any organization that has investments needs an investment policy statement. It is the document that articulates the investment objectives and constraints of the organization and is equally valuable whether investments are handled internally or by an external manager. An investment policy statement can be thought of as a job description for the investment manager. You…

Recent Developments In Crown Agency Foundations

Introduction Readers of The Philanthropist will recall a 1993 article by Blake Bromley of Vancouver, entitled “Parallel Foundations and Crown Foundations”.! Mr. Bromley was instrumental in the establishment of Crown agency foundations in British Columbia and described their creation and many of the issues surrounding their implementation. This article, developed from a paper presented to…

You May Be Doing More Planned Giving Than You Think

Like the man who was surprised to find he’d been “speaking prose all his life without knowing it”, many development officers are surprised to find they’ve been practising planned giving under several other names. Most charities have received a bequest, a life insurance policy, a parcel of real estate, or a large capital gift. Those…

From the Editor

This issue takes us back to basics: death and taxes, food and sex. The basics are not always simple, of course, or we could not offer any analyses of these old topics. Professor Phillips leads off with food, notably Ontario’s Donation of Food Act. He criticizes the Act for shifting the risk of negligent harm…

Bookshelf

The Nonprofit Sector in the Mixed Economy Edited by Avner Ben-Ner and Benedetto Gui Published by University of Michigan Press, Ann Arbor, 1993, pp. 276 REVIEWED BY BRUCE CHAPMAN Faculty of Law, University of Toronto Nonprofit firms, together with a wide array of co-operatives (i.e., consumer, producer, worker, and credit co-operatives) comprise an important part…

Viewpoint: Ontario’s Donation of Food Act

In June 1994 the Ontario legislature passed An Act Respecting the Donation of Food 1 • Little or no publicity accompanied the passage of this short Act, which substantially alters the common law governing the liability of food banks and donors to food banks for the products distributed by the banks. Section (1)(1) relieves both…