Philanthropy and Prosperity: Rebuilding Social Capital

This article was developed from a presentation to The First Annual Fundraising Congress at the Hilton Hotel, Toronto, November 16, 1995. The views expressed do not necessarily represent those of the Ontario Securities Commission, its other Commissioners, or its staff.  A requirement of my appointment to the Ontario Securities Commission, some two years ago, was…

Legal Developments

JAMES PHILLIPS Faculty of Law, University of Toronto B.C. Law Reform Commission The Law Reform Commission of British Columbia has released its Report on Conflicts of Interest: Directors and Societies (1995). This follows its previous Consultation Paper on the subject, released in 1993 and discussed in (1994), 12 Philanthrop., No. 2, pp. 34-36. The principal…

Accounting Standards for Not-For-Profit Organizations: A New Direction

Introduction In March 1996, The Canadian Institute of Chartered Accountants released new accounting recommendations! that will dramatically affect the way many not-for-profit organizations account for capital assets and contributions and change the basic financial statement presentation for such organizations. The new recommendations should make not-for-profit organizations’ financial statements easier to understand and reduce inconsistent accounting…

Governance and Control for Not-For-Profit Organizations

Today, it is almost a truism to say that not-for-profit organizations (NPOs) need strong governance and control. Gone are the days when various levels of government could be relied on to fund a substantial part of the operating budget, when corporate and personal donations were often a matter of straightforward philanthropy and when the “customers”…

From the Editor

This issue continues our usual combination of opinion and instruction aimed at boards, financial managers and …the public at large. Ed Waitzer, Chair of the Ontario Securities Commission, was active in philanthropy and a onetime member of our Editorial Board before his appointment. He gives us the benefit of some time for reflection in his…

Bookshelf

The Charity and Not-For-Profit Sourcebook By Arthur B. Drache Published by Carswell, Toronto, 1995 REVIEWED BY JAMES PHILLIPS Faculty of Law, University of Toronto At first glance The Charity and Not-For-Profit Sourcebook appears to be a new and very useful service to lawyers and others working in these areas; an addition to the growing number…

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