New Investment Powers for Charities

Application of Trust Law to Charities Introduction Trust law dealing with investment powers and duties may be applicable to charities in any of three ways: ( 1) the charity may be organized as a charitable trust; (2) the charity, even though organized as a corporation, may hold some funds subject to a trust separate from…

Recent Legal Developments

Three recent decisions of the Ontario courts should be noted by charity trustees. Mutual Fund Investments by Trustees First, in Re Haslam and Haslam [(1994), 114 D.L.R. (4th) 562 (Ont. G.D.)] the issue was whether mutual funds should be held to be permissible trust investments under the Trustee Act [R.S.O. 1990, c. T-23]. They are…

International Philanthropy in Action: Human Rights

Introduction International philanthropy usually brings to mind famine relief or using Canadian dollars and expertise to build wells and irrigation systems in Third World countries; however Canadian expertise can be used to protect lives and improve living conditions in another way-by sending Canadians to observe and report back on murders, disappearances and torture in other…