100 Words for Philanthropy: Traditions of Caring & Sharing in Canada

This is the first in a series of articles on Indigenous Communities and Philanthropy.   In his 5th Century, BCE, play “Prometheus Bound,” the Greek playwright Aeschylus tells the tale of Prometheus, son of Zeus, taking pity when he encounters a group of sickly creatures. Prometheus provides them with two special gifts: fire and blind…

Tides Canada Initiatives Society: Charitable Venture Organizations: A New Infrastructure Model For Canadian Registered Charities

Introduction In 2008, the Tides Canada Initiatives Society (tci) began a project to consider a mod—el support structure for charitable activities that is variously and perhaps erroneously termed “fiscal sponsorship,” a support or “umbrella” organization, or a “facilitator” organization. None of these terms adequately describes the multi-faceted structures that currently exist in Canada in support…

What’s The Law: A Sketch Of The Income Tax Treatment Of Endowments

“Endowments” are held by many Canadian charities. However, the source of these endowed funds and the nature of the legal conditions applicable to these endowments vary widely. More and more often charities that hold endowments are seeking input on how they can or should spend their endowments. The answer to whether they can only spend income…

The End Of Endowments?

The economic swells of the last 18 months stress-tested the system of charitable endowments. Headlines announced spectacular losses to these long-term funds. My favourite was the headline to a Vanity Fair article that chronicled “Harvard’s Big, Dumb Financial Train Wreck.” The world biggest endowment lost $11 billion of its $36.9 billion.1 While it is tempting…

The Philanthropist—annotated Bibliography

Levis, Fern (deceased) (1972). The Protection of Charities in Ontario. The Philanthropist/Le Philanthrope, 1(1), 11-21. Keywords: Public Trustee of Ontario; Charities Accounting Act; The Mortmain and Charitable Uses Act; Charitable Gifts Act; The Corporations Act Abstract: In Ontario, the machinery for the protection of charity is available, although rather rusty in parts. A higher degree of…