The Philanthropist Welcomes a New Editor

With this first issue of Volume 15 we pass another milestone in the journal’s history and welcome David Stevens, a member of our Legal Advisory Board representing McGill University since 1995, as our new editor. The editorship of The Philanthropist is a voluntary position- a happy circumstance which makes it possible for us to command…

Viewpoint: United Way, Where Are You Leading Us?

The United Way of Greater Toronto raised over $51 million in its 1995 campaign:1 a new level of achievement. Other Canadian fund-raising campaigns may exceed the total raised but nothing approaches the United Way campaign as a successful annual event. In addition, the United Way of Greater Toronto launched a capital endowment campaign in May…

What Is Income? What Is Capital?

What is income? What is capital? The distinction between the two has been likened to that between the fruit of the tree and the tree itself. It is a distinction which has troubled most people who have filed an income tax return. It is even a distinction of significance to registered charities in Canada, notwithstand­ing…

Viewpoint: The Non-Share Capital Corporation: Looking Beyond Incorporation and Organization

Viewpoint expresses the particular view of contributors but does not necessarily reflect the views ofThe Philanthropist. Readers are invited to respond to articles in this section. If appropriate, their views will be published. Introduction No rational person who is respectful of economic reality, life’s fleeting span, and the pleasures of recreation, home and friendship will…

Trusteeship and the Charitable Corporation

Introduction Charity in Canada is an uncharted resource. Each of us is conscious of its existence. None of us can describe its dimensions. It continually changes its boundaries and dimensions as people respond to perceived needs in our society. The response may come as a program undertaken by a business, as a new activity of…