Donor-Advised Funds in the U.S.: Controversy and Debate

This article is an edited version of a paper that was written for the McGill-McConnell Program: Master of Management for National Voluntary Sector Leaders. “It is no longer enough to do nice things with your philanthropy—it is time to do the important things.” – Peter Goldmark, former president, Rockefeller Foundation1  GLOSSARY Charity or public charity: One…

News Digest

Sector News Digest: August 25, 2020

This week: Freeland’s to-do list, recovery ideas from Alberta’s non-profits, pandemic fallout for Indigenous artists, and making summer fundraisers work despite social distancing  Charity reform and the new finance minister Senator Ratna Omidvar, who co-chaired the Red Chamber’s committee on charitable reform, is calling on the new Liberal finance minister to move quickly on long-sought…

Point/Counterpoint: Limited life foundations ensure greater social impact

Resolved: Founders and directors will help their foundations have greater impact if they commit their entire endowments during a limited period of time, spending down their resources rather than managing them in perpetuity. Point: Lars Boggild Canadian philanthropic foundations regularly look for ways to be more impactful on the issues they care about. Approaches ranging from…

An Opportunity To Lead: South Asian Philanthropy In Canada

South Asians, originally from the Asian sub continent—including India, Pakistan, Bangladesh, and Sri Lanka—are some of the most diverse ethnic minorities in Canada as well as some of the most financially stable. Based on the work of the South Asian Philanthropy Project, this article describes the philanthropic practices of the South Asian diaspora, outlining some…

Community Foundations – An Idea Whose Time Has Come

In 1914, a lawyer banker by the name of Frederick Harris Goff was responsible for creating a new kind of trust, the Cleveland Foundation. He envisaged that it would provide an efficient means for a person of good will who achieves success in a community to leave something behind for the community’s benefit… and this…

Illustration by Paul Dotey.

Granting During the Pandemic: Foundations Face Increasing Calls to Increase Their Expenditures to Assist Struggling Charities

March 20 was the day the team at MakeWay (then called Tides Canada) mobilized. The Vancouver-headquartered public foundation had been reaching out to its community partners, many of which are in remote and northern communities. “People were just terrified,” says executive director Joanna Kerr. “[They said] they needed core funding. They needed it to be…