Updated CICA Guidelines: Comments on the Re-Exposure Draft

Introduction The Re-Exposure Draft issued by the CICA (Canadian Institute of Chartered Accountants) is a significant improvement over the previous exposure draft.1 The overall thrust has been changed so that there is no longer a single general approach being mandated for NPO (nonprofit organizations) reporting. The acceptance of a restricted fund accounting basis eliminates many…

Effective Performance: Guidelines for Not-For-Profits

Introduction The effects of not-for-profit organizations (NFPs) on our daily lives are immense. Their importance demands that we take notice that many NFPs-from hospitals to environmental groups, from school boards to trade associations, and from large volunteer organizations to small self-help groups-are facing tight economic times, and are grappling with the question of what they…

From the Editor

The present, past and future of charities all get some attention in this issue. The present state of Canadian charities includes a mix of organizations of national scope and of much smaller operations. The nation-wide charity inevitably faces the language question: can we operate effectively in both national languages? As Jean-Claude Carisse points out, the…

From the Editor

Our preoccupation with money, noted in the last issue, continues with this. The indefatigable Allan Arlett brings us up to date with trends and issues in corporate funding, beginning with the healthy if not always welcome reminder that the corporate donation cannot be a definitive fix for lack of good fund raising elsewhere. James Greenfield…

Memo: Public Trustee’s Notice For Ontario Charities

Pursuant to the Charities Accounting Act, charities are required to provide to the Public Trustee the following documentation and information: 1) Notification of inception. A copy of the complete Letters Patent or other documents that bring the charity into existence. Please notify us of any Supplementary Letters Patent or changes in the terms of the…

Improving Information To Ensure Accountability

Board members of both private and public sector organizations are giving more and more thought to their responsibilities. They are asking themselves: What am I responsible for and what must I do to carry out these respon­sibilities? This concern has arisen for two reasons. First, there has been much discussion in the press about the…

Analyzing the Applicant’s Financial Statements: A Grantors’ Introduction

This article has been developed from a presentation to The Canadian Centre for Philanthropy’s Fourth Grantors’ Conference for Foundations on June 17. 1986, in Toronto. The authors wish to acknowledge the contribution to this article of the late George Blodgett. Whether they were established to further the cause of the arts, social services, medical research,…

From the Editor

The development of philanthropy in Canada has created a need for a structured approach by philanthropic organizations to all areas of their operations from the management of paid staff to fund raising. The responses to this need have been varied, as may be seen in the differing perspectives of contributors to this issue. Professor Jacke…