The concept of generating positive benefits beyond just financial returns is particularly attractive to grantmaking foundations that steward endowments. But the president of Max Bell Foundation argues that a number of concerns about “responsible investing” make it premature to advocate that government should push charitable endowments in that direction.
This is the third in a series of articles focused on various aspects of charity law that have been a burden on the Canadian charitable and non-profit sector for 70 years. The articles are written by members of the Canadian Bar Association’s Charities and Not-for-Profit Law Section, who deal with these issues on behalf of their clients on a regular basis. In this piece, Anna C. Naud looks at the doctrine of cy-près.
The House of Commons finance committee passed key amendments to the BIA at the end of May, ridding the bill of language described as “‘direction and control’ on steroids.” But a prohibition on “directed giving,” which prevents pooled funding if those funds are solicited for a specific cause, remains.
This is the second in a series of articles focused on various aspects of charity law that have been a burden on the Canadian charitable and non-profit sector for 70 years. The articles are written by members of the Canadian Bar Association’s Charities and Not-for-Profit Law Section, who deal with these issues on behalf of their clients on a regular basis. In this piece, Terrance S. Carter looks at charitable purpose trusts.
The complex regulatory environment for charities and not-for-profit organizations in Canada is in desperate need of simplification. Lawyers practising in this area have been writing about the need for reform for many years. In this series, introduced by Yvonne Chenier, they will raise awareness on these friction-causing issues and offer common-sense solutions.
Canada’s charitable and philanthropic sector won a major victory Monday, May 30, when the House of Commons finance committee voted unanimously to eliminate wording in the budget implementation bill that had been described as “‘direction and control’ on steroids.”
With the government poised to enact legislation that threatens to set back efforts by charities to more easily fund “non-qualified donees,” the sector has mounted a full-throated pushback.
The Liberal government’s move to legislate the “spirit” of private member’s bill S-216 perpetuates the colonial relationship between charities and groups without charitable status, according to leading sector voices.
