Private foundations play a crucial role in philanthropy by providing resources to support various charitable causes. These organizations are typically established and funded by families or individuals with a strong desire to make a difference in their communities. However, managing a private foundation can be complex and challenging, especially when it comes to governance. In this blog post, we explore...
Following political pressure for Canadian charities to spend more of their capital, the federal government announced in their 2022 budget that the Disbursement Quota (“DQ”) for registered charities will be raised to 5%. This post describes the latest changes to the disbursement quota and how they may affect your private foundation.
This post will describe some key governance and documentation strategies to consider when planning for the succession of your Canadian private charitable foundation.
Private foundation governance is an important topic for families with multi-generational wealth. This post describes what a private foundation is and how responsibility can be transitioned to next generation family members.
