This episode is a guide for registered charities in Canada who want to make grants to organizations that do not have charitable status.
We explain the legal framework and requirements for making these grants, which were recently amended to allow for more flexible and collaborative partnerships.
It outlines the key legal terms, such as "qualifying disbursement" and "grantee organization," and then outlines the "accountability requirements" that charities must meet when making grants.
We emphasize the importance of due diligence, recommending a process for charities to assess risk and apply appropriate accountability tools, such as research, written agreements, and reporting plans.
The ultimate purpose of the discussion is to provide charities with the tools and information they need to make grants to non-qualified donees in a responsible and compliant manner, ensuring that their resources are used effectively for charitable purposes and that public trust in the charitable sector is upheld.
This episode is sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm serving charity and not-for-profit clients across Canada (https://www.charitylawgroup.ca/ 416-488-5888) and B.I.G. Charity Accounts Group, a firm serving Canadian charities with all their financial statements and tax filing needs.
https://www.charitylawgroup.ca/
416-488-5888
https://www.charityaccountingfirm.ca/
289-301-8883