As the COVID-19 pandemic continues to exacerbate inequality, several non-profit and grassroots leaders are calling on Canadian donors to spend down — distributing all of their foundation assets within a defined term — in order to free up capital for community impact. Some are responding, but analysis shows that systemic orientation toward perpetuity in the philanthropic sector in Canada may be preventing other philanthropists from following suit.
The Canadian philanthropic sector is embroiled in a debate about the disbursement quota — the rate at which foundations have to give to charity. Some argue it’s fine where it is — at 3.5 percent. Others argue that this rate is “starving” non-profits across the country. To understand the context for this debate, you need to understand the history.
Canadian foundations invest far more money each year than they grant out to charities. This means that their volunteer ‘investment committees’ — the group that oversees the foundation’s investment decisions — play a considerable role in the overall impact the foundation has. Some social impact leaders say that the “monocultural” nature of these committees is limiting their capacity to create systemic impact.
They won’t take your money: Why these charities are newly restricting donations from controversial corporations
Charities need money. But they also have strong values and a reputation to protect. In light of domestic and international charity scandals; and increasingly powerful movements for racial and social justice; some charities are turning away from donations from controversial corporations — whose money, the charities see, as not worth the moral sacrifice or the public relations risk.
Thinking about using AI to fundraise? Here’s what you need to know — including the ethical questions.
40 percent of charities are still seeing decreased revenue since the start of the pandemic. In this context, fundraisers need all the help they can get. Artificial intelligence tools can help fundraisers to work smarter.
Many charities are facing a COVID-19 drop in donations and an increase in service needs from their communities. While many feel able to survive the next six months, their long-term future is more uncertain, posing a risk for communities who rely on their services.
Tired of “siloed” conversations, Justice Fund protest brings disbursement quota advocacy to the street
Grassroots groups and community-led organizations receive miniscule percentages of Canadian philanthropic dollars. Many in the philanthropic and charitable sectors want to change that — but the question of how remains.
Climate change is an existential threat and it’s powered by the burning of fossil fuels. Experts say that a wave of fossil fuel divestment proclamations amongst Canadian foundations could send a powerful signal to other investors, government and media, that fossil fuels are on the way out — and could also better align foundation’s investment dollars with their social missions.
An under-the-hood look at Inspirit Foundation’s portfolio makeover: fired two investment managers, prioritized DEI
For most foundations, arguably their biggest lever for impact is their invested capital. Yet, few have moved beyond tinkering at the edges with ESG screens.
A DQ hike isn’t enough — here are 7 other things that need to change for more money to flow to Black and Indigenous groups
Funding to groups led by and serving Black, Indigenous and people of colour receive miniscule amounts of Canadian philanthropic dollars. A disbursement quota hike would not automatically mean more funding for these organizations — who are serving some of the most pressing needs.
Federal advisory committee on the charitable sector lacks transparency and diversity, say some, leading to more “conservative” finding on DQ debate
The federal Advisory Committee on the Charitable Sector (ACCS) has the ear of Diane Lebouthillier, the federal minister responsible for Canada’s charitable policy. Their findings on key policy decisions, like the disbursement quota, have the potential to shape federal policy for years to come.
Canada is cracking down on the Freedom Convoy’s finances. Here’s why that may hurt social justice movements, too.
Indigenous land defenders and other social justice movements have been labeled "extremist" in the past for their work. Subjecting their fundraising methods to additional anti-terror restrictions could make it harder for them to raise funds publicly.
Business degrees are the most sought-after post-secondary education in Canada. But if students graduate without learning about how business can be a force for good, Canada risks having a corporate class that only orients toward profit.
Government of Canada proposes a ‘shocking and incomprehensible’ change on funding non-qualified donees
For years, charities, non-profits, foundations and grassroots groups have called for an easier way for charities to work with “non-qualified donees” — organizations without charitable status. That seemed on the horizon with the steady progress on a senate bill, until now.
As soon as this week, the government could pass legislation that, sector advocates say, would make it harder for charities and foundations to fund non-profits, grassroots groups and international charities — directly contravening a promise made in the federal budget.