Despite constrained resources, community finance organizations shaping future of rural, northern Canada

Why It Matters

Northern and rural Canada face unique economic challenges, and while the community finance landscape in these regions is limited, community needs are high. Here are three intermediaries finding creative ways to fund ventures and grow local ecosystems.

Foundations struggling to meet higher disbursement quota: Philanthropic Foundations Canada

Why It Matters

2023 was the first year some foundations were forced to increase their charitable spending. Imagine Canada estimated this change would result in an additional $200 million annually in charitable expenditures — but only if foundations follow the rules.

‘Major victory’ or disappointment? Mixed reviews on whether new CRA guidance will spur more granting to non-qualified donees

Why It Matters

Charity advocates celebrated in 2022 when the federal government changed the law, allowing foundations to grant to non-profits. However, new CRA guidelines suggest that many foundations must change their governing documents to benefit from the new latitude.

This small foundation “turbocharged” its assets — but at what cost?

Why It Matters

The growth strategies used by the Community Foundation of Orillia and Area have increased granting and improved some local charity’s investment returns. Experts are celebrating these wins, but caution there could also be downsides.

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Housing hot button: Should your foundation divest from residential REITs?

Why It Matters

For endowed foundations, where they invest has the potential to boost their impact beyond their granting — or work at cross-purposes with it. More information would help foundations make informed decisions.

UK’s Lankelly Chase foundation to wind down, redistribute $236M within 5 years

Why It Matters

In Canada and abroad, philanthropic activists have called on foundations to redistribute their assets to equity-seeking groups through asset transfers and spend downs. Lankelly Chase foundation’s announcement is one of the boldest responses yet.