Foundations struggling to meet higher disbursement quota: Philanthropic Foundations Canada
Some volunteer-run foundations have faced capacity constraints in trying to meet the new, higher disbursement quota, said Jean-Marc Mangin, CEO of 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.
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