‘Major victory’ or disappointment? Mixed reviews on whether new CRA guidance will spur more granting to non-qualified donees
Philanthropic Foundations Canada and the Ontario Nonprofit Network say the guidance is a significant policy win. However, a third sector association says it won’t likely prompt a new flood of money 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.
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