Are Canadian foundations afraid of death?
In Canada, philanthropic perpetuity is the norm, but some are bucking the trend
Why It Matters
As the COVID-19 pandemic continues to exacerbate inequality, several non-profit and grassroots leaders are calling on Canadian donors to spend down โ distributing all of their foundation assets within a defined term โ 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.
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