Another contentious DQ proposal: Should impact investments count toward the DQ?

A prominent Canadian charity lawyer says the time is now for foundations to push the federal government to allow impact investments to count toward a foundation’s disbursement quota.

Why It Matters

Critics of this proposal say allowing impact investments to count toward a foundation’s disbursement quota would result in fewer granting dollars flowing to the charitable sector — at a time of high inflation when they are needed most.

A technology share chart. Photo: Markus Winkler

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Last Monday, in a high-ceilinged conference room in Montreal, on the unceded territory of the Kanien’kehà:ka, a prominent charity lawyer made a pitch to a room full of the top brass of the country’s private foundations: Get in touch with the federal Department of Finance, and fast. 

Terrance Carter, managing partner of law firm Carters Professional Corp., and a former member of the federal advisory committee on the charitable sector, m

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