Series - Editorial Fellowship: Transforming Funding Models

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

Author Yannis Souris
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

This journalism is made possible by the Future of Good editorial fellowship covering the social impact world’s rapidly changing funding models, supported by Future of Good, Community Foundations of Canada, and United Way Centraide Canada. See our editorial ethics and standards here.

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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