Black Opportunity Fund calls for ‘an immediate stay’ of announcement of Black-led endowment fund RFP winner, citing concerns with process transparency

Why It Matters

The federal government says they will soon announce the winner of a procurement process to select the steward of a $200 million endowment fund for Black communities. One proponent, the Black Opportunity Fund, says the process used to select the winning proponent, however, lacked due diligence and transparency, undermining the credibility of whichever organization is selected.

CRA guidance on non-qualified donees a ‘good first draft’ but leaders are pushing for several big changes before government finalizes policy

Why It Matters

For more than a decade, non-profits and grassroots groups have been stymied by CRA policy that has prevented them from getting grants from foundations. After a sustained advocacy campaign, that’s on the cusp of changing.

Disbursement quota hike to 5 per cent given royal assent, now law

Why It Matters

The disbursement quota governs the amount of money foundations must spend on charitable activities and flow to communities each year. The raise in the rate will mean more money for community service organizations moving forward.

Campbellford/Seymour Community Foundation suspends 2023 granting to ‘protect’ endowment amidst market downturn

Why It Matters

The financial markets have bruised many foundation’s endowments this year. So too, however, have many charities and non-profits been feeling the pinch with increased inflation and service demands. The rate at which foundations keep giving will impact how community organizations are able to support their communities.

Philanthropy leaders urge the sector to lean more into policy advocacy

Why It Matters

Philanthropy’s risk-averse tendencies have been a barrier to instigating systemic change — challenging power in philanthropic institutions is the first step in reimagining the sector for the future.

Does an ‘extraordinary’ half-billion dollar donation offer new potential for affordable housing in Winnipeg?

Why It Matters

The Winnipeg Foundation, Canada’s largest community foundation, just announced they have been gifted one of Winnipeg’s largest apartment rental companies. How they choose to steward this asset could impact Winnipeg’s housing market in the coming years.