Donor Advised Funds (or DAFs) have become increasingly popular in Canada. The amount of funds in DAFs has grown considerably. While DAFs can be useful in certain circumstances, there are a myriad of legal, ethical and practical issues that donors, charities and regulators need to consider relating to DAFs. If you would like legal advice relating to DAFs, then please contact us.
Here is the Blumbergs’ Submission to the House of Commons Standing Committee on Finance for the Pre-Budget Consultations in Advance of the Upcoming 2022 Federal Budget. We offer 11 recommendations namely the following: List of Recommendations Primary Recommendations Recommendation…
We have created a new online course, Should Our Canadian Business Establish a Corporate Foundation? This course will discuss when it may be advantageous for a Canadian business to launch a corporate foundation. Whether you are a large bank, small…
I listened to a webinar recently that I thought was very good entitled: Community Learning Series – Trust-Based Philanthropy Here is a description of the webinar: As grantmakers, we have a responsibility to confront the ways our sector has contributed…
In the last couple of weeks I have read two separate CRA notes on the importance of maintaining sufficient separation between a registered charity and a non-qualified donee (whether non-profit, foreign charity, for-profit, etc) Here is an excerpt from a…
The PBO just released a report on a private member’s bill, Bill C-256, An Act to amend the Income Tax Act (donations involving private corporation shares or real estate). The PBO report notes “This private member’s bill would amend the Income…
Our firm has been using online tools for over 10 years – primarily webinars. In 2018, we moved to providing paid online courses dealing with charity and non-profit legal compliance and risk management to the non-profit and charity sector as…
The Wall Street Journal on January 8, 2020 in an opinion piece entitled “The War on Philanthropy: Private giving achieves what government can’t—which is why authoritarians hate it” basically provides an unabashed defence of philanthropy and response to those who…
There was recently an article in VOX entitled “Google’s Larry Page gave $400 million in Christmas donations. Not a penny went straight to charity. How Silicon Valley billionaires skirt charity rules each holiday season.” The article discusses how Larry Page…
Donor Advised Funds are registered charities in Canada that allow a donor to donate to the charity but the donor retains the ability to recommend which registered charities or qualified donees will receive the funds. Donor Advised Funds or DAFs…
I was recently on a VITREO podcast entitled Episode 31: The Impact of the Community Foundation – How They Have Become Power Players in Philanthropy and What it Means for the Sector. It dealt with community foundations, donor-advised funds and perpetual…
We have recently launched another online course entitled “Donor Advised Funds (DAFs) In Canada: Understanding this important and often misunderstood philanthropic vehicle? It is 1.5 hours long and covers a number of topics relating to donor-advised funds or DAFs.
The Liberal Government has made some noises about modernizing charity law. Who could be opposed to modernization? As there is no idea as to what “modernization” means, it has opened up all sorts of calls for changes to charity law…