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National Post article on CIBC suspending bank account of charity IRFAN

The National Post today had a story on IRFAN entitled “Relief organization that allegedly supported Hamas suspends operations after CIBC closes bank accounts”. The National Post notes: “A humanitarian relief organization that lost its charity status two years ago over…

“Silence Isn’t Golden”

Mark Rosenman has written an article “Silence Isn’t Golden” for Philantopic of the US Foundation Center.  It is well worth reading.  “Confronted by headlines about truly questionable practices at a few dozen charities, the response of too many nonprofit leaders…

Prescient Foundation – some additional documents.

In the past we posted the revocation letters from the Canada Revenue Agency to various registered charities in the Vancouver area including the Prescient Foundation (and also Essential Grace Foundation, Malachi_3_10_Foundation, and The Gateway Benevolent Society).  A number of law…

What is planned giving?

In this article I discuss different planned giving vehicles in Canada. What is planned giving?

“Asking a bigger question” by Mark Blumberg

I recently wrote a short piece entitled “Asking a bigger question” that was distributed in the new Mackenzie Investments magazine entitled Mackenzie Strategic Philanthropy.  My article dealt with the true cost of bringing resources into the sector.  There are a…

Lawyers preventing money laundering and terrorism

The Financial Action Task Force (FATF) has put out an interesting report on “Money Laundering and Terrorist Financing:  Vulnerabilities of Legal Professionals”. The report provides interesting case studies, red flags, examples and suggestions for avoiding involvement with money laundering and…

Summative Evaluation of the Movable Cultural Property Program

The Federal Department of Canadian Heritage a few years ago did a “Summative Evaluation of the Movable Cultural Property Program” in which it discusses the program, its relevance and concerns about the program.  While there is no doubt that many…

A caution on using charity financial data

The US National Centre for Charitable Statistics has some good cautions on the use of US data Form 990 data that I recently noted.  Similar issues apply here in Canada with the T3010 so I have reproduced the sections below.…

CRA letter on Leveraged Donation Arrangements

CRA recently released a letter which gives CRA’s views on providing advance tax rulings in respect of leveraged donation arrangements. Following the recent Maréchaux decision and the CRA audits of leveraged donation arrangements, there have been concerns raised regarding the…

Vancouver Sun “Behind the Rick Hansen Foundation” article

The Vancouver Sun has published an article entitled “Behind the Rick Hansen Foundation”.  In the article investigative reporter David Baines discusses financial matters and fundraising by the Rick Hansen Foundation. Here is the article “Behind the Rick Hansen Foundation”