Paul Waldie of the Globe and Mail just wrote an article “New scrutiny on charities snares Riddell foundation” which discusses a small penalty against the Riddell private foundation for owning too many shares under the excess business holdings rules for Canadian private foundations.
New scrutiny on charities snares Riddell foundation
http://www.theglobeandmail.com/report-on-business/new-scrutiny-on-charities-snares-riddell-foundation/article4391046/
Here is the CRA database listing:
http://www.cra-arc.gc.ca/ebci/haip/srch/charity-eng.action?r=http%3A%2F%2Fwww.cra-arc.gc.ca%3A80%2Febci%2Fhaip%2Fsrch%2Fadvancedsearchresult-eng.action%3Fn%3D%26amp%3Bb%3D%26amp%3Bq%3D%26amp%3Bs%3Dregistered%26amp%3Bd%3D%26amp%3Be%3Dpenalized%26amp%3Bc%3D%26amp%3Bv%3D%2B%26amp%3Bo%3D%26amp%3Bz%3D%26amp%3Bg%3D%2B%26amp%3Bt%3D%2B%26amp%3By%3D%2B%26amp%3Bp%3D1&bn=890615396RR0001