The Logic recently had an article entitled “Liberals plan to order increase in charity foundations’ spending, following The Logic’s investigation“.
The article notes:
The commitment comes after an investigation by The Logic found that seven percent of charities, and one in five of the country’s largest foundations, failed to meet the DQ in 2019, for a collective spending shortfall of $414 million. These foundations, which include those run by some of the country’s wealthiest families, are not necessarily breaking the law thanks to a variety of loopholes they can use. The total investable assets held by Canadian foundations — which give grants to operating charities so they can fund their work, in a relationship comparable to that between banks and businesses — have increased 70 percent from 2015 to 2019, from $59 billion to $100 billion.