Many Canadian charities fundraise. In total fundraising brings in over $20 billion for Canadian charities every year. Through the dedicated work of volunteers, staff and consultants many Canadian charities fundraise to have resources to conduct their charitable activities. While fundraising is vitally important for the charity sector, fundraising practices of some charities have received regulatory and public scrutiny. This 4.5-hour course will focus on:
- Why does CRA have a fundraising guidance and what is fundraising?
- When is fundraising not acceptable?
- Some of CRA’s key concerns including:
-Sole-source fundraising contracts
-Non‐arm’s length fundraising contracts
-Fundraising initiatives that are not well‐documented
-Fundraising merchandise purchases that are not at arm’s length, not at fair market value, or not purchased to increase fundraising revenue
-Commission‐based fundraiser remuneration
-Misrepresentations in fundraising solicitations or in disclosures about fundraising or financial performance
- How does CRA evaluate a charity’s fundraising and how this can impact your fundraising?
- Practices that will raise concerns with CRA
- Examples of fundraising activities
- Allocating fundraising expenditures and the perils of not doing it correctly
- Provincial regulation of fundraising
- The media’s concern about fundraising
- Transparency, accountability and disclosure
- Good practices for Canadian charities that fundraise
- Restricted gifts and their impact on fundraising
- The difference between business sponsorship vs. gifts
- Third-Party Fundraising Events
- 4 CRA revocations for fundraising non-compliance and the reasons CRA gave
- Various other important issues in fundraising
This course Fundraising Regulation and Compliance in Canada for Registered Charities will be of interest to volunteers and staff at Canadian registered charities involved with fundraising especially fundraising staff. It will also be of interest to fundraising consultants, professional advisors such as lawyers and accountants who advise charities that do fundraising, board members of Canadian charities that fundraise and philanthropists who want to understand the regulatory requirements of Canadian charities who fundraise.