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Generally, an eligible donee is a registered charity that is in good standing with the Canada Revenue Agency, and that has more than half of its directors at arm's length with each of the directors of the charity gifting to it.
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Financial information includes:
annual financial statements,
copies of official donation receipts,
copies of annual information returns (Form T3010, Registered Charity Information Return),
general ledgers,
bank statements,
revenue and expense account details,
documents supporting GST/...
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The responsibility of a foundation/organization to publicly disclose information on their activities, particularly justification for financial activities and the decisions surrounding them. (Philanthropic Foundations Canada)
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An organization has applied to the CRA and received approval as meeting the requirements for registration as a charity, and has been issued a charitable registration number.
A registered charity is exempt from paying income tax and can issue official donation receipts for gifts it receives....
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An individual is eligible to serve as a Director of a charity, unless the individual:
has been found guilty of a relevant criminal offence for which the individual has not received a pardon;
has been found guilty of a relevant offence in the last five years;
was a director, trustee...
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Associated charities are two or more registered charities that have applied for and received this designation from us. Associated charities can pass funds among themselves without being affected by the usual limitation placed on gift making by charitable organizations.
The Income Tax Act...
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Registration as a charity or Canadian amateur athletic association has been cancelled and the privileges that go with it have been taken away. The organization can no longer issue official donation receipts and is no longer eligible to receive gifts from registered charities.
Registration as a...
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Fair market value is usually the highest dollar value that can be obtained for a property in an open and unrestricted market and between a willing buyer and a willing seller, both of whom are knowledgeable, informed, and acting independently of each other.
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A bequest is property a registered charity receives from the will of a deceased person.
(CRA : Charities Glossary)
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Minutes are a written record of the matters discussed, and decisions made at a meeting. They are based on notes taken - usually by the individual designated as Secretary - and are generally presented to a subsequent meeting of the same group for approval. Once approved, a copy of the minutes is...
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