A change next year to the federal rules governing charitable funds could unlock more of that money, moving much-needed funds from charitable foundations’ investment accounts to non-profit organizations that the charities support. There is so much more that the charitable sector can do today to support the communities they serve. The majority of Canadians feel that charitable funds, supported by taxpayer-funded charitable tax credits, should be put into circulation more rapidly on the front lines, and not be held interminably. It’s also time that charitable foundations make endowment investment choices for social impact, as well as for profit. Now is the time for Canada’s charitable sector to truly work in partnership with and support the communities they serve.

Source: thestar December 03, 2022 22:13 UTC