Share this Story: WE Charity still sitting on $40M in Toronto real estate that was to be sold for endowment fundWE Charity still sitting on $40M in Toronto real estate that was to be sold for endowment fund Marc and Craig Kielburger, the co-founders of the WE empire, are set to testify before the House of Commons ethics committee as soon as Monday Photo by Peter J. Thompson / National PostArticle content Six months after WE Charity announced it would sell off its Canadian assets to create an endowment fund for its humanitarian programs abroad, more than $40 million in Toronto real estate remains with the charity organization. Try refreshing your browser, or WE Charity still sitting on $40M in Toronto real estate that was to be sold for endowment fund Back to video By far, the most significant of the assets owned by WE Charity in Canada is a large real estate portfolio — a block of commercial properties in downtown Toronto, one of the country’s hottest real estate markets. National Post was also unable to locate real estate records suggesting the properties have been publicly listed for sale, despite searches of MLS by two real estate agents. WE told National Post previously that the charity’s real estate investments were funded by “targeted donations” from long-standing supporters of the charity. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up!

Source: National Post March 12, 2021 15:36 UTC