The current Special Senate Committee on the Charitable Sector seems to be quite interested in “donor advised funds” or DAFs. In particular, members of the Committee are suggesting that the Income Tax Act should be changed to require individual funds to have minimum disbursement quotas and separate regulatory reporting. This…
Tag: foundations
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Community-based Scholarships
By Malcolm Burrows •
August 29, 2016
Establishing a scholarship, bursary or other educational award is a popular charitable purpose in estate plans of the charitably-minded. There are two ways to create these awards: 1) establish at an educational institution; or 2) establish at a foundation or charity to target a particular community. Generally educational institutions,…