April 30, 2010
Here is a copy of the presentation by Cathy Hawara to the National Charity Law Symposium in Toronto April 30, 2010. The presentation provides an update and also discussion of number of current and important topics.
Here is the presentation CRA Charities Directorate in 2010 - Cathy Hawara presentation to National Charity Law Symposium
There has been some public concern expressed about executive compensation at charities. It is important that charities have appropriate mechanisms to ensure that the charity is neither paying executives too little or too much for the services provided. If you pay too little you might find out too late that the executive is moving on - the cost to a charity of such change at the top can in some cases be substantial. As well, paying too little has a cascading effect on all salaries in the organization and the charity may have trouble keeping people at different levels. If you pay too much you are not effectively using the assets of a charity, you will have others in your organization feeling that they are not sufficiently compensated and you will quite legitimately upset various stakeholders such as the public, media and CRA.
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April 26, 2010
This seminar in Kitchener looks very interesting and I will hopefully be able to make it. It is of the International Committee on Fundraising Organizations (ICFO).
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Posted by Mark Blumberg on 04/26 |
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Canadian Charity Statistics
According to the IRS in the US there are 1,238,201 organizations called 501(c)(3)s which are similar to our “registered charities”. We often hear in Canada that we have too many registered charities at 85,300 - so how do you think the Americans feel! In the US last year they approved 42,484 new 501(c)(3) organizations.
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April 24, 2010
Posted by Mark Blumberg on 04/24 |
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Canadian Charity Law
The Toronto Star looked at the high fundraising costs of certain Canadian professional team foundations in an article entitled “The high cost of sports charities”. It would appear to me that Canadian registered charities need to spend a little more time reading CRA’s Fundraising Guidance and changing some of the techniques and cost structure of fundraising activities.
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April 22, 2010
Posted by Mark Blumberg on 04/22 |
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Canadian Charity Law
CRA has advised that they will remove Charities Information Letters and Employee Speeches as they are out of date or the information is contained elsewhere.
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Posted by Mark Blumberg on 04/22 |
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Canadian Charity Law
Here is an announcement from the Ontario about developing a “comprehensive and long term strategic action plan for its partnership with the not-for-profit sector”.
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April 21, 2010
Posted by Mark Blumberg on 04/21 |
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Canadian Charity Law
Unfortunately the Canadian public and many policy makers have a very poor understanding of the charity sector. I thought this piece from a speech by Helen Burstyn of the Ontario Trillium Foundation summarized the issue nicely.
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CRA will be releasing a new T3010 form. Charities can still use the current form and here are some notes from CRA on what financial information is no longer necessary in light of the removal of the 80/20 expenditure requirement and certain related concepts. See Budget_2010_effect_on_T3010_filing.pdf. Thanks to the Canadian Council of Christian Charities (CCCC) for bringing this to my attention.
