Topics: News, What's New from the Charities Directorate of CRA, Canadian Charity Statistics, Ethics and Canadian Charities
We recently reviewed the private foundations contained on the T3010 Registered Charity Information Return for 2011. In this case we looked at the approximately 500 private foundations on the database who had the greatest total expenditures according to their T3010 filings. There are some interesting surprises on the list.
In the note we have created a table of 500 private foundations based on the amount they spent in 2011. We have also listed how much each of those foundations had in terms of assets in their 2011 fiscal year. Finally, we have included a column which sets out the amount percentage of the total assets spent by the foundation in that year.
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Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.