Transparency vs. Anonymity
The calls for greater transparency by charities in Canada is growing. Budget 2022 had a few promises of more reporting requirements for registered charities related to donor advised funds and disbursement quota, although the exact measures are still unclear. What does this mean for the charitable tradition of anonymous giving?
Approving Donor Recognition
Charities like to name things after donors. Simply, big gifts mean more prominent “naming opportunities”. Ontario’s Minister of Health recently issued a directive to hospitals stipulating that they can’t rename existing hospitals in recognition of donations. Is “naming” a risk for major donors? What are the estate planning implications?