www.carters.ca
www.charitylaw.ca
•Liability
for Special Purpose Charitable Trusts
–Case law has confirmed that a
charitable corporation owns its general assets beneficially and
not as trustee for those assets, a corporation can still receive
charitable property under express or implied terms in trust and
thereby be trustee of such funds
–To the extent that a gift constitutes a special purpose
charitable trust the charity can only use the gift to accomplish the
specific charitable purpose established by the donor and
for no other purpose
36