www.carters.ca
www.charitylaw.ca
–Maintain a reserve fund policy and
ensuring that fundraising is for an
identified use or need
§The size of a
justified reserve policy will depend on a
charity’s particular situation
§Factors to consider include:
◦Its typical annual
expenditures;
◦Its size;
◦Its long-term plans;
◦Its donor base;
◦Its projected revenue;
◦Its
current and projected economic conditions;
◦Contingencies; and
◦Known risks being
faced.
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