www.carters.ca
www.charitylaw.ca
(iii) When making a PRI, a charity
must:
–Have a policy that stipulates the criteria it
applies to PRI related decisions and explains how each PRI
furthers its charitable purpose
–Include an exit mechanism that allows the
charity to withdraw from the PRI or convert it to a regular
investment in case the PRI no longer furthers the charitable
purpose or the charity loses control over the activity of a
non-qualified donee
–Ensure that its PRIs meet all applicable trust, corporate
or other legal or regulatory requirements
–Maintain records that establish its direction
and control over any PRIs with non-qualified donees
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