•A charity must
still pursue its charitable purpose
•A charity must
still comply with CRA’s Fundraising Guidance
•Need to
consider using “designated gift” option with transfers between non-arm’s length charities in order to avoid 100% capital expenditure requirement for the recipient charity
•What to do with
existing endowment funds, long-term gifts and
ten-year gifts?
–Can capital be
encroached?
–Still need to
track 10-year period?
•Need to review
all existing gift and endowment agreement
provisions in this regard