Philanthropy/Charitable Giving

Total 173 Posts

Chan and Zuckerberg’s Post-Charity Initiative

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Pretty much anything related to Facebook founder Mark Zuckerberg and his wife Priscilla Chan garners headlines. The announcement that they would be giving away 99 percent of their fortune – currently worth $45 billion in Facebook shares – prompted visions of a massive private foundation in the manner of Bill & Melinda Gates Foundation. Instead the couple said they were putting the fund into a Limited Liability Company (LLC) to….

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Philanthropy/Charitable Giving

Private Foundation Continuity

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The combination of “private foundation and perpetuity” is a bit like “Fred and Ginger”, always linked in the public mind. Since 2000, however, the charitable status of 1,750 Canadian private foundations has been revoked. Of that number, 1,088 private foundations deregistered on a voluntary basis at the request of trustees or directors. To put these numbers in context, the number of new private foundations registered since 2000 is 2,983. In….

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Estate Planning, Philanthropy/Charitable Giving

Doing Things Differently

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The Health Innovation Collaborative (HIC) is a three year project supported by The Green Shield Canada Foundation . Under the helm of Sarah Saso, the executive director, funding was provided to bring major community based organizations to collaborate to improve the lives of seniors. The goal of the project was to address ‘the idea of care coordination to keep people living in their homes as long as possible. The goal….

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Elder Care, Geriatric Care Management, Philanthropy/Charitable Giving

Nobel Peace Prize’s Breach of Trust?

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Norwegian lawyer Fredrik Heffermehl thinks the Nobel Foundation has blatantly ignored the intentions of Alfred Nobel for his namesake Peace Prize. Nobel’s will stipulated that the prize be awarded to the ”most worthy champions of peace”. Specifically it should go to “the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and….

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Charitable Giving, Contested wills, Philanthropy/Charitable Giving, Trustee Disputes

Donations involving Private Company Shares & Real Estate

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The announcement in the 2015 Federal Budget that capital gains would be eliminated on donations involving private company shares and real estate was short on detail. As a result the measure, which would be effective beginning 2017, was not passed by Parliament. In mid-summer, the Department of Finance released the technical details and invited public comment. Feedback is due on September 30, 2015. The Federal election makes the future of….

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Charitable Giving, Estate Administration, Estate Planning, Philanthropy/Charitable Giving
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