Mark Blumberg, Lawyer, Blumbergs in Toronto and works almost exclusively advising non-profits and registered charities on their work in Canada and abroad. Mark has written numerous articles, is a frequent speaker on legal issues involving charity and not-for-profit law. He is the editor of a blog www.CanadianCharityLaw.ca, which covers legal and other developments affecting charities, and has created the largest portal of data on the Canadian charity sector, www.CharityData.ca. Mark also edits www.SmartGiving.ca, which provides information on due diligence when selecting charities.
Mark has a B.A. in Political Science from the University of Toronto, an LLB from the University of British Columbia and an LLM from Osgoode Hall Law School in Tax Law.
All Sessions by Mark Blumberg
See Full AgendaDay 1: May 3, 2023
11:30 am
11:30 am
TRACK 1CASE STUDY: LEGAL EXPERT
Disbursement Quota Changes and their Impact on Canadian Foundations
Changes to the disbursement quota will have significant impacts on some foundations. You may need to adjust your operations and investments to meet the increased disbursement quota requirements. There are also new anti-avoidance provisions and transparency requirements enacted as a result of the 2022 Federal Budget that will impact some foundations. Adopt best practices to:
- Assess, and adjust, your current legal documents such as articles and objects, gift agreements, gift acceptance policies, restricted gifts, etc.
- Adjust your investment policy statement
- Change your grant making budget and enhance your grant making systems and capacity
- Potentially disclose additional information to the CRA
Enhance your disbursement policies to remain compliant and enable long-term investments.
Day 2: May 4, 2023
