Private foundation

  • is established as a corporation or a trust;
  • has exclusively charitable purposes;
  • carries on its own charitable activities and/or funds other qualified donees, (e.g., registered charities);
  • may have 50% or more of its governing officials not at arm's lengthwith each other;
  • generally receives the majority of its funding from a donor or a group of donors that are not at arm's length; and
  • its income cannot be used for the personal benefit of any of its members, shareholders, or governing officials.

(CRA : Charities Glossary)

Section

Starting an Organization

Category

Definitions

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