The Sector Source website is no longer being updated and will soon be retired. Some resources may be out of date. A new, updated Standards Community is in the works - Subscribe to our Newsletter for updates!

  • Advocacy

    The act or process of defending or maintaining a cause or proposal. An organization may have advocacy as its mission (or part of its mission) to increase public awareness of a particular issue or set of issues. (from enVision.ca)

  • 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;...

  • Eligible amount

    The eligible amount is the part of a gift for which a charity can issue a tax receipt. Generally, this is the amount by which the fair market value of the gift exceeds the amount of any advantage given in respect of the donation.

  • Tax shelter

    Generally, a tax shelter is any arrangement where the tax benefits equal or exceed the net cost of entering into the arrangement.

  • Charity Registration Number

    A charity registration number is 15-digit program account number assigned to a charity by the CRA when it is registered. A complete charity registration number has three parts: the BN (first nine digits), the program identifier (two letters), and the reference number (four digits). The registered...

  • Public foundation

    is established as a corporation or a trust; has exclusively charitable purposes; generally gives more than 50% of its income annually to other qualified donees, (e.g., registered charities), but it may carry out some of its own charitable activities; more than 50% of its governing officials...

  • Eligible donee

    Generally, an eligible donee is a registered charity that is in good standing with the Canada Revenue Agency, and that has more than half of its directors at arm's length with each of the directors of the charity gifting to it.

  • Financial information

    Financial information includes: annual financial statements, copies of official donation receipts, copies of annual information returns (Form T3010, Registered Charity Information Return), general ledgers, bank statements, revenue and expense account details, documents supporting GST/...

  • Accountability

    The responsibility of a foundation/organization to publicly disclose information on their activities, particularly justification for financial activities and the decisions surrounding them. (Philanthropic Foundations Canada)

  • Registered

    An organization has applied to the CRA and received approval as meeting the requirements for registration as a charity, and has been issued a charitable registration number. A registered charity is exempt from paying income tax and can issue official donation receipts for gifts it receives....

Pages

Share this resource