• Bequests

    A bequest is property a registered charity receives from the will of a deceased person. (CRA : Charities Glossary)

  • Minutes

    Minutes are a written record of the matters discussed, and decisions made at a meeting. They are based on notes taken - usually by the individual designated as Secretary - and are generally presented to a subsequent meeting of the same group for approval. Once approved, a copy of the minutes is...

  • General ledger

    The general ledger is the main financial record for summarizing all of an organization’s financial transactions, and is the basis for preparing all of its finanical statements and reports.

  • Charitable organization

    is established as a corporation, a trust, or under a constitution; has exclusively charitable purposes; primarily carries on its own charitable activities, but may also gift funds to other qualified donees, (e.g., registered charities); more than 50% of its governing officials must be at...

  • Sponsorship

    Sponsorship occurs when a business makes a donation to a charity and in return receives advertising or promotion of its brand, products, or services. Generally, tax receipts cannot be issued for sponsorships. However, the cost of the sponsorship to the business is generally considered a tax-...

  • Gift in kind

    A gift in kind is a gift other than cash.

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