"Particularly disturbing is the CCRA [Canada Customs and Revenue Agency] regulation regarding disbursements. Right now for endowed funds, CCRA indicates that we must grant 4.5% of our asset value,"

NEWS FLASH!



The Charity Village
November 4, 2002
Funder Focus: Trevor Forrest and The Saskatoon Foundation
By Nicole Zummach

For the full story please go to http://www.charityvillage.com/archive/acov/acov02/acov0244.html

Mr Trevor Forrest seems to be disturbed by the fact that the CCRA [Canada Customs and Revenue Agency] has a regulation regarding disbursements. CCRA indicates that endowment funds must grant 4.5% of our asset value,"


Most charities give away 100% of the money donated, but Mr. Forrest seems to be upset that his organization has to give away 4.5%!

Here is Mr. Forrest's email address - write to him and tell him what you think.

trevor.forrest@thesaskatoonfoundation.ca.