The founding of a new charity is often a cause for celebration, but when an organization decides to close its doors for good, people aren't as vocal about the process. Still, there are steps involved and legal requirements that must be met. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, discusses some of the reasons why charities dissolve, what is required to do so, and what to consider when facing this decision.
Planned (or deferred) giving can be an excellent way to donate to charity, but not everyone understands the many options available to them...and that includes the charities! In our miniseries about the legal side of planned giving, Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, offers advice on accepting and giving planned gifts. In this installment, he explains how art is appraised for tax receipt purposes, the advantages of lending art to a charity, and the special considerations for Canadian art.
To receipt or not to receipt, that is the question. Well, actually, that's just one of the questions that crops up when a charity receives a donation. Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, reviews the CRA requirements for official donation receipts, the penalties for non-compliance, and some of the common questions that charities face when accepting gifts from donors.
Your organization may be doing great work in the community, but would it pass the CRA's public benefit test? Adam Aptowitzer, a lawyer with the Ottawa-based law firm Drache LLP, explains what the test is and what it actually means to provide 'tangible' benefits to the public.
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