Monday, December 20, 2004

The Globe and Mail: Tax changes will spur bigger donations, charities say

The Globe and Mail: Tax changes will spur bigger donations, charities say: "A group of charitable organizations is pushing the federal government to change tax rules in order to encourage wealthy Canadians to make more big donations to private foundations.
'There is a higher level of trust in private foundations among affluent Canadians,' said Malcolm Burrows of the Canadian Association of Gift Planners which represents 1,250 fundraising executives.
The issue relates largely to donations of publicly traded securities, which have become a popular way for many individuals to make donations. Under current tax rules, stock donations to public foundations, such as local community endowments, receive a greater tax break than similar gifts to private foundations"

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