The charitable purposes of the Foundation are those reproduced exactly from its current articles, letters patent or articles of continuance accepted by the CRA: [Insert the Foundation's exact registered charitable purposes]. 

The objects of the Foundation shall be limited to carrying on purposes which entitle the Foundation to become and remain a "registered Canadian charitable organization or public foundation" as defined by the provisions of the Income Tax Act (Canada).

Each year, the Community Foundation will allocate salaries and benefits to its charitable, fundraising and management functions, based on job descriptions, and prorate the operating expenditures on either a direct or prorated basis based on the salary allocation. This information will be conveyed to the auditor.

Canadian Law and Regulatory Compliance

The Foundation's charitable purposes are the exact purposes in its current governing documents accepted by the CRA. A mission statement, website description or strategic objective does not amend those purposes. Any proposed change to the purposes or activities will be reviewed by charity counsel, approved under the governing statute and reported to the CRA before implementation when required.

The Foundation will devote its resources to charitable activities carried on by it and to qualifying disbursements. It may make gifts to qualified donees. It may also make grants to non-qualified donees where the grant furthers the Foundation's charitable purposes and the Foundation meets the Income Tax Act documentation and accountability requirements. When a non-qualified donee carries on the Foundation's own activity as an intermediary, the Foundation will maintain direction and control and adequate books and records.

Application note: This template must be read with the Foundation's articles, bylaws, gift terms and the federal, provincial or territorial laws that apply to its incorporation, activities and operating jurisdictions. Organization-specific facts and provincial requirements require lawyer confirmation before adoption.

Monitoring: This policy will be reviewed when there is a significant change in the Foundation's operating expenditures or when the Foundation's charitable purposes change.

Board Acceptance: This policy was approved/reaffirmed at the _______  Board meeting