Increasingly, charities are looking at using their funds and other resources to contribute to positive social change, as well as to obtain a financial return. But does the law permit them to do so?
Are charities legally permitted to make impact investments with their funds? Yes, but, getting to "yes" is not straightforward, and depends on the circumstances.
When organizations seek charitable registration from government, they necessarily accept oversight by a government agency that, in an atmosphere as poisonous as Canada's these days, can overreach.
David J. Climenhaga
An Edmonton researcher has filed a complaint in Alberta, arguing that by campaigning against Tides Canada's charitable status, the Ethical Oil Institute is violating its Memorandum of Association.