When an Advantage is not an Advantage By: Arthur Drache Everybody who raises funds in Canada for a charity presumably is aware of the fact that when a gift is made, a receipt can be issued for the full amount minus any advantage which accrues to the donor. So, for example, if a donor gives […]
Unpaid Pledges
By Arthur B.C. Drache, CM, QC Several recent articles in the Globe and Mail dealt with the apparent failure of some major donors to honour pledges made in conjunction with the expansion of the Royal Ontario Museum in Toronto. A Globe and Mail investigation[1] showed the Royal Ontario Museum is still owed $23 million in unpaid […]
