Budgeting for greater disbursements in 2023

Mark PetersenDisbursement Quota

Changes to the Disbursement Quota (DQ) will impact private foundations as they budget for their giving in 2023. Imagine Canada advises private foundations to consider new legislation coming into effect next year. They state: As per the Federal Budget released in April 2022, the disbursement quota – the percentage that registered charities such as foundations are required to disburse each … Read More