OTTAWA, March 5 /CNW Telbec/ - Measures announced in yesterday's federal budget will eliminate red tape for charities across the country allowing them to better serve communities and individuals in need, says Community Foundations of Canada, the membership association for more than 170 community foundations from coast to coast.
"This move is a win-win situation - it has a dramatic impact on communities, making it easier for charities to serve people in need, but it doesn't affect the government's bottom line," says Monica Patten, President and CEO of Community Foundations of Canada (CFC). "We applaud the government's decision to reform the disbursement quota policy."
Charities will continue to be accountable to donors and their communities, but the new measures will strengthen the ability of frontline organizations to focus on their important work, rather than on complicated rules and structures. Community Foundations of Canada has actively supported these changes, in conjunction with partners like Imagine Canada.
"We have been working closely for some time with Canada Revenue Agency and Imagine Canada on this issue. This reform is extremely welcome news and our association is eager to assist in its implementation," said Patten.
About Community Foundations
Canada's 170 community foundations are local charitable foundations that help Canadians invest in building strong and resilient places to live, work, and play. They are one of the largest supporters of Canadian charities, providing $165 million to local organizations in 2008.
SOURCE Community Foundations of Canada
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