[Foundation-l] bylaws (second call)
Ray Saintonge
saintonge at telus.net
Fri Aug 18 04:32:15 UTC 2006
Lars Aronsson wrote:
>Ray Saintonge wrote:
>
>
>>I have yet to see a clear rationale for a memberless Foundation.
>>In some jurisdictions such a concept is unthinkable.
>>
>>
>Really? Exactly which jurisdictions don't provide for memberless
>foundations? This news should be added to the article
>http://en.wikipedia.org/wiki/Foundation_%28charity%29
>
>If I could think of a single property that is unique for
>foundations, it is exactly this, that they don't have (or need)
>members.
>
The one characteristic that is unique to a charitable foundation is that
it distributes funds to others, and does not primarily perform the
charitable works itself. In Canada charitable designation is a federal
matter, and is in addition to whatever is done to constitute the
organization. It may be based on formal incorporation, an irrevocable
trust or an unincorporated organization. Unincorporated organizations
will normally only be practical for the smallest of charities, but even
there there is a provision that the benefits of the organization may not
accrue to the "members" See
http://www.cra-arc.gc.ca/E/pub/tg/t4063/t4063eq.html
Incorporation may be either Federal or Provincial but the law generally
requires that provision for members must be included in the by-laws.
For the British Columbia situation see
http://www.qp.gov.bc.ca/statreg/stat/S/96433_01.htm#section6
Ec
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