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THE WATCHDOG

BC Govt announces new bill to protect donor's money

Posted By: Emma Vandewetering
Date: Thursday, 7 October 2004, at 5:37 p.m.

INFORMATION BULLETIN

For Immediate Release

2004AG0036-000801

Oct. 7, 2004
Ministry of Attorney General

ACT PROTECTS CHARITABLE DONATIONS

VICTORIA – Attorney General Geoff Plant introduced Bill 63, The Charitable Purposes Preservation Act in the Legislative Assembly today.

The act responds to uncertainty in the law arising from recent litigation. It is intended to ensure a balance between the interests of donors and charities, and the interests of those to whom a charitable organization is indebted or liable.

The new act will allow a donation to a charity for a specific charitable purpose to be used exclusively for that purpose; and protect the donation from being used to satisfy unrelated debts or other liabilities of the charitable organization.

This will require that donations of property or money given for a specific charitable purpose to be kept and administered separately from other property, and used exclusively for the specified purpose.

Messages In This Thread

BC Govt announces new bill to protect donor's money
Emma Vandewetering -- Thursday, 7 October 2004, at 5:37 p.m.
We know that the SPCA has taken money for special purposes and put it into general revenues for a long time
AAS -- Friday, 8 October 2004, at 10:38 a.m.
Excerpt letter sent by B.C. SPCA president Michael Steven to branch board of directors
Pat Bentley -- Friday, 8 October 2004, at 3:06 p.m.
I have requested a copy of Bill 63
Jean Martin -- Saturday, 9 October 2004, at 5:10 a.m.
NEW: Retroactivity of Bill 63
Mike Stephen -- Thursday, 14 October 2004, at 9:27 a.m.