Capital fund

Summary policy

The information on this page applies only for fiscal periods ending before March 4, 2010.

Date
September 3, 2003 (Revised September 13, 2005)

Reference number
CSP-C15

Key words

Capital fund - Enduring property

Policy statement

A registered charity can solicit donations to set up a capital fund for its ongoing activities. Under the Income Tax Act, gifts of capital received by way of bequest or inheritance and gifts received subject to a trust or direction that they be held by the charity for 10 years or more are generally excluded from a charity's disbursement quota because they meet the definition of enduring property. A charity can accumulate such funds without the Canada Revenue Agency's written permission.

Report a problem or mistake on this page
Please select all that apply:

Thank you for your help!

You will not receive a reply. For enquiries, contact us.

Date modified: