Posts in Financial
Sharing good fortune

Significant gifts to charities help wealthy families pass on their values to the next generation

The world’s ultra-wealthy play a significant role in transferring some of their wealth to support charitable causes. In its latest report, the business intelligence firm Altrata notes that the ultra-high-net-worth people – those worth US$30-million or more – gave a total of US$190-billion to philanthropic causes in 2022, almost 25 per cent more than in 2018, and made up nearly 38 per cent of all individual giving.

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Donor trust crucial to fundraising efforts

Revised Code of Ethical Standards addresses social justice, racism and equity

The proliferation of misinformation and deception on the internet and elsewhere makes it “absolutely essential” for fundraising professionals to be able to show donors that they adhere to a strict and enforceable code of ethics, says Jennifer Johnstone, chair of the board of directors of the Association of Fundraising Professionals Canada.

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International Women’s Day

Picture a rural and remote region in the Atlas Mountains in Morocco, where village life is shaped by traditional and conservative norms that have historically meant that women miss out on economic participation. Against this backdrop, Barbara Grantham, president and CEO, CARE Canada, recently met a participant of the organization’s Women’s Empowerment through Sustainable Entrepreneurship (WESE) project.

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Open Banking in Canada: The Time is Now

There have been many conversations recently about Open Banking. For those who aren’t aware, Open Banking provides a secure way for consumers to control and share their financial data with third-party providers and ultimately benefit from a greater range of innovative financial services. According to the Berlin-based Open Banking Project, almost 100 countries have either adopted or are considering adopting some form of Open Banking this year. While this is undoubtedly the way of the future, here at home, Canadians are still waiting. A diverse chorus of voices have been advocating for action and notably, implementation of a hybrid, made-in-Canada solution, as per the latest report from the Government of Canada’s Advisory Committee on Open Banking.

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Celebrating the payroll professionals at the heart of business

The National Payroll Institute’s Portraits of Payroll program

Payroll professionals are typically used to working behind the scenes, quietly getting important things done with little attention on them and their efforts – as long as pay ends up in employees’ accounts. The National Payroll Institute had a different idea – creating its Portraits of Payroll program to shine a spotlight on the expertise and contributions of those who work in these pivotal roles in organizations across Canada.

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Time for change

Fundraising professionals urge the creation of a single secretariat for the charitable sector

Canada’s nonprofit sector makes up 8.4 per cent of GDP – more than oil and gas – and provides 2.7 million jobs, yet it continues to suffer from a Cinderella syndrome, unrecognized for its important place in the country’s economy and lacking representation at the highest levels of government.

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Putting consumer data preferences at the Core of Open Banking Strategy

With over 25 years of industry-wide expertise, Symcor enables secure data exchanges for many of Canada’s largest organizations. By developing solutions that address common challenges, Symcor provides both agility and security to meet evolving market needs. This critical balance is especially important as the country progresses on its Open Banking journey.

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Canadian companies explore global clean energy opportunities

The drive towards a net-zero global economy coupled with concern over energy security in Europe and elsewhere following Russia’s invasion of Ukraine has created a “generational economic opportunity” for Canada to become a clean energy and technology supplier of choice to the world, according to Natural Resources Canada (NRC).

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Legacy gifts support development projects well into the future

Ann Speak’s relationship with Cuso International began in the 1980s, when she spent two years as a volunteer in Nigeria. The experience was life-changing, she says, and it was the foundation of a strong bond with Cuso International that hasn’t wavered. Ever since, Ms. Speak has continued to be an active volunteer and donor, and she worked as a member of the organization’s staff as a fundraiser for 12 years.

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