Representing a collective $42 billion in 2019, these 14 charitable foundations are among the largest in the country, founded by some of the biggest names in Canadian business. From 2018 to 2019 alone, their collective investable assets grew a whopping 43 per cent, from $29.3 billion to $41.2 billion. But in 2019, none of them met the Canada Revenue Agency’s minimum threshold for running charitable programs and making gifts to other charities.
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
MindGeek payouts to owners grew amid scrutiny over illegal content, new filings show
Canadian market and government veterans launch new ESG hedge fund
Ontario passes Working for Workers Act
Ontario Teachers’ to buy 50% stake in renewable-asset portfolio
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.