Philanthropy in Ottawa: Indigenous youth get assist from former NHL players

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BY: Sam Laprade for Ottawa Business Journal Who: Former NHL players John Chabot and Shawn Rivers  The goal: $100,000  The recipients: Indigenous youth via First Assist The inspiration: “I am Indigenous and I feel it is important to give back. Although the graduation rates in the Indigenous communities we work in have greatly improved, we are still well below…
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WCPD Foundation Proudly Presents Semi-final round of the Concours Musical International de Montreal, 2021

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Considered as one of the great cultural achievements in Canada, the CMIM (Concours musical international de Montréal) is a non-profit organization whose mandate is to raise awareness for classical music through the discovery of young talent in an international competition context. The CMIM also seeks to support young musicians from all over the world who wish to pursue an international…
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Philanthropy in Ottawa: Local lawyers raise the bar for the Ottawa Food Bank

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BY: Sam Laprade for the Ottawa Business Journal https://obj.ca/article/local/philanthropy-ottawa-local-lawyers-raise-bar-ottawa-food-bank Who: Several Ottawa law firms and the County of Carleton Law Association The donation: $98,000 The recipient: The Ottawa Food Bank The inspiration: “The need in Ottawa has never been greater. Although the event has been running for a few years, all of us in the law community knew this…
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BHP moves nickel and copper HQ to Toronto as Canada emerges as new clean-tech mining hotspot

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Both metals expected to see increased future demand due to electric vehicle industry growth Author of the article: Gabriel Friedman – Financial Times Australia’s BHP Group Ltd. is moving its exploration headquarters for nickel and copper — two metals expected to see increased future demand because of electric vehicle industry growth — to Toronto. The…
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Tobi Lütke and Fiona McKean support community COVID-19 relief efforts

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BY: Sam Laprade for Ottawa Business Journal. Who: Fiona McKean and Tobi Lutke, Thistledown Foundation  The donation: $750,000 The recipients: United Way East Ontario, Ottawa Food Bank and Community Foundation of Ottawa  The inspiration: “We’re not out of the woods yet but there is hope on the horizon. Let’s do this.” – Fiona McKean, founder and chairperson, Thistledown…
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New Study: Ongoing Impacts of the COVID-19 Crisis On the Charitable Sector

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Nearly a year into the pandemic, how does the COVID-19 crisis continue to affect charities’ ability to carry out their mission? While most charities have been able to adapt and innovate to continue to offer services and programs to their communities since the onset of the pandemic, the situation remains challenging. For the vast majority…
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Support for STEM blooms at Algonquin thanks to Leacross Foundation

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Who: Roslyn Bern, president, Leacross Foundation     The donation: $60,000 The recipient: Algonquin College    The inspiration: “Algonquin College’s mission is to transform hopes and dreams into lifelong success, and through the commitment of the Leacross Foundation, our female students can realize their dreams in science, technology, engineering and math careers.” – Mark Sakenkoff, vice-president of…
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Kinaxis supports struggling music industry with funding for virtual concert series

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BY: Sam Laprade Who: John Sicard, CEO, Kinaxis The sponsorship: $250,000 The recipient: Canadian Live Music Association The inspiration: “People matter here. Music matters here. We needed to demonstrate our commitment to the music industry as a whole including the people behind the scenes and the artists themselves.” – John Sicard, CEO, Kinaxis Canada’s live…
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Are flow-through share investments right for you?

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By: Jim McConnery, CPA, CA, TEP  Partner jmcconnery@welchllp.com 613-236-9191 #529 Our tax regime includes an interesting opportunity for taxpayers who acquire newly issued Flow-Through Shares (“FTS”) from Canadian resource companies. Based on meeting specific requirements, the investor is allowed to deduct the cost of the investment against taxable income, provided that the underlying company spends…
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Donors breathe life into ventilator project

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BY: Jeff Todd Arthur McDonald is unique in his appreciation for philanthropy. After all, he wasn’t born a Nobel Prize-winning physicist. Before reaching the pinnacle of his profession in 2015, McDonald was the recipient of an endowed chair at Queen’s University, courtesy of philanthropists Gordon and Patricia Gray, giving him the opportunity to pursue cutting-edge…
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