Ottawa’s approach to supporting charitable media foundations is uncharitable – and self-defeating GlobeDebate
. André Ryan is chairman of the board of directors ofWhen the federal government released details about its plan to support media organizations with a five-year, $595-million package of tax credits, we were shocked. While media organizations are allowed to apply for charitable status to receive donations and issue tax receipts to donors, as of right now, only non-profits that produce original content will be allowed to issue such receipts.
The group recommends amending the law to allow such groups to be recognized as qualified donees, for tax purposes. We cannot emphasize how important this is. Le Devoir and Les amis du Devoir represent two of the three pillars in our governance structure. The last, but not least, is Le Devoir Trust. This entity holds a controlling interest in Le Devoir and acts as a watchdog to ensure that Le Devoir remains fully independent and faithful to its original mission, in pursuit of the common good.
According to our estimates, recognition of Les amis du Devoir as a charity would allow us to raise between $750,000 and $1-million per year on a recurring basis, compared with the current average of $500,000 per year. We are aware of donors who are holding off giving some $500,000 over the next five years until such time that Les amis du Devoir is recognized as a charity.
مصر أحدث الأخبار, مصر عناوين
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