March 20, 2018 at 1:49 pm
#8254
volvicadmin
Keymaster
Thanks Kent, believe it or not, only Revenue Canada explicitly states that an organization is either a non profit or a Charity – and they explain the difference. I used the terms non profit and charity interchangeably for decades and only when forced to think about it through a governance lens was it useful to know the difference. Yet, I do think funders and donors need to know so that they can make decisions about where to give.
Your Constitution should not include your non profit or Charitable status – primarily because charitable status can be lost or not renewed voluntarily, and then a Charity defaults to being a non profit.
I love these nerdy details!
Cheers, Lisa