SoVote

Decentralized Democracy
  • Mar/24/22 2:00:00 p.m.

Senator Gold: Senator, thank you for your question. I don’t know the answer to that. I will have to undertake to try to find the answer.

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  • Mar/24/22 2:00:00 p.m.

Senator Loffreda: Thank you, Senator Gold, for that answer.

We know that most charities and foundations meet or exceed the disbursement quota, and that a reduction is available for those unable to meet the minimum amount of 3.5% due to circumstances beyond their control.

Are you able to provide us with statistics with respect to the number of charities that have been unable to meet the disbursement quota in recent years? Why are some charities unable to meet that minimum disbursement quota requirement? And what can be done to alleviate the pressure on them and have society benefit from their contributions?

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