The Public Guardian and Trustee has issued a statement in response to a CCCC inquiry about whether Ontario charities can access restricted purpose funds during COVID-19.
Charities will be permitted to access and use the funds subject to certain conditions. Below is the PGT response in full, listing the necessary conditions to access restricted funds.
Originally posted March 30, 2020 @ 11:15am; updated March 31, 2020 @ 7:45am
Noteworthy is provided for general information purposes and does not constitute legal or professional advice. Every organization’s circumstances are unique. Before acting on the basis of information contained in this blog, readers should consult with a qualified lawyer for advice specific to their situation.