What is a public fund?

Public funds for DGR purposes fall under two types:

  • funds established and controlled by government or government authorities
  • funds to which the public is invited to contribute and in fact does contribute.

A public fund may be established as a separate entity, for example under an instrument of trust, or as part of a sponsoring organisation.

There are special requirements applying to some public funds.

See also:

Which DGRs must be public funds?

Various DGR categories require organisations to establish a public fund to receive tax deductible gifts and contributions to be applied for the purposes described in the DGR category.

Examples are:

  • school building funds
  • overseas aid funds
  • necessitous circumstances funds
  • scholarship funds
  • war memorial repair funds
  • fire and emergency services funds.

See also:

    Last modified: 12 Oct 2016QC 26411