BCBusiness
According to our audit, charitable giving has had its fair share of ups and downs in our province
There are approximately 85,000 registered charities in Canada:
1. An anonymous donor gave $33.8 million to the VGH + UBC Hospital Foundation in 2022 to support multiple sclerosis research and care, the world’s largest known donation to fight the disease.
2. Investors Henry and Mary Rempel left a property portfolio assessed at $229.6 million to the Mennonite Central Committee B.C. following Henry’s passing in June 2023.
3. Eric Peterson and Christina Munck donated $92 million earlier this year to their own environmental and health charity, the Tula Foundation, with the last of the proceeds of the 2001 sale of their medical imaging company, Mitra. Their hope is to make the foundation self-sustaining.
57% of Canadian charities say they lack the resources to meet current demand.
Philanthropy is correlated with social connection: 84 percent of people who report having 7-10 close friends donate to charity, while 53 percent with 0 or 1 close friends do.
Sources: CanadaHelps, Ipsos, Statistics Canada, VGH + UBC Hospital Foundation, media sources, Philanthropy Roundtable
Michael is a financial journalist based in the Cowichan Valley. He's a former managing editor of Canadian Business and editorial director of Canada Wide Media, BCBusiness's publisher. In 2024, he co-authored Personal Finance for Canadians for Dummies, 7th Edition (Wiley, 2024).
Get the latest headlines delivered to your inbox 3 times a week, and you’ll be entered to win a pair of Kanto’s newest compact desktop speakers—Uki in the colour “Chalk,” as well as a pair of SU2 stands. Prize value is $330 CAD. Each newsletter subscription = 1 entry. Giveaway closes December 12. The winner will be contacted by an @canadawide.com email. Contest is only open to Canadian residents, excluding Quebec.