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Do you agree with a salary cap of $250, 000 in the not-for-profit sector?

Do you agree with a salary cap of $250, 000 in the not-for-profit sector?. Bill C-470.

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Do you agree with a salary cap of $250, 000 in the not-for-profit sector?

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  1. Do you agree with a salary cap of $250, 000 in the not-for-profit sector?

  2. Bill C-470 • amends the Income Tax Act to revoke the registration of a charitable organization, public foundation or private foundation if the annual compensation it pays to any single executive or employee exceeds $250,000 http://weblogs.cltv.com/news/local/chicago/Money%2520stacks.jpg&imgrefurl

  3. Bill C-470 • drafted by Liberal AlbinaGuarnieri • second reading in house of Commons April 21 2010 • 280 members of parliament voted for the bill and only 3 against www.albinaguarnieri.com/images/top2.jpg&imgrefurl

  4. Reasons For

  5. “Seven thousand years is how long it would take for a typical $30-a-month donor to the Sick Kids Foundation just to pay the salary and severance of its CEO” • AlbinaGuarnieri

  6. Reasons Against

  7. A cap does not exist in other sectors • T3010 already requires Canadian charities to disclose top ten highest paid employees • High salaries needed to attract top fundraising talent • Important for hospitals, universities and researchers http://selfishgiving.com/secure/wp-content/uploads/2010/02/Hospital-entrance-sign.jpg&imgrefurl

  8. How many Canadian charities do you think have employees earning over $120, 000? 1800

  9. 2009 Annual Filings with CRA http://v1.theglobeandmail.com/servlet/story/RTGAM.20100414.escenic_1533823/BNStory/National/>.

  10. What can you do? • Stay Informed! • Research charities at: http://www.cra-arc.gc.ca/chrts-gvng/lstngs/menu-eng.html • Research government in relation to fundraising and the not-for-profit sector • Vote! • Monday, October 25 • Contact MP and Senator!

  11. Sources • Association of Fundraising Professionals. "Association of Fundraising Professionals - Greater Toronto Chapter: News and Announcements." Association of Fundraising Professionals - Greater Toronto Chapter: Home Page. 20 Aug. 2010. Web. 16 Oct. 2010. <http://afptoronto.org/index.php/news-and-annoucements/2010/08/20/391>. • Imagine Canada. "Bill C-470 Twelve Frequently Asked Questions." Imagine Canada. 14 May 2010. Web. 10 Oct. 2010. <http://www.imaginecanada.ca/files/www/en/publicpolicy/c-470_top12_qanda_14052010.pdf>. • Levy-Ajzenkopf, Andy. "Bill C-470: Transparency, Salary Capping or Knee-capping for the Charitable Sector?" Charity Village. 19 Apr. 2010. Web. 16 Oct. 2010. <http://www.charityvillage.com/cv/archive/acov/acov10/acov1012.asp>. • Mlumberg, Mark. "Letter from Imagine Canada on Bill C-470, Private Member’s Bill on Salary Cap - Blog - Global Philanthropy." Canadian Charity Law, International Development from Canada, Foreign Charities in Canada - Global Philanthropy. 09 Apr. 2010. Web. 16 Oct. 2010. <http://www.globalphilanthropy.ca/index.php/blog/comments/letter_from_imagine_canada_on_bill_c-470_private_members_bill_on_salary_cap/>. • Openparliament.ca. "Bill C-470 Openparliament.ca." Keeping Tabs on Canada’s Parliament |Openparliament.ca. Mar. 2010. Web. 16 Oct. 2010. <http://openparliament.ca/bills/2157/>. • Waldie, Paul. “Six Figure Salaries the Norm at Top Charities.” Globe and Mail. 14 Apr. 2010. Web. 16 Oct. 2010. <http://v1.theglobeandmail.com/servlet/story/RTGAM.20100414.escenic_1533823/BNStory/National/>.

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