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GRANTS TO CHARITIES AND OTHER QUALIFYING DONEES Q. What is the source of grant money in a CGF?

April 26, 2017CGF Charities donees Grants money Qualifying source

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GRANTS TO CHARITIES AND OTHER QUALIFYING DONEES Q. What is the source of grant money in a CGF?

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A. Grants will be disbursed from the spendable portion of assets, net investment income (namely interest and dividends) and non-spendable property in the Fund to the extent permitted by CRA regulations under the Donor’s signed direction.