How are donations for appeals managed?
When disasters strike or crises develop in Canada or around the world, the Red Cross may appeal for funds in order to provide emergency relief to vulnerable people. The Canadian Red Cross Society values your financial support and undertakes to ensure the best possible use of a donationbe it private, corporate or government in nature. Donations are held within a fund and safeguarded until disbursed for the purposes for which they were donated. Apart from sums required to defray administrative and operational costs incurred by the Red Cross in responding to the disaster, all funds are disbursed in a timely manner to assist those in need. Funds that are not required for immediate use are invested in a manner that is consistent with the statement of investment policies approved by the National Audit and Finance Committee of the Society, All funds are accounted for in accordance with Generally Accepted Accounting Principles in Canada.
