Grant and Funding Programs Offered by The Altruly Foundation

The Altruly Foundation is a Canadian registered charity (CRA registration number 755780095RR0001) that owns and operates the Altruly platform. It functions as a CRA-registered public foundation, enabling individuals and other donors to centralize their giving in one account and support a wide range of qualified donees across Canada. Donations made through Altruly are received directly by the Foundation and become its property, to be used solely for charitable purposes.

Through the platform, donors can support more than 85,000 registered Canadian charities. Contributions are made to the Foundation on an irrevocable basis, and the Foundation issues official donation receipts in accordance with Canadian tax law. Funds can be invested on a tax-free basis within the Foundation before being granted out, allowing donors to plan and potentially grow their charitable impact over time.

Altruly accounts are record-keeping tools that track donations received, grants issued, and internal transfers between accounts. Donors may submit non-binding recommendations on how the Foundation should allocate grants among qualified charities. However, to comply with charity law, the Foundation must independently review and approve each grant, and it always retains final authority over whether, when, and to whom funds are distributed.

All donations to The Altruly Foundation are structured as unrestricted gifts. This gives the Foundation full legal control over the funds, while obligating it to use them exclusively for charitable purposes that align with its mandate and Canadian regulatory requirements. If an account is ever closed, any remaining balance is distributed by the Foundation to one or more qualified charities, again in line with its charitable purposes.

The Altruly Foundation emphasizes compliance with Canadian charity law and oversight by the Canada Revenue Agency. It maintains detailed internal records of all donations and grants, ensuring that every disbursement is traceable and consistent with its legal obligations. The public-facing platform offers donors permanent access to their giving history and receipts, while the Foundation’s governance structures guide how investments are managed and which organizations are eligible to receive funds.

Overall, The Altruly Foundation acts as an intermediary and steward of charitable capital, combining the flexibility of a modern online platform with the regulatory framework of a Canadian public foundation. Its funding activities focus on channeling donor-advised recommendations into compliant grants to registered charities across the country.