“In-child contribution” (contribution in kind) refers to a contribution of material, goods, services or time that can be attributed to a dollar value, which would otherwise be purchased and paid for by the organization to obtain the results of the project. These costs must be eligible under the agreement and must be accounted for at a fair value agreed by the Department. A contribution agreement is a legal document that defines the terms of transfer of an asset from one party to another.3 min. “Ultimate Recipient” – refers to the person or organization that has signed a sub-agreement and receives a portion of the contribution to execute a sub-project under the agreement. “eligible costs” (eligible costs) – these costs, which are reasonably and regularly borne and paid for by the organization; ultimate beneficiaries and local partners or in-kind contributions related to Schedule C in the project description – Appendix A, as stated in the project budget – and in accordance with the principles set out in Article 1 of the Financial Terms – Appendix B. FALLACY #4: WE Charity Foundation, the organization we used to sign the CSSG contribution contract, is a single shell company used for the holding of real estate. “Because of the speed with which the programme had to be launched and implemented, we acted in good faith to implement these measures before this agreement was concluded and signed,” he said. Forming a contribution agreement requires several steps to ensure that everything is included. It would therefore be imprecise to link the charity`s financial status to the awarding of the CSSG contribution agreement to WE Charity. In addition, we Charity would only be compensated for expenses for the provision of CSSG, as is clearly stated several times in the CSSG contribution agreement, and the organization was not prepared to benefit in any way.
“You have signed a contribution agreement with a real estate holding company. As in the name of God, is it a credible decision by the Canadian government to transfer $1 billion to a group very close to you and your family? “,” said NDP MP Charlie Angus. WE`s role did not allow for “profit” (by definition, a charity cannot generate or earn profits) or financial gain for the organization. The contribution agreement contains 26 references to the fact that we would only be reimbursed for “eligible expenses” as defined in the agreement. To be eligible, expenses must be “directly related to the completion of the project.” Regardless of the date of its signing, the agreement states that it came into force on May 5. It defines the work that WE should do before the public announcement of WE Charity`s participation on June 25. “The Public Service has been working to find the best implementation of this program and has worked with WE to develop the contribution agreement… It is clear that the program has not evolved as planned,” he said. “Support documentation” (support documents) – is not limited to: original cheques, invoices, bank statements, receipts, contracts, leases and tables of working time or other data proving the actual cost of the organization. The term also includes cancelled cheques, bank projects and other forms of data in support of payments.