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EP2. When are gifts of enduring property (excluding inter-charity transfers) included in a registered charity’s disbursement quota?Gifts of enduring property (for example, bequests or 10-year gifts) are only included in the disbursement quota when a charity spends or transfers some or all of this enduring property. However, such gifts must be considered when calculating the average value of property for a charity’s 3.5 per cent disbursement quota requirement.
(Reprinted with permission from Info Sheet #12 Enduring Property by Charities Files)