▲ 2 r/Philanthropy
Foundation behind former largest Canadian gift in history to end partnerships, transition to ‘personal philanthropy’
A Canadian foundation known for its educational scholarships to students announced on Monday that it would be winding down its active grantmaking operations and transitioning into a “vehicle for [the directors’] personal philanthropy.”
The McCall MacBain Foundation, established as a “time-bound effort,” plans to cease granting by the end of 2027. It will announce major gifts to a few existing partners, after which it will look to conclude partnerships, they said in the statement
Founded by John and Marcy McCall MacBain in 2007 after the sale of a media company, the foundation also focused on funding environmental and health initiatives.
u/FutureOfGoodCA — 4 days ago