The Walrus wins charitable status
The Walrus Foundation, according to a report in today's Globe and Mail has been granted charitable status. This clears the way for it to receive transfers of much-needed cash from the private family Chawkers Foundation. Publisher Ken Alexander is due congratulations for a) his perseverance and b) his faith. Presumably, he will be able to recover some of the reported $2 million in personal assets that he has advanced to the magazine while the turndown for status was appealed. It's not known if the Canada Revenue Agency will treat this decision as a precedent, but it is quite probable that a number of other magazines, including Maisonneuve from Montreal, will be at the agency's door waving it as though it were.