Tuesday, November 22, 2005

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.


Anonymous Anonymous said...

This is good news for The Walrus, and depending on the charitable objects they agreed to to get the designation, could be good news for Canadian magazines. However, publishing a magazine is hard enough - its a shame that magazines are the only cultural product in Canada that must sing AND dance for their supper. Nonetheless, clearly someone in Ottawa is warming up to our value

5:27 pm  
Anonymous Anonymous said...

Hooray for the Walrus. But I think I'll hold my applause until all the magazines whose status is in the limbo of "under review" or "challenged" receive word from CRA that they are recanting fully their position that magazines are not an educational forum.

5:50 pm  
Anonymous Anonymous said...

Who you calling "challenged"?!

9:08 pm  
Anonymous Anonymous said...

This is great news for the Walrus, and I'm happy for them, and particularly the writers and vendors who are owed money. I'm assuming this is good news for other worthy magazines too. But still waiting to hear how a magazine that slags the Prime Minister on the cover of its launch issue gets this done?

6:22 am  

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