Media Releases
April 29, 2008
Sport Manitoba Establishes National Sport Trust Fund in Province
A common challenge for sport organizations is to find ways to increase revenue generating opportunities in order to meet increased demands of providing quality programs and services.
Sport offers many opportunities for giving whether it’s athletes needing assistance, a scholarship program or a capital campaign to build new facilities but has been restrained in its efforts because of an inability to issue tax receipts. The Canada Revenue Agency does not view the sport sector as a charity.
This is all about to change for sport organizations in Manitoba and those wanting to contribute to the growth and maintenance of a strong and healthy community through increased participation in sport with Sport Manitoba’s introduction of the National Sport Trust Fund (NSTF).
The National Sport Trust Fund permits sport organizations from across Canada to raise funds for specific causes that will promote the development of amateur sport on a national level. The initiative will enable Sport Manitoba, its sport partners and their member clubs to establish revenue generation programs for which a charitable tax receipt can be provided for qualifying donations. This is possible because the Canada Revenue Agency does recognize national sport organizations as qualified donees by issuing Registered Canadian Amateur Athletic Association (RCAAA) numbers.
Each project will need to meet minimum participation requirements and submit an application form to the NSTF Manitoba Chapter for approval prior to the project start.Complete program details and specific application information will be available on the Sport Manitoba website – www.sportmanitoba.ca - on May 9th.
