Investment & Disbursement Survey Executive Summary: 2018-2020

This report presents the results of a member survey conducted by Millani Inc. on behalf of Philanthropic Foundations Canada (PFC) in May 2021, capturing FY 2018 to FY 2020 data from 93 foundations. To further contextualize the questionnaire, Millani conducted eight interviews and three focus group sessions with a sampling of PFC members. The purpose of the survey was to assess members’ views regarding three specific areas:

1. Management of Investment Portfolios and Performance
2. Potential Changes in the Disbursement Quota (DQ) and Charitable Expenditures
3. Responsible, Impact- and Mission-related Investments