Beaconsfield, QC – Jan 16, 2012 - The Humanitarian Wealth Distribution Fund, a leading high school mentorship and tutoring provider in Montreal is pleased to announce its approval from the Canada Revenue Agency as a federally registered charity.
“Getting our papers and registration number has been at the top of our priorities since early Q4″, says Sameer Soni, President & CEO of the HWDF. “The challenge is always to establish a reputation for what we’ve been trying to do here, and I think the crew really deserves this one. We look forward to growing our programs for the rest of the scholastic year and have some high expectations for them…I couldn’t have asked for a better group of people around me.”
As you may know, the approval of the HWDF has several implications which include improved transparency with the Canadian Government through several annual reporting requirements, the ability to offer tax receipts to donors, and will likely benefit from reduced fees from several ongoing partnerships.
About The Humanitarian Wealth Distribution Fund
The Humanitarian Wealth Distribution Fund is a Canadian registered charity with the ultimate focus of developing and administering educational initiatives in Canada. Its flag ship programs are Nexus Tutoring and Mentoring, both with a concentration on the Montreal high school population. Through the use of traditional fundraising in combination with micro-investment principles, the foundation is able to sponsor its educational focus with the use of advanced technologies and software such as the Nexus Core, best of breed tutors/mentors, passionate volunteers, and a minimized administrative dollar burden.
About the Canada Revenue Agency
The Canada Revenue Agency (CRA) (formerly Revenue Canada and the Canada Customs and Revenue Agency) is a federal agency that administers tax laws for the Government of Canada and for most provinces and territories, international trade legislation, and various social and economic benefit and incentive programs delivered through the tax system. It also oversees the registration of charities in Canada, and tax credit programmes such as the Scientific Research and Experimental Development Tax Credit Program.
