More next-generation family members, women and new Canadians are making mark on large-scale philanthropy
canadianfamilyoffices.com
Kathy Kerr •Nov 14, 2023
''Larger donations generally go to major institutions such as universities and hospitals, says Sharilyn Hale, president of Watermark Philanthropic Counsel in Toronto. “These organizations offer large-scale visions … and the capacity to absorb and manage significant philanthropy,” she says.
But change is coming. Increasing numbers of women, next-generation family members and first-generation Canadians have begun making their mark on large-scale philanthropy, Hale says. Members of the rising generation are telling her that they want to make their own mark in their own way.''
''Jonathon Sherman
In June, the Jewish Federation of Toronto announced Jonathon Sherman had donated $52 million to build an NHL-sized hockey arena north of Toronto to be called the Honey and Barry Memorial Arena in memory of Jonathan’s parents, Honey and Barry Sherman.
Honey and Barry were murdered in 2017 and the case remains unsolved.
“The arena announcement, of course, brings heavy emotions. At the same time, this week is really about celebrating my parents’ legacy of community leadership, rather than the tragedy and the unresolved case,” Sherman said in a statement to the Canadian Jewish News.
The Sherman parents had been generous to a number of Jewish, health care and education causes.''