Allocation Policy

The Green Offsets Foundation of Canada

Purpose

This Allocation Policy establishes how funds received by The Green Offsets Foundation of Canada are allocated to ensure transparency, accountability, and alignment with the Foundation’s charitable purposes.

Fund Categories

• Designated City Funds – Donations directed to a specific municipality or transit system will be allocated to that city’s approved zero-emission bus or related decarbonization project once a formal partnership is established.
• General Fund – Donations directed to cities not yet partnered are collected in the General Fund until a partnership is confirmed.
• Administrative Reserve – A modest portion of funds may be allocated to administrative and operational expenses necessary to support the charitable mission, in compliance with CRA regulations.

Initial General Fund Allocation

General Fund (GF) resources collected prior to the Foundation’s first formal municipal or transit partnership will be allocated to that first approved partner. Thereafter, General Fund resources will be allocated in accordance with the Fund Categories and Allocation Principles set out herein.

Allocation Principles

• All allocations must support the Foundation’s stated charitable purpose of reducing greenhouse gas emissions through zero-emission public transit initiatives.
• Funds will only be disbursed following appropriate due diligence and written agreements with recipient municipalities or transit authorities.
• The Foundation will maintain clear accounting records separating designated funds from General Fund resources.
• The Foundation will provide public awareness regarding funded projects and report on measurable environmental impact.

Approved by the Board of Directors

Effective Date: ____________________