Securing The Walrus

“The Walrus Foundation has finally obtained charitable status from the federal government, assuring the future of The Walrus magazine. The award-winning magazine, when launched in Sept. 2003, had proclaimed itself Canada’s Harper’s, Atlantic and Mother Jones — essential U.S. periodicals that are also supported by non-profit foundations. The Walrus was underpinned by $1 million annually for five years, to come from the Montreal-based Chawkers charitable foundation. But the money could not flow to the Walrus Foundation until its charitable status, too, was confirmed by Revenue Canada.”