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The founder of a Canadian charity that encourages people to donate their money in the form of "flow-through shares" has died at the age of 84, the Ottawa Citizen reports.
Peter Nicholson, who founded theWealth Creation Preservation and Donation (WCPD) charity in the early 1970s, was known for his generous donations and for being a champion of the arts.
He died of complications from Parkinson's disease, according to the CBC.
His wife, Anabel Bane, tells the Ottawa Citizen that he had a nervous breakdown a few years ago and needed a wheelchair to get around.
So the couple founded WCPD, which encourages Canadians to donate their money in the form of "flow-through shares," the CBC reports.
The shares are traded on the stock market and the money is tax-deductible.
According to WCPD's website, its clients include some of Canada's most high-profile philanthropists.
"It's a phenomenal event," Nicholson tells the CBC.
"It's probably one of the best events of the year in Ottawa."
The AFP Ottawa Philanthropy Awards, now in their 29th year, are "full of heartfelt acceptance speeches, inspiring messages, and moments of reflection," the Ottawa Citizen reports.
This year's winners include
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Foundation: Headwaters Foundation for Justice, MacArthur Foundation, Marguerite Casey Foundation, Marguerite Casey Foundation
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