The Altruly Foundation Account Agreement
Last updated: February 1, 2026
This Account Agreement (the “Agreement”) is a legal agreement between you (the “User”) and The Altruly Foundation (the “Foundation”, “we”, “us”, or “our”).
By creating an account, making a donation, or otherwise accessing or using the Altruly System, you acknowledge that you have read, understand, and agree to be bound by this Agreement.
1. Definitions
In this Agreement:
- “Altruly Account” means an account established with the Foundation through the Altruly System for the purpose of recording Donations, Transfers, and Disbursements.
- “Altruly Account Identification” means the credentials authorized by the Foundation that permit access to an Altruly Account.
- “Altruly System” means the website located at altruly.com and all related software, databases, interfaces, processes, and information technology owned, operated, and controlled by the Foundation.
- “Designated Advisor” means the individual authorized by a User to provide non-binding recommendations to the Foundation regarding an Altruly Account.
- “Disbursement” means a payment made by the Foundation to a Qualified Recipient.
- “Donation” means an irrevocable gift of cash or other property made to the Foundation.
- “Qualified Recipient” means a qualified donee under the Income Tax Act (Canada), including registered charities, approved by the Foundation.
- “Services” means access to and use of the Altruly System and related account services.
2. The Foundation
2.1 The Foundation is a non-share capital corporation incorporated under the Canada Not-for-profit Corporations Act and registered as a charity with the Canada Revenue Agency (Registration ID: 755780095RR0001).
2.2 The Foundation owns and controls the Altruly System and is solely responsible for all charitable activities conducted through it.
3. Use of the Altruly System
3.1 Subject to this Agreement, the Foundation grants you a limited, non-exclusive, non-transferable right to access and use the Altruly System.
3.2 You may not interfere with the security, integrity, or operation of the Altruly System or use it for unlawful purposes.
3.3 The Foundation may suspend or terminate access at any time where it reasonably believes this Agreement has been breached or where required by law.
4. Information, Privacy, and Security
4.1 You agree to provide accurate and complete information and to keep such information current.
4.2 You are responsible for maintaining the confidentiality of your Altruly Account Identification.
4.3 The Foundation will collect, use, and store personal information in accordance with applicable privacy laws and its Privacy Policy.
5. Foundation Responsibilities
5.1 Subject to this Agreement, the Foundation will:
- Maintain records of your Altruly Account;
- Provide access to the Services;
- Issue official donation receipts where permitted by law.
6. Donations and Nature of Funds
6.1 All Donations are irrevocable gifts to the Foundation and become the Foundation’s property upon receipt.
6.2 Unrestricted Funds and Foundation Discretion. All Donations are made on an unrestricted basis. The Foundation retains full discretion and control over the use and distribution of all donated funds, subject only to its charitable purposes and applicable law. Any recommendations made by a User or Designated Advisor are non-binding.
6.3 The Foundation may invest, reinvest, or retain donated assets at its sole discretion. Any income or gains may be used for charitable purposes or administrative costs.
6.4 The Foundation may deduct reasonable administrative fees and expenses from Altruly Accounts.
6.5 No Donation may result in a personal benefit to the User or any related person.
7. Designated Advisors
7.1 A User may appoint a Designated Advisor in accordance with procedures established by the Foundation.
7.2 Designated Advisors act solely in an advisory capacity and do not create fiduciary obligations.
8. Disbursements and Transfers
8.1 Disbursements may be made only to Qualified Recipients and only at the discretion of the Foundation.
8.2 The Foundation may decline or delay any recommended Disbursement for compliance, operational, or legal reasons.
8.3 Upon closure or termination of an Altruly Account, remaining assets will be distributed by the Foundation at its sole discretion to one or more Qualified Recipients.
9. No Fiduciary or Trust Relationship
9.1 Nothing in this Agreement creates a trust, agency, partnership, or fiduciary relationship between you and the Foundation.
10. Availability and Changes to Services
10.1 The Foundation does not guarantee uninterrupted availability of the Altruly System.
10.2 The Foundation may modify, suspend, or discontinue any aspect of the Services at any time.
11. Disclaimer of Warranties
11.1 The Services are provided on an “as is” and “as available” basis, without warranties of any kind.
12. Limitation of Liability
12.1 To the fullest extent permitted by law, the Foundation shall not be liable for indirect, incidental, consequential, or punitive damages.
13. Indemnification
13.1 You agree to indemnify and hold harmless the Foundation from claims arising from your use of the Services or breach of this Agreement.
14. Force Majeure
14.1 The Foundation is not responsible for delays or failures caused by events beyond its reasonable control.
15. Amendments
15.1 The Foundation may amend this Agreement from time to time. Continued use of the Services constitutes acceptance of the amended Agreement.
16. Assignment
16.1 The Foundation may assign this Agreement without restriction. You may not assign without prior written consent.
17. Severability
17.1 If any provision is held invalid, the remaining provisions will continue in full force.
18. Waiver
18.1 Failure to enforce a provision does not constitute a waiver.
19. Entire Agreement
19.1 This Agreement constitutes the entire agreement between you and the Foundation regarding the Services.
20. Survival
20.1 Sections relating to Donations, discretion, limitation of liability, indemnification, and governing law survive termination.
21. Governing Law
21.1 This Agreement is governed by the laws of the Province of Ontario and the laws of Canada applicable therein.
22. Electronic Acceptance
22.1 This Agreement may be accepted electronically and such acceptance is legally binding.