WE Founded A New Charity To Give Grants To Students. It's Mostly Just Bought Up Real Estate.
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WE Founded A New Charity To Give Grants To Students. It’s Mostly Just Bought Up Real Estate.
Like some other WE entities, the non-real-estate activities of the ME to WE Foundation of Canada can be difficult to decipher

A relatively new and low-profile entity in the elaborate structure of the WE organization has spent $4.1 million on three real estate purchases in the two and a half years since it was created, but what is much less clear is the actual extent of its charitable activities.

In its first year of operation, the ME to WE Foundation of Canada — a registered charity — spent 130 times more on real estate than on expenses for carrying out charitable programs, according to its 2018 filing with the Canada Revenue Agency (CRA).

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