The article only mentions this particular in its photo caption: Cohen donated his $50,000 prize to the Canada Council for the Arts. Full (enough) story at the National Post:

Leonard Cohen was feted in grand style on Monday night, with a who’s who of Canadian luminaries showing up to pay tribute to the singer-songwriter as he was awarded the biannual Glenn Gould Prize at Toronto’s Massey Hall. The recipient of the $50,000 prize, awarded to Cohen for a unique lifetime contribution to “improving the human condition through music and communication,” added an extra air of gratitude to the evening, donating the full amount to the Canada Council for the Arts.