Up-Front Multi-Year Funding

Up-Front Multi-Year Funding

Pacific Salmon Endowment Society

Strategic Outcome: Economically Prosperous Maritime Sectors and Fisheries

Program and Sub-Program: Integrated Fisheries Management

Name of Recipient: The Pacific Salmon Endowment Fund Society

Start Date: February 12, 2001

End Date: Ongoing

Description: A one-time conditional grant was issued by Canada in 2001 to create the Pacific Salmon Endowment Fund. As the current trustee for the grant, the Pacific Salmon Endowment Fund Society provides annual funding support to the Pacific Salmon Foundation. The Pacific Salmon Foundation was established in 1987 as an independent, non-governmental, charitable organization to protect, conserve and rebuild wild Pacific salmon populations in British Columbia and the Yukon Territory. The Pacific Salmon Foundation uses the funds received from the Pacific Salmon Endowment Fund Society to support activities that conserve and sustain Canadian Salmon stocks.

Up-Front Multi-Year Funding (millions)

Total Funding Prior Years' Funding Planned Funding
2014-15
Planned Funding
2015-16
Planned Funding
2016-17
30.0 30.0

Summary of annual plans of recipient:

  • Manage Pacific Salmon Endowment Fund assets observing a prudent investment and financial strategy.
  • Maintain and build over time the value of assets held in the Pacific Salmon Endowment Fund.
  • Ensure that funds are available on an ongoing annual basis to support the delivery work of the Pacific Salmon Foundation.

Link to Recipient's Website: www.psf.ca


Atlantic Salmon Conservation Foundation

Strategic Outcome: Economically Prosperous Maritime Sectors and Fisheries

Program and Sub-Program: Integrated Fisheries Management

Name of Recipient: Atlantic Salmon Conservation Foundation

Start Date: January 2007

End Date: Ongoing

Description: The Atlantic Salmon Endowment Fund is a one-time conditional grant invested to provide long-term funding for the operation of the Atlantic Salmon Conservation Foundation. The Foundation invests the funds and uses the income to assist community groups in the restoration, protection, and improved conservation of the Atlantic salmon resource in Atlantic Canada and Quebec. This will promote projects in research, conservation, habitat restoration, and enhancement for the attainment of healthy and sustainable wild Atlantic salmon stocks.

Up-Front Multi-Year Funding (millions)

Total Funding Prior Years' Funding Planned Funding
2014-15
Planned Funding
2015-16
Planned Funding
2016-17
30.0 30.0

Summary of annual plans of recipient:

  • Continue observing a prudent investment and financial strategy to restore the Atlantic Salmon Endowment Fund to its adjusted value and to create a reserve fund.
  • Observe a funding allocation model that is reflective of, and responsive to, the various conservation needs and priorities of each province.
  • Maintain and strengthen a results-based management approach to Foundation funded projects.
  • Strengthen Foundation relationships and communications with current and potential stakeholders/beneficiaries, the public, and potential new supporters.

Link to Recipient's Website: http://www.psf.ca