New Relationship Trust

Financial Management 


The NRT was created with an original sum of $100 million, donated by the Province of BC. Of the initial sum, $20.75 million was originally allocated for spending on projects over the first three years of the Trust’s operations.

The spend/invest ratio reflects the overall values voiced by NRT stakeholders during the 2006 and reaffirmed during the 2009 Regional Engagement meetings head across BC and in subsequent feedback received by NRT.

Program Support


According to the 2010 - 2013 Strategic Plan, the intended breakdown for program spending in the NRT's five priority areas is as follows:

 

2010/11

2011/12

2012/13

Total

Governance

2.25M

2.25M

2.25M

6.75M

Education

1.75M

1.75M

1.75M

5.25M

Culture & Language

1.50M

1.50M

1.50M

4.50M

Youth & Elders

0.50M

0.50M

0.50M

1.50M

Economic Development

1.00M

1.00M

1.00M

3.00M

TOTAL

7.00M

7.00M

7.00M

21.00M


Investing for the Future


The balance of approximately $80 million was invested in order to accrue interest and grow the fund to provide ongoing benefit to BC First Nations.

With changes to the global market in mind, NRT Directors and staff continue to review the current spend/invest strategy.

Operating Costs


Administrative costs for the NRT are maintained at less than 2% of the total investment fund on an annual basis, and are paid through the accrued interest.