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 balance was invested in order to provide ongoing benefit to BC First Nations.
The spend/invest strategy reflects the overall values voiced by NRT stakeholders during the 2006 and reaffirmed during the 2009 and 2012 Regional Engagement meetings head across BC and in subsequent feedback received by NRT.
NRT’s investment strategy consists of short-term and long-term investments. The short-term investment strategy preserves capital by investing in safe and liquid assets. The long-term investments are allocated according to a range of target asset mixes.
With changes to the global market in mind, NRT Directors and staff review the current spend/invest strategy on an ongoing basis.
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.