Atlantic Salmon Conservation Foundation
| Recipient information |
https://www.salmonconservation.ca/ |
| Start date |
January 2007 |
| End date |
Not applicable |
| Link to departmental result(s) |
- Canadian fisheries are sustainably managed
- Scientific information on fisheries resources is available to inform management decisions
|
| Link to department’s Program Inventory |
Fisheries Management |
| Purpose and objectives of transfer payment program |
The Atlantic Salmon Endowment Fund is a one-time grant that will be invested to provide long-term funding for the operation of the Atlantic Salmon Conservation Foundation. The Atlantic Salmon Conservation Foundation will invest the funds and use the income to assist community groups in the restoration, protection, and improved conservation of the Atlantic salmon resource in Atlantic Canada and Québec. This will promote projects in research, conservation, habitat restoration, and enhancement for the attainment of healthy and sustainable wild Atlantic salmon stocks. |
| Total funding approved (dollars) |
$30 million |
| Total funding received (dollars) |
$30 million |
| Planned funding in 2020−21 (dollars) |
Not applicable |
| Planned funding in 2021−22 (dollars) |
Not applicable |
| Planned funding in 2022−23 (dollars) |
Not applicable |
| Summary of recipient’s annual plans |
- invest funds and use the income to assist community groups in the restoration, protection, and improved conservation of the Atlantic salmon resource in Atlantic Canada and Québec
|
Pacific Salmon Endowment Fund Society
| Recipient information |
https://www.psf.ca/contributor/pacific-salmon-endowment-fund-society |
| Start date |
February 2001 |
| End date |
Not applicable |
| Link to departmental result(s) |
- Canadian fisheries are sustainably managed
- Scientific information on fisheries resources is available to inform management decisions
|
| Link to department’s Program Inventory |
Fisheries Management |
| Purpose and objectives of transfer payment program |
The Pacific Salmon Endowment Fund was established by a $30 million federal grant made by Fisheries and Oceans Canada in February 2001. Annual investment revenues generated by Endowment Fund assets are provided to the Pacific Salmon Foundation, a not-for-profit charitable organization, to undertake activities that support salmon and their habitat. In the 2018 Fall Fiscal Update, an additional contribution of $5 million to the Pacific Salmon Endowment Fund was announced and subsequently, a one-time federal grant was made by Fisheries and Oceans Canada to the Pacific Salmon Endowment Fund in 2018-19, as part of plans to create a new British Columbia Salmon Restoration and Innovation Fund jointly with the province of British Columbia. |
| Total funding approved (dollars) |
$35 million |
| Total funding received (dollars) |
$30 million |
| Planned funding in 2020−21 (dollars) |
Not applicable |
| Planned funding in 2021−22 (dollars) |
Not applicable |
| Planned funding in 2022−23 (dollars) |
Not applicable |
| Summary of recipient’s annual plans |
- 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 work of the Pacific Salmon Foundation
|
