Up-front multi-year funding
2023-24 Departmental Plan
Atlantic Salmon Conservation Foundation
Recipient information
The Foundation for Conservation of Atlantic Salmon
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 2023-24 (dollars)
$0
Planned funding in 2024-25 (dollars)
$0
Planned funding in 2025-26 (dollars)
$0
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
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 Society 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. This was announced in conjunction with the plan to create the British Columbia Salmon Restoration and Innovation Fund jointly with the province of British Columbia.
Total funding approved (dollars)
$35 million
Total funding received (dollars)
$35 million
Planned funding in 2023-24 (dollars)
$0
Planned funding in 2024-25 (dollars)
$0
Planned funding in 2025-26 (dollars)
$0
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
- Date modified: