The Métis Fund: An Overview
Established under the Indian Residential School Settlement Agreement (IRSSA), the Métis Fund supported educational programs that promote healing, reconciliation, culture, and education for Métis individuals and organizations (the “Métis Beneficiaries”). These funds have been disbursed and invested by the FG Foundation over the past ten (10) years with care, skill, and diligence. This has been done in compliance with the Terms and Conditions of the IRSSA and with the advice and guidance of prudent investment advisors.
Since 2015, the FG Foundation has released $6.59 million to Métis Beneficiaries in response to the applications received and awarded by the FG Foundation.
As of March 31, 2024, the Métis Fund holds a final reported balance of $563,866 for distribution to Métis Beneficiaries in the 2024-2025 fiscal year.
What Does This Mean for Métis Applicants?
The FG Foundation accepted the final applications to the Métis Fund for the 2024-2025 funding cycle on June 7, 2024. The 2024-2025 fiscal year will mark the final year of the Métis Fund as the IRSSA funds designated for Métis Beneficiaries will be fully expended. Once the designated Métis Fund is exhausted, the obligation of the FG Foundation to the Métis Beneficiaries, as outlined in the Terms and Conditions of the IRSSA, shall be fulfilled.
For inquiries regarding the Métis Fund, contact us via email at info@fgoundation.ca.