Athabasca Community Trust
Held in security for the use of the seven Athabasca Basin communities.
What can the Trust be used for?
Funds must be invested in permitted purposes, including:
Community planning;
Health and well-being of members and permanent long term residents;
Community housing;
Community infrastructure;
Preservation or protection of language, culture and traditional land use;
Community-based environmental projects or to advance community environmental priorities;
Support community events and gatherings;
Provide educational and economic opportunities for members and permanent long-term residents (including scholarship programs, trade, apprenticeship and internship programs); and
Community business development and capacity building.
Change your community.
Applications for the Trust for Fall 2024 is now closed
How is the Trust managed?
A main objective of the Trust is to invest for the long-term fund to grow capital and generate income for future generations. The Trust has a strict investment policy that maximizes income while minimizing risks to capital. Investments are professionally managed by an investment manager.
A portion of the Trust income is saved and invested for future generations in a long-term fund, with the remainder available for annual distributions to the communities. The Trust accepts proposals to fund community projects twice a year.
Trustees have duties (known as fiduciary duties) to act in the best interests of the Athabasca First Nations and their members and the Athabasca Communities and their permanent long term residents.
Audited financial statements and an annual report will be prepared for beneficiaries of the Trust on the funds within the Trust, investments and distributions.
All future First Nation Community Trustees will be elected at the time of Chief and Council elections by the members. All future Permanent Long Term Resident Trustees will be selected by the Permanent Resident Organization based on an application process.
The Trust is managed by a committee that includes:
1 Corporate Trustee – The Canada Trust Company
1 Black Lake First Nation representative
Tina Alphonse E: bl.trustee@yathinene.com
1 Hatchet Lake First Nation representative
Charlie Denechezhe E: hl.trustee@yathinene.com
1 Fond du Lac First Nation Representative
Gabriel Stenne E: fdl.trustee@yathinene.com
1 Permanent Long Term Resident representative
Lillian Laprise E: pro.trustee@yathinene.com
Ya’ thi Néné Lands and Resources provides administrative support to the Trust.