Athabasca Community Trust

Held in security for the use of the seven Athabasca Basin communities.

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What is the Trust?

The Athabasca Community Trust is set up to administer payments received from Cameco and Orano under the Ya’Thi Néné Collaboration Agreement for the long-term benefit of the Athabasca First Nations (Fond du Lac, Hatchet Lake and Black Lake) and the Athabasca Municipalities (Camsell Portage, Uranium City, Wollaston Lake and Stony Rapids). The Trust will promote and enhance the environmental, social, cultural and economic health and well-being of the beneficiaries for present and future generations.

 
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What does the Trust do?

The Trust’s guiding principles are protection of capital and growth of income over the long-term. It sets out strict rules about how funds can be used and invested, who can access funds, and what the funds can be used for. The Trust separates funds under its management from community operating budgets, enabling long-term planning for future community needs.

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.

Apply for the Trust online and make your Athabasca community a better place.

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:

Ya’ thi Néné Lands and Resources provides administrative support to the Trust.