BBC Initiatives

2016

Income Stabilization Fund Trust Account Annual Income

The Annual Income from the Income Stabilization Fund Trust for the 2016 calendar year was $ 1,414,171.20 CDN & $520,352.60 USD. This amount was transferred to the Chippewas of the Thames First Nation to cover monthly ISF payments in 2017 to eligible Elder Members. At the end of the calendar year, unused funds are transferred back to the Income Stabilization Fund Trust Account.

Trust Account Annual Income

The benefit from the Trust Account in 2016 was $ 1,178,737.63. This amount was transferred from the Trust Account to the Chippewas of the Thames First Nation for expenditures by the First Nation during the 2017-2018 fiscal year according to the terms of the Trust Agreement.  As a requirement of the Trust Agreement, 10% of the Annual Income must be returned to the Trust Account in an effort to preserve the Capital as such $117,873.76 was returned leaving $1,060,863.87.

Education Trust Account Annual Income

The benefit from the Education Trust Account in 2016 was $180,818.82. This amount was transferred from the Education Trust Account to the Chippewas of the Thames First Nation for expenditures by the First Nation during the 2017-2018 fiscal year according to the terms of the Trust Agreement.

2015

Income Stabilization Fund Trust Account Annual Income

The Annual Income from the Income Stabilization Fund Trust for the 2015 calendar year was $ 1,792,258.01 CDN & $172,652.75 USD. This amount was transferred to the Chippewas of the Thames First Nation to cover monthly ISF payments in 2016 to eligible Elder Members. At the end of the calendar year, unused funds are transferred back to the Income Stabilization Fund Trust Account.

Trust Account Annual Income

The benefit from the Trust Account in 2015 was $ 1,226,465.77. This amount was transferred from the Trust Account to the Chippewas of the Thames First Nation for expenditures by the First Nation during the 2016-2017 fiscal year according to the terms of the Trust Agreement.  As a requirement of the Trust Agreement, 10% of the Annual Income must be returned to the Trust Account in an effort to preserve the Capital as such $122,646.58 was returned leaving $1,103,819.19.

Education Trust Account Annual Income

The benefit from the Education Trust Account in 2015 was $188,196.60. This amount was transferred from the Education Trust Account to the Chippewas of the Thames First Nation for expenditures by the First Nation during the 2016-2017 fiscal year according to the terms of the Trust Agreement.

2014

Income Stabilization Fund Trust Account Annual Income

The Annual Income from the Income Stabilization Fund Trust for the 2014 calendar year was $ 2,482,401.77. This amount was transferred to the Chippewas of the Thames First Nation to cover monthly ISF payments in 2015 to eligible Elder Members. At the end of the calendar year, unused funds were transferred back to the Income Stabilization Fund Trust Account.

Trust Account Annual Income

The benefit from the Trust Account in 2014 was $ 1,834,633.95. This amount was transferred from the Trust Account to the Chippewas of the Thames First Nation for expenditures by the First Nation during the 2015-16 fiscal year according to the terms of the Trust Agreement.  As a requirement of the Trust Agreement, 10% of the Annual Income must be returned to the Trust Account in an effort to preserve the Capital as such $183,463.39 was returned leaving $1,651,170.56.  Of the remaining funds, $360,000 was allocated to Higher Education.  For a breakdown of the remaining funds please see the Trust’s Annual Report.

2013

Income Stabilization Fund Trust Account Annual Income

The Annual Income from the Income Stabilization Fund Trust for the year 2013 was $ 2, 401,881.43. This amount was transferred to the Chippewas of the Thames First Nation to cover monthly ISF payments in 2014 to eligible Elder Members. At the end of the calendar year, unused funds were transferred back to the Income Stabilization Fund Trust Account.

Trust Account Annual Income

The benefit from the Trust Account from December 4, 2013 to December 31, 2013 was $ 36,241.31. This amount was transferred from the Trust Account to the Chippewas of the Thames First Nation for expenditures in the 2014-15 fiscal year as per the Trust Agreement.