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Is the Alberta Heritage Foundation for Medical Research part of the Alberta Heritage Savings Trust Fund?

April 26, 2017Alberta foundation fund heritage medical research savings Trust

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Is the Alberta Heritage Foundation for Medical Research part of the Alberta Heritage Savings Trust Fund?

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No. The Alberta Heritage Foundation for Medical Research (AHFMR), as well as Alberta Ingenuity (the tradename for the Alberta Heritage Foundation for Science and Engineering Research), is an independent endowment fund that operates like a trust fund, generating income from its principal. The principal is invested and managed to get the highest return with minimum risk. Income generated from the principal will be used to fund research or will be reinvested to generate income in future years.