The Canada Fund endowment was initially allocated at $12 million, where does it stand now?
In the spring of 2000 the Clayoquot Biosphere UNESCO Biosphere Region received a $12 million endowment from the Federal Government. The CBT Constitution provides that the capital of this endowment, known as the Canada Fund, is invested to earn income for two purposes: • To maintain the value of the original capital of the Canada Fund (including adjustments for inflation); and • To fund the Clayoquot Biosphere Trust’s programs and activities. Not long after the formal launch of the Clayoquot Biosphere Trust in the summer of 2000, a significant downturn in the stock market caused the principal of the Canada Fund to fall below $11 million. As stock markets recovered through late 2001 and into 2002, the Canada Fund once again rose above the level of the initial endowment. As of September 2008, the principal of the Canada Fund stood at $13.3 million. The CBT is committed to developing fund raising strategies to enhance the value of the original endowment Fund.
