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- Backgrounder: Accountability of Foundations -
Archived - Selected Accountability Criteria for Major Foundations1
1996-1997 to 2003-2004
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Foundation |
Total funding |
Year created |
How created |
Responsible department |
Audited financial statements |
Plan2 |
Independent evaluation reports |
Reports7 tabled in Parliament |
Ministerial responsibility |
Return of funds |
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Compliance audits |
Evaluations |
Mechanism for intervention |
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Aboriginal Healing Foundation |
350 |
1998 |
CCA3 |
IRSRC10 |
Yes |
Yes |
Yes |
Yes |
No5 |
No |
Dispute Resolution Mechanism 8a) |
No9 |
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Canada Foundation for Innovation |
3,650 |
1997 |
Legislation |
Industry Canada |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Default provisions4 and Dispute Resolution Mechanism 8a) |
Yes |
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Canada Health Infoway Inc. |
1,200 |
2001 |
CCA |
Health Canada |
Yes |
Yes |
Yes |
No |
Yes5 |
No |
Default provisions4 and Dispute Resolution Mechanism 8b) |
Yes |
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Canada Millennium Scholarship Foundation |
2,500 |
1998 |
Legislation |
HRSDC11 |
Yes |
No |
Yes |
Yes |
No |
No |
Dispute Resolution Mechanism 8a) |
Yes |
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Canadian Health Services Research Foundation |
152 |
1997 |
CCA |
Health Canada |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
Default provisions4 and Dispute Resolution Mechanism 8b) |
Yes |
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Genome Canada |
375 |
1999 |
CCA |
Industry Canada |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Default provisions4 and Dispute Resolution Mechanism 8a) |
Yes |
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Canada Foundation for Sustainable Development Technology |
350 |
2001 |
Legislation |
NRCan12/ Environment Canada |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Default provisions4 and Dispute Resolution Mechanism 8a) |
Yes |
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Canadian Foundation for Climate and Atmospheric Sciences |
110 |
1999 |
CCA |
Environment Canada |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
Default provisions4 and Dispute Resolution Mechanism 8a) |
Yes |
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Green Municipal Investment Fund (Federation of Canadian Municipalities)6 |
200 |
1999 |
CCA |
NRCan/ Environment Canada |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
Default provisions4 and Dispute Resolution Mechanism 8a) |
Yes |
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Pierre Elliott Trudeau Foundation6 |
125 |
2001 |
CCA |
Industry Canada |
Yes |
Yes |
Yes |
No |
Yes |
Yes |
Default provisions4 and Dispute Resolution Mechanism 8a) |
Yes |
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Others Endowments and Foundation1 |
74 |
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Total |
9,086 |
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(1) Listed in Auditor General Observations on 2004 Public Accounts. In addition, the Auditor General identifies the following: one foundation - Forum of Federations ($10 million) and four endowments (total of $64 million) - Clayoquot Biosphere Trust Society; Pacific Salmon Endowment Fund Society; Canadian Institute for Research on Linguistic Minorities, University of Moncton; and Frontier College Learning Foundation. (2) Includes corporate plan, summary corporate plan or summary plan incorporated in annual report. (3) Canada Corporations Act. (4) In the case of default, Minister may rescind agreement and recover unspent and uncommitted funds. (5) Recipient undertakes compliance audits either on a voluntary basis or per terms of funding agreement. (6) Endowments - only investment income is used. (7) Foundations' annual reports. In addition, departments are required to include the significant plans and results of foundations in their Reports on Plans and Priorities and Departmental Performance Reports. (8) If a dispute arises out of, or in connection with, the Funding Agreement, a) it shall be submitted to and finally resolved by arbitration or b) the parties agree to meet to pursue resolution through negotiation or appropriate dispute resolution. (9) Funds to be transferered to a third party. (10) Indian Residential Schools Resolution Canada. (11) Human Resources and Skills Development Canada. (12) Natural Resources Canada. |
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