- Backgrounder: Accountability of Foundations -

Archived - Selected Accountability Criteria for Major Foundations1
1996-1997 to 2003-2004

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.


 Foundation

 Total funding
($ millions)

Year created

 How created

 Responsible department

Audited financial statements

 Plan2

Independent evaluation reports

Reports7 tabled in Parliament

Ministerial responsibility


Return of funds

Compliance audits

 Evaluations

Mechanism for intervention


Aboriginal Healing Foundation

350

1998

CCA3

IRSRC10

Yes

Yes

Yes

Yes

No5

No

Dispute Resolution Mechanism 8a)

No9


Canada Foundation for Innovation

3,650

1997

Legislation

Industry Canada

Yes

Yes

Yes

Yes

Yes

Yes

Default provisions4 and Dispute Resolution Mechanism 8a)

Yes


Canada Health Infoway Inc.

1,200

2001

CCA

Health Canada

Yes

Yes

Yes

No

Yes5

No

Default provisions4 and Dispute Resolution Mechanism 8b)

Yes


Canada Millennium Scholarship Foundation

2,500

1998

Legislation

HRSDC11

Yes

No

Yes

Yes

No

No

Dispute Resolution Mechanism 8a)

Yes


Canadian Health Services Research Foundation

152

1997

CCA

Health Canada

Yes

Yes

Yes

No

Yes

Yes

Default provisions4 and Dispute Resolution Mechanism 8b)

Yes


Genome Canada

375

1999

CCA

Industry Canada

Yes

Yes

Yes

Yes

Yes

Yes

Default provisions4 and Dispute Resolution Mechanism 8a)

Yes


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


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


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


Pierre Elliott Trudeau Foundation6

125

2001

CCA

Industry Canada

Yes

Yes

Yes

No

Yes

Yes

Default provisions4 and Dispute Resolution Mechanism 8a)

Yes


Others Endowments and Foundation1

74

 

 

 

 

 

 

 

 

 

 

 


Total

9,086

 

 

 

 

 

 

 

 

 

 

 


(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.

- Backgrounder: Accountability of Foundations -