The largest of our trusts is The Nations Trust. The Nations Trust is designed to never deplete; because no more than half of the account interest on the funds will ever be used in one fiscal year, the account continually replenishes through accumulating the remaining half of bank interest on the saved monies. This protects the long-term interests of our members and our children. Any monies that are not used within the calendar year are returned to the trust account.
However, the contract governing this trust is impossibly restrictive, prohibiting our nation’s access to the funds we lawfully own. To date, Bigstone Cree Nation has never successfully accessed The Nations Trust and the likelihood of accessing funds decreases each year.
Projects that were not member approved for funding include:
- Slave Lake Elders (Utility Subsidy Program)
- Police Cadet Society (Youth Program)
- Nohkom & Mosom (Cree Language & Cultural Program)
- Youth Training Facility (Youth Department)
- Bigstone Cree Nation Housing (Contaminated Water / Sewer Tank Treatement)
- Outdoor Skating Program
- Kokum’s Cupboard (Emergency Dry Foods Program)
- Road Repair & Gravel Project (On Reserve Wabasca / Calling Lake)
- Elder’s Building
- Father and Son Night (Event)
- Mother and Daughter Night (Event)
- Health Medical Transportation for Edmonton Elders
- Dust Control On Reserve Roads
TRUSTEES FOR BIGSTONE CREE NATION’S TRUST
Gordon T. Auger
To view a PDF of the original agreement, please click here.