Edkaagmik Nbiizh Neyaashiinigamiingninwag Trust

Edkaagmik Nbiizh Neyaashiinigamiingninwag Edbendaagzijig Trust (Chippewas of Nawash Unceded First Nation Coldwater Trust) Annual General Meeting May 29, 2019

AGENDA What is a trust? What is the purpose of the Trust? A brief history of the Trust to date How is the Trust managed? How much did the Trust spend? How much have Community members/programs received? How much will Band Council receive?

What is a trust? A trust is an arrangement whereby one or more persons (the trustees) hold legal title to property (the trust property) for the benefit of another person or a group of persons (the beneficiaries). The person or party who creates the trust and puts (settles) property into it is called the settlor.

What is the purpose of the Trust? the Trust Property is intended to be held for the long term benefit of the First Nations as Beneficiary (Clause 2 of Deed of Trust)

What is the purpose of the Trust? Trust Property and Income can be used for: the purchase of land; the advancement of education; the promotion and protection of heritage and culture; the promotion of health; economic development; funding for housing; and funding for the enhancement of governance.

A Brief History of the Trust 2012 The Trust was established when the Deed of Trust was signed by Band Council (the Settlor) and the original Trustees on October 16, 2012 The five original Trustees were appointed by Council T. E. Wealth was hired as Investment Consultant The Trustees designed the per capita distribution process In December, settlement proceeds of $29,626,424 were received from the Government of Canada

In 2018: The Trustees attended a training session to review all aspects of the Trust in May In June, the fifth Annual General Meeting was held at the Maadookii Centre Peggy Mansur and Elisa Levi attended NATOA on behalf of the Trust The Trustees received 44 proposal for funding of which 17 were approved for an unprecedented $997,193

2018 Statistics TOTAL PAYOUTS TO THE COMMUNITY Per Capita Distribution to Minors on their 18th birthday $ 32,384 $ 29,471 Per Capita Distribution to Adults $ 535,695 Surplus Income to Chippewas of Nawash Unceded First Nation $ 997,163 Approved Projects/Applications $ 1,594,163 Total

How is the Trust managed? In February 2013, T. E. Wealth began the selection process to hire investment managers to manage the Trust assets The Trustees decided to hire Dixon Mitchell and Guardian Capital to manage separate portfolios Dixon Mitchell employs a value investment style, whereas Guardian Capital uses a growth approach Market Value of Trust portfolios: December 31, 2017 December 31, 2018 Dixon Mitchell $15,837,210 $15,063,502 Guardian Capital $15,606,455 $14,484,369 $31,443,665 $29,547,871 ** Financial assets are $30,893,828 based on 2018 Financial Statements **

How much did the Trust spend? The Deed of Trust directs the Trustees to use their best efforts in limiting Authorized Expenses in any fiscal year to 1% of the market value of the Trust for that year Authorized Expenses includes all expenses reasonably incurred by the Trustees in administering the Trust, such as administrative, accounting, legal and investment fees and costs associated with member/Trustee meetings In 2018, the Trust expenses totaled $311,834 approximately 1% of Trust market value as at December 31, 2018

2018 Expenses Audit fees Office and other Trustee Honoraria Trustee fee - Scotiatrust Dixon Mitchell Guardian Capital T.E. Wealth $ 24,963.00 $ 15,635.00 $ 15,677.00 $ 62,275.00 $ 74,643.00 $ 75,539.00 $ 43,102.00 $ 311,834.00

Approved 2019 Budget Trustee Out of Pocket Website Maintenance Trustee Education Annual General Meeting Trustee Election Trustee Honoraria Miscellaneous/Admin Auditor Publicity/Communication Advisor Guardian Capital Dixon Mitchell Corporate Trustee $ 4,000.00 $ 1,000.00 $ 3,000.00 $ 3,000.00 $ 3,000.00 $ 15,000.00 $ 11,000.00 $ 15,000.00 $ 3,000.00 $ 40,000.00 $ 75,000.00 $ 72,000.00 $ 64,000.00 $ 309,000.00

2018 Approved Proposals Edkaagmik Nbiizh Neyaashiinigamiingninwag Edbendaagzijig Trust Edkaagmik Nbiizh Neyaashiinigamiingninwag Edbendaagzijig Trust Edkaagmik Nbiizh Neyaashiinigamiingninwag Edbendaagzijig Trust Edkaagmik Nbiizh Neyaashiinigamiingninwag Edbendaagzijig Trust 2018 Approved Proposals 2018 Approved Proposals 2018 Approved Proposals 2018 Approved Proposals Applicant Applicant Applicant Applicant Primary Contact Primary Contact Primary Contact Primary Contact Purpose Purpose Purpose Purpose Trust Agreement Criteria Trust Agreement Criteria Trust Agreement Criteria Trust Agreement Criteria Amount Requested Amount Requested Amount Requested Amount Requested Amount Approved Amount Approved Amount Approved Amount Approved Little NHL Committee Little NHL Committee Little NHL Committee Little NHL Committee Jennifer Linklater Jennifer Linklater Jennifer Linklater Jennifer Linklater March 2019 tournament March 2019 tournament March 2019 tournament March 2019 tournament Health Health Health Health $14,908.00 $14,908.00 $14,908.00 $14,908.00 $2,500.00 $2,500.00 $2,500.00 $2,500.00 Chippewas of Nawash Chippewas of Nawash Chippewas of Nawash Chippewas of Nawash Jennifer Linklater Jennifer Linklater Jennifer Linklater Jennifer Linklater Post Secondary education assistance Post Secondary education assistance Post Secondary education assistance Post Secondary education assistance Education Education Education Education $175,400.00 $175,400.00 $175,400.00 $175,400.00 $175,400.00 $175,400.00 $175,400.00 $175,400.00 Nawash Rink Project Nawash Rink Project Nawash Rink Project Nawash Rink Project Adrienne Brennan Adrienne Brennan Adrienne Brennan Adrienne Brennan Maintanence equipment Maintanence equipment Maintanence equipment Maintanence equipment Infrastructure Infrastructure Infrastructure Infrastructure $172,843.00 $172,843.00 $172,843.00 $172,843.00 $172,843.00 $172,843.00 $172,843.00 $172,843.00 Chippewas of Nawash Capital Plan Chippewas of Nawash Capital Plan Chippewas of Nawash Capital Plan Chippewas of Nawash Capital Plan William Jones William Jones William Jones William Jones Economic Development Economic Development Economic Development Economic Development Infrastructure Infrastructure Infrastructure Infrastructure $155,100.00 $155,100.00 $155,100.00 $155,100.00 $155,100.00 $155,100.00 $155,100.00 $155,100.00 CNUFN Board of Education CNUFN Board of Education CNUFN Board of Education CNUFN Board of Education Judy Nadjiwan Judy Nadjiwan Judy Nadjiwan Judy Nadjiwan Nawash Education Diversity Assistance Nawash Education Diversity Assistance Nawash Education Diversity Assistance Nawash Education Diversity Assistance Education Education Education Education $80,000.00 $80,000.00 $80,000.00 $80,000.00 $80,000.00 $80,000.00 $80,000.00 $80,000.00 Maadookii Seniors Group Maadookii Seniors Group Maadookii Seniors Group Maadookii Seniors Group M. Christine Keeshig M. Christine Keeshig M. Christine Keeshig M. Christine Keeshig Good life Path (Bimaadziwin) Good life Path (Bimaadziwin) Good life Path (Bimaadziwin) Good life Path (Bimaadziwin) Cultural and Heritage Cultural and Heritage Cultural and Heritage Cultural and Heritage $72,388.00 $72,388.00 $72,388.00 $72,388.00 $36,680.00 $36,680.00 $36,680.00 $36,680.00 Maadookii Seniors Group Maadookii Seniors Group Maadookii Seniors Group Maadookii Seniors Group M. Christine Keeshig M. Christine Keeshig M. Christine Keeshig M. Christine Keeshig Senior Advocacy and Support Services Senior Advocacy and Support Services Senior Advocacy and Support Services Senior Advocacy and Support Services Health Health Health Health $53,508.00 $53,508.00 $53,508.00 $53,508.00 $17,800.00 $17,800.00 $17,800.00 $17,800.00 Winona Kathleen Elliott Winona Kathleen Elliott Winona Kathleen Elliott Winona Kathleen Elliott Winona Kathleen Elliott Winona Kathleen Elliott Winona Kathleen Elliott Winona Kathleen Elliott 26th Annual Potawatomi Gathering 26th Annual Potawatomi Gathering 26th Annual Potawatomi Gathering 26th Annual Potawatomi Gathering Cultural and Heritage Cultural and Heritage Cultural and Heritage Cultural and Heritage $43,670.00 $43,670.00 $43,670.00 $43,670.00 $25,000.00 $25,000.00 $25,000.00 $25,000.00 Ekowaamjigadeg Enweying Language Nest Ekowaamjigadeg Enweying Language Nest Ekowaamjigadeg Enweying Language Nest Ekowaamjigadeg Enweying Language Nest Pauline Keeshig-Tobias Pauline Keeshig-Tobias Pauline Keeshig-Tobias Pauline Keeshig-Tobias 2019 Objibwe Music Fest 2019 Objibwe Music Fest 2019 Objibwe Music Fest 2019 Objibwe Music Fest Cultural and Heritage Cultural and Heritage Cultural and Heritage Cultural and Heritage $34,000.00 $34,000.00 $34,000.00 $34,000.00 $34,000.00 $34,000.00 $34,000.00 $34,000.00 Giginoo'amaadiwag(They teach each other) Giginoo'amaadiwag(They teach each other) Giginoo'amaadiwag(They teach each other) Giginoo'amaadiwag(They teach each other) Marshall Nadjiwan Marshall Nadjiwan Marshall Nadjiwan Marshall Nadjiwan Build a teaching lodge Build a teaching lodge Build a teaching lodge Build a teaching lodge Cultural and Heritage Cultural and Heritage Cultural and Heritage Cultural and Heritage $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 Norma Tobey Norma Tobey Norma Tobey Norma Tobey Norma Tobey Norma Tobey Norma Tobey Norma Tobey Home and Community Care "Our Stories" The Elders of "Our Stories" The Elders of "Our Stories" The Elders of Home and Community Care Home and Community Care Health Health Health Health $8,340.00 $8,340.00 $8,340.00 $8,340.00 $8,340.00 $8,340.00 $8,340.00 $8,340.00 Home and Community Care "Our Stories" The Elders of Neyaashiinigmiing Neyaashiinigmiing Neyaashiinigmiing Neyaashiinigmiing Kathleen Delorme Kathleen Delorme Kathleen Delorme Kathleen Delorme Kathleen Delorme Kathleen Delorme Kathleen Delorme Kathleen Delorme Cultural and Heritage Cultural and Heritage Cultural and Heritage Cultural and Heritage $40,000.00 $40,000.00 $40,000.00 $40,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 Raymond Ashkewe Raymond Ashkewe Raymond Ashkewe Raymond Ashkewe Raymond Ashkewe Raymond Ashkewe Raymond Ashkewe Raymond Ashkewe Hockey expenses Hockey expenses Hockey expenses Hockey expenses Health Health Health Health $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 $5,000.00 Pauline Keeshig-Tobias Pauline Keeshig-Tobias Pauline Keeshig-Tobias Pauline Keeshig-Tobias Pauline Keeshig-Tobias Pauline Keeshig-Tobias Pauline Keeshig-Tobias Pauline Keeshig-Tobias "Road to Team Ontario" "Road to Team Ontario" "Road to Team Ontario" "Road to Team Ontario" Health Health Health Health $10,180.00 $10,180.00 $10,180.00 $10,180.00 $2,000.00 $2,000.00 $2,000.00 $2,000.00 Chippewas of Nawash Housing Chippewas of Nawash Housing Chippewas of Nawash Housing Chippewas of Nawash Housing Larissa Johnston Larissa Johnston Larissa Johnston Larissa Johnston Survey support Program Survey support Program Survey support Program Survey support Program Infrastructure/housing Infrastructure/housing Infrastructure/housing Infrastructure/housing $190,000.00 $190,000.00 $190,000.00 $190,000.00 $50,000.00 $50,000.00 $50,000.00 $50,000.00 Economic Development Department Economic Development Department Economic Development Department Economic Development Department David Moyer David Moyer David Moyer David Moyer Small Business Loan and Grant program Economic Development Small Business Loan and Grant program Economic Development Small Business Loan and Grant program Economic Development Small Business Loan and Grant program Economic Development $150,000.00 $150,000.00 $150,000.00 $150,000.00 $200,000.00 $200,000.00 $200,000.00 $200,000.00 Economic Development Department Economic Development Department Economic Development Department Economic Development Department David Moyer David Moyer David Moyer David Moyer 2019 Annual POWWOW 2019 Annual POWWOW 2019 Annual POWWOW 2019 Annual POWWOW Economic Development-cultural Economic Development-cultural Economic Development-cultural Economic Development-cultural $30,000.00 $30,000.00 $30,000.00 $30,000.00 $15,000.00 $15,000.00 $15,000.00 $15,000.00 TOTAL TOTAL TOTAL TOTAL $1,247,837.00 $1,247,837.00 $1,247,837.00 $1,247,837.00 $997,163.00 $997,163.00 $997,163.00 $997,163.00

How much will Council receive? The Deed of Trust directs the Trustees to pay to the First Nation any surplus income unutilized in a fiscal year Surplus income is determined by the Auditor following completion of the annual financial statements For 2018, the First Nation, by way of Chief and Council, will receive $535,695 in surplus income from the Trust

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