New Relationship Trust Update to First Nation Leadership - September 30, 2020
Explore the latest update on the New Relationship Trust (NRT) to First Nation leadership, including the new CEO Walter Schneider's background, NRT's unique strategic position, funded projects, expenditure history, current financial position, pandemic response, and more.
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Presentation Transcript
NEW RELATIONSHIP TRUST UPDATE TO FIRST NATION LEADERSHIP September 30, 2020
CONTENTS 1. Introduction to new CEO Walter Schneider 2. Overview of NRT It s Unique Strategic Position 3. Projects Funded by NRT Life to date 4. History of NRT Expenditures 5. NRT s Current Financial Position 6. NRT s Pandemic Response 7. Looking Ahead Strategic Update 2
NEW CEO Walter Schneider is the new NRT CEO since May 25, 2020 Squamish Nation member Chartered Professional Accountant (Chartered Accountant) MBA Simon Fraser Background in Finance and real estate Work Experience includes |5 years as CAO at Squamish Nation | 3 years CEO at FN Institution | 7 years international investment banking. 3
NRT- ITS UNIQUE STRATEGIC POSITION NRT Negotiated Nationhood Authentic Nation Rebuilding 4
Projects Funded by NRT Fund First Nation Capacity $23,064,429 796 Projects Education Bursary $13,000,250 2697 Students Language $10,444,800 36 Projects Education Project $9,678,487 347 Projects Total $68.5 million Economic Development $5,286,301 137 Projects Elders $2,768,114 6,575 Funded Applications 1106 Projects Youth $2,360,536 1003 Projects K12 $1,910,966 453 Projects Y e a r 2 0 0 7 t o 2 0 2 0 Y e a r 2 0 0 7 t o 2 0 2 0 Life to Date Programming 5
NRTs CURRENT FINANCIAL POSITION NRT FUND MARKET VALUE (millions) CURRENT % TARGET % Cash $2.695 3.0% 0.3% Pool Commercial Mortgages $9.441 10.4% 10.0% Global Equity $30.625 33.8% 33.0% Canadian Equity $15.718 17.3% 17.0% Global Low Volatility Equity $10.492 11.6% 12.0% Global Small Cap Equity $6.452 7.1% 7.0% Emerging Markets Equity $4,463 4.9% 5.0% Real Estate $2.233 2.5% 5.0% Universe Bond Fund $8.576 9.5% 10.8% $90,699,788 TOTAL AUG 31, 2020 7
NRTS PANDEMIC RESPONSE Despite challenging financial markets NRT increased it s funding budget and funding opportunities across all funding programs. Focused on establishing strategic partnerships to support First Nation capacity. Made it more accessible for Indigenous entrepreneurs to access capital by reducing the equity matching requirements and also created multiple streams for indigenous entrepreneurs to access capital at different stages of their business. Extended the application deadlines across all First Nation funding opportunities until December 31, 2020. First Nation s submitting pandemic response type applications (i.e. Pandemic emergency response framework, bylaw development etc) have all been approved. 8
NRT STRATEGY LOOKING AHEAD Renewed focus on Nationhood and ensuring NRT is a hub and centre of excellence that First Nation s use to develop their path to self-determination and Nationhood on their own terms. Support First Nations capacity to draw out their Indigenous knowledge systems to support their path to Nationhood. Innovative & multiple stages of funding streams to support First Nation s wherever they are on the continuum of self-determination Renewed focus on using lesson s learned and success stories from funded First Nation s Projects to support other First Nation s. Rebranding new website, social media presence, refreshed first nation engagement strategy. Strategic Partnerships with the public and private sector to enhance funding for First Nations. Leverage success of the BC Indigenous Clean Energy Initiative (BCICEI) to establish a Regional/National funding platform that catalyzes First Nation participation in the clean energy economy. 9
THANK YOU For any Questions Contact Walter Schneider, CEO wschneider@nrtf.ca 10
