Funding for the National Council

Administrative and operational 5-year contribution agreement

• That the Government of Canada enter into a 5-year contribution
• agreement at an annual amount that ponders the administration and operational budget requirements as determined by the NCR Board of Directors
• That at the end of 5 years, the annual administration and operational financial contribution will end and the budgetary requirements of the NCR will be met from the net annual returns (less management fees and inflation) of the National Reconciliation Endowment Fund
• That the NCR will not be restricted from seeking funding from the Government of Canada and other sources.

Creation of a National Reconciliation Endowment Fund

• That a National Reconciliation Endowment Fund in the amount of 1 billion dollars be established that will be paid over 5 years in equal instalments
• That the NCR establish and manage the fund with the support of professional expertise provided by financial consultants, investment advisors and portfolio managers
• That the federal government work closely with the NCR to develop an agreement to establish the fund that provides the NCR with the necessary autonomy to achieve its goals of capital protection, income, growth and inflation protection
• That the NCR have the ability to create a separate fund that will enable individual donors to contribute and receive a charitable receipt
• That the NCR secure an income tax exemption through a specific tax agreement with the Government of Canada for revenue generated by endowment.