Structure of the Funds
Coast Funds is two separate organizations managing $118 million provided by six private foundations, the Province of British Columbia, and the Government of Canada
COAST ECONOMIC DEVELOPMENT SOCIETY
Coast Economic Development Society is a not-for-profit society responsible for managing a $60 million economic development fund, supporting First Nation communities and businesses. The capital in this fund is invested in business development initiatives throughout the Great Bear Rainforest and Haida Gwaii, targeting sectors with good potential to support sustainable development in the region and strengthen community well-being.
COAST CONSERVATION ENDOWMENT FUND FOUNDATION
Coast Conservation Endowment Fund Foundation is a registered Canadian charity responsible for managing a $2.0 million regional conservation planning fund and a permanent endowment fund of approximately $56.0 million. The income generated from this fund provides ongoing funding to First Nations to support conservation science, resource planning, capacity development, and related conservation management activities. Specific dollar amounts are allocated annually to each participating First Nation for eligible projects on the basis of each First Nation’s original funding allocation and the investment performance of the fund.