First Citizens FundMinistry of Indigenous Relations and Reconciliation
First Citizens FundThe First Citizens Fund is a perpetual fund created in 1969. It supports cultural, educational and economic development programs for Indigenous people, communities and businesses in B.C., and it helps fund Indigenous organizations offering services in these areas.
Supported InitiativesThe First Citizens Fund is part of the Province's commitment to improve the quality of life for Indigenous people. It supports
- Indigenous small business development
- First Nations language preservation
- Friendship Centres
- Elders and students
Programs & ServicesAll programs, services and initiatives are managed and delivered in partnership with British Columbian Indigenous organizations.
- Business Loan Program - All Nations Trust Company
- Business Advisory Centres - Kootenay Aboriginal Business Advocates Society, Northeast Aboriginal Business and Wellness Centre, and Prince George Aboriginal Business Development Centre
- Friendship Centres Program - BC Association of Aboriginal Friendship Centres
- Student Bursary Program - BC Association of Aboriginal Friendship Centres
- Elders Transportation Program - BC Association of Aboriginal Friendship Centres
- First Peoples' Heritage, Language and Culture Program - First Peoples’ Culture Council
GovernanceThe First Citizens Fund is administered by the Province.
FinancingThe First Citizens Fund began as a perpetual fund, created in 1969.
There are two components to the fund:
- Principal - held as capital interest earning
- Surplus - providing funding to support programs through interest earned on the principal established through Section 4 of the Special Accounts Appropriation and Control Act. Interest earned from fund investments supports programs and services for Indigenous people.