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Name of Recipient: The Canada Millennium Scholarship Foundation
Start Date: June 18, 1998
End Date: July 4, 2010
Total Funding:
Description: The Canada Millennium Scholarship Foundation was established with an endowment in 1999 for a ten-year period, with the objective of increasing access to post-secondary education so that Canadians can acquire the skills needed to participate in a changing economy and society. It provided scholarships to students who were in financial need and who demonstrated merit.
The endowment was managed in accordance with the Funding Agreement between the Canada Millennium Scholarship Foundation and the Government of Canada, as represented by the Ministers of Finance and Human Resources and Skills Development.
The Foundation was not renewed beyond its 10 year mandate. As a result, the CMSF entered into its liquidation period on January 5, 2010 to dispose of all of its property and discharge all of its liabilities as required pursuant to the Budget Implementation Act, 1998. The liquidation period came to an end on July
4, 2010. The balance of the proceeds of the liquidation, $121.3M, was transferred to the Government of Canada's Consolidated Revenue Fund. The final financial statements for the CMSF can be found online at:
http://www.millenniumscholarships.ca/en/index.html
Since January 1, 2010, HRSDC has taken over the administration of the remaining payments of to the Millennium Excellence Awards to eligible students and will continue to do so until December 31, 2013.
Strategic Outcome(s): A skilled, adaptable and inclusive labour force and an efficient labour market
Summary of annual plans of recipient:
Summary of Results Achieved by the Recipient:
Note: Results and figures are based on the Canada Millennium Scholarship Foundation which runs on a calendar year from January 1 to December 31.
Actual Spending 2007-08 |
Actual Spending 2008-09 |
a) Planned Spending 2009-10 |
Total Authorities 2009-10 |
b) Actual Spending 2009-10 |
Variance(s) between(s) a) and b) | |
---|---|---|---|---|---|---|
Conditional Grants | 358.0 | 341.2 | 365.0 | N/A | 381.5 | (16.5) |
Administration | 24.8 | 29.3 | 26.7 | N/A | 33.5 | (6.8) |
Comments on Variance(s): The CMSF ceased operations on July 5, 2010. The variance is mainly related items pertaining to the shutdown of the Foundation, including:
Significant Evaluation findings by the recipient during the reporting year and future plan: Not applicable
Significant Audit findings by the recipient during the reporting year and future plan: Not applicable
Name of Recipient: Canadian Council on Learning
Start Date: March 30, 2004
End Date: March 31, 2010
Total Funding:
Description: To promote and support evidence-based decision making in all areas of lifelong learning by informing Canadians regularly on Canada's progress on learning outcomes, and promoting knowledge and information exchange among learning partners.
Note: A one-time grant was provided to the Canadian Council on Learning in fiscal year 2004-2005. All funds are to be dispersed by March 31, 2009. The mandate was extended to March 31, 2010 with no additional funding.
Strategic Outcome(s): A skilled, adaptable and inclusive labour force and an efficient labour market
Summary of annual plans of recipient:
Summary of Results Achieved by the Recipient:
In support of its mandate to promote knowledge exchange and inform Canadians on learning issues and outcomes, the Canadian Council on Learning accomplished the following in 2009/10:
Informing Canadians
Knowledge Mobilization and Exchange
Actual Spending 2007-08 |
Actual Spending 2008-09 |
a) Planned Spending 2009-10 |
Total Authorities 2009-10 |
b) Actual Spending 2009-10 |
Variance(s) between(s) a) and b) |
---|---|---|---|---|---|
Nil | Nil | Nil | Nil | Nil | Nil |
Comments on Variance(s):
Significant Evaluation findings by the recipient during the reporting year and future plan: N/A
Significant Audit findings by the recipient during the reporting year and future plan: N/A
URL of recipient site: http://www.ccl-cca.ca