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Table 2: Up-Front Multi-Year Funding

1. The Canada Millenium Scholarship Foundation

Strategic outcome: A skilled, adaptable and inclusive labour force and an efficient labour market

Program activity: Learning

Name of recipient: The Canada Millennium Scholarship Foundation

Start date: Royal Assent: June 18, 1998

End date: 2010

Description:
The endowment is managed in accordance with the Funding Agreement between the Foundation and the Government of Canada, as represented by the Ministers of Finance and Human Resources and Social Skills Development.

The objective of the foundation is to increase access to post-secondary education so that Canadians can acquire the skills needed to participate in a changing economy and society by granting scholarships to students who are in financial need and who demonstrate merit.

The Canada Millennium Scholarship Foundation was established with an endowment in 1999 for a ten-year period. It is set to expire in 2009. The Budget implementation Act, 2008 requires that the Canadian Millennium Scholarship Foundation (CMSF) dispose of all of its property and discharge all of its liabilities within 6 months of January 5, 2010 or within such longer period of time that the Governor in Council may determine on the recommendation of the Minister of HRSDC. This liquidation is required for the purposes of dissolving the CMSF, which dissolution will occur following the completion of the liquidation process.


Program Activity:
($ millions)
Total Funding Actuals 2007 Planned Spending
2008
Planned Spending
2009
Planned Spending
2010
Conditional Grants 357.8 341.0 365.0  
Administration 24.8 27.3 26.7 15

Summary of annual plans of recipient:

  • Approximately 100,000 students with demonstrated financial need benefit from millennium bursaries annually through loan remissions or award bursaries averaging $3,000.
  • Approximately 21,000 additional students from low-income families who have demonstrated financial need benefit from millennium access bursaries annually (beginning in 2005-2006) with award bursaries averaging $2,000.
  • Distribute annual millennium entrance awards to over 1,800 post-secondary students and in-course excellence awards to up to 1,200 post-secondary students, valued at $4,000 or $5,000 depending on the type of award, to students who demonstrate exceptional merit and community service.

Planned evaluation(s): No evaluations planned

Planned audit(s): The Foundation’s annual audit will be conducted in the first quarter, and program reviews and audits of granting processes will be conducted in three provinces.

URL of recipient site: http://www.millenniumscholarships.ca

2. Canada Council of Learning

Strategic outcome: A skilled, adaptable and inclusive labour force and an efficient labour market

Program activity: Learning

Name of recipient: Canada Council on Learning

Start date: March 30, 2004

End date: March 31, 2010

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.


Program Activity:
($ millions)
Total Funding Prior Years’ Funding Planned Funding
2009-10
Planned Funding
2010-11
Planned Funding
2011-12
$85M covering 5 years (now extended to 6 years). A one-time grant was provided to Canadian Council on Learning in fiscal year 2004-2005. All funds are to be dispersed by March 31, 2010.        

Summary of annual plans of recipient:

  • At arm's length from government, the Canadian Council on Learning mandate is to improve the overall stage of knowledge and information on lifelong learning by focusing on the thematic areas of: Aboriginal Learning, Adult Learning, Early Childhood Learning; Health and Learning; Structured Learning; and Work and Learning.
  • The Canadian Council on Learning will continue to support public/stakeholder awareness through annual progress reports on state of learning in Canada; knowledge mobilization activities; and conduct of and support for research on policy and program issues in the area of learning.
  • The Canadian Council on Learning will publish its major reports - Annual State of Learning in Canada report, Report on post-secondary education in Canada and the Composite Learning Index
  • The Canadian Council on Learning will continue its applied research activities on issues of importance for learners, educators and decision-makers, including joint research projects or commissioned studies with provincial/territorial and federal government departments, and other learning-related agencies and organizations.

Planned evaluation(s): Not applicable

Planned audit(s): Not applicable

URL of recipient site: http://www.ccl-cca.ca