Nov 15, 2016
The Foundation Chair has updated our grantees on the funding challenges arising from a period of lower economic activity and low interest rates. This dynamic funding environment will impact our ability to fund our grantees at historical levels and certain grants could be held constant or reduced in the upcoming grant cycle.
Foundation revenues declined by 25% in the past year and a further decline is anticipated in 2016-2017. This is the direct result of low interest rates and softening economic activity in Saskatchewan. The Foundation is committed to working collaboratively with our grantees to review our granting programs and prioritize the amounts we grant in this challenging funding environment. Read the full text of the Chair’s letter.