Onion Lake Education Trust Fund
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ONION LAKE EDUCATION TRUST FUND ANNUAL REPORT 2019 – 2020 ONION LAKE EDUCATION TRUST FUND EDUCATION IS OUR NEW BUFFALO ANNUAL REPORT 2019 – 2020 Since time immemorial the Plains Cree Being; blessing the people with everything The Onion Lake Educations Trust Fund has People lived in harmony with the Buffalo. The they needed to survive. The Cree People been established and designed to provide Buffalo is a great symbol and a great being to loved the Buffalo and the Buffalo loved for the present and future generations of the the Cree People because it provided all the the Cree. Onion Lake Cree Nation. The Trust Fund has What motivates us? necessities of life. The Buffalo provided food, been developed to assist us like the herds of clothing, shelter, tools, supplies and hunting Today education is our New Buffalo. We now Buffalo did for countless generations. implements. rely on our education to provide our food, The energy of change. clothing and shelter. We are now developing Our way of life and our culture developed new skills from our education in order to around this magnificent animal. We learned survive and succeed in the modern world. Our The Buffalo are our brothers and sisters. Confidence in our members for the future. to hunt the buffalo skillfully with all of our educational training and university degrees They talk to us and if we listen, we can members taking part in some way. We shall sustain us, our families and our people hear them. migrated northward with them in the summer in the same way the Buffalo sustained us in The potential of right now. and south again in the autumn to the winter the days of our Ancestors. camps. The Buffalo is most of all a Spirit The opportunity to build…to invest in our students…to transform our Nation. Our priorities are focused. Working smarter by building an Onion Lake institution for present and future generations. Driven by an ambition and to know that we can create something better for our people. Self-confidence, to act as a shield of resilience to achieve any educational goal. The belief in the importance of education for a promising tomorrow. MESSAGE FROM CHIEF HENRY LEWIS Education is the vehicle through which our for a promising future. The purpose and young generations come to realize their mandate of OLETF is to encourage and ambitions and goals. By working together and assist our students at the post-secondary building a strong foundation within the Onion level which helps drive our momentum for Lake Cree Nation for the provision of a high- fundamental positive change with passion quality education experience at all levels, we and commitment. We are shaping the lives put our students on a clear path to achieve of our students for the better. As more of their academic dreams. our members attend and graduate from universities, colleges and trade schools the Our latest effort is the Onion Lake stronger we become. Education Trust Fund. Now in its second year of operation this organization assists As Chief and on behalf of Council, I wish to many of our post-secondary students with thank the Board of Trustees for all of their scholarships and awards. As a former work during the year. To this year’s recipients university graduate, I know well the many of OLETF scholarships, congratulations we are challenges and obstacles that students face. all proud of your accomplishments. The Onion Lake Education Trust Fund will help continue The demands of the highly competitive and to support and celebrate our outstanding globalized environment makes it clear that students who will guarantee us a positive and Onion Lake Cree Nation needs many encouraging tomorrow. highly-skilled and well-trained members. The education of our people at the post- secondary level is the key to our success Chief Henry Lewis, BEd, MEd ONION LAKE EDUCATION TRUST FUND page 1 MESSAGE FROM CHAIRMAN MATTHEW FOX As Chairman of the Onion Lake Education over $110,000 to date from 17 entities. Trust Fund it is my honour to report to The response has been fantastic and some the Onion Lake Cree Nation membership very generous people and corporations have on the activities of the Board of Trustees contributed to OLETF to which we are most for fiscal year 2019-2020, our second year grateful. Since inception, 155 OLETF student of operation. scholarships have been provided with a total value of $103,250. It is with great pride that I look back on a stellar year for OLETF, where we have made The Board of Trustees this year also some solid steps towards becoming an even focused on having improvements made to stronger advocate and champion for our the OLETF website, established new policies Onion Lake Post-Secondary students. improving financial and administrative functions and the refinement of our The Board of Trustees has delivered on the scholarship guidelines. In addition, the mandate and purpose set out in the OLETF Board hired a well-known investment firm to Trust Deed. The OLETF was established to actively manage the OLETF’s Trust Capital. provide support, encouragement and Our Board is intent on making certain that financial assistance to qualifying Onion Lake our actions are transparent and sustainable, post-secondary students through incentives and that we reflect what our members’ and scholarships. expectations are for considered, ethical and prudent management. We wish to become a force of positive change for post-secondary education in our I wish to acknowledge our students for their community. The educational gap is too great, hard work and dedication to their educational the moral purpose is too strong for us not to goals. We also wish to acknowledge and play our part. With the vision and support of sincerely thank all of our sponsors for the Chief and Council, the OLETF has become the funding they have provided for student vehicle to assist in achieving our goals for our scholarships. people in the field of higher education. Finally, I wish to thank my fellow Trustees for During the last year and a half, the Board their good work throughout the year and for of Trustees developed a program to attract all the success they have created. corporations and individuals to donate funds for student scholarships. The Trustees have been able to secure sponsorship totaling Matthew Fox, Chairman page 2 BOARD OF TRUSTEES Onion Lake Education Trust Fund Board of Trustees The Trustees are required to administer the accredited post-secondary education Onion Lake Education Trust Fund in the best institutions. The Board is responsible for all interests of the Onion Lake Cree Nation and financial and administrative aspects of the its members with care, skill and caution. The Trust Fund and operates independently of Trustees must act honestly and in good faith Chief and Council, Onion Lake Education and with a view to the best interests of the Trust, the Onion Lake Administration. keeping in mind the beneficiaries of the Trust are both present and future generations of The Board is made up of experienced the Onion Lake Cree Nation. individuals with expertise in education, board governance, policy making, finance and The Trustees’ overall management and student needs. administrative functions are defined by the OLETF Trust Deed. These include the duties In accordance with the Trust Deed, the five and responsibilities to carry out the purpose (5) Trustees serve a three (3) year term of the Trust and to encourage, support and and are appointed by Onion Lake Chief and provide supplementary financial assistance Council. to qualifying Onion Lake members attending Matthew Fox Pauline Muskego Delia Harper Ivan Harper Wilma Dillon (Missing) ONION LAKE EDUCATION TRUST FUND page 3 THE YEAR IN REVIEW The Onion Lake Education Trust Fund • The Board members discharged their • The Board of Trustees authorized the represents something new for the Onion Lake duties and responsibilities as Trustees establishment of an OLETF database Cree Nation, a means of ensuring support and focused on strengthening all system. The database will be an effective and supplemental financial assistance administrative functions of the Trust. and efficient way to keep track of all the for Onion Lake students attending post- The Board engaged the experienced information on scholarship applicants secondary studies. The OLETF is a perpetual management consulting firm Munro and recipients each year. In addition, Trust that is established for both present and & Associates Inc. to assist in the the database will contain information future generations of Onion Lake students. proper establishment and ongoing in relation to sponsors, amounts, administration of the Trust with the stipulations and other information. Throughout the 2019-2020 fiscal year the financial assistance of the Onion Lake This new and important tool will assist Trustees were very active and carried Cree Nation. the Board and administrative staff to out the following: maintain continuity and consistency in • During the year the Board reviewed its business and administrative affairs • Board of Trustees meetings were held in and adopted comprehensive written involving the Trust Fund. April, May, August, October, December policies to provide clear rules for the 2019 and February, March 2020. management of the Trust Fund. • The accounting firm MNP LLP was Detailed minutes were taken at every engaged as independent external auditor meeting and copies are available to any for the 2019-2020 financial statements Onion Lake member. of the Trust. There is a longing among the youth of my nation to secure for themselves and their people the skills that will provide them with a sense of purpose and worth. “They will be our warriors; their training will be much longer and more demanding that it was in the olden days But they will emerge with their hand held forward not to receive welfare, but to grasp a place in society that is rightly ours.