Atlantic Salmon Conservation Foundation ANNUAL REPORT 2008 Atlantic Salmon Conservation Foundation • Annual Report 2008 1 TABLE OF CONTENTS Annual Report 2008 . 1 Message from the Chair . 3 Executive Director’s Report . 4. Mission Statement and Goals: Objectives for 2008 . 5 Provincial Project Profile New Brunswick . 8. Newfoundland & Labrador . 9 Nova Scotia . 10 Prince Edward Island . .11 . Québec . 12 Interprovincial . 13 Reports & Statements Selection of the Projects for Funding . .14 . Auditors’ Report . 18. Statement of Operations and Changes in Fund Balances . 19 Statement of Financial Position . 20 Statement of Cash Flows . 21. Notes to the Financial Statements . .22 . Schedule of Investments . 24. Statement of Remuneration . 24. ASCF Personnel Officers, Directors & Board Committees . 25. ASCF/FCSA Structural Model . .25 . Advisory Committees . 26. Conservation Partners . 27. Atlantic Salmon Conservation Foundation • Annual Report 2008 ANNUAL REPORT 2008 Introduction The Atlantic Salmon Conservation Foundation is a non- This annual report reflects the Foundation’s second year of profit, charitable organization dedicated to improving and operation . 2008 continued the organizational development strengthening the conservation of wild Atlantic salmon and activities initiated in the first eleven months of 2007, and in its habitat in Atlantic Canada and Quebec . which all of the important volunteer-based advisory struc- tures were finalized and implemented . The year also wit- The Foundation is a volunteer-based organization incorpo- nessed completion of the Foundation’s first round of salmon rated in 2005 in response to the Federal Budget announce- conservation funding proposals and the launch of a call for ment that year of intent to create the Atlantic Salmon En- proposals for 2009, both of which represent new begin- dowment Fund . The Board of Directors of the Foundation nings in promotion of community partnerships in salmon are volunteers, along with many others who have come conservation . together to ensure the wise use of the trust fund for the conservation purposes for which it is intended . Background The Foundation has the dual mandate of prudently investing the trust funds to generate income while preserving capital, The Atlantic Salmon Conservation Foundation (the Founda- and ensuring that the organization is well managed so it can tion) was formed by a group of volunteers who came to- provide funding to eligible salmon conservation initiatives in gether in 2005 to discuss preparation of a proposal to the Atlantic Canada and Quebec, in perpetuity . Minister of Fisheries and Oceans to assume responsibility for the Atlantic Salmon Endowment Fund (ASEF) Program which was created by the Government of Canada in 2007 as a permanent source of funding to help conserve, restore and protect wild Atlantic salmon and their habitat in Atlantic Canada and in Quebec . The ASEF reflected the calls of conservation organizations, Aboriginal groups and government officials for a permanent source of funding to help watershed and community organi- zations working on a range of wild Atlantic salmon habitat, enhancement, monitoring and conservation initiatives . This new initiative was intended to mimic in many ways the Pa- cific Salmon Endowment Fund (PSEF), implemented in 2001 for conservation of Pacific salmon populations . In other words the organization created as a result of the ASEF would: (i) Be managed at arms-length from DFO by an incorpo- rated organization; Sen. Michael Meighen, Stephen Chase, Bill Taylor Photo: ASF (ii) Be a charitable organization; (iii) Invest appropriated funds and hold them in trust; (iv) Draw on contributions from other public and private sources . The most significant feature of the Foundation model is the (v) Deliver the program from interest raised on the princi- inclusion of volunteer experts drawn from conservation pal amount . groups, Aboriginal organizations and federal and provin- (vi) Facilitate partnership with the provinces, Aboriginal cial governments in all of its advisory processes . The Board groups and community volunteer organizations . of Directors of the Foundation actively relies on advice and recommendations forthcoming from the six technical-advi- There are, however, key differences between the Foundation sory committees to guide the work of the Foundation . It is a that emerged to take responsibility for the trust and the PSEF model of partnership and inclusiveness that is unique in the model . The ASCF operates in the large and complex geograph- conservation world . ic, political and stock status environment of Atlantic Canada Atlantic Salmon Conservation Foundation • Annual Report 2008 1 ANNUAL REPORT 2008 Introduction and Québec, as compared to one province . To address these The Granting Process complexities the Foundation has created an inclusive, expert advisory committee structure that is unique in terms of open- The Foundation is interested in funding innovative projects ing all processes to broad and meaningful involvement . that will have a high probability of success with measur- able results for on-the-ground conservation of wild Atlantic salmon and its habitat . Technical Advisory Committees The Foundation considers eligible projects related to the follow- The Foundation has implemented a voluntary technical ing categories: advisory committee structure as a strategic direction that • Development of salmon and salmon habitat conservation promotes inclusiveness and partnership, while assuring plans for a watershed or sub-watershed excellent advice in being responsive to the unique salmon (watershed planning) conservation imperatives among the five provinces . There • Conservation, rebuilding and restoration of wild Atlantic are six advisory committees comprised of a Central Adviso- salmon and salmon habitat ry Committee and five Provincial Advisory Committees . All • Restoring access of wild Atlantic salmon to salmon habitat nominations to these committees are volunteers proposed • Public education and awareness of the importance of con- by stakeholder groups and governments . servation of wild Atlantic salmon and its habitat . Total Project Budgets Emphasis is placed on improved conservation planning and management at the watershed level, as an ecological and geographic unit, as a way to promote most effective use of, $800,000 and accountability for project funds . $700,000 For the foreseeable future the Foundation intends to offer $600,000 one annual round of calls for funding proposals held in No- $500,000 vember-December . Proposals for funding are reviewed by $400,000 the advisory committees in the period February – March. Each advisory committee follows standard proposal assess- $300,000 ment and scoring procedures designed by the Central Ad- $200,000 visory Committee . Recommended proposals are considered $100,000 by the Board in April to enable all final approvals to be given before the opening of the conservation field season . L B S I e v $- N E u o N N P Q r rp te In Total Budget Requested Total Budget Approved Grants Compared to Applications $400,000 The Central Advisory Committee is a committee of technical experts with the mandate to assist the Board of Directors in $350,000 the design of effective tools and processes and the adoption $300,000 of conservation goals and to help monitor Foundation prog- ress and performance . $250,000 $200,000 The five Provincial Advisory Committees are responsible $150,000 for identifying the salmon conservation priorities unique to each province, reviewing proposals for conservation fund- $100,000 ing and making recommendations on which projects should $50,000 be approved for funding . They also participate actively in L B S I e v $- N E u o N N P Q r monitoring approved projects to help ensure that they are rp te progressing as intended . These committees meet twice an- In nually to carry-out their responsibilities . Applications Grants Atlantic Salmon Conservation Foundation • Annual Report 2008 2 MESSAGE FROM THE CHAIR Honourable Rémi Bujold, P.C. C.M. The wild Atlantic salmon is an In the interim, and in full rec- “...in so many amazing fish when you consider ognition that the fundamental the enormous natural and hu- purpose of the trust fund is to ways (the wild man caused challenges it faces provide funding to worthy salm- as it lives and migrates in the on conservation initiatives, the Atlantic salmon) freshwater and marine environ- Board of Directors has adopted a should be an ments . The fact that the salmon long-term financial strategy that is able to surmount these chal- will make available a minimal inspiration to lenges and continue to reward amount of conservation funding, us in so many ways should be an until recovery . us all.” inspiration to us all . I wish to thank our extensive The Atlantic Salmon Conservation and hard working body of vol- Foundation was formed to help unteers, from the Advisory Honourable Rémi Bujold, P .C, C .M . address some of the challenges Committees to our Directors and Chairman of the Board of Directors faced by the salmon . Like the Members, for our early success- salmon, however, the Founda- es as a fledgling conservation tion is facing its own challenges . organization . We all appreciate First, the challenge to quickly and the importance of stewardship effectively organize to meet the of the wild Atlantic salmon and huge expectations of conserva- all share the responsibility of tion groups and government to making the Foundation a posi- identify and provide funding