|2002/03 Annual Service
Ministry of Community, Aboriginal and
Appendix E — British Columbia Heritage Trust Performance
In its Service Plan for 2002/03 – 2004/05, the Board of the
Trust noted that a significant activity for fiscal 2002/03 would
be a review of the Trust's mission and activities. This review was
undertaken in context with the government-wide Core Services Review
and Deregulation Initiative.
As a result of the Core Services Review of all Crown corporations,
the decision was made to terminate the operations of the Heritage
Trust by March 31, 2003.
|Termination of the Trust required
||The review of all existing financial commitments
to determine those projects that could be responsibly paid out,
those that should be terminated and those that should be carried
forward as liabilities of the Province.
||The disbursement of all funds held by the
Trust in the Heritage Trust Fund in a manner consistent with
the objects of the Trust.
||Amendments to the Heritage Conservation
Act and other statutes to eliminate the Trust as an agent
of the Crown as of April 1, 2003.
All three steps were successfully completed by March 31, 2003.
During the fiscal year, the Trust made a total of 34 project awards.
These included 26 projects with a total investment of $214,425
within the regular program guidelines and voted allocation for the
year. The Trust also awarded eight special grants totaling $1.2 million
to disburse its remaining financial assets. Most of the investments
were in the form of program support to non-profit heritage organizations,
scholarships, student prizes and study grants. These will advance
the primary strategic direction of the Trust — to invest
in community heritage planning, capacity building and other initiatives.
In addition, several of the commitments will support the Trust's
second strategic priority — to contribute resources towards
the implementation of the Historic Places Initiative in British
The most significant of the eight special grants was a $500,000
start-up contribution to establish the British Columbia Heritage
Legacy Fund within the Vancouver Foundation. The Province contributed
a further $4.5 million to this endowment. The fund will be developed
and guided by a new non-profit entity to be established by the Heritage
Society of BC and the Land Conservancy of BC. The goal of the society
will be to match the initial provincial endowment and create a sustainable
non-government source of funds to support community heritage initiatives.
In addition to the above investment, the Trust provided grants
to the Heritage Society of BC ($400,000), University of Victoria
Cultural Resource Management Program ($90,000), Simon Fraser University
City Program ($90,000), Underwater Archaeological Society of BC
($63,500), The Land Conservancy ($56,000), BC Historical Federation
($15,000) and Archaeological Society of BC ($15,000). These final
investments of the Trust will assist the conservation of British
Columbia's heritage and build capacity and sustainability within
the heritage community.
From its establishment in 1978 to its termination in 2003, the
Trust provided financial support to over 2,300 heritage initiatives
across British Columbia with a total investment of almost $30 million.
This assistance generated community contributions estimated in excess
of $90 million.