{"id":3963,"date":"2020-03-17T21:28:04","date_gmt":"2020-03-17T21:28:04","guid":{"rendered":"http:\/\/www.firstnationstrust.com\/fnt_wp\/?page_id=3963"},"modified":"2020-03-18T19:07:51","modified_gmt":"2020-03-18T19:07:51","slug":"how-the-funds-work","status":"publish","type":"page","link":"https:\/\/www.firstnationstrust.com\/fnt_wp\/?page_id=3963","title":{"rendered":"How the Funds Work"},"content":{"rendered":"

[vc_row equal_height=”yes” css=”.vc_custom_1575461767578{padding-top: 60px !important;padding-bottom: 70px !important;}”][vc_column css=”.vc_custom_1575458048778{padding-bottom: 55px !important;}”][vc_row_inner][vc_column_inner width=”1\/2″ css=”.vc_custom_1583533464473{margin-bottom: 45px !important;border-right-width: 3px !important;padding-top: 30px !important;padding-bottom: 30px !important;border-right-color: #c2000b !important;border-right-style: solid !important;}” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0 vc_col-xs-6″][\/vc_column_inner][\/vc_row_inner]

<\/div>

How the Funds Work<\/h2><\/div><\/div>[vc_column_text]<\/p>\n

The First Nations Trust (FNT) was created by the Federation of Saskatchewan Indian Nations (FSIN) in May 2003.\u00a0 The foundation document for establishing the FNT is called the Trust Indenture.\u00a0 This agreement was reached following a long history of gaming by First Nations and relatively recent developments and negotiations with the Province of Saskatchewan.<\/p>\n

The Trust Indenture is divided into sections covering the key aspects that govern the relationship between the Trustees and the beneficiaries of the Trust.\u00a0 Within that relationship, the main purpose of the FNT is to distribute the First Nations\u2019 share of the net profits from gaming due to them, as a result of Framework Agreements, between the Federation of Saskatchewan Indian Nations (FSIN) and the Province of Saskatchewan.<\/p>\n

The Trust receives First Nations\u2019 share of gaming profits on a quarterly basis through the Saskatchewan First Nation and M\u00e9tis Affairs Department. The FNT is then responsible for the distribution of these funds to the beneficiaries of the Trust.\u00a0 Details relating to this major responsibility of the Trust can be found in the Trust Indenture.<\/p>\n

Most of the sections of the Trust Indenture have subsections that give more detail about the topic. Sections in the Trust Indenture include:<\/p>\n

Trust Property (defines the assets of the Trust)
\nPurpose of the Trust (why was FNT established)
\nDistribution of the Trust property (purposes money is distributed for)
\nNumber, Appointment and Replacement of Trustees
\nPowers and Authorities of Trustees
\nDuties of Trustees (including administrative, legal responsibilities and their responsibilities to beneficiaries)<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row equal_height=”yes” css=”.vc_custom_1575461767578{padding-top: 60px !important;padding-bottom: 70px !important;}”][vc_column css=”.vc_custom_1575458048778{padding-bottom: 55px !important;}”][vc_row_inner][vc_column_inner width=”1\/2″ css=”.vc_custom_1583533464473{margin-bottom: 45px !important;border-right-width: 3px !important;padding-top: 30px !important;padding-bottom: 30px !important;border-right-color: #c2000b !important;border-right-style: solid !important;}” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0 vc_col-xs-6″][\/vc_column_inner][\/vc_row_inner][vc_column_text] The First Nations Trust (FNT) was created by the Federation of Saskatchewan Indian Nations (FSIN) in May 2003.\u00a0 The foundation document for establishing the FNT is called…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"give_campaign_id":0,"footnotes":""},"class_list":["post-3963","page","type-page","status-publish","hentry","description-off"],"campaignId":"","_links":{"self":[{"href":"https:\/\/www.firstnationstrust.com\/fnt_wp\/index.php?rest_route=\/wp\/v2\/pages\/3963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.firstnationstrust.com\/fnt_wp\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.firstnationstrust.com\/fnt_wp\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.firstnationstrust.com\/fnt_wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.firstnationstrust.com\/fnt_wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3963"}],"version-history":[{"count":5,"href":"https:\/\/www.firstnationstrust.com\/fnt_wp\/index.php?rest_route=\/wp\/v2\/pages\/3963\/revisions"}],"predecessor-version":[{"id":4083,"href":"https:\/\/www.firstnationstrust.com\/fnt_wp\/index.php?rest_route=\/wp\/v2\/pages\/3963\/revisions\/4083"}],"wp:attachment":[{"href":"https:\/\/www.firstnationstrust.com\/fnt_wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}