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During fiscal year 2007-2008, Human Resources and Social Development Canada was involved in the following Foundations.
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Name of Foundation: Peter Gzowski Foundation for Literacy | ||||||
Start Date: March 31, 2003 |
End Date: March 31, 2008 |
Total Funding: $5 million1 |
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Description:
The purpose of this foundation is to provide one-time funding and a vehicle for corporations and private citizens, who supported Peter Gzowski's work on literacy, to make donations in his name. |
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Strategic Outcome :
Enhance Canadian productivity and participation through efficient and inclusive labour markets, competitive workplaces and access to learning. |
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Summary of Results Achieved by the Recipient:
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$ Million | ||||||
Actual Spending 2005-2006 |
Actual Spending 2006-2007 |
Planned Spending 2007-2008 (A) |
Total Authorities 2007-2008 |
Actual Spending 2007-2008 (B) |
Variance(s) Between (A) and (B) |
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Program Activity : Learning | Nil | Nil | Nil | Nil | Nil | Nil |
Comments on Variance(s) : N/A |
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Significant Evaluation Findings and URL(s) to last Evaluation(s)/Future Plans N/A |
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Significant Audit Findings and URL(s) to last Audit(s)/Future Plans N/A |
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URL to Recipient's Site http://www.abc-canada.org/pgi_tournaments/ |
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URL to Recipient's Annual Report N/A |
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Note: 1The amount of $5 million was paid in 2003-2004. No further funding will be provided to the Foundation. Negotiations are almost complete to amend reporting obligations in order to meet the Office of the Auditor General and Treasury Board guidelines |
Name of Foundation: Canadian Council on Learning | ||||||
Start Date: March 31, 2004 |
End Date: March 31, 20101 |
Total Funding: $85 million1 |
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Description:
To support and promote evidence-based decision making in all areas of lifelong learning by regularly informing Canadians about Canada's progress on learning outcomes, and encouraging knowledge exchange among learning partners. |
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Strategic Outcome :
Enhance Canadian productivity and participation through efficient and inclusive labour markets, competitive workplaces and access to learning. |
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Summary of Results Achieved by the Recipient:
In support of its mandate to promote knowledge exchange and inform Canadians on learning issues and outcomes, the Canadian Council on Learning in 2007/08 accomplished the following: Informing Canadians
Knowledge Mobilization and Exchange
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$ Million | ||||||
Actual Spending 2005-2006 |
Actual Spending 2006-2007 |
Planned Spending 2007-2008 (A) |
Total Authorities 2007-2008 |
Actual Spending 2007-2008 (B) |
Variance(s) Between (A) and (B) |
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Program Activity: Learning |
Nil | Nil | Nil | Nil | Nil | Nil |
Comments on Variance(s) :
N/A |
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Significant Evaluation Findings and URL(s) to last Evaluation(s)/Future Plans
The summative evaluation of the Canadian Council on Learning is planned to be completed in Fall 2008. When published the report will be posted at: |
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Significant Audit Findings and URL(s) to last Audit(s)/Future Plans | ||||||
URL to Recipient's Site: http://www.ccl-cca.ca | ||||||
URL to Recipient's Annual Report: http://www.ccl-cca.ca/CCL/Reports/?Language=EN | ||||||
1A one-time grant was provided to CCL in fiscal year 2004/05. The authorities in the original funding agreement between HRSDC and CCL have been extended for an additional year. The original grant of $85 million remains unchanged. All funds are to be dispersed by March 31, 2010. |
Name of Foundation: The Canada Millennium Scholarship Foundation | ||||||
Start Date: 2000 |
End Date: 2010 |
Total Funding: $2.5 billion |
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Description:
The Budget Implementation Act, 1998, provides for the creation of the Canada Millennium Scholarship foundation. The Act establishes that the Minister of Human Resources and Social Development is responsible for tabling the Foundation's annual report before Parliament and provides for the $2.5 billion endowment made to the Foundation in 1998. As announced in Budget 2008, the Canada Millennium Scholarship Foundation will not be renewed after its mandate expires in 2010. The endowment is managed in accordance with the Funding Agreement between the Foundation and the Government of Canada, as represented by the Ministers of Finance and Human Resources and Social Development. The objective of the foundation is to increase access to post-secondary education so that Canadians can acquire the skills needed to participate in a changing economy and society by granting scholarships to students who are in financial need and who demonstrate merit. |
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Strategic Outcome :
Enhanced Canadian productivity and participation through efficient and inclusive labour markets, competitive workplaces and access to learning. |
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Summary of Results Achieved by the Recipient:
Note: Results and figures are based on the Canada Millennium Scholarship Foundation's fiscal year which runs from January 1 to December 31. |
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$ Million | ||||||
Actual Spending 2005-2006 |
Actual Spending 2006-2007 |
Planned Spending 2007-2008 (A) |
Total Authorities 2007-2008 |
Actual Spending 2007-2008 (B) |
Variance(s) Between (A) and (B) |
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Conditional Grant(s) | 299.9 | 330.1 | 348.0 | N/A | 358.0 | (10.0) |
Administration | 21.0 | 22.5 | 26.2 | N/A | 24.8 | 1.4 |
Comments on Variance(s) :
The variance between (A) and (B) is a result of carryovers in annual allocations to the bursary program in specific provinces, which were produced as a result of student withdrawals from full-time studies or other terms and conditions of payment not being met. This results in a cash rollover from the previous year's to future years' allocation. 2007-2008 spending was above planned spending because unspent funds from previous years were reallocated. |
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Significant Evaluation Findings and URL to last Evaluation(s) / Future Plans:
Interim first year results of the evaluation of the Canada Student Loans Program indicate that there are interactions with other Postsecondary education programs that are not well understood. In particular, under certain circumstances, every dollar paid out by the Millennium Foundation, or saved using an registered Education savings plan, results in a one dollar reduction in the student loan. Thus, the net-impact of these programs (or that of the CSLP) is reduced due to their interaction with CSLP. |
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Significant Audit Findings and URL to last Audit(s) / Future Plans:
The Foundation's annual audit has been conducted in the first quarter of 2007-2008, and program reviews and audits of granting processes will be conducted in three provinces. The Office of the Auditor General conducted an audit of the Canada Millennium Scholarship Foundation and of the Canada Student Loans Program. They found that the Canada Millennium Scholarship Foundation's bursary programs are well managed and that the Foundation has the necessary controls in place to ensure that eligibility for bursaries is assessed correctly and that payments are issued in the right amounts to the right people. They also found that the Canada Millennium Scholarship Foundation obtains reasonable assurance that the provinces and territories are fulfilling their responsibilities in delivering the programs. Furthermore, the Canada Millennium Scholarship Foundation was found to collect adequate information to report its achievements against objectives and meet its obligation to report the results of its activities to Parliament. URL to Auditor General URL to Treasury Board Evaluation of Foundations: |
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URL to Foundation site: | ||||||
URL to Foundation's Annual Report containing audit results:
http://www.millenniumscholarships.ca/en/aboutus/AnnualReport.asp |