No, based on the Trust Agreement only one per capita distribution is allowed.
The Trust Agreement does not allow for individuals to personally benefit from the Trust property. Individuals can apply as a registered business owner(s) or on behalf of organizations. As per Section 8, — USE OF TRUST PROPERTY, of the Trust Agreement.
They both have a Community Fund application process. TLE’s application is once a year and Surrender Claim Trust is 3 times a year. They both have different Trustee’s and Trust Agreements. TLE has been in effect since 2009 and SCT since 2011. TLE’s primary function is to acquire land and SCT is too benefit the beneficiary and it members for community purposes.
This is a requirement under the Trust Agreement. The Investment Manager and Corporate Trustee have specialized services and skills that are needed to manage a Trust of this nature.
We now have a Community Fund Project Officer at the Trust Office who is available to help applicants with the process. Workshops will be available free of charge throughout the year. Application deadlines are March 1st, July 1st , and November 1st of each year.
The only way for the Beneficiary and its member to access funds from the Trust property is by application to the Community Fund. Trustees are obligated to follow the Trust Agreement and the process to access Trust Property is outlined in the Agreement, Section 8.2.
The Trustees have implemented a Project Reporting process. All projects must report back to the Trust so Trustees can ensure funds were used as intended. Funds will not be dispersed again to any applicant if reports are not produced and submitted. A complete list of all projects that have provided project reports will be listed on our website.
In order for Trustees to make decisions on funding applications it is important we understand your proposal and have all the information necessary to make an informed decisions. Trustees have an obligation to ensure funds will be used effectively and meet the criteria set out in the Trust Agreement.