The NIB Trust Fund’s objectives are to:
Today the NIB Trust Fund supports education programs aimed at healing, reconciliation and knowledge building. Funds are available to First Nation and Métis individuals and organizations through a competitive application process. The goal of the NIB Trust Fund to help First Nations and Métis people, organizations and communities address the long-lasting impacts of the Indian residential school's system, and to support education programs aimed at healing and reconciliation over many years. All NIB Trust funding is accessed through a competitive application process.
To date, the NIB Trust Fund has funded over 440 Group Projects including language and cultural revitalization programs, back to the land programs, teaching circles, youth camps, traditional kinship connections, student support, certified training and scholarship programs. In addition, it has approved funding for 2,200 First Nation and Métis individuals engaged in Post-secondary, cultural learning, or training and certification.
The NIB Trust Fund is a new opportunity separate from previous compensation packages offered to former students of Indian Residential Schools.