Sḵwx̱wú7mesh Úxwumixw Trust
Address: Suite 905 – 100 Park Royal, West Vancouver, BC V7T 1A2
On May 11, 2000, the Government of Canada signed a Settlement Agreement with Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) to settle a series of claims first commenced by the late Chief Joe Mathias on June 30, 1977. Nation Members ratified the terms of the Agreement.
As compensation for this settlement, Canada paid the sum of $92.5 million into a Trust account governed by a Trust Agreement. Under the terms of the Agreement, Sḵwx̱wú7mesh Úxwumixw Trust has been established to hold the funds remaining after the initial distribution and any income earned on the remaining funds from the settlement for the benefit of the current and the future generations of Members.
Funds from the income may be available on an annual basis for projects after all Trust expenses are paid (including 20 per cent of the income for annual distribution to Members). These funds are made available to Members and Nation departments.
Letter to Members from Squamish Nation Trust
March 22, 2023
The Trust investments faced an exceptional downward trend in market conditions, including both bonds and equities. The income earned is much lower than in previous years. The Trustees believe we need to give the markets a chance to rebound and stabilize and preserve the positive earnings that were made.
We must focus on our obligations to the future generations and not make a distribution of the 2022 income this year.
For more information, the SNT Annual Report will be delivered to your door this month. Members can also login to this webpage to read the Report. Additionally, we are hosting in person AGMs, April 12 at Chief Joe Mathias Centre and April 20 at Totem Hall. UPDATE APRIL 12, 2023: this meeting has been postponed due to recent losses in the community. April 20 will proceed as scheduled.
If you have further questions, contact Chris Angeconeb at 604-659-7437 or email the Trustees at email@example.com.
Respectfully, Squamish Nation Trustees: Kathleen Smith, Brad Baker, Chief Leanne Joe, Mindy Wight
The Trustees are appointed by Nexwsxwníw̓ntm ta Úxwumixw (Council) to serve staggered four-year terms. No members of Nexwsxwníw̓ntm ta Úxwumixw are eligible to serve as a Trustee. The Trust Agreement requires an independent Trust Corporation to be appointed as the fifth Trustee. The Trustees are to administer the Trust in accordance with the Trust Agreement and the Comprehensive Plan, which has been approved by Membership, as well as an established Investment Policy.
Reappointed December 2020
- Bradley Raymond Baker, Tsúnumut (email: firstname.lastname@example.org)
- Kathleen Smith, Sosuliya (email: email@example.com)
Reappointed November 2022
- Chief Leanne Joe, Sxwpílemaat Siy̓ám̓ (email: firstname.lastname@example.org)
Appointed November 2022
- Mindy Wight (email: email@example.com)
The independent administrative trustee is The Canada Trust Company (TD), Chris Angeconeb (email: firstname.lastname@example.org)
(Member access only – login required)