The Fund

$60,000,000 was received from the federal government on April 27, 2000 and was invested in government securities as specified in the Foundation's funding Agreement. The Fund was split into: (i) operations, and (ii) grants, with the investments accruing directly to the relevant categories. The investments were set up for the best possible return and reinvestment strategies, and with staggered maturity dates.

In February 2003 the Government announced a $50 million funding boost to the Canadian Foundation for Climate and Atmospheric Sciences. This has enabled the Foundation to continue its support for university-based research in climate and atmospheric sciences. The increase brought the Foundation's budget to $110 million and extended its life to 2010. Funding stability has allowed the Foundation to support new networks and projects, to extend some current networks, to promote transfer of research results to the user community and to continue to serve Canada's climate needs. It also allowed the Foundation to act on recommendations from past workshops and from a mid-term evaluation of the Foundation's operations. The Foundation has now invested $116.6 million in university-based research related to climate and atmospheric sciences.

The Foundation has received no federal funding since 2003 and its current support for research will cease in 2010.