Multicultural Trust Fund

Scholarships and busaries: most of the excess of revenue over expenses each year is internally restricted as scholarship reserve for the purpose of providing scholarships for newcomer to canada in need of assistance with their post secondary education. This year 21 scholarships of $2 000 were granted for a total of $42 000. At the end of this fiscal year march 31 2024 internally restricted scholarship reserve amount totaled $ 265 079.