Endowment Fund Committees
The terms of the 1999 Agreement and the United States implementing legislation provide that the Northern and Southern Funds will be administered by bilateral committees, each comprised of three Canadian and three U.S. members.
By June of 2000, Canada and the United States had identified the respective members of their committees. For the Northern Fund Committee, Canada appointed one official of Fisheries and Oceans Canada and one Canadian member from each of the PSC’s Northern and Transboundary Panels. The United States appointed the Alaska Commissioner and Alternate Commissioner to the PSC and the Administrator of the Alaska Region of the National Marine Fisheries Service or their designate.
For the Southern Fund Committee, Canada appointed one official of Fisheries and Oceans Canada and one Canadian member from each of the PSC’s Southern and Fraser River Panels. The United States appointed the Administrator of the Northwest Region of the national Marine Fisheries Service or their designate; one representative for both the states of Washington and Oregon; and, one representative of the Treaty Tribes involved in the PSC.
The Fund Committees have two responsibilities:
- Overseeing the investment of the funds to produce earnings that will support approved activities, and
- Approving expenditures from the funds to support selected projects.
Two full time staff members at the PSC Secretariat, paid from Fund administrative fees, coordinate all day-to-day Fund activities and assist in the annual Calls for Proposals.