Trust Performance Update
As at 31 December 2022, the total assets held under Investment was $187.04M, with $166.21M of those investments held within the Future Fund.
Operating expenses were higher during the quarter, but this was due to the Joint AGM and Consultation Meetings in October. $1.82M was spent on AGM expenses during the December Quarter, $1.64M of that on Member consultation and travel payments. Once AGM expenses are removed from total operating costs, $1.68M remains, which reflects Operational costs spent by GAC and GIPL during the quarter.
As at December 31, the Foundation has spent a total of $10.39M on Program Funding.