The
Fund was established in 1991 by Maclean Hunter Limited with
capital endowments of $29.2 million and has since become
independent of any parent company. The annual revenues generated
by the endowment and recoupment on investments constitute
the funds at the Board's disposal each year. The Fund is
"certified" by the CRTC as an independent production
fund, eligible to receive BDU (Broadcast Distribution Undertaking)
contributions. The IPF receives annual contributions from
Mountain Cablevision Ltd.
The
Foundation is incorporated federally as a corporation without
share capital and has been granted charitable status. The
Board of Directors which represents the industry makes all
funding decisions. The operations of the Fund are administered
by offices in Toronto and Montreal.
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