Atlantic First Nations create new foundation to pursue philanthropic funding

Atlantic Canada's First Nations communities have established a new foundation to better connect with Canada's philanthropic organizations.

Organizers say the goal of the Ulnooweg Indigenous Communities Foundation is to pursue opportunities for donations, grants and investments.

They say there is a gap to bridge in order to work better with charitable organizations.

The new foundation is a federally incorporated registered charity.

Qualified donees are to include registered charities and public bodies such as First Nations bands registered with the Canada Revenue Agency.

The foundation plans to work with Indigenous communities to establish philanthropic plans and goals and to create and manage new endowment funds.