Good morning Kahkewistahaw First Nation,Thank you for your patience as our leadership team and financial advisors finalized the plan for the Agriculture Benefits Settlement’s per capita distribution (PCD).
After careful consideration and listening to feedback from our membership, we have made two significant changes to the original plan presented at the meetings in Kahkewistahaw F.N., Regina, and Calgary:
Increased Adult PCD – Each adult member of KFN will now receive $30,000, the same as an elder. This decision was made in response to feedback emphasizing the immediate impact of these funds rather than delaying distribution until members turn elder age. After careful review, we have adjusted accordingly.
Minors’ Trust Funds & Interest Accrual – The PCD for minors will remain $2,500, but their trust funds will now accrue interest. Upon turning 18 years old, that member will receive $27,500 plus interest. This change was made following recommendations from parents and consultations with our financial advisors.
To accommodate these adjustments, $7 million will be reallocated from the $63 million initially designated for investment with the Legacy Trust. As a result, the total investment in the Legacy Trust will now be $56 million. All other allocations outlined in the presentation slides and available at www.kfn72.com remain unchanged.
As always, we will present the Legacy Trust financial report every June, alongside the 1907 Specific Claim Trust report, so that KFN members can see where and how their money is working for them.
Our finance team has outlined the following requirements to receive your distribution:
Bank Accounts – Each member, including minors, must have their own bank account. Funds cannot be deposited via electronic transfer without an individual account. Identification & Banking Information – Each member must provide a valid form of identification along with their banking details when submitting their information.We will share the process for submitting your information later today once we receive final confirmation from the bank. In the meantime, we recommend setting up your bank account and gathering the required identification if you haven’t already.
We anticipate the PCD electronic funds transfer to your bank account in mid-to late April, giving you ample time to complete these steps. The submission email address will be provided on social media and the KFN website later today. We are almost there, so get those documents ready!
Thank you again for your patience and understanding. Our leadership team has learned from this experience, and we will apply these lessons in our after-action review to recognize successes and improve future processes.
Have a great weekend, and go Round Lake Bears 
!
!On behalf of the KFN Council,
Chief Evan Taypotat
