Canada Millennium Scholarship Foundation

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Organization

The Canada Millennium Scholarship Foundation's head office is located in Montreal. The Foundation has no regional offices.

The Canada Millennium Scholarship Foundation is financed by a ten-year sinking fund. The operation of this fund is prescribed by an agreement overseen jointly by the Minister of Finance and the Minister of Human Resources and Social Development Canada. The Foundation's policies, however, are set by its Board of Directors and its Members.

The Canada Millennium Scholarship Foundation's fifteen Members appoint nine Directors to the Foundation's Board. The remaining five Directors and the Chairperson are appointed by the Governor in Council. Directors and Members are drawn from all regions of Canada and are chosen for their knowledge of post-secondary education and learning in Canada and the needs of the Canadian economy. The Board maintains three Standing Committees: Audit and Finance, Public Relations, and Governance and Strategic Planning.

Office of the Executive Director and Chief Executive Officer (CEO)
The office of the Executive Director and Chief Executive Officer provides advice and support to the Board of Directors and Members and has overall responsibility for the implementation of their decisions.

Millennium Bursary Programs/ World Petroleum Council Millennium Scholarship Program
This Section manages and delivers the Foundation's two bursary programs: the Millennium Bursary Program (need-based grants) and Millennium Access Bursaries (income-based grants). The yearly value of these programs is approximately $345 million (about 130,000 non-repayable grants each year). The Section also operates the World Petroleum Council Millennium Scholarship Program on behalf of the WPC-Canadian Association, delivering 200 petroleum-related scholarships each year, organizing scholar recognition events with the industry and managing the program Web site.

Millennium Excellence Award Program
This Section manages and delivers the Foundation's merit programs through the Millennium Excellence Award Program (MEAP). The MEAP assesses close to 13,000 student applications annually for its entrance and in-course awards. It supports 21 laureate chapters, operates an online community for its laureates, runs two national conferences each year, supports six students organized regional meetings, evaluates and administers internship/project grants and supports growing alumni activities.

Communications
The Communications Section develops the Foundation's communications strategies and provides communications-related advice and support to the Board and Members, to the Executive Director and CEO and to all Foundation programs. It is responsible for media and government relations, the Foundation's press releases and press conferences, joint communications projects with institutional and government partners, and it manages the design, printing and dissemination of the Foundation's corporate and program-related brochures, manuals, reports and documents, as well as its research publications. This Section also organizes a wide range of public and invitational events, including scholar recognition ceremonies, briefings for members of parliament, etc.

Development
The Development Section develops and manages Foundation partnerships with education associations and non-governmental organizations and has responsibility for a variety of special projects developed with these partners, including the Canadian Post-Secondary Access Partnership and related community access pilots. This Section also designs and develops the Foundation's Web sites, electronic publishing, corporate and program-related advertising, and organizes the Foundation's presence at education trade shows.

Finance and Operations
The Finance and Operations Section provides advice and support to the Board's Audit and Finance Committee and to the Executive Director and CEO on issues related to the financial management and operations of the Foundation and its programs. It manages the Foundation's investment portfolio through its various fund managers; implements investment and other financial policy decisions of the Board; supports the work of the Foundation's internal and external auditors; controls Foundation contracts and expenditures; and manages Foundation disbursements. The Section is also responsible for the Foundation's physical assets, facilities and equipment, as well as systems development and maintenance.

Research and Program Development
The Research and Program Development Section designs and develops the Foundation's research agenda and has primary responsibility for design and development of the Foundation's access-related programs. It also has lead responsibility for ongoing program evaluations. The Section provides research and policy-related advice and support to the Foundation's Board and Members, as well as to the Executive Director and CEO. It manages research and development projects on behalf of the Foundation, including the Millennium Research Program.

The Millennium Research Program contracts with researchers across Canada and internationally to implement the Foundation's research agenda and is responsible for the Millennium Research Series of publications in addition to the Foundation's flagship publication, The Price of Knowledge. The Section designed and is implementing the Millennium Pilot Projects with provincial and institutional partners. It provides regular research briefings for government and institutional policy-makers, student financial aid administrators, student leaders and other Foundation stakeholders. The Section also organizes regular annual policy and research conferences.

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