Sea King

1991 – Air Cadet 50th Anniversary Trust Fund

 

The Air Cadet Trust Fund

Early History

The Air Cadet 50th Anniversary Trust Fund of the RCAF Association was created in 1991. RCAF Association members affiliated with every Wing in the Association made a contribution to the RCAF Association Trust Fund, designated to the Air Cadet 50th Anniversary Project, to the grand total of $67,000.oo. The Air Cadet Trust Fund consequently started with an investment of$60,000.oo and the remaining $7,000.oo was distributed in the form of S300.oo Continuation Flying Training Awards (CFTA) to worthy Air Cadets from across Canada who had achieved wings standard during the National Air Cadet Power Flying Program. The intent was to distribute twenty (20) annual CFTA awards from the interest income earned each year. Regretfully, the annual interest rate decreased significantly in the years following 1991 and the RCAF A Trust undertook to augment the annual funds available and to increase the capital investment to a point of self sustainment. By the year 2000, the capital investment had reached $100,000.oo and 200 CFTA awards each valued at $300 had been presented to worthy Air Cadets selected by the Air Cadet League of Canada, and presented to the winners by members of the RCAF Association. The capital investment in the Air Cadet Trust reached S184,000.oo sometime in 2005, and the goal changed so as to present not twenty but twenty-five (25) annual CFTA awards valued at $7,500. The fund has reached temporary self sustainment due to a few longer term investments but renewals at current interest rates remain a matter of concern. Thanks to the generosity, of George Mitchell, IPP 441 Wing , Barrie, who donated S40,000.oo to our Air Cadet Trust Fund, his further donation of S70,000.oo created two new awards of S1000.oo annually to the top Male and top Female graduates of the Air Cadet Flying Scholarship program. Acknowledging that the S300.oo award now provides for an insignificant number of flying hours the Association requested that the Air Cadet League change the name of the CFTA to Pilot Training Achievement Award (PTAA) which would suitably recognize a past achievement (pilot wings) of a cadet seeking a career in civil, military, or industrial aviation. The Air Cadet League has approved this request.
Ron Button, BGen (Ret’d), Chairman, RCAF A Trust, and Trustee, Air Cadet 50th Anniversary Trust Fund of the RCAF Association.

In recent years, every effort has been made to continue increasing the principle so as to be able to draw up to three $2,500 bursaries/scholarships. The $300 bursary was deemed to low to be of any significant value in terms of flying lessons (continuation or otherwise) so the amount was raised to $2,500. As of 1 January 2021 the principle amount sits at $291,000, and the RCAF Association Trust Fund would like to reach $300,000 before 1 July 2021.

30th June 1992

A grant of $1,000 was approved to the Air Cadet League 50th Anniversary Trust Fund of the Royal Canadian Air Force Association.

30th June 1993

The Trustees acknowledged a donation of $150 to the Air Cadet Scholarship Fund from Alberta Group.

1st May 1994

In FY 1993/1994 trustees approved a $900 grant to the Air Cadet 50th Anniversary Trust Fund of the RCAF Association.

June 1994

In FY 1993/1994 trustees approved $1,050 worth of grants to the Flying Scholarship Funds.

3rd June 1994

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $900 be forwarded as a donation to the Air Cadet League 50th Anniversary Trust Fund.

4th October 1994

Trustees acknowledge two FY 94/95 designated donations:

  • $5,000 from the 426 Squadron Association, to be added to our Capital Investment of $60,000 in the “Air Cadet 50th Anniversary Trust Fund of the RCAF Association.”
  • $1,000 donation from 484 (Frontier) Wing, Fort Erie, to augment the annual scholarship awards created by the “Air Cadet 50th Anniversary Trust Fund of the RCAF Association.”

28th February 1995

On behalf of the members of the NEC and the general membership of the Air Force Association of Canada, thank you for your very kind donation of $300 to the RCAF Association Trust Fund.

Your thoughtfulness in this regard is highly appreciated and we will be very pleased to channel this gift per your request to augment the annual scholarship awards created by the “Air Cadet 50th Anniversary Trust Fund of the RCAF Association”.

June 1995

In FY 1994/1995 trustees acknowledge two FY 94/95 designated donations

  • $5,000 from the 426 Squadron Association, to be added to our Capital Investment of $60,000 in the “Air Cadet 50th Anniversary Trust Fund of the RCAF Association”.
  • $1,000 from 484 (Frontier) Wing, Fort Erie, Ontario to augment the annual scholarship awards created by the “Air Cadet 50th Anniversary Trust Fund of the RCAF Association”.

June 1995

In FY 1994/1995 trustees approved $2,550 worth of grants to the CFTA.

13th October 1995

Dear sir, please accept our thanks for your generous and helpful contribution of $125 to the Air Cadet 50th Trust. It is very much appreciated.

31st October 1995

Trustees acknowledged a donation from 484 Wing, in the amount of $5,000 designated for the Air Cadet CFTA. 484 Wing has donated $11,000 to this program since 1989. A most commendable achievement.

Trustees acknowledge a donation collected from delegates at the AGM, in Edmonton in the amount of $125. These funds were designated by the ladies responsible for the collection, to the Air Cadet CFTA program.

FY 1995/1996

The Chairman reported that the Capital Investment of the Air Cadet 50th Anniversary Trust Fund of the RCAF Association, is now $75,000. In FY 95/96 $10,000 of designated donations were added to the Capital Investment and $1,923 were used to augment the 1995 CFTA. 110 CFTA have been presented to deserving Air Cadets across Canada since 1991 and funds are available for 23 Association awards in 1996.

8th January 1996

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $150 be forwarded as a donation to the Flying Scholarship Awards program.

This donation has been made possible as the result of a contribution received from the National President of the Air Force Association of Canada.

8th January 1996

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $200 be forwarded as a donation to the Flying Scholarship Awards program.

This donation has been made possible as the result of a contribution received from the National President and members of the Air Force Association of Canada.

13th January 1996

Please find enclosed here with our copies in the sum of $1,000 payable to the RCAF Trust Fund. We are pleased to forward these funds to augment the annual scholarship awards.

19th January 1996

Designated donations to the Air Cadet 50th Anniversary Trust Fund of the RCAFA (CTFA) continue to dominate Trust activities. During the period 1st July 1995 to 31st Dec 1995 $10,423 in designated donations were passed to the Air Cadet League. Our capital investment has been established at $75,000 and 110 CTFA have been distributed to deserving Air Cadets across Canada, since 1991 . We require interest of $6,000 annually to provide 20 x $300 awards.

Since 1st January 1996, an additional three donations in the amount of $1,3500 have been designated to the CTFA program.

22nd January 1996

On behalf of the members of the NEC and the general membership of the Air Force Association of Canada, thank you for your very kind donation of $1,000 to the RCAF Association Trust Fund.

Your thoughtfulness in this regard is highly appreciated and we will be very pleased to channel this gift per your request to augment the annual CFTA.

29th May 1996

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $150 be forwarded as a donation to the Flying Scholarship Awards program.

This donation has been made possible as the result of a contribution received from the 601 (moose Jaw) Wing, Air Force Association of Canada.

June 1996

95/96 FY Contributions

  • 484 Wing
    • $5,000 to CFTA
    • $6,000 to Army Cadet Corps/Air Cadet Squadron 428 Wing
  • 428 Wing: $1,000 to CFTA
  • F/O Steel’s Memorial: $1,333 to CFTA
  • Life Members: $500 to CFTA
  • Trust Grants: $1,923

11th October 1996

The chairman reported that the capital investment of the Air Cadet 50th Anniversary Trust Fund is now $75,000. In FY 95/96 $10,000 of designated donations were added to the Capital Investment and $1,923 were used to augment the 1995 CFTA. 110 CFTA have been presented to deserving Air Cadets across Canada since 1991 and funds are available for 23 Association awards in 1996.

Trustees acknowledged the donation of $5,000 from the 484 Wing to the Air Cadet CFTA. The Capital Investment in our CFTA program is now $80,000.

Trustees approved a grant of $400 to the CFTA program.

25th October 1996

On behalf of the members of the NEC and the general membership of the Air Force Association of Canada, thank you for your very kind donation of $160 to the RCAF Association Trust Fund.

Your thoughtfulness in this regard is highly appreciated and we will be very pleased to channel this gift per your request to augment the annual CFTA.

25th October 1996

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $150 be forwarded as a donation to augment the CFTA created by the Air Cadet 50th Anniversary Trust Fund of the RCAF Association.

This donation has been made possible as the result of a contribution received from the Regional Director, Western of the Air Force Association of Canada in memory of his wife.

25th October 1996

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $400 be forwarded as a donation to augment the CFTA created by the Air Cadet 50th Anniversary Trust Fund of the RCAF Association.

25th October 1996

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $5,000 be forwarded to be added to the capital fund of the RCAFA 50th Anniversary Trust Fund.

This donation has been made possible as the result of a contribution received from the Executive and Members of 484 Wing.

18th November 1996

On behalf of the members of the NEC and the general membership of the Air Force Association of Canada, thank you for your very kind donation of $150 to the RCAF Association Trust Fund.

Your thoughtfulness in this regard is highly appreciated and we will be very pleased to channel this gift per your request to augment the annual CFTA.

18th November 1996

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $150 be forwarded as a donation to augment the CFTA created by the Air Cadet 50th Anniversary Trust Fund of the RCAF Association.

This donation has been made possible as the result of a contribution received from the Regional Director, Western of the Air Force Association of Canada in memory of his wife.

18th November 1996

The Chairman of the RCAFA Trust Fund has instructed that the enclosed cheque to the value of $400 be forwarded as a donation to augment the CFTA created by the Air Cadet 50th Anniversary Trust Fund of the RCAFA. We wish the league continuing success in all its endeavors to develop the physical, mental and moral well-being of our nation’s youth.

18th November 1996

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $5,000 be forwarded as a donation to augment the CFTA created by the Air Cadet 50th Anniversary Trust Fund of the RCAF Association.

This donation has been made possible as the result of a contribution received from the Executive and Members of 484 (Frontier) Wing.

4th March 1997

The capital investment of the Air Cadet 50th Anniversary Trust Fund of the RCAFA remains at $80,000. twenty-five Continuous Flying Training Awards (CFTA) were presented in 1996 for a total of 135 CFTA since 1991.

21st May 1997

On behalf of the members of the NEC and the general membership of the Air Force Association of Canada, thank you for your very kind donation of $1,000 to the RCAF Association Trust Fund.

Your thoughtfulness in this regard is highly appreciated and we will be very pleased to channel this gift per your request to augment the annual CFTA.

23rd May 1997

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $1,000 be forwarded as a donation to augment the CFTA created by the Air Cadet 50th Anniversary Trust Fund of the RCAF Association.

This donation has been made possible as the result of a contribution received from the Executive Members of 428 Wing Air Force Association of Canada.

23rd May 1997

$5,000 was deposited to the Air Force Association Trust Fund.

30th May 1997

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $5,000 be forwarded as a donation to augment the CFTA created by the Air Cadet 50th Anniversary Trust Fund of the RCAF Association.

This donation has been made possible as the result of a contribution received from the Executive Members of 484 Wing Air Force Association of Canada.

26th June, 1997

The Air Cadet 50th Anniversary Trust Fund has a capital investment of $85,000 and hopefully, there will be sufficient funds for a minimum of twenty CFTA in 1997.

June, 1997 

96/97 FY Contributions

  • 484 Wing
    • $10,000 to CFTA
    • $15,000 to Army Cadet Corps/Air Cadet Squadron
  • 428 Wing: $1,000 to CFTA
  • Trust Grants: $650

A total of $11,650 was provided to the CFTA.

30th June 1997

The chairman reported that the capital investment of the Air Cadet 50th Anniversary Trust Fund of the RCAFA has a balance of $85,000 in the capital investment as of 30 June, 1997 and a shortfall of $200 for a minimum of twenty Continuation Flying Training awards in 1997.

September 1997

September 1997 Contributions

  • 484 Wing: $5,000 to Army Cadet Corps/Air Cadet Squadron
  • 644 Royal Canadian Air Cadet Squadron: $300 to CFTA
  • Air Cadets from 644 Royal Canadian Air Cadet Squadron: $300 to CFTA

1st October 1997 

The Chairman reported the Air Cadet 50th Anniversary Trust Fund of the RCAFA had a balance of $85,000 in the capital investment as of June 30th, 1997 and a shortfall of $200 for a minimum of twenty Continuation Flying Training awards in 1997.

9th October 1997

In response to the request for donations to the RCAFA Trust Fund to augment the existing flying scholarship fund held in trust with the Air Cadet League of Canada, enclosed is 410 Wing’s cheque in the amount of $200 as its donation in this regard.

13th October 1997

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $200 be forwarded to you as a donation to augment the CFTA created by the Air Cadet 50th Anniversary Trust Fund of the RCAFA.

This donation has been made possible as the result of a contribution received from the Executive and Members of 410 Wing Air Force Association of Canada.

14th February 1998

The Air Cadet 50th Anniversary Trust Fund of the RCAF Association has a capital investment of $85,000.

29th May 1998

The Chairman of the RCAFA Trust Fund has instructed that the enclosed to the value of $1,000 be forwarded to you as a donation to augment the CFTA created by the Air Cadet 50th Anniversary Trust Fund of the RCAFA.

This donation has been made possible as the result of a contribution received from the Executive and Members of 428 Wing Air Force Association of Canada.

29th May 1998

On behalf of the members of the NEC and the general membership of the Air Force Association of Canada to thank you for your very kind donation of $1,000 to the RCAF Association Trust Fund.

Your thoughtfulness in this regard is highly appreciated and we will be very pleased to channel this gift per your request to augment the annual CFTA.

June 1998

June 1998 Contributions:

  • 484 Wing: $11,500 for Cadet Squadron
  • 428 Wing: $1,000 for Flying Scholarships
  •  410 Wing: $200 for Flying Scholarships
  • #644 RC (AIR) CS: $300 for CTFA

June 30, 1998

In FY 1997/1998 trustees approved $300 worth of grants to the #644 RC (AIR) CS. (CFTA)

June 30, 1998

In FY 1997/1998 trustees approved $1,400 worth of grants to the Flying Scholarship Trust.

June 30, 1998

In FY 1997/1998 trustees approved $11,500 worth of grants to the Air/Army Cadet Units.

June 30, 1998

The Chairman reported that the Air Cadet Trust, at 30 June, 1998, had a capital investment of $85,000 and that 20 CTFA were presented in 1997. 155 awards have been presented since 1991.

28th January 1999

The chairmen of the RCAF Association Trust Fund has instructed that the enclosed cheque to the value of $5,000 be added to our capital investment in the Air Cadet 50th Anniversary Trust Fund.

10th February 1999

I acknowledge the receipt of the cheque for $1,105 designated for 155 RC(Air)CS. It is our intention to set up a bursary in their name to be awarded annually to a cadet from 155 Sqn.

18th May 1999

A cheque for $5,000 from 484 Wing, Fort Erie, designated to the CFTA program. This donation will go towards the augmentation of 1999 awards to help achieve a minimum of 24 CFTA in 1999.

18th May 1999

A cheque for $1,000 from 428 Wing, Peterborough, designated to the CFTA program. This donation will go towards the augmentation of 1999 awards to help achieve a minimum of 24 CFTA in 1999.

June 1999

June 1999 Contributions:

  • 484 Wing:
    • $20,500 for Cadet Squadron
    • $10,000 for Flying Scholarships
  • 428 Wing: $1,000 for Flying Scholarships
  • Individuals: $80

June 30, 1999

In FY 1998/1999 trustees approved $16,080 worth of grants to the Flying Scholarship Trust.

June 30, 1999

In FY 1998/1999 trustees approved $21,605 worth of grants to the Air/Army Cadet Units.

15th October 1999

Trustees acknowledged that the capital investment in the “Air Cadet 50th Anniversary Trust Fund of the RCAF Association” had reached $100,000, and that funds were available for 24 CTFA in 1999, achieving a total of 200 CTFA since 1991.

1998/1999

From 1989/1990 to 1998/1999, trustees approved $118,610 worth of grants to the Air Cadet 50th Trust Fund.

1998/1999

From 1989/1990 to 1998/1999, trustees approved $54,905 worth of grants to the Air/Army Cadet Units.

June 2000

June 2000 Contributions:

  • 484 Wing:
    • $8,000 for Cadet Squadron
    • $5,000 for Flying Scholarships
  • 428 Wing: $1,000 for Flying Scholarships
  • 600 Wings: $500 for Flying Scholarships
  • Individuals: $100

FY 1999/2000

Trustees acknowledged that $500 worth of grants was provided to the Air Cadet Trust.

8th October 2000

The Chairman reported that the Capital Investment in the “Air Cadet 50th Anniversary Trust Fund of the RCAF Association” has reached $105,000 and the 200 CTFA has been presented since 1991. Funds are available for 21 CTFA in 2000.

June 30, 2000

In FY 1999/2000 trustees approved $7,100 worth of grants to the Flying Scholarship Trust.

June 30, 2000

In FY 1999/2000 trustees approved $8,000 worth of grants to the Air/Army Cadet Units.

June 30, 2001

In FY 2000/2001 trustees approved $5,500 worth of grants to the Flying Scholarship Trust.

30th June 2001

In FY 2000/2001 trustees approved $21,500 worth of grants to the Air/Army Cadet Units.

20th May 2002

484 Wing Fort Erie presented a cheque in the amount of $2,500 designated to the Air Cadet scholarship fund.

30th June 2002

In FY 2000/2001 trustees approved $4,600 worth of grants to the Flying Scholarship Trust.

30th June 2002

In FY 2000/2001 trustees approved $29,250 worth of grants to the Air/Army Cadet Units.

30th June 2004

In FY 2003/2004 trustees approved $7,500 worth of grants to the Air Cadet 50th Anniversary Trust Fund/CFTA

30th June 2004

In FY 2003/2004 trustees approved $9,000 worth of grants to the Air/Army Cadet Units.

30th June 2005

In FY 2004/2005 trustees approved $17,302 worth of grants to the ACL Flying Scholarship Trust.

30th June 2005

In FY 2004/2005 trustees approved $7,500 worth of grants to the Air/Army Cadet Units.