Latest updates
Growing the Alberta Heritage Savings Trust Fund
Alberta’s government has developed a plan to grow the Alberta Heritage Savings Trust Fund to at least $250 billion by 2050 and secure long-term growth and financial stability for the province.
This ambitious plan focuses on reinvestment, strengthening governance, promoting global partnerships, and delivering high returns to build a resilient and prosperous province for generations to come.
- Download and read Renewing the Alberta Heritage Savings Trust Fund
2024-25 Third Quarter Report update
As of December 31, 2024, the Heritage Fund’s fair value of invested assets grew to $25 billion, an increase from the $24.3 billion recorded at the end of the second fiscal quarter.
The Heritage Fund realized a return of 2.9% in the 2024-25 third quarter. View the 2024-25 Heritage Savings Trust Fund Third Quarter Report.
Publications
Renewing the Alberta Heritage Savings Trust Fund
Annual Reports (from 1976-77 to current)
Quarterly Reports (from 2005-06 to current)
Statement of Investment Policies and Goals (effective date August 1, 2024)
About the Heritage Savings Trust Fund (Heritage Fund)
The Heritage Fund was established in 1976 to collect a portion of Alberta’s non-renewable resource revenue. The Heritage Fund had 3 objectives at the time:
- Invest in projects that would improve life in Alberta but would not provide a financial return.
- Strengthen and diversify the Alberta economy.
- Save money for the future when non-renewable resources had been depleted.
The initial investment in the Heritage Fund was $1.5 billion, which has grown to $25 billion as of December 31, 2024.
The Alberta Heritage Savings Trust Fund Act (the Act) creates and establishes the mandate and governance structure for the Heritage Fund. The Act states that the mission of the Heritage Fund is to provide prudent stewardship of the savings from Alberta’s non-renewable resources by providing the greatest financial returns on those savings for current and future generations of Albertans.
In 2022-23, the Act was amended to require that income generated by the Fund stays in it unless a withdrawal is authorized by Treasury Board. This change was, and remains, instrumental to the continued growth of the Heritage Fund.
Legislation
See the Alberta Heritage Savings Trust Fund Act.
Glossary
See commonly used terms related to the Heritage Fund.
Committee and others responsible for management
Standing Committee on the Alberta Heritage Savings Trust Fund
To view the current members of the Heritage Fund Standing Committee, meeting information and contact information, please visit the Standing Committee website.
Treasury Board and Finance Contact
Stephen J. Thompson, Acting Assistant Deputy Minister, Treasury and Risk Management, Alberta Treasury Board and Finance
Investment Manager
Ray Gilmour, Interim Chief Executive Officer, Alberta Investment Management Corporation (AIMCo)
Auditor
Doug Wylie, FCPA, FCMA, ICD.D, Auditor General of Alberta
Contact
Connect with us if you have questions about the Heritage Fund:
Hours: 8:15 am to 4:30 pm (open Monday to Friday, closed statutory holidays)
Phone: 780-427-3035
Toll free: 310-0000 before the phone number (in Alberta)
Address:
Heritage Fund
9th Floor, Queen Elizabeth II Building
9820 107 Street
Edmonton, Alberta T5K 1E7
Online
Government of Alberta feedback form
Contact your MLA
See contact information for your MLA at the Legislative Assembly of Alberta website.