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Bureau of Trust Funds Administration: Difference between revisions
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(Created page with "== Bureau of Trust Funds Administration (BTFA) == === Mission === The mission of the Bureau of Trust Funds Administration is to manage the financial assets of trust beneficiaries, which includes disbursing more than $1 billion annually and having more than $8 billion under active day-to-day management and investment on behalf of Tribes and individuals. This effort is integrally related to the Department of the Interior's goal of meeting its responsibilities to American I...") |
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The '''Bureau of Trust Funds Administration (BTFA)''' is a bureau within the U.S. Department of the Interior that manages the financial assets of American Indians: | |||
=== Mission | |||
== Responsibilities == | |||
The BTFA manages over $8.6 billion in trust funds, including: | |||
* Approximately 4,100 Tribal accounts | |||
* More than 408,000 individual accounts | |||
* Individual Indian Money (IIM) accounts | |||
== Services == | |||
The BTFA provides: | |||
* Trust funds accounting and management services | |||
* Fiduciary guidance | |||
* Other responsibilities | |||
* Maintains the official archive of American Indian Records | |||
* Safeguards millions of original, historic documents | |||
== Mission == | |||
The mission of the Bureau of Trust Funds Administration is to manage the financial assets of trust beneficiaries, which includes disbursing more than $1 billion annually and having more than $8 billion under active day-to-day management and investment on behalf of Tribes and individuals. This effort is integrally related to the Department of the Interior's goal of meeting its responsibilities to American Indians, with a vision of "We Excel, Native America Prospers." | The mission of the Bureau of Trust Funds Administration is to manage the financial assets of trust beneficiaries, which includes disbursing more than $1 billion annually and having more than $8 billion under active day-to-day management and investment on behalf of Tribes and individuals. This effort is integrally related to the Department of the Interior's goal of meeting its responsibilities to American Indians, with a vision of "We Excel, Native America Prospers." | ||
== Parent Organization == | |||
* [[U.S. Department of the Interior|Department of the Interior]]'s Office of the Assistant Secretary for Indian Affairs | * [[U.S. Department of the Interior|Department of the Interior]]'s Office of the Assistant Secretary for Indian Affairs | ||
== Legislation Authorizing Creation == | |||
* [[American Indian Trust Fund Management Reform Act of 1994]] | * [[American Indian Trust Fund Management Reform Act of 1994]] | ||
== Number of Employees == | |||
* Over 400 employees | * Over 400 employees | ||
== Last Total Enacted Budget == | |||
* Specific figures not publicly detailed, manages over $8 billion in trust funds. | * Specific figures not publicly detailed, manages over $8 billion in trust funds. | ||
== Title of the Leader == | |||
* Director | * Director | ||
== Services Provided == | |||
The BTFA manages the financial assets of American Indians held in trust by the Department of the Interior. This includes the disbursement of funds, day-to-day management and investment of more than $8 billion on behalf of Tribes and individuals, maintaining the official archive of American Indian Records, and safeguarding millions of historic documents that detail the Federal government's treaty obligations to Native Americans. | The BTFA manages the financial assets of American Indians held in trust by the Department of the Interior. This includes the disbursement of funds, day-to-day management and investment of more than $8 billion on behalf of Tribes and individuals, maintaining the official archive of American Indian Records, and safeguarding millions of historic documents that detail the Federal government's treaty obligations to Native Americans. | ||
== Regulations Overseen == | |||
The BTFA oversees regulations related to the management of trust funds for American Indians and Tribes, ensuring compliance with federal laws like the American Indian Trust Fund Management Reform Act of 1994. It also handles the responsibilities for trust fund accounting, investment, and distribution in accordance with fiduciary standards. These responsibilities are detailed in various parts of the Code of Federal Regulations, notably [[25 CFR Part 115]], which deals with Trust Funds for Tribes and Individual Indians. | The BTFA oversees regulations related to the management of trust funds for American Indians and Tribes, ensuring compliance with federal laws like the American Indian Trust Fund Management Reform Act of 1994. It also handles the responsibilities for trust fund accounting, investment, and distribution in accordance with fiduciary standards. These responsibilities are detailed in various parts of the Code of Federal Regulations, notably [[25 CFR Part 115]], which deals with Trust Funds for Tribes and Individual Indians. | ||
== Headquarters Address == | |||
* Mailing Address: P.O. Box 26928, Albuquerque, NM 87125 | * Mailing Address: P.O. Box 26928, Albuquerque, NM 87125 | ||
== Website == | |||
* [https://www.bia.gov/btfa Bureau of Trust Funds Administration] | * [https://www.bia.gov/btfa Bureau of Trust Funds Administration] | ||
== Wikipedia Article Title == | |||
* No standalone article; mentioned within the "[[Bureau of Indian Affairs]]" article. | * No standalone article; mentioned within the "[[Bureau of Indian Affairs]]" article. | ||