In 1998, the Province of Prince Edward Island created the PEI Wildlife Conservation Fund out of revenues generated from a conservation fee charged for hunting, trapping and angling licenses. The original purpose for the fund was to support a hatchery that could restock native fishes into Island rivers that had been impacted by fish kills. The fund was administered internally through the Forest, Fish and Wildlife Division for several years.
In the early 2000’s there was a call from the public to have the fund made arms-length from government and open to an application-based awards process. Hence, in 2006, a committee of volunteers was struck to consider applications and award funding based on project merit. A fee-for-service contract was established to cover the administration of the fund through a third party. Along with the drafting of terms of reference for the committee, this has allowed the fund to function with a certain level of autonomy.