The Manitoba Centennial Foundation of the Future Fund was founded in 1969 as a way to honour arts and culture in Manitoba. The funding of projects began in 2003. In recent years the fund has provided bursaries to Manitoba schools to promote education in the Performing Arts.
The Maitland Steinkopf Youth Fund was established in 1972 to provide scholarships for talented young Manitobans who required help furthering their experience and training in specific arts projects. This fund provided funding to reduce the Centennial Concert Hall rental rates of deserving eligible organizations. Throughout the history of the fund, several youth based arts organizations have directly benefited.
As both Funds had similar objectives, during the year ended March 31, 2009, the Manitoba Centennial Foundation of the Future Fund and the Maitland Steinkopf Youth Fund were combined into one fund which was entitled The Foundation of the Future Fund. The Foundation of the Future Fund will maintain the youth based cultural and art related goals of the previous funds.