In 1995, Wiikwemkoong received $13 million dollars as cash compensation for the loss of use of Point Grondine Indian Reserve No. 3 as part of a settlement with the Government of Canada.
As a result, the 1995 Settlement Agreement between Wiikwemkoong Unceded Territory and the Government of Canada and Ontario was created. The Wikwemikong Trust Agreement is one of the obligations of the 1995 Settlement Agreement signed between Wiikwemkoong and Canada.
Although not incorporated, the Wikwemikong Trust has a Board of five Trustees and one employee: the Trust Administrative Support Officer.