On 9 March 2007 the Future Fund of the Republic of Austria presented the positive results of its first year of activity. So far 148 applications were filed, 120 were processed and 80 projects were approved. The total financial aid for 2006 amounted to 2.5 million euros. The Future Fund was established in 2005 as the successor organisation of the Reconciliation Fund for the indemnification of NS forced labourers. It was endowed with 20 million euros, will be functional for ten years and supports projects commemorating NS victims as well as promoting tolerance and non-discrimination.