The Saskatchewan Lotteries Trust Fund for Sport, Culture and Recreation was established in 1974 by Sask Sport Inc., pursuant to the Interprovincial Lotteries Act (1974), for the purpose of granting funds to eligible, non-profit volunteer organizations in the areas of sport, culture and recreation.

The Saskatchewan Lotteries Trust Fund for Sport, Culture and Recreation distributes Saskatchewan Lotteries proceeds to eligible sport, culture and recreation organizations in Saskatchewan. These eligible organizations are designated by the Minister of Culture, Youth and Recreation. These eligible organizations range from provincial sport, culture and recreation groups to Tribal Councils and First Nation Band Councils. Today, there are over 1,200 groups which receive direct funding support and through them, more than 12,000 affiliated organizations receive some form of support.

The lottery-funded system for sport, culture and recreation, is delivered to the people of Saskatchewan through three important, independent community partners. These "global" organizations Sask Sport Inc., Saskatchewan Parks and Recreation Association Inc. and SaskCulture, Inc. - collectively represent hundreds of community organizations and ensure that lottery proceeds benefit every community in the province.

The Saskatchewan Lotteries Trust Fund for Sport, Culture and Recreation receives its money from the sale of Saskatchewan Lotteries products. The Saskatchewan Lotteries Trust Fund for Sport, Culture and Recreation exists to distribute and account for Lottery funds provided to eligible sport, culture and recreation organizations in a manner which provides maximum benefits to the beneficiaries and the public.

Volunteer committees from sport, culture and recreation communities review all requests made to the Saskatchewan Lotteries Trust Fund for Sport, Culture and Recreation. Volunteers are drawn from each section making up the Sport Funding Committee, the Cultural Advisory Committee, and the Recreation Section Review Committee. Together, these three committees are known as the Full Trust. These committees review and make decisions on funding requests from eligible provincial organizations.