The Fund was established in 1991 by Maclean Hunter Limited with capital endowments of $29.2 million and has since become independent of any parent company. The annual revenues generated by the endowment and recoupment on investments constitute the funds at the Board’s disposal each year for the Web Drama Program. The Fund is “certified” by the CRTC as an independent production fund, eligible to receive BDU (Broadcast Distribution Undertaking) contributions.

In 2018, Cogeco Communications allocated its annual BDU contributions to the IPF to establish the IPF’s Cogeco TV Production Program.

The IPF is incorporated federally as a corporation without share capital and has been granted charitable status. The Board of Directors which represents the industry makes all funding decisions. The operations of the Fund are administered by offices in Toronto and Montreal.