Complex sentence: In 1992, the Peter and Melanie Munk Charitable Foundation was founded and has since disbursed approximately $300 million to a variety of organizations that work to improve the health, learning and international reputation of Canadians.
Split into simpler sentences: In 1992, the Peter and Melanie Munk Charitable Foundation was founded. It has disbursed approximately $300 million to a variety of organizations that work to improve the health, education and international reputation of Canadians.