A countdown to capitalize the Global Fund for Coral Reefs is officially underway!
The Global Fund for Coral Reefs was officially announced on September 16th, 2020 during the UN General Assembly high-level week. The ambition from now until CoP 26 — the UN Framework Convention on Climate Change in November of 2021 — is to raise capital for the 10-year, $125M grant window of the blended finance instrument.
GFCR financing efforts are officially underway with strong support from CBD Secretariat, AOSIS, Friends of Ocean Action, the High-Level Panel for Sustainable Ocean Economy and the International Coral Reef Initiative.
The Fund is accepting contributions from Member States, private philanthropic foundations, and corporate donors. Contributions will be sought not only for pure grants but also for the junior tranche of the investment window to de-risk investments in reef-positive business models and financial instruments. Primary donors will have the opportunity to claim a seat on the executive board and help direct the Fund’s operations.
Days left until close of Fundraising Campaign at the CoP 26 - UN Framework Convention on Climate Change
Member States Donors
The GFCR seeks to raise a minimum of $62.5M from Member State donors to capitalize the grant window of the Fund. The four Member State donors that contribute the most will be given a seat on the Executive Board. As board members Member State donors will play an active role in determining GFCR funding priorities in terms of coral reef sites and business models to support through grant funding. Contributions will be sought not only for pure grants but also for the junior tranche of the investment window to de-risk private sector investments into the blue economy.
If you are an interested Member State representative, please reach out to Pierre Bardoux at email@example.com
Private Philanthropy Donors
The unique partnership of the GFCR also seeks to raise a minimum of $62.5M from private philanthropy donors to capitalize the grant window of the Fund. The Prince Albert II of Monaco Foundation and the Paul G. Allen Family Foundation are co-founders of the Fund and will sit on the Executive Board with two additional private foundations who contribute the highest amount to the Fund. As board members, private foundation donors will play an active role in determining GFCR funding priorities in terms of coral reef sites and business models to support through grant funding.
If your foundation is interested in supporting the Fund, please reach out to Chuck Cooper at firstname.lastname@example.org
The blended finance model of the GFCR relies on involvement from the private sector for expertise and resources. The investment window partners of the Fund sees an opportunity to bring in corporate donors to support the Fund through junior capital, financial contributions and innovative financial instruments.
If your corporation is interested in supporting the Fund, please reach out to Sylvain Taboni at email@example.com