Submitted by: Mitsubishi Corporation Foundation for the Americas
Posted: Jan 10, 2012 – 09:00 AM EST
NEW YORK, Jan. 10 /CSRwire/ - At its annual meeting on December 12, 2011, the Board of Directors of the Mitsubishi Corporation Foundation for the Americas (MCFA) approved over $900,000 in additional support for environmental causes, including new grants and a roll-over of its $300,000 program-related investment (PRI) in the form of a loan to Root Capital (www.rootcapital.org). The newly approved grants and PRI roll-over, combined with continuing multi-year grants totaling $507,433 bring the aggregate of MCFA’s current grant/PRI portfolio to over $1.4 Million.
The newly approved grants include: $150,000 payable over two years to the Indian Law Resource Center (www.indianlaw.org) for their work securing indigenous rights as a basis for facilitating REDD+ projects; $150,000 payable over four years to Island Conservation (www.islandconservation.org) to protect biodiversity on the Juan Fernandez islands of Chile; $100,000 over two years to the Rainforest Alliance (www.rainforest-alliance.org) for the launch of their Sustainable Tourism Program in Brazil; $65,000 to University of California at Merced (www.ucmerced.edu) for their Yosemite Leadership Program; $50,000 over two years to the Wildlife Conservation Society (www.wcs.org), as continuing support for its conservation work on the Patagonian coast of Argentina; $30,132 to the National Council for Science and the Environment (NCSE) (www.NCSEonline.org) for their EnvironMentors Program; $30,000 to the Yukon River Drainage Fisheries Association (www.yukonsalmon.org) for their efforts to promote effective salmon fisheries conservation; and general support grants of $15,000 to the Environmental Grantmakers Association (EGA) (www.ega.org) and $10,000 to International Funders for Indigenous Peoples (IFIP) (www.internationalfunders.org). MCFA has been an active member of both the EGA and IFIP for many years.
The MCFA board also ratified continuing grants to the following organizations: New York Botanical Garden for the Mitsubishi Wild Wetlands Trail; Amazon Conservation Association for the promotion of ecotourism in the Manu Cloud Forest in Peru; Wild Salmon Center for the Olympic Peninsula Salmon Stronghold Partnership; American Bird Conservancy for community-based conservation in Colombia; National Audubon Society for critical bird habitat conservation in Chile and Panama; E+Co for solar/hydro training workshops in Central America; and Tierra Nativa for community-based environmental education for indigenous pueblos affected by mining in Chihuahua, Mexico.
The $300,000 PRI in Root Capital, initially made in 2009, will provide financing for rural businesses engaged in sustainable development in Latin America, and represents MCFA’s continued commitment to mission-related investing.
The Mitsubishi Corporation Foundation for the Americas, based in New York City was established 1991 with funding from Mitsubishi Corporation of Japan, and its U.S.-based subsidiary, Mitsubishi International Corporation. Since its establishment, the Foundation has dedicated more than $6.7 million to environmental causes throughout the Americas. For more information, http://www.mcfamericas.org. Contributions for Europe and Africa are made by the Mitsubishi Corporation Fund for Europe and Africa, which has contributed over $3.5 million to environmental conservation, education and research since 1992. For more information, please visit http://www.mitsubishicorp.com/gb/en/csr/mcfea.html. To view the press releases on our homepage, please visit http://www.mitsubishicorp.com/us/en/pr/archive/2012/files/0000013775_file1.pdf or
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