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Monito Lucachi Trust Fund: an innovative fundraising strategy

Knowledge Management Platform
January 1, 2011
Knowledge Management Platform

The purpose of the Monito Lucachi Trust Fund is to support protection activities inside Madidi National Park: Salaries of Park Rangers, Transport for the implementation of monitoring and protection programs and investment linked to protection and monitoring.

The fund is set up to support Madidi National Park as long as it exists; in case the protected area ceases activities, the fund will support conservation activities in the monkey’s habitat (region).

The idea was to establish an endowment fund with resources from a donor highly committed with conservation through an auction held at an international level. In order to raise interest from potential donors, the incentive was to have an exclusive opportunity to baptize this new species.
The Fund is considered a seed fund. This experience made it possible to show to the National Service of Protected Areas (SERNAP) that there are opportunities for establishing innovative financial mechanisms for conservation purposes.
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Category: #Auctions #Endowment Funds #Fundraising #Governance and Management
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