Officially, CTFs are defined as “private, legally independent grant-making institutions that provide sustainable financing for biodiversity conservation and often finance part of the long-term management costs of a country’s protected area (PA) system.”
In other words, CTFs are created to cover financial gaps and serve conservation needs on a national or transboundary level. The main difference between the two levels is that national CTFs address conservation needs in one country, whereas transboundary organizations like PONT respond to conservation needs in more than one country.
Another important difference among CTFs is their funding focus. There are funds that are strictly focused on protected areas (park funds), funds that support individual conservation projects (grant funds) and lastly funds that do both