With an additional endowment of €4.4 million from the German Federal Ministry of Economic Cooperation and Development (BMZ), the total capital input for PONT amounts to €42.6 million. The MAVA Foundation awarded a Fundraising Grant of €49,515 so we can increase our fundraising capacities. PONT is extremely grateful for the additional contributions and the unwavering commitment of our founding donors to our mission and its future success: MAVA Foundation and the KfW Development Bank (KfW) – mandated by BMZ.
With the funding split between permanent capital committed to our endowment and a portion in the form of “sinking funds” (which must be spent by a certain date), these commitments provide us with a solid financial base for the coming years.
Earnings on the investment of KfW’s endowment contribution and sinking fund, and the entire principal of the sinking fund, are dedicated primarily to support PONT’s grant programme for protected areas and environmental actors, such as NGOs working in the portions of the Wider Prespa Area located in Albania and North Macedonia. A smaller portion may also be used to cover PONT operating expenses.
The MAVA sinking fund (including investment earnings thereon) is actively used to support PONT’s grant programme in favour of the Greek NGO Society for the Protection of Prespa (SPP). The investment earnings on MAVA’s endowment can be used for any purpose that supports our mission.
Earnings on the investment of the endowment provided by a donor who wants to remain anonymous are used to support the work related to the conservation of species and their habitats in the entire basin.