Climateworks Foundation

“During 2018, the organization contracted with chris elliott, an independent contractor based in france, to fulfill the role of "executive director of the climate and land use alliance", a key employee position within the organization. Compensation paid to chris during the 2018 tax year in exchange for these services totaled $454,886.”

“The form 990 is prepared jointly by climateworks foundation staff and an outside accounting firm. The draft is reviewed by the vice president of finance & administration/treasurer, president & chief executive officer, and general counsel. Climateworks' financial management and the accounting firm's tax lead reviews the draft with climateworks' audit committee. The audit committee recommends approval of the return to the board, who receives the form 990 prior to filing with the internal revenue service.”

“Climateworks foundation's policy requires that any apparent or potential conflicts of interest be fully disclosed before a decision is made on the matter involved, and that no director, officer, or staff member participate (other than by providing information) in any decision in which he or she has a conflict of interest. Climateworks' conflict of interest policy is included as part of the formal orientation for all new board of directors, officers, and staff. Additionally, all officers, directors, and staff are required to complete an annual conflict of interest disclosure statement. Potential officer and board member conflicts are reviewed by the chair of the board, who will investigate the facts, seek advice from outside counsel as necessary, and report back to the board at the time it considers the transaction. An interested director or officer will not participate in deliberations or the vote. Potential staff member conflicts are reviewed by the president & chief executive officer, who will investigate the facts, seek advice from outside counsel as necessary, and take appropriate action in accordance with the policy.”

“The board annually reviews the compensation of the president and chief executive officer and approves changes. Consistent with its conflict of interest policy, the president and chief executive officer, who is also a director, did not participate in any board deliberations or votes regarding her compensation. The board approves changes to the vice president for finance & administration/treasurer's compensation, unless the change applies to substantially all employees. The board uses third-party compensation surveys and compensation information of comparable organizations, including other foundations, public charities, and ngos to benchmark compensation for these positions. Climateworks foundation documents the deliberations regarding compensation in minutes of the meetings of its board. Compensation for key employees is reviewed annually by direct supervisors, with final review by the president and chief executive officer. Third-party surveys, compiling data from other foundations, public charities, and ngos are used to benchmark compensation for each position.”

“Climateworks foundation provides a copy of the form 990 directly to guidestar to publish on its website, in addition to posting the form 990 on its website and providing a copy of the form 990 upon request by the general public.”

“Climateworks makes its governing documents, conflict of interest policy, and audited financial statements available to the public upon request.”

“Climateworks foundation mobilizes philanthropy to help solve the climate crisis and ensure a prosperous future. To do this, we: (i) provide global analysis and insights: providing data-rich information and analysis to give a global view of the climate field and actionable insights to funders. Our global view includes greenhouse gas mitigation opportunities, funding flows, strategic initiatives, the grantee landscape, and progress tracking. (ii) facilitate funder coordination and collaboration among influential philanthropic funders by creating opportunities for them to interact with their peers, compare strategies, generate ideas, and coordinate investments that target the biggest drivers of global climate change. (iii) make strategic grants that support select global and transnational initiatives, with a focus on experimental and emerging strategies and in collaboration with other grantmakers. (iv) work with partners to expand global climate philanthropy, in keeping with the scale of transformation needed to address climate change.”

“Overview: in 2018, through our global grantmaking and global view intelligence services, climateworks foundation worked to expedite proven clean energy and decarbonization strategies, spur innovation, and support organizations working to protect the air we breathe and the communities we call home. Together with policymakers, advocates, businesses, foundations, and other climate leaders, climateworks helped achieve a number of significant advances on climate policy, deepened philanthropic investments, and developed new strategies to further accelerate climate mitigation efforts on a global scale. These included: (i) secured agreements from more than 60+ ceos, state and regional leaders, and mayors to commit to a 100% zero-emission transport future by 2030 (transportation portfolio); (ii) supported efforts in brazil, rwanda, and kenya to pass minimum efficiency performance standards for air-conditioning (cooling/k-cep portfolio); (iii) helped california require pension funds to assess climate risk (sustainable finance portfolio): (iv) advocated for the international maritime organization to adopt the first global climate framework for shipping, calling for an emissions cut of at least 50% by 2050 (transportation portfolio); (v) worked for adoption by the international civil aviation organization of monitoring standards and rules for the carbon offsetting and reduction scheme for international aviation (transportation portfolio); (vi) helped canada and mexico to adopt final rules to reduce methane leakage from oil and gas production (non-co2 portfolio); (vii) launched the carbon dioxide removal fund, raising $2.0 million in 2018; (viii) climateworks helped launch the india electric mobility initiative, a collaboration of seven funders with approximately $8.0 million committed to date; (ix) expanded health and climate fast-start fund: $2.1 million raised from six donors and aligned grants with other funders to increase the impact of our grantmaking; (x) joined a coalition of nine foundations committed to spending $459.0 million over the next four years to support forests, indigenous rights, and sustainable land use as priorities for combating climate change; (xi) helped orchestrate $4.0 billion in philanthropic commitments for climate-related investments over the next five years from 29 funders, announced at global climate action summit; (xii) incubated the climate leadership initiative (cli), a collaborative effort among leading climate funders designed to dramatically increase philanthropic investments focused on climate solutions; (xiii) launched the independent global stocktake (igst) to bring together a global community of climate researchers, modelers, and advocates to coordinate and align in advance of the first global stocktake mandated by article 14 of the paris agreement in 2023; (xiv) convened groups to continue our collaborative efforts to identify the potential of, measure, and spur non-party action at the cop 24 conference in katowice, poland; and (xv) developed the 2050 framework for policy scenarios and recommendations and hosted the 2050 today summit held in san francisco. For a complete summary of climateworks' 2018 activities and impact, visit https://www.climateworks.org/report/2018-annual-report/. Grantmaking: climateworks builds innovative, collaborative grantmaking platforms and makes grants globally to drive big climate solutions. We utilize our global view intelligence, global networks, and funder partnerships to inform strategy development and grantmaking priorities. Nimbleness and risk-taking are hallmarks of our approach. We move quickly to create and respond to opportunities. We support leading-edge ideas, funding great people to develop concepts, strategies, and capacities that open new climate investment opportunities for other funders. We also actively advise and collaborate with other grantmakers to better align resources around priority strategies. Grantmaking targets opportunities with the bigges”

“In 2018, climateworks and its partners continued to support the kigali cooling efficiency program (k-cep), a philanthropic collaborative that works in tandem with the kigali amendment of the montreal protocol by helping developing countries transition to energy-efficient, climate-friendly, and affordable cooling solutions. K-cep's program office, the efficiency cooling office, is housed at climateworks foundation and is responsible for strategy development, grantmaking, reporting, and program management. Through k-cep, in 2018 climateworks awarded 21 grants totaling $15.8 million to 18 grantees focused on the energy efficiency of cooling in order to double the climate benefits and significantly increase the development benefits of the kigali amendment to phase down hydrofluorocarbons (hfcs). In 2018, k-cep and its grantees supported 24 nations to develop national cooling plans, the training of 160 national energy policymakers and 261 national ozone officers, 14 industry partnerships to improve cooling efficiency, and efforts to unlock significant capital for clean cooling investment. More information about k-cep's 2018 results is available at www.k-cep.org/year-two-report.”

“In 2018, climateworks foundation advanced land-use policies and practices that mitigate climate change, benefit people, and protect the environment through its support for and administration of the climate and land use alliance (clua), a collaborative philanthropic initiative. In 2018, clua implemented the first year of its 2018-2022 strategy, including ramping up new workstreams, continuing the work of established initiatives, and finalizing the first organizational plan to help operationally deliver on strategic objectives. Through clua, in 2018 climateworks made 54 grants totaling $15.4 million to 48 grantees focused on halting and reversing forest loss, advancing sustainable land use and development, and securing the rights and livelihoods of indigenous and forest communities. At the global climate action summit in september 2018, nine foundations, including the four clua member foundations, pledged $459.0 million to support forests, rights, and lands, emphasizing those priorities for combating climate change. Additionally, clua members joined with 14 foundations in signing a shared statement affirming their commitment to supporting the critical role forests and sustainable land use, and indigenous guardianship of these places, play in the fight against climate change.”

“Program consulting: program service expenses 9,867,252. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,867,252. Program measurement & evaluation: program service expenses 472,699. Management and general expenses 0. Fundraising expenses 0. Total expenses 472,699. Communications: program service expenses 797,200. Management and general expenses 329,565. Fundraising expenses 24,522. Total expenses 1,151,287. Temporary staffing: program service expenses 478,182. Management and general expenses 124,756. Fundraising expenses 32,541. Total expenses 635,479. Recruiting: program service expenses 32,362. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,362. Consulting and professional services: program service expenses 458,773. Management and general expenses 5,649. Fundraising expenses 4,692. Total expenses 469,114.”

“Reversal of prior year grants 138. Adjustment to prior year contribution due to currency translation -10,988.”