Climateworks Foundation

“During 2019, 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 2019 tax year in exchange for these services totaled $486,000.”

“The form 990 is prepared jointly by climateworks foundation staff and an outside accounting firm. The draft is reviewed by the cfo/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 cfo/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's mission is to end the climate crisis by amplifying the power of philanthropy. We are a global platform for philanthropy to innovate, collaborate, and accelerate climate solutions that scale by bringing together a unique network of funders, grantees, researchers, and other partners. We provide a suite of global programs and global services uniquely designed to amplify the power of a climate philanthropy community that is larger, more coordinated, more international, and growing faster than ever. Climateworks global programs support climate change mitigation efforts from early explorations to scaled initiatives. We help develop innovative and impactful solutions, fund their implementation, and scale up those that show the greatest promise. Our diverse set of philanthropic programs are critical to climate mitigation success and include: carbon dioxide removal; cooling; finance; food & agriculture; forests & land use; governance & diplomacy; industry; power; super pollutants; transportation; as well as expertise and advisory services to help design and implement grantmaking strategies that drive climate progress. Climateworks global services include: (i) global intelligence that provides funders with the knowledge necessary to build their climate investment strategies. It helps them explore areas for climate action and identify opportunities for greater impact and partnership; (ii) global collaborations that enable climate funders to increase individual and collective impact; and (iii) global grantmaking that enable funders to invest in climate strategies around the globe. Through our programs and services, climateworks helps the field of climate philanthropy act with the ambition, urgency, capabilities, and interconnections needed to end the climate crisis.”

“Global programs: (i) our carbon dioxide removal program laid the groundwork to translate extant direct air capture-related policy wins including the 45q tax credit in the u.s. That provides a performance-based tax credit for carbon capture projects into increased ambition for natural carbon capture. (ii) our cooling program serves as the secretariat for k-cep, a philanthropic collaboration that helps developing countries transition to efficient, climate-friendly, and affordable cooling solutions. In 2019, k-cep made strides in bringing efficient, clean cooling to all. Highlights include: k-cep helped get cooling on the un climate change summit main stage, announcing comprehensive commitments across governments, businesses, financial institutions, and philanthropy. At the summit, we announced more than 100 actors and actions have been secured. China launched and published a comprehensive national cooling plan and passed meps for room acs. With k-cep's support, the world bank announced a new program focused on cooling. (iii) the governance and diplomacy program attended the cop 25 meeting to present several activities and to convene project meetings, with significant outcomes, including the independent global stocktake presenting its recent work and convening a consortium meeting. (iv) the climateworks super pollutant program teamed with the pisces foundation to create the "madrid call for fast action on super pollutants." (v) the climateworks finance program supported several successes in 2019, including global green bank grantmaking in new zealand, south africa, and state and local authorities throughout the u.s. Launched green investment banks models, while expansion efforts chart progress in the u.s., europe, and a number of emerging markets; following chinese overseas finance initiative (cofi) grantmaking that helped inform the logic and design for a chinese aid agency, china launched a development cooperation body (cidca) opening up new space to shape its overseas financing practice; 16 sustainable finance funders joined the inaugural climate week convening of a new climateworks-hosted multi-funder sustainable finance funder strategy forum: the sustainable finance funders group; climate action 100+ empowered investors to extract material reforms from carbon-intensive companiesshifting corporate lobbying practices, executive compensation, and emissions targets to align with climate objectives; central banks and financial supervisors took unprecedented steps to incorporate climate risk into their mandateswith a shift in orthodoxy on financial oversight underway. (vi) our transportation program achieved the following: cumulatively, 75 governments (including national, sub-national, municipal) and 182 corporate signatories joined global electric drive vehicle (edv)-supported platforms have committed to achieving 100% zero-emission transport for people, goods movement, or both by-or-before 2050; climateworks' partners contributed to at least 29 edv enabling policies and our partners hosted 108 edv-related convenings with participants from governments, business/companies, and civil-society/ngos. As part of our transportation program, we lead the only philanthropic strategy that addresses the climate impacts of aviation. Key outcomes for the aviation portfolio include: the international coalition for sustainable aviation released its "zero climate impact" vision for international aviation; 191 international civil aviation organization (icao) member states adopted the world's first global sectoral cap on emissions growth; and 193 icao member states committed to work on setting a 2050 target for curbing airline emissions. (vii) through our china expertise and advisory services, we worked with partners and stakeholders to promote greening the belt and road initiative. Global intelligence: (i) the carbon transparency initiative tracks progress toward a low-carbon economy by analyzing the drivers of future emissions trends. It also ena”

“In 2019, 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. The climate and land use alliance had an eventful and productive 2019, implementing the second year of its 2018-2022 strategy, developing strategic frameworks for new workstreams, and successfully delivering on key elements of its first annual operational workplan, guided by the principles in clua's higher level organizational plan. Through clua, in 2019 climateworks made 107 grants totaling $14.1 million to 88 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.”

“Program consulting: program service expenses 11,533,932. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,533,932. Communications: program service expenses 323,889. Management and general expenses 544,776. Fundraising expenses 1,845. Total expenses 870,510. Consulting and professional services: program service expenses 786,517. Management and general expenses 10,070. Fundraising expenses 0. Total expenses 796,587. Temporary staffing: program service expenses 261,074. Management and general expenses 184,116. Fundraising expenses 38,870. Total expenses 484,060. Program measurement and evaluation: program service expenses 460,063. Management and general expenses 0. Fundraising expenses 0. Total expenses 460,063. Recruiting: program service expenses 174,358. Management and general expenses 141,767. Fundraising expenses 0. Total expenses 316,125.”

“Recovery of prior year grant expenses 1,000,000.”