Climateworks Foundation

“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 foundation 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 grantmakers, grantees, researchers, and other implementing partners. We provide a suite of programs and services uniquely designed to amplify the power of a climate philanthropy community that is larger, more coordinated, more international, and growing faster than ever. 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.”

“Climateworks collaborated with an expansive network of partners and grantees to contribute to achievements around the globe, driving meaningful progress on climate action. Global programs: climateworks' programs drive innovation and climate solutions that scale, helping funders maximize their philanthropic impact. Throughout 2022, we continued to maximize efficiency to expedite and streamline the disbursement of funds, ensuring that resources swiftly reach grantees at the forefront of positive change. In 2022, climateworks granted $300 million via 755 grants, gifts, and programmatic contracts to 451 grantees based in 42 countries. Progress highlights include: -the drive electric campaign and its partners advocated for the adoption of a major climate law in europe. In 2022, the european union made significant progress toward achieving 100% zero-emission sales of cars and vans by 2035 when the european commission's "fit for 55" co2 standard was passed by the european parliament in june and agreed to by european governments in october. When fully implemented, the eu policy will shift new car and van sales to 100% zero-emission vehicles by 2035. More than 50 drive electric partner organizations from all member states contributed with press articles, studies, events, and discussions advocating for the legislative package. - climateworks industry program: the passage of the inflation reduction act (ira) marked the largest-ever infusion of government funds into climate-related endeavors. Climateworks' grantees and partners, having advocated for this legislation for years, played a crucial role in its realization. - the climateworks power program, sustainable energy for all (seforall), the african climate foundation, bloomberg philanthropies, and the chinese renewable energy industries association (creia) launched the africa renewable energy manufacturing initiative (africa remi) in early 2023. The international initiative aims to unlock up to $850 million in catalytic investments to advance clean energy manufacturing capacity across the continent. - climateworks' carbon dioxide removal program grantee partners--including project 2030, conservation strategy group, and the livermore lab foundation--engaged the kern county community in california to garner broader support and conducted outreach focusing on equity, justice, and the intersection of direct air capture (dac) with job creation and economic recovery. In august 2023, these efforts gained further momentum with the exciting doe announcement of funding to support the early-stage development of various regional direct air capture hubs, including one in kern county. Global intelligence: climateworks global intelligence provides funders with the knowledge to build their climate investment strategies. It helps them explore areas for climate action and identify opportunities for greater impact and partnership. 2022 highlights include: - in october 2022, the climateworks global intelligence team published "funding trends 2022: climate change mitigation philanthropy", the third installment of this report covering seven years of funding data from 2015 to 2021. The report found significant momentum for climate-related philanthropy. In 2021 alone, philanthropic giving to climate change mitigation increased by 25%, outpacing the 8% increase in overall philanthropic giving. Despite this momentum, climate change mitigation still represented less than 2% of overall giving in 2021. Beyond total funding dollars, "funding trends" captured the flow of foundation funding for climate change mitigation across 16 sectors and strategies and for 12 regions. The report also highlighted broader trends shaping climate philanthropy, including an increased focus on justice and equity, fossil fuel divestment, integrated solutions, and large-scale collaboration. - in addition to the funding trends report, climateworks global intelligence released 23 publications and produced 32 tailored analyses and briefings”

“Climateworks' forests and land use program, led by the climate and land use alliance (clua), supports policies, practices, and partnerships to halt and reverse forest loss, promote sustainable land use, and protect the rights and livelihoods of indigenous and forest communities. Through clua, in 2022, climateworks awarded $115.8 million in grants and programmatic contracts to 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 cop27, climateworks, the other clua member foundations, and six other leading climate philanthropies announced new philanthropic funding commitments totaling $400 million over five years. The funding will support safeguarding forests and supporting the indigenous and local communities stewarding them, shifting finance and markets to favor standing forests, strengthening public support, and advancing strong policy. The collaboration of philanthropic funders and civil society organizations--called forests, people, climate--is part of an effort to significantly increase philanthropic funding to end and reverse tropical deforestation while delivering just and sustainable development.”

“Reversal of prior year pledges -3,613,995. Recovery of prior year grant expenses 362,022.”