Terraformation Org Foundation

Overview

Terraformation Org Foundation is a nonprofit organization dedicated to supporting forestry projects focused on reforestation and carbon capture. It operates as the nonprofit arm of Terraformation Inc., concentrating on environmental conservation and carbon sequestration through the creation of biodiverse forests.

Mission and Objectives

The mission of the Terraformation Org Foundation is to aid in preserving a livable climate by supporting the growth of new forest areas around the world. The organization emphasizes the critical role trees play as carbon sinks, leveraging this natural resource to combat climate change.

Activities

Terraformation Org Foundation focuses on financing and granting operational support to forestry projects. All donations received by the foundation are allocated directly to project finance or operational grants, with no deduction for overhead costs. The organization's efforts contribute significantly to the Terraformation Inc. initiative of restoring biodiverse forests globally.

Financial Overview

Financially, the Terraformation Org Foundation relies primarily on contributions to fund its activities. According to recent filings, the organization has reported receiving significant contributions, which are utilized entirely for project-related expenses.

Governance

The foundation's governance includes key personnel such as Yishan Wong, who serves as a leading figure in its operations. Other key officers include those responsible for financial and administrative roles.

Legal Status

Terraformation Org Foundation is designated as a 501(c)(3) organization under U.S. tax law, making donations to the foundation tax-deductible.

Collaboration

Through its association with Terraformation Inc., the foundation collaborates with various forestry teams and organizations worldwide to launch high-quality carbon projects, promoting sustainable forest restoration and biodiversity conservation.

[1] https://terraformation.com/our-mission [2] https://projects.propublica.org/nonprofits/organizations/852186568 [3] https://terraformation.com/what-we-do [4] https://terraformation.org [5] https://terraformation.com