The Ocean Foundation is a 501(c)(3) community foundation, based in Washington, D.C. and established in 2002.[1] Its mission is "to support, strengthen, and promote those organizations dedicated to reversing the trend of destruction of ocean environments around the world."[2]
Formation | 2002 |
---|---|
Founder | Wolcott Henry |
Type | Non-profit environmental organization |
71-0863908 | |
Headquarters | Washington, D.C. |
President | Mark J. Spalding |
Website | https://oceanfdn.org/ |
The Ocean Foundation was founded by underwater photographer Wolcott Henry.[3] It began as the Coral Reef Foundation with "a group of like-minded coral conservation experts, venture capitalists and philanthropy colleagues...providing both expert advice about conservation projects and easy mechanisms for giving".[4] The Coral Reef Foundation then changed its mission in 2003 to support all ocean conservation efforts, and was renamed The Ocean Foundation.[5] 2022 marked The Ocean Foundation's 20th year in business.[6]
Under the community foundation model, The Ocean Foundation hosts donor-advised funds, pooled funds, and funders collaboratives as a grantmaking facility,[7] and receives grants through donors and corporations.[8] The Ocean Foundation partners with corporations and organizations for proceeds-of-sale[9] and ocean and marine initiatives, and holds a Fiscal Sponsorship Program for ocean and marine-related projects.[10] The organization also provides counseling services.[11]
Four initiatives have been launched at The Ocean Foundation to "fill gaps in conservation work"[12]
The Ocean Foundation hosts fiscally sponsored projects using themes such as ocean literacy, species protection, habitat conservation, and capacity building.[30]
A few hosted projects include:
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