Philanthropies plan to commit over $85 million to Tropical Forest Forever Facility as race to close fundraising gap enters final stage

COP31 Antalya, Türkiye | 11th November 2026

A coalition of leading philanthropies today announced plans to commit US$88 million to the Tropical Forest Forever Facility (TFFF), a new financing mechanism launched last year to deliver permanent revenue streams for Tropical Forest Countries and the communities that steward the forests. Announced at the COP31 World Leaders Summit, their intervention comes with only weeks left to hit its $10 billion capitalisation goal before the end of the year.

Backed by 67 countries that together host more than 90% of the world’s tropical forests, the TFFF could unlock unprecedented flows of funding for forest protection each year. However, to make that vision a reality, the TFFF must close its remaining $2.1 billion fundraising gap for 2026.

The full coalition comprises the Bacon Foundation, Children’s Investment Fund Foundation, Conservation International, the David and Lucile Packard Foundation, the Gordon and Betty Moore Foundation, Minderoo Foundation, Quadrature Charitable Foundation, The Nature Conservancy and a private family office. It represents the largest display of philanthropic support for the initiative to date, reflecting increasing confidence in the TFFF as a mechanism for mobilising long-term finance for tropical forest protection. Their contributions are expected to go directly into the TFFF’s Sponsor Tranche, building towards its $10 billion 2026 fundraising target. The philanthropies are urging other funders and governments to step forward now to secure the initiative’s future.

Since being named a Finalist for HRH Prince William’s Earthshot Prize in 2025, the TFFF has had the Royal Foundation’s support in building towards its 2026 fundraising target.

The announcement follows the Netherlands’ $0.5 billion contribution to the TFFF – the latest addition to a growing coalition of sponsor governments backing the TFFF since its launch at COP30. Sponsors now include Brazil, Norway, Indonesia, Germany, France, Luxembourg, the United Kingdom and the Netherlands.

Tropical forests are critical to human security and wellbeing. They absorb approximately 7 billion tonnes of CO2 from the atmosphere every year, drive rainfall patterns at continental scales, and provide food, water and fuel for around 1.2 billion people in tropical countries. Protecting these forests will safeguard nature for generations to come, while also creating new opportunities for clean growth, sustainable livelihoods and jobs. The TFFF is designed to reward this value, by transforming how forest protection is financed globally. Its innovative financial model would unlock large-scale, permanent revenue streams, that would be funnelled directly to both countries and Indigenous Peoples and Local Communities (IPLCs) to implement forest protection strategies.

The TFFF plans to take significant steps towards operationalisation in the coming weeks. Its Investment Fund is expected to be incorporated in Luxembourg before the end of the year, and to open the bank account to receive contributions.

During the World Leaders’ Summit, governments also shared progress on a range of other forest protection initiatives, including continued expansion of jurisdictional REDD+ and national plans for advancing land tenure for IPLCs – building momentum towards their shared goal of halting and reversing deforestation by 2030.

Kate Hampton OBE, CEO of the Children’s Investment Fund Foundation, said: “When we lose tropical forests, we weaken the power of nature to support our water, food and health security, we disrupt our climate and we miss opportunities for clean growth and lasting jobs for young people. TFFF helps recognise the value of keeping forests standing, unlocking long-term finance for forest countries and communities. A world where children flourish needs forests to thrive, so we’re proud to back this ambitious international collaboration.”

Ambassador Mauro Vieira, Foreign Minister of Brazil, said “Brazil welcomes the philanthropic partners backing the Tropical Forest Forever Facility. Their USD 88 million commitment is a concrete vote of confidence in the TFFF — and it delivers on one of the Facility’s core ambitions: expanding forest finance beyond official government contributions. The expertise, credibility and networks these organisations bring strengthen the TFFF and open the door for others to join. The TFFF is designed to mobilise capital from multiple sources — governments, philanthropy and the private sector — and this announcement shows the model is starting to work.”

Patricia Zurita, Executive Director and Chief External Affairs Officer of Conservation International, said: “For too long, we have relied on short-term funding to protect forests whose value to our climate, biodiversity and people spans generations. The TFFF offers a chance to change that, providing lasting financial incentives to keep tropical forests standing while supporting Indigenous Peoples and Local Communities who steward them. This collective philanthropic commitment demonstrates growing confidence in that vision. Now governments and other funders must build on this momentum to meet the year-end capitalisation target and turn these commitments into lasting support for forests and their communities.”

Nancy Lindborg, President and CEO of the David and Lucile Packard Foundation, said: “Protecting tropical forests is one of the most powerful ways we can address climate change and secure a healthier future for people and the planet. The Tropical Forest Forever Facility offers an innovative approach for turning ambition into lasting action around the world, while recognizing the rights and leadership role of Indigenous and local communities who have depended on and stewarded these ecosystems for generations.”

Aileen Lee, President of the Gordon and Betty Moore Foundation, said: “The Tropical Forest Forever Facility offers a bold and ambitious solution to the long-standing problem of how to honor the value of keeping forests standing. We are proud to be part of the philanthropic community playing its role in helping to realize this opportunity, alongside the leadership of the governments who have already contributed.”

Dr Andrew Forrest AO, Founder of Minderoo Foundation, said: “One year ago, Minderoo Foundation became the cornerstone philanthropic investor in the TFFF at COP30 in Belém. Today, Minderoo is proud to join The Children’s Investment Fund Foundation in increasing our support for the TFFF to $15 million USD; matching CIFF’s own generosity. Together, we are demonstrating how innovative financing can help unlock the scale of investment needed to keep the world’s tropical forests standing. Minderoo’s support for the TFFF reflects our belief that protecting nature is critical to global climate goals and can be done without wasting time or money on carbon offsets.”

Jennifer Morris, CEO of The Nature Conservancy, said: “While many historic efforts have been made to address forest loss, TFFF is unique in the way in which it seeks to directly reward countries for maintaining high forest cover and low deforestation rates—a welcome and much-needed distinction. Its results-based model, innovative financial approach and leadership from forest countries positions the TFFF to accelerate conservation and restoration at scale. Importantly, the TFFF has publicly committed to allocate 20% of payments directly to Indigenous Peoples, local and traditional communities who are stewarding tropical forests around the world.”