The Canopy Fund (CF) is a unique investment initiative that utilizes creative financial solutions and philanthropy to achieve significant environmental, social, and economic impact. It focuses on preserving forests, enhancing biodiversity, and protecting nature.
The Brainforest Canopy Fund recognizes the significant learning curve for accountants, auditors, and oversight bodies of foundations in managing the new financial practices.
To facilitate this learning and adaptation, the Fund will begin returning money to the participating foundations within the first 24 months, even if these are initially small amounts.
This strategy will enable foundations to practice and refine the accounting of returned capital from their grant budgets.
For instance, the recoverable grant contributions made by a foundation should be recorded on the active side of its balance sheet as a pro-memoria item, ensuring accurate financial representation.