The International Community Foundation is proud to help Eco-Alianza de Loreto secure this time-sensitive property and realize their long-held dream of a Community Center for the Environment.
San Diego, CA (PRWEB) January 08, 2013
Today, the International Community Foundation (ICF) provided a 10-year Program-Related Investment (PRI) to Eco-Alianza de Loreto, A.C., a registered civil society organization in Mexico.
Eco-Alianza de Loreto will use the PRI to acquire the property that will anchor the new Community Center for the Environment/Centro Comunitario para el Medio Ambiente (CenCoMA) in Loreto, Baja California Sur, Mexico. With this acquisition, the Center will serve as a central hub to promote citizen engagement, environmental education and research on the coastal, marine and terrestrial biodiversity of Loreto and the Baja California peninsula.
The definition of a program-related investment is an investment made by a foundation to support charitable activities that involve the potential return of capital within an established time frame. PRI’s are often used for property acquisition, affordable housing developments, and social business ventures. This is the first PRI ever issued by the International Community Foundation, made through the Kinninger Family Fund at ICF and, in particular, Anthony and Linda Kinninger, donors with a passion for protecting Loreto‘s unique habitats on sea and on land.
“The International Community Foundation is proud to help Eco-Alianza de Loreto secure this time-sensitive property and realize their long-held dream of a Community Center for the Environment,” said Richard Kiy, President & CEO of the International Community Foundation. “We are grateful for the generous support of Tony and Linda Kinninger for making this PRI possible.”
“Eco-Alianza de Loreto is thrilled to accept the responsibility of this charitable loan that will make our Community Center for the Environment a reality. The trust that ICF has shown in us reflects a strong partnership and mutual commitment to Loreto’s natural treasures,” said Horacio Cabrera, Eco-Alianza de Loreto’s Executive Director.
About Eco-Alianza de Loreto, A.C:
Eco-Alianza de Loreto is a charitable organization located in Loreto, B.C.S., Mexico committed to working collaboratively with the public, private and nonprofit sectors to protect and preserve the coastal, marine and terrestrial eco-systems of the municipality of Loreto while promoting smart growth strategies and viable communities in the region. For more information on Eco Alianza de Loreto visit: http://www.ecoalianzaloreto.org/
About the International Community Foundation:
The International Community Foundation is a public foundation founded in 1990 whose mission is to expand the level of charitable giving internationally by U.S. donors with an emphasis on Mexico and Central America. For more information on the International Community Foundation visit: http://www.icfdn.org or contact Anne McEnany at anne(at)icfdn(dot)org, 619-206-9342.