September 30, 2013 — A new Fishery Improvement Partnership Fund that will help address overfishing – one of the largest threats to the global seafood supply – will leverage philanthropic, industry and government resources to help develop and advance Fishery Improvement Projects (FIPs) worldwide.
The Walton Family Foundation (WFF), in collaboration with Darden Restaurants, plans to create the new fund as an investment model. The fund, announced at the Clinton Global Initiative (CGI) annual meeting, is being developed as an official CGI Commitment to Action.
The National Fish and Wildlife Foundation (NFWF) will manage the new fund, and with its partners, will develop a structure for matching contributions, select projects and evaluate the effectiveness of funded projects.
Advised by the New England Aquarium, Florida based Darden Restaurants – owner of the Red Lobster and Olive Garden chains – is the initial contributor. The WFF and its partners plan to identify and recruit other contributors.
Read the full story at the Gulf Seafood Institute