Operation & Strategy The Foundation’s operation is governed by the principles of strategic philanthropy.
The objective of its grants is to serve the empowerment and development of their direct beneficiaries, rather than merely covering their temporary needs. Thus, each request is examined through the prism of sustainability and capacity building. Grantee organizations are expected to achieve broad and lasting social impact as well as to demonstrate effective governance, sound management, and the ability to fulfil their purpose.
At the core of the Foundation’s aim is the practical support and mobilization of organizations, with the purpose of multiplying the benefits of the grants it awards. Accordingly, it prioritizes the forging of collaborations of various forms with other funders, including co-funding and complementary grants. Moreover, it favors programs and actions implemented through the collaboration of Civil Society members, as well as by public-private partnerships.
According to the philanthropic strategy defined by the Executive Committee for the year 2023, the Foundation will support projects of nationwide reach as well as of national significance, in addition to projects related directly or indirectly to the sea.