Financial Information
• Sustainable finance
Ensuring the protection of the Mediterranean requires strong financial stability. To sustain our conservation efforts, our economic model operates through four complementary funding mechanisms.
Endowment fund
The endowment fund is invested in perpetuity in the international financial markets, and only the interest income from this investment is used to finance biodiversity conservation grants and activities.
Net asset value (as of December 31, 2025): €5.3M (from an initial capitalization of €4.5M in April 2022).
Performance: +4.12% net of fees compared to 12/31/2024.
Sinking fund
All capital and investment income of the sinking fund is disbursed on conservation actions over a fairly long, predefined period until fully spent and amortized.
Net asset value (as of December 31, 2025): €4.4M.
Revolving funds
The revolving funds come from donations. They are earmarked for The MedFund and regularly replenished to be used for specific biodiversity conservation purposes. Revolving funds consist of donations from the Spanish Government and a network of aquariums, including the Oceanographic Institute and the Seaquarium, which donate a percentage of every admission ticket sold. In 2025, this amounted to €85,000.
Project funds
The project fund corresponds to a budget allocation specifically earmarked for a project.
We currently manage several projects dedicated to funding MPAs and the Highly Protected Areas window. In 2025, approximately €358,000 was received from the GEF7 and Pew Bertarelli Ocean Legacy projects, as well as the Government of Monaco.
• Financial overview
• Diversified funding sources built on strong partnerships
• Nearly two-thirds of expenditures dedicated to on-the-ground actions benefiting MPAs
• Total equity amounting to €9.6 million
Funds received
- The Government of Monaco €200,000
- Global Environment Facility (CI-GEF) €106,361
- PEW Bertarelli €52,000
- Spanish Government €40,000
- Oceanographic Institute of Monaco €30,000
- Seaquarium €15,000
Breakdown of expenses
- Coordination & management
- €333,648
- Communication
- €20,815
- Fundraising
- €16,596
Cumulative amounts disbursed
per beneficiary country(from 2020 to December 31, 2025)
Tunisia €1,347,245
Kneiss Islands: €319,326
Kuriat Islands: €335,894
Northern Kerkennah Islets: €110,166
La Galite: €356,995
Zembra & Zembretta: €224,865
Türkiye €468,508
Datca Bozburun: €158,204
Fethiye Gocek: €30,000
Gokova: €280,304
Albania €383,132
Karaburun Sazan: €329,615
Porto Palermo: €53,517
Morocco €288,592
Al Hoceima: €134,047
Jbel Moussa: €154,545
Montenegro €234,962
Katic: €116,665
Platamuni: €60,208
Stari Ulcinj: €58,089
Croatia €160,726
Telascica: €160,726
Greece €126,550
Sporades Alonissos: €126,550
Lebanon €119,405
Palm Island: €119,405
Breakdown of amounts in euros and % of cumulative disbursements by beneficiary country (from 2020 to December 31, 2025)
Breakdown of amounts in euros and % of cumulative commitments (from 2020 to present)
