Pacific Islands Development Bank provides $2,000 to MCT’s Operational Endowment Fund

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Category: News
Published: Tuesday, 19 March 2019 02:51
Written by Bill Jaynes
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Micronesia Conservation Trust

EndowmentOn December 18, 2018, on behalf of the Pacific Islands Development Bank (PIDB), Mr. Diego Benavente presented a $2,000 check to the Micronesia Conservation Trust (MCT). Mr. Benavente and Minister Elbuchel Sadang, who both serve as a Directors for the PIDB Board and as Trustees on MCT’s Board, along with PIDB CEO Aren Palik, former MCT Board Chair, secured this contribution. The funds will be deposited into the MCT Operational Endowment, which currently totals approximately $800,000 and funds special programs and needs which the Board of Trustees determine are relevant to MCT’s core programs. MCT Chairwoman Doreen Debrum, Treasurer Anna Mendiola, Regional Trustee Jared Morris, International Trustee Trina Leberer, International Trustee Megumi Araki, Executive Director William Kostka and Deputy Executive Director Lisa Andon received the donation on behalf of MCT. This donation of $2,000 will assist MCT in securing further matching funds from our donors/friends for the Operational Endowment.

The MCT Board of Trustees, Leadership and Management, met in Pohnpei on December 17th and 18th, to spend time inventorying accomplishments, discussing lessons learned and considering the future for MCT and our work as we began the process of developing the MCT Strategic Action Plan (SAP) for 2019-2021. This special meeting and the subsequent regular quarterly meeting presented PIDB the opportunity to hand over the check and show its support to MCT and conservation in Micronesia.

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