Biodiversity Management Agreement Tax Incentive

Grantee Wilderness Foundation Africa
Type Protected Area Management
Location South Africa
Species All
Grant Amount $15,597
Duration 1 year

The conservation of threatened species and protection of South Africa’s landscapes requires the durability of long-term financial investments. With RRF funding, Wilderness Foundation Africa aims to utilize the Biodiversity Management Agreement (BMA) tax incentive for the first time. The BMA seeks to reduce the shortfall in biodiversity funding by providing the opportunity to deduct conservation costs that are linked to land management practices meant to safeguard key species such as white and black rhino. The objective is to incentivize investment in conservation in a way that will ensure financial sustainability for efforts protecting wildlife and landscape.