The Goldman Sachs Charitable Gift Fund is a nonprofit corporation that gives grants to a wide range of charitable projects.
In February 2022, the foundation committed a grant contribution of $12.5 million to the ADB-administered Climate Innovation and Development Fund (CIDF). The CIDF was established in February 2022 to support innovative nonsovereign climate change projects in South and Southeast Asia. Its purpose is to support sustainable low-carbon economic development in developing countries in South and Southeast Asia by increasing the pace, scale, and ambition of climate solutions and contributing to the clean energy transition.
Active Trust Funds
Trust funds with ongoing projects or no active projects but with remaining funds are considered active
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ADB and TPDDL, the distribution arm of Tata Power, entered into an agreement to subscribe to nonconvertible debentures for ₹1.5 billion (equivalent to $18.2 million) to enhance Delhi’s power distribution through grid enhancements, and a $2 million grant to partially finance the purchase and integration of a pilot battery energy storage system.
ADB signed a $107 million financing project with BIM Wind Power Joint Stock Company (BIM Wind) to support the operation of an 88-megawatt wind farm in Ninh Thuan province, Viet Nam.
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Q&A: The SDGs Won't Be Achieved Without Private Capital. Here's How ADB Mobilizes It
The challenge of achieving the Sustainable Development Goals SDGs by 2030 is becoming more difficult—and more costly. Asia and the Pacific, like other regions, is lagging on SDG progress. To halt this trend, trillions of dollars in extra development finance is needed particularly from the private sector’s vast resources. ADB pioneers the mobilization of commercial capital from both public and private sources using a variety of products.