Establishment of Foundation

(1) The Board shall establish a Protected Areas Conservation Trust Foundation in conjunction with the Trust to receive gifts and donations which cannot be received directly by the Trust Fund, and to raise funds to promote conservation and management, for the sustainable use of natural and cultural resources of Belize. (2) The Foundation shall be independent of control from the Government, the Trust Fund or any other institution. (3) The Board of Directors of the Foundation shall consist of– (a) a representative selected by– (i) the Belize Audubon Society; (ii) the Programme for Belize; 30 (iii) the Trust Fund; (iv) the Toledo Institute of Development and Environment; (v) the Ministry responsible for protected areas; and (vi) the Executive Director, who shall be am ex-offocio member; and (b) other representatives of such organisations and bodies as may be admitted to membership of the Board of Directors of the Foundation through contractual or other legally binding arrangements, and the total number of Directors of the Foundation shall not at any one time exceed eleven. and development fee.