To accelerate ecological restoration through conservation finance, enabling climate resilience for ecosystems and communities.
Blue Forest Finance Inc uses conservation finance to move forest restoration work into implementation, with a model built around the Forest Resilience Bond and related project-specific financing. The latest grants show that the foundation’s capital supports forest restoration services tied to named landscape projects, including the Yuba II FRB Project and the Upper Wenatchee I FRB Project. That pattern points to a funder working through transactions and contracts rather than broad operating support, with grants attached to specific restoration work on public and regional landscapes. The foundation also pairs that implementation model with investment activity. Its California Wildfire Innovation Fund is designed to provide flexible financing to companies and entrepreneurs delivering forest restoration and wildfire mitigation work across California, showing an interest in both field-based treatment and the financing tools that make that work possible. Across the recent grants, the recipients include a national forest nonprofit, a county government, and a watershed authority, which reflects a mix of public and nonprofit partners in site-based restoration. Blue Forest Finance Inc’s stated aim is to accelerate ecological restoration through conservation finance for climate resilience in ecosystems and communities.
Forest restoration is the clearest thread in Blue Forest Finance Inc’s recent grantmaking. In 2025, it gave $1,000,000 to National Forest Foundation for forest restoration services associated with the Yuba II FRB Project, continuing a project tied to the Forest Resilience Bond model. The foundation also backed the Upper Wenatchee landscape with $200,000 to Chelan County for forest restoration services associated with the Upper Wenatchee I FRB Project. Its work extends into watershed and riparian health through restoration tied to named basin projects. A $100,000 grant to Upper Mokelumne River Watershed Authority supported forest restoration services associated with the Upper Mokelumne I FRB Project. The active program descriptions also show a focus on watershed resilience and public-private finance through the Forest Resilience Bond, alongside wildfire mitigation and investment in companies and entrepreneurs through the California Wildfire Innovation Fund.
Blue Forest Finance Inc’s typical grant size is $850,000 at the 25th, median, and 75th percentiles, which suggests a very tight grant-size pattern. Recent awards include one $1,000,000 grant, one $850,000 grant, one $200,000 grant, and one $100,000 grant, all in the United States. The grant record shows a recurring relationship with National Forest Foundation across 2024 and 2025 on the Yuba I and Yuba II FRB projects, alongside project-specific awards to other partners. The foundation makes program-related investments and also operates named programs, including the Forest Resilience Bond and the California Wildfire Innovation Fund. Both active programs accept unsolicited submissions.
$2.2M
$35.2M
$8.9M
$9M
Most grants fall between $850K and $850K, with a median of $850K.
25th Percentile
$850K
Median
$850K
75th Percentile
$850K
About 0% of grants go to recipients in MT.
ZACHARY KNIGHT
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The grant footprint is regional and entirely domestic in the data provided: all four recent grants went to U.S. recipients, with no awards to California recipients in the recent-grants list. Montana is the top state by grant count, driven by Missoula-based National Forest Foundation. Other named recipient locations include Wenatchee, Washington, and Oakland, California. The recent pattern also reaches across landscape projects rather than concentrating in the headquarters state of California.
The foundation funds forest restoration, wildfire risk reduction, watershed and ecosystem restoration, conservation finance, natural capital, wood utilization and forest economy development, and blue carbon. Recent grants specifically supported forest restoration services tied to the Yuba II, Yuba I, Upper Wenatchee I, and Upper Mokelumne I FRB projects.
Its typical grant size is $850,000, and the p25, median, and p75 are all the same amount. That indicates a narrow distribution around a single project-finance scale rather than a broad range of award sizes.
Yes. Both active programs listed for the foundation — the Forest Resilience Bond and the California Wildfire Innovation Fund — are marked as accepting unsolicited submissions.
No. The recent grants shown are entirely U.S.-based, but the recipients include Missoula, Montana; Wenatchee, Washington; and Oakland, California. The top state by grant count is Montana, not California.
Yes. National Forest Foundation appears in both 2024 and 2025, with grants for the Yuba I and Yuba II FRB projects. That indicates at least one ongoing relationship across multiple years.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| NATIONAL FOREST FOUNDATION | MISSOULA, MT | $1,000,000 | 2025 | FOREST RESTORATION SERVICES ASSOCIATED WITH YUBA II FRB PROJECT |
| CHELAN COUNTY | WENATCHEE, WA | $200,000 | 2025 | FOREST RESTORATION SERVICES ASSOCIATED WITH UPPER WENATCHEE I FRB PROJECT |
| UPPER MOKELUMNE RIVER WATERSHED AUTHORITY | OAKLAND, CA | $100,000 | 2025 | FOREST RESTORATION SERVICES ASSOCIATED WITH UPPER MOKELUMNE I FRB PROJECT |
| NATIONAL FOREST FOUNDATION | MISSOULA, MT | $850,000 | 2024 | FOREST RESTORATION SERVICES ASSOCIATED WITH YUBA I FRB PROJECT |
NATIONAL FOREST FOUNDATION
$1,000,000FOREST RESTORATION SERVICES ASSOCIATED WITH YUBA II FRB PROJECT
CHELAN COUNTY
$200,000FOREST RESTORATION SERVICES ASSOCIATED WITH UPPER WENATCHEE I FRB PROJECT
UPPER MOKELUMNE RIVER WATERSHED AUTHORITY
$100,000FOREST RESTORATION SERVICES ASSOCIATED WITH UPPER MOKELUMNE I FRB PROJECT
NATIONAL FOREST FOUNDATION
$850,000FOREST RESTORATION SERVICES ASSOCIATED WITH YUBA I FRB PROJECT