| Category | Amount |
|---|---|
| Dao Foods is an impact investment firm that aims to help entrepreneurs develop new plant-based meat and alternative protein products in China to reduce consumer demand for industrial animal agriculture. | 66,964 |
| Grantee's Name | Grantee's Address | Grant Date | Grant Amount | Grant Purpose | Amount Expended By Grantee | Any Diversion By Grantee? | Dates of Reports By Grantee | Date of Verification | Results of Verification |
|---|---|---|---|---|---|---|---|---|---|
| Unovis NCAP Fund II CV |
Weteringschans 225 H Amsterdam1017XH NL |
2020-10-22 | 4,930,000 | Innovative plant-based replacements to animal products | No | 3/31/2021 | To the knowledge of the Foundation, and based on the reports furnished by the recipient to date, no part of the funds have been used for any purposes other than those contemplated by the program related investment. The Foundation reviewed the reports submitted by the recipient, but did not undertake any verification thereof, as there was no reason to doubt their accuracy or reliability. | ||
| Sustainable Food Ventures |
411 1st Ave S Ste 505 Seattle,WA98104 |
2020-10-19 | 1,200,000 | Accelerate plant based, cell based & recombinant foods | No | 3/11/2021 | To the knowledge of the Foundation, and based on the reports furnished by the recipient to date, no part of the funds have been used for any purposes other than those contemplated by the program related investment. The Foundation reviewed the reports submitted by the recipient, but did not undertake any verification thereof, as there was no reason to doubt their accuracy or reliability. | ||
| Dao Foods Fund |
Sea Meadow House PO Box 116 Road TownTortola VI |
2020-12-16 | 66,964 | To reduce consumer demand for industrial animal agriculture | No | 12/24/2020 | To the knowledge of the Foundation, and based on the reports furnished by the recipient to date, no part of the funds have been used for any purposes other than those contemplated by the program related investment. The Foundation reviewed the reports submitted by the recipient, but did not undertake any verification thereof, as there was no reason to doubt their accuracy or reliability. |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| General counsel & governance | 10,347 | 0 | 0 | 10,347 |
| Legal - investment related | 2,000 | 2,000 | 0 | 0 |
| Legal - PRI related | 20,000 | 0 | 0 | 20,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PRI - Dao Foods Fund SPC Ltd-Vent Fd 1 | 66,964 | 66,964 | |
| PRI - Sustainable Food Ventures, LP - A1 | 1,200,000 | 1,200,000 | |
| PRI - Unovis NCAP Fund II C.V. | 4,742,703 | 4,880,523 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank fees | 119 | 119 | ||
| PRI partnership expenses | 187,297 | 187,297 |
| Name | Address |
|---|---|
| Veg Invest Trust |
165 W 91st St 16B New York,NY10024 |
| New Corp Capital |
274 Zena Rd Kingston,NY12401 |