PHOENIX ISLANDS PROTECTED AREA CONSERVATION TRUST

PHOENIX ISLANDS PROTECTED AREA CONSERVATION TRUST THE PIPA TRUST IS ORGANIZED UNDER THE LAWS OF THE REPUBLIC OF KIRIBATI AS A TAX-EXEMPT, CHARITABLE ORGANIZATION. THE PIPA TRUST WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL,AND SCIENTIFIC PURPOSES. ITS PRIMARY PURPOSES ARE TO SUPPORT THE ENVIRONMENTAL PROTECTION, CONSERVATION, ADMINISTRATION AND MANAGEMENT OF THE PHOENIX ISLANDS PROTECTED AREA (THE "PROTECTED AREA"), TO SUPPORT SCIENTIFIC RESEARCH AND INVESTIGATIONS OF THE PROTECTED AREA, AND TO ENSURE THAT EXPLOITATION REMAINS LIMITED OR PROHIBITED. THE PROTECTED AREA IS LOCATED WHOLLY WITHIN THE STATE BOUNDARIES OF THE REPUBLIC OF KIRIBATI AND ITS 200-MILE MARINE EXCLUSIVE ECONOMIC USE ZONE. THE GOAL OF THE PIPA TRUST IS TO PROVIDE SUPPORT FOR THE PROTECTED AREA TO ENSURE THAT THE NATURAL RESOURCES AND BIODIVERSITY OF THE PROTECTED AREA ARE PRESERVED FOR RESEARCH, EDUCATIONAL, AND CONSERVATION PURPOSES IN THE LONG TERM.