The company launched a website for the foundation on Monday that details 41 grantees who will collectively receive just north of $10 million in funding. The recipients are mostly in the United States, with a few falling outside the EV startup's home country. The website lifts the hood on one of the more closely guarded promises made by Rivian around the time of its blockbuster IPO.
Rivian says the gift will "help foster the collaborative efforts needed to ensure that critical California landscapes remain places where wildlife thrives, cultural resources are protected, and people are inspired for generations to come." The largest grant of $2 million was made to The Nature Conservancy in August this year.
Until now, it was unclear what the Rivian Foundation - and an adjacent entity called Forever by Rivian - would prioritize, where it would invest, and how its strategy might be affected by a diminished pool of capital. The list of grantees begins to answer some of those questions.
The majority of the other 39 grants range between $100,000 to $400,000, indicating a diverse approach to addressing environmental and community-focused initiatives.
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