Major Corporations Commit Funding to Help Lake Mead
Business For Water Stewardship has helped facilitate over $4 million in corporate and philanthropic funding to increase water supply reliability for Arizona, Nevada, and California through a system conservation project with the Colorado River Indian Tribes (CRIT). View the press release here and our fact sheet here.
The funds were provided by leading corporations and brands including: Intel Corp., Keurig Dr Pepper, Microsoft, Cox, The Coca-Cola Foundation, Procter & Gamble, Reformation, Silk, Target, Swire Coca-Cola, USA, Brochu Walker, EcoLab, and Cascade. This landmark collective funding agreement from major corporations and a philanthropic match is the single largest collaborative funding effort of its kind and complements existing funding from the state of Arizona to compensates the Colorado River Indian Tribes (CRIT) for conserving up to 150,000 acre-feet of its Colorado River water- directly shoring up declining water levels in Lake Mead. The funding also supports the tribe’s longer-term efforts to modernize irrigation systems and conserve additional water. The $4 million raised achieves the non-profit and philanthropy sector goal to raise $8 million and closes the full $38 million project gap. This is 100% of the target and secures the full benefits of 150,000 acre feet of conserved water for Lake Mead.
- As the business and philanthropic communities come together to assure long-term water security for Arizona through financial commitments to shore up Lake Mead, we are thrilled to work with these partners to be a part of this commitment.
- The project contributes to the longer-term priorities of the CRIT to modernize irrigation infrastructure and conserve additional Colorado River water.
- This investment in the lower Colorado River basin’s water future will drive water solutions for cities and communities in California, Nevada and Arizona, continuing to make the Southwest a great place to invest, hire, and grow.
PARTICIPATING FUNDERS CONTRIBUTING OVER $4 MILLION TO SYSTEM CONSERVATION
- Intel Corp.
- Keurig Dr Pepper
- The Coca-Cola Foundation
- Procter & Gamble
- Swire Coca-Cola, USA
- Brochu Walker
- Water Funder Initiative- philanthropic matching partner