; and (B) the bylaws established pursuant to section 4(b)(13). (b) Purposes The purposes of the Foundation are— (1) to provide grants for the responsible management of designated priority primarily protected and conserved areas in eligible countries that have a high degree of biodiversity or species and ecosystems of significant ecological value; (2) to promote responsible, long-term management of primarily protected and conserved areas and their contiguous buffer zones; (3) to incentivize, leverage, accept, and effectively administer governmental and nongovernmental funds, including donations from the private sector, to increase the availability and predictability of financing for responsible, long-term management of primarily protected and conserved areas in eligible countries; (4) to help close critical gaps in public international conservation efforts in eligible countries by— (A) increasing private sector investment, including investments from philanthropic entities; and (B) collaborating with partners providing bilateral and multilateral financing to support enhanced coordination, including public and private funders, partner governments, local protected areas authorities, and private and nongovernmental organization partners; (5) to identify and financially support viable projects that— (A) promote responsible, long-term management of primarily protected and conserved areas and their contiguous buffer zones in eligible countries, including support for the management of terrestrial, coastal, freshwater, and marine protected areas, parks, community conservancies, Indigenous reserves, conservation easements, and biological reserves; and (B) provide effective area-based conservation measures, consistent with best practices and standards for environmental and social safeguards