; or (B) a member of the Board selected to fill a vacancy pursuant to section 4(a)(3)(B). (4) Eligible country The term eligible country means any of the countries described in section 7(b). (5) Eligible project The term eligible project means any of the projects described in section 7(a)(2). (6) Executive director The term Executive Director means the Executive Director of the Foundation hired pursuant to section 4(b). (7) Foundation The term Foundation means the United States Foundation for International Conservation established pursuant to section 3(a). (8) Secretary The term Secretary means the Secretary of State. 3. United States Foundation for International Conservation (a) Establishment (1) In general Not later than 180 days after the date of the enactment of this Act, the Secretary shall establish the United States Foundation for International Conservation. (2) Independence The Foundation is not an agency or instrumentality of the United States Government. (3) Tax-exempt status The Board shall take all necessary and appropriate steps to ensure that the Foundation is an organization described in subsection (c) of section 501 of the Internal Revenue Code of 1986, which exempts the organization from taxation under subsection (a) of such section. (4) Termination of operations The Foundation shall terminate operations on the date that is 10 years after the date on which it is established pursuant to paragraph (1). (b) Purposes The purposes of the Foundation are— (1) to promote effective, long-term management of protected and conserved areas and their contiguous buffer zones in eligible countries; (2) to advocate for, incentivize, accept, and administer governmental and nongovernmental funds, including donations from the private sector, to increase the availability and predictability of financing for long-term management of protected and conserved areas