Historic preservation Act 1913. The new structure involved the creation of the Ancient Monuments Board to oversee the protection of such monuments. Powers were given for the board, with Parliamentary approval, to issue preservation orders to protect monuments, and extended the public right of access to these. The term "monument" was extended to include the lands around it, allowing the protection of the wider landscape. The National Trust was founded in 1894 by Octavia Hill, Sir Robert Hunter, and Hardwicke Canon Rawnsley as the first organisation of its type in the world. Its formal purpose is: The preservation for the benefit of
Development impact bond Instiglio became the first specialized intermediary founded to adapt development impact bonds and social impact bonds to the unique challenges of low and middle-income countries. In June 2014, Instiglio, Children's Investment Fund Foundation (CIFF), Educate Girls, IDinsight and UBS Optimus Foundation launched the first Development Impact Bond. The objective of the DIB is to reduce the gender gap in education in Rural India by getting girls into school and learning. UBS is providing an investment to an Indian NGO, Educate Girls. After three years, CIFF (the outcome payer) will pay based on enrollment and learning outcomes that IDinsight will evaluate