Robert Hunter (National Trust) to propagate the formation of a "National Trust for Places of Historic Interest or Natural Beauty". In July 1894 the trust was formally inaugurated under the presidency of the Duke of Westminster. At the inaugural meeting Rawnsley declared, to cheering, that the aim was to establish "a great National Gallery of natural pictures". Hunter was appointed chairman of the executive committee. In the same year he was knighted for his services to conservation. Hunter had warned the inaugural meeting that the trust would be on a truly secure footing only if it obtained the permanent status granted by either a
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