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Conservation philanthropy has grown significantly in the past decade. As the number of philanthropic‐supported conservation initiatives increases, so too will the frequency of exits—the ending of funding relationships. A trend toward "strategic philanthropy," where foundations fund time‐limited grants, is already contributing to near‐constant exits. We draw attention to exits as a critical and ubiquitous—yet understudied—part of conservation grantmaking processes that can have tremendous impacts on the people and places foundations invest in. This paper begins to address this research gap with the first empirical study of exit processes in the context of ocean conservation philanthropy. We draw on an analysis of interviews and a knowledge co‐production workshop with donors representing 36 foundations investing in ocean conservation globally to: (1) develop a conceptual framework that broadens and clarifies definitions of exits and provides a common language to characterize exits along varied dimensions, and (2) derive best practices for exiting responsibly. This paper provides timely guidance for environmental philanthropy broadly, including the need to think about exits early and often as an integral part of the grantmaking strategy. Responsible giving must include responsible exits. [ABSTRACT FROM AUTHOR]

Environmental governance scholars have overlooked philanthropic foundations as influential non‐state actors. This omission, along with the continued growth in funding from private foundations for conservation issues, presents important questions about what foundations do in governance spaces. To address this gap, we examine The David and Lucile Packard Foundation's involvement in Fiji and Palau in the context of the Foundation's "Western Pacific Program"—a series of coastal and marine‐related investments made from 1998 to 2020. We describe and analyze six governance roles that the Packard Foundation contributed to: funding, influencing agendas, capacity‐building, convening and coordinating, facilitating knowledge, and rule‐making and regulation. In documenting the Packard Foundation's governance roles, we provide scholars and practitioners a conceptual framework to more systematically and strategically think about foundations as more than funders. This research helps move the conversation around conservation philanthropy beyond binary conceptions of "good" versus "bad," and, instead, toward deeper considerations about what foundations currently do within governance systems, how they engage with diverse practitioners, as well as what they can and should do to advance conservation goals. [ABSTRACT FROM AUTHOR]

Secure property rights are often seen as a precondition of incentives for long‐term sustainable use by communities dependent on natural resources. Securing formal property rights can be challenging in coastal small‐scale fisheries, which often operate under open access conditions. We argue that insecure, informal rights can offer one pathway for property‐rights regime change, and may also provide greater flexibility for developing sustainable fishing practices compatible with climate change adaptation, among other policy‐relevant outcomes. The process of establishing short‐term but renewable area‐based conservation tools, such as the Fish Refuges of Baja California Sur, Mexico, offers the opportunity to examine how community‐based strategies can generate incentives for conservation despite the lack of secure property rights. Using in‐depth qualitative methods, socioeconomic surveys, and ecological data from 2009 to 2019, we studied the process of engagement among fishers, civil society, and government. We focused on understanding the emerging transition from a scenario of open access and limited withdrawal property rights, toward locals' attaining of insecure defacto management and exclusion property rights and longer‐term visions of resource use and conservation. Altogether, this case illustrates the potential and limitations of Fish Refuges as an area‐based fisheries and conservation tool. [ABSTRACT FROM AUTHOR]