The Resource Foundation, a New York City-based nonprofit organization that facilitates charitable giving in the Americas and the Caribbean, has announced a $1 million grant from the Tiffany & Co. Foundation to rehabilitate Chapultepec Park in Mexico City.

The gift will enable the Fideicomiso Probosque de Chapultepec (Chapultepec Forest Trust) to continue restoring the 686-hectare urban park, the largest and oldest park in the Americas, including the restoration of Xochipilli Fountain, a city landmark and symbol of Mexico's pre-Columbian heritage, as well as the Composer's Passage, a main pedestrian thoroughfare. The project is expected to benefit more than 4.5 million park visitors annually.

"This exciting new initiative embodies TRF's mission to enhance the quality of life of people in Latin America and the Caribbean," said TRF executive director Marcela Lopez-Macedonio. "We’re confident that it will engender significant impacts in environmental sustainability, cultural preservation, and social inclusion, which are key aspects of sustainable development in the region."