The TerraMar Project

The TerraMar Project, in the United States, was a self-described environmental nonprofit organization with a focus on ocean protection founded in 2012 by Ghislaine Maxwell.[1][2] A separate ocean conservation charity, TerraMar (UK), was incorporated in 2013 by Maxwell in Salisbury, United Kingdom.[3] The TerraMar Project was incorporated in London and Delaware in 2012.[4] TerraMar (US) announced its closure on 12 July 2019, shortly after New York federal prosecutors arrested Maxwell's close associate, the financier and convicted sex offender Jeffrey Epstein, on new charges of sex trafficking.[5][6] However, Maxwell's company TerraMar (UK) continued to exist with her listed as a director until it was officially dissolved on 3 December 2019.[3]

The TerraMar Project
  • The TerraMar Project
  • TerraMar (UK)
The TerraMar Project logo
MottoSea Hope. Sea Change. Sea Future.
FormationSeptember 2012 (2012-09)
ExtinctionDecember 2019 (2019-12)
TypeEnvironmental
Legal status
  • non-profit organization
  • charity
PurposeProtection of oceans
Location
Region served
Global
Founder
Ghislaine Maxwell

History

The Board of Directors of the TerraMar Project included former Executive Director of the United Nations Office for Partnerships (UNOP) Amir Dossal – who handles $1 billion in the form of a grant from Ted Turner for charities, media executive Steven Haft, and Ariadne Calvo-Platero, daughter of the peer Lord Beaumont of Whitley, Maxwell’s best friend from Oxford.[6][4][7]

The TerraMar Project, United States

The TerraMar Project was founded on 26 September 2012 at the Blue Ocean Film Festival and Conservation Conference in Monterey, California, and focused on the 64% of the ocean that lies outside any single country's jurisdiction.[2] Their mission was to create a "global ocean community" based around the idea of shared ownership of the global commons, also known as the high seas or international waters.[2]

In 2014, on behalf of the TerraMar Project, Maxwell gave a lecture at the University of Texas at Dallas and later that year, a TED talk, about the importance of ocean conservation.[1] Maxwell also spoke at the United Nations as the founder of the TerraMar Project.[8] She accompanied Stuart Beck, a 2013 TerraMar board member, to two United Nations meetings to discuss the project.[9] Maxwell presented at the Arctic Circle Assembly in Reykjavík, Iceland in 2013.[10]

Scott Borgerson, listed on TerraMar's board of directors for 2013, appeared with Maxwell at the Arctic Circle conference.[10] In June 2014, Maxwell and Borgerson spoke at an event in Washington, DC sponsored by the Council on Foreign Relations, titled “Governing the Ocean Commons: Growing Challenges, New Approaches”.[11][10]

Tax documents for US organization the TerraMar Project consistently list Ghislaine Maxwell as the organization's President. The TerraMar Project's address was in New York City for 990 tax filings from 2012 through 2015, with later filings showing a Woburn, Massachusetts address for 2016 and 2017.[12] The New York Times reported that TerraMar gave out no money in grants between 2012 and 2017 and that it was described as having unusually high accounting and legal fees for an organization of its size.[10]

Questions were also raised about what TerraMar entailed beyond the high profile appearance by Maxwell at the United Nations and on the TED stage.[11] In 2017, an executive at a maritime firm made multiple requests for project funding to Terramar's development director Brian Yuratsis that were ultimately denied despite Yuratsis professing interest in having TerraMar sponsor the project.[11][13][14] The maritime executive who made the requests stated that “My impression was that TerraMar as a whole was pretty hollow”, and that “It seemed like Brian was the entire organization.”[11]

On the organization's IRS annual return, the organization reported that it owed $560,650 to Ghislane Maxwell, it owed $1,341 of credit card debt, and it had $10,252 of cash, as of 31 December 2018.[15] During 2018, the organization had spent $5,365 for professional fees, $9,380 for website development, $11,157 for advertising, and $270 of bank fees, but it spent nothing toward program services.[15]

Following the arrest of Jeffrey Epstein on 6 July 2019, the TerraMar Project announced its closure six days later on 12 July 2019 via Twitter and a statement on the TerraMar Project's website.[8]

TerraMar (UK)

TerraMar (UK) was a separate private limited company in the United Kingdom, run by Maxwell with a similar mission to the TerraMar Project.[3] It was incorporated in August 2013 in England and Wales and remained active, with a Salisbury address, until the company was listed as officially dissolved on 3 December 2019.[3] The objects of the charity TerraMar (UK) were listed as "the conservation, protection, and improvement of the environment" and in particular "the oceans, seas, coastlines and tidal areas" including "the conservation and protection of endangered marine flora and fauna, and the education of the public in the fields of marine conservation, marine ecology and related areas".[3] TerraMar (UK) was reported by The Times to have joined the "secretive Telegram messenger app service" on 10 August 2019, the date that Epstein died in prison.[16] The application for the UK organization to be officially closed was made on 4 September 2019, with the first notice in The London Gazette made on 17 September 2019.[17]

Founder charged

TerraMar's founder, Ghislaine Maxwell, was arrested in July 2020 and charged with six counts related to the sexual abuse and trafficking of minors and lying to investigators.[18]

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See also

References
  1. Cain, Áine (July 18, 2019). "Ghislaine Maxwell abruptly torpedoed her oceanic non-profit in the wake of the scandal surrounding her associate Jeffrey Epstein". Business Insider. Retrieved July 18, 2019.
  2. Platt, John. "TerraMar Project launches to celebrate and protect the world's oceans". Mother Nature Network. Retrieved 4 April 2014.
  3. "TERRAMAR (UK) - Overview (free company information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2019-08-13.
  4. Isabel Vincent (July 28, 2019). "Feds probe socialite's mysterious ocean 'charity' over links to Jeffrey Epstein". Retrieved August 5, 2020.
  5. "Official Twitter announcement of closure". Retrieved 13 July 2019.
  6. Twohey, Megan; Bernstein, Jacob (2019-07-15). "The 'Lady of the House' Who Was Long Entangled With Jeffrey Epstein". The New York Times. Retrieved 2019-07-16.
  7. "About - TerraMar Project". 2019-04-25. Archived from the original on 2019-04-25. Retrieved 2019-08-15.
  8. Schneier, Matthew (July 15, 2019). "The Socialite on Epstein's Arm". New York Magazine. Retrieved July 28, 2019.
  9. Schreckinger, Ben; Lippman, Daniel (21 July 2019). "Meet the woman who ties Jeffrey Epstein to Trump and the Clintons". Politico. Retrieved 21 July 2019.
  10. Bernstein, Jacob (August 14, 2019). "Whatever Happened to Ghislaine Maxwell's Plan to Save the Oceans?". The New York Times. Retrieved August 23, 2019.
  11. Schneier, Mathew (August 19, 2019). "Ghislaine Maxwell's Great Escape Didn't Get Her Far". New York Magazine. Retrieved August 23, 2019.
  12. "TerraMar Project Inc., Nonprofit Explorer, Research Tax-Exempt Organizations". ProPublica. 2019. Retrieved August 23, 2019.
  13. Valente, Jenna (December 13, 2018). "Sea Change: Brian Yurasits of the TerraMar Project". Coastal News Today. Retrieved July 17, 2020.
  14. "Under The Spotlight: Brian Yurasits". Conservation Guide. January 11, 2019. Retrieved July 17, 2020.
  15. "990-EZ: Short Form Return of Organization Exempt From Income Tax". Terramar Project Inc. Internal Revenue Service. December 31, 2018.
  16. Kennedy, Dominic (August 14, 2019). "Ghislaine Maxwell's marine charity faces scrutiny after closure". The Times. Retrieved August 28, 2019.
  17. "TERRAMAR (UK) Filing History". Companies House. Retrieved December 9, 2019.
  18. Hallemann, Caroline (2020-07-10). "Ghislaine Maxwell's Bail Hearing Will Take Place Next Week". Town & Country. Retrieved 2020-07-12.
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