An endangered parrot endemic to Norfolk Island's future has been safeguarded after a crowdfunding campaign to create an "insurance colony" exceeded its target.

More than $86,000 was raised from 699 supporters to transport a group of Norfolk Island green parrot fledglings to nearby predator-free Phillip Island.

Conservationists have raised enough money to start an "insurance colony" of Norfolk Island green parrots. Credit:Betty Matthews

The $77,000 target was reached with almost a week to spare.

Operation Green Parrot was the most recent in a series of measures Islanders and mainland supporters took to ensure the survival of the species, which was driven to near-extinction by the early 1980s due to introduced rats, cats and other birds on Norfolk.