2020-09-09T08:54:46-05:00 2019-12-31 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2019-01-01 521388917 THE CONSERVATION FUND A NONPROFIT CORPORATION CONS 7035256300 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 222093199 JOHN GILBERT EVP & CFO 7035256300 2020-09-08 1 YONG ZHANG CPA P01249785 7033366400 96.241.128.75 2020-09-08 21:42:29 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5BB3B986E96693C9FA12ABDB8E5DE88F5CFF60A5 2019 2020-11-19 02:30:22Z LAWRENCE A SELZER 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 222093199 221481591 0 X WWW.CONSERVATIONFUND.ORG X 1985 MD THE CONSERVATION FUND , WORKING WITH PUBLIC , PRIVATE AND NONPROFIT PARTNERS , PROTECTS AMERICA'S LEGACY OF LAND AND WATER RESOURCES THROUGH LAND ACQUISITION , SUSTAINABLE COMMUNITY AND ECONOMIC DEVELOPMENT , AND LEADERSHIP TRAINING , EMPHASIZING THE INTEGRATION OF ECONOMIC AND ENVIRONMENTAL GOALS. 19 19 220 22 0 0 85774067 56756417 121211403 161613592 2742319 2799793 13993 311789 209741782 221481591 12947120 28542174 0 0 24183510 25915857 0 0 3596262 157730093 164083645 194860723 218541676 14881059 2939915 787856621 939058111 345018668 491607078 442837953 447451033 X THE CONSERVATION FUND, WORKING WITH PUBLIC, PRIVATE AND NONPROFIT PARTNERS, PROTECTS AMERICA'S LEGACY OF LAND AND WATER RESOURCES THROUGH LAND ACQUISITION, SUSTAINABLE COMMUNITY AND ECONOMIC DEVELOPMENT, AND LEADERSHIP TRAINING, EMPHASIZING THE INTEGRATION OF ECONOMIC AND ENVIRONMENTAL GOALS. 0 0 188039417 17432056 140183728 CONSERVATION REAL ESTATE:CONSERVATION ACQUISITION. SINCE ITS FOUNDING IN 1985, THE FUND HAS CONSERVED MORE THAN EIGHT MILLION ACRES ACROSS ALL 50 STATES WITH A TOTAL APPRAISED VALUE OF MORE THAN $7 BILLION, IN OVER 3,400 SEPARATE TRANSACTIONS. CONSERVATION ACQUISITION IS THE FUND'S PRIMARY BUSINESS UNIT FOR IMPLEMENTING THE FUND'S STRATEGY OF BUYING LAND AND INTERESTS IN LAND FOR CONSERVATION. THIS BUSINESS UNIT ACQUIRES LAND AND INTERESTS IN LAND ON BEHALF OF GOVERNMENT AGENCIES AT THE FEDERAL, STATE AND LOCAL LEVELS. IT ALSO PROVIDES FINANCIAL AND TECHNICAL ASSISTANCE TO GOVERNMENT AGENCIES AND TO OTHER CONSERVATION ORGANIZATIONS TO ACQUIRE CONSERVATION PROPERTIES ON THEIR OWN BEHALF. THE FUND DOES NOT GENERALLY SERVE AS THE PERMANENT CONSERVATION STEWARD OF THE PROPERTIES IT ACQUIRES. INSTEAD, THE FUND ACQUIRES PROPERTIES DEEMED PRIORITIES BY THE FUND'S PARTNERS, HOLDS THOSE PROPERTIES FOR INTERIM PERIODS TO ALLOW THE PARTNERS TIME TO SECURE PERMANENT FUNDING FOR THE ACQUISITIONS, AND THEN SELLS THE PROPERTIES (IN WHOLE OR IN PART) TO THE PARTNERS SEEKING ASSISTANCE.THE FUND USES ITS OWN CAPITAL FOR REAL PROPERTY ACQUISITIONS AS WELL AS PHILANTHROPIC DONATIONS, PROGRAM-RELATED INVESTMENTS, AND GOVERNMENT GRANTS. THE FUND'S CAPITAL USED FOR ACQUISITIONS LARGELY CONSISTS OF FUNDS FROM ITS "REVOLVING FUND," WHICH IS MADE UP OF CHARITABLE GIFTS, GIFTS OF SURPLUS CORPORATE REAL ESTATE THAT THE FUND HAS SOLD FOR CASH, AND ACCUMULATED GAIN ON AND CAPITAL RETURNED FROM PAST REAL ESTATE TRANSACTIONS. SOURCES OF FUNDING FOR DISPOSITIONS TO PARTNERS INCLUDE FEDERAL, STATE AND LOCAL GOVERNMENT FUNDING PROGRAMS AND PHILANTHROPIC FUNDS FROM FOUNDATIONS AND PRIVATE INDIVIDUALS. ONCE A PROPERTY HAS BEEN TRANSFERRED TO THE LONG-TERM HOLDER AND IF THE FUND IS ABLE TO RECOUP ITS INVESTMENT, CAPITAL IS RETURNED TO THE REVOLVING FUND FOR USE IN OTHER REAL ESTATE TRANSACTIONS, THUS "REVOLVING" THESE FUNDS.WORKING FOREST FUND. THE FUND BELIEVES THE LOSS OF WORKING FORESTS IS THE SINGLE GREATEST LAND CONSERVATION CHALLENGE IN THE U.S. TODAY AND A CRITICAL ASPECT OF THE COUNTRY'S ABILITY TO MITIGATE CLIMATE CHANGE AND SUPPORT AT-RISK RURAL ECONOMIES. AS OF DECEMBER 31, 2019, THE FUND HAS PROTECTED APPROXIMATELY 660,000 ACRES OF CRITICAL FORESTS IN THE U.S., SECURING 154 MILLION METRIC TONS ON CARBON DIOXIDE EQUIVALENT (MTCO2E).THE WORKING FOREST FUND BUSINESS UNIT IS COMMITTED TO CONSERVING THE LAST OF THE LARGE INTACT FORESTS IN THE U.S. SO THEY REMAIN SUSTAINABLY MANAGED FORESTS, PROVIDING GOOD LOCAL JOBS, AS WELL AS CLEAN WATER, CLEAN AIR, HABITAT FOR WILDLIFE AND OUTDOOR RECREATION, AND CRITICAL CARBON SEQUESTRATION CAPACITY TO HELP ADDRESS CLIMATE CHANGE. LIKE THE FUND'S OTHER REAL ESTATE ACTIVITIES, THE WORKING FOREST FUND SEEKS TO BE AN INTERIM OWNER OF THESE FOREST ASSETS TO FACILITATE PERMANENT PROTECTION THROUGH THE IMPLEMENTATION AND SALE OF CONSERVATION EASEMENTS AND DIRECT SALES OF THE PROPERTIES TO PUBLIC AGENCIES. THE WORKING FOREST FUND'S FOCUS IS ON LARGE, NATURAL FORESTS WITH THE HIGHEST CONSERVATION VALUE AND OFTEN THE HIGHEST RISK OF FRAGMENTATION WHEN SOLD ON THE OPEN MARKET.BY 2060, THE U.S. COULD LOSE UP TO 37 MILLION ACRES OF PRIVATELY HELD FORESTS TO FRAGMENTATION OR CONVERSION TO NON-FOREST USES. TO MEET PROFIT MAXIMIZATION MANDATES WITHIN 10- TO 15-YEAR FUND LIFECYCLES, THE INVESTOR OWNERS OF TIMBER PROPERTIES FREQUENTLY OVER-HARVEST, BREAK UP LARGE FOREST PARCELS, AND CONVERT FORESTS TO DEVELOPMENT. THE WORKING FOREST FUND SEEKS TO DISRUPT THIS PATHWAY OF FOREST LOSS WHILE PRESERVING THE PRODUCTIVE VALUE OF THESE WORKING ASSETS AND SECURING THE MULTIPLE SOCIETAL BENEFITS WORKING FORESTS GENERATE. THE WORKING FOREST FUND HAS DEVELOPED A SUCCESSFUL MODEL TO ACQUIRE, SUSTAINABLY MANAGE, AND PERMANENTLY PROTECT HIGH CONSERVATION VALUE TIMBERLAND. AS OF DECEMBER 31, 2019, $542.9 MILLION IN CAPITAL HAS BEEN DEPLOYED IN 38 PROJECTS TO PROTECT APPROXIMATELY 723,000 ACRES OF U.S. TIMBERLAND. THE WORKING FOREST FUND HAS FULLY EXITED 13 PROJECTS, ACHIEVING PERMANENT PROTECTION OF THE PROPERTIES AND GENERATING A POSITIVE RETURN ON THE FUND'S INVESTMENT. THE REMAINING PROJECTS ARE BEING SUSTAINABLY MANAGED BY THE FUND OR ITS PARTNERS AND ARE AWAITING PERMANENT PROTECTION THROUGH CONSERVATION EASEMENTS OR TRANSFERS TO PUBLIC AGENCIES OR OTHER CONSERVATION PARTNERS.CONSERVATION LOANS. THE CONSERVATION LOANS BUSINESS UNIT PROVIDES BRIDGE FINANCING AND TECHNICAL ASSISTANCE TO LAND TRUSTS AND OTHER ORGANIZATIONS TO PROTECT CRITICAL NATURAL RESOURCES IN THEIR COMMUNITIES. WORKING CLOSELY WITH CONSERVATION ACQUISITION FIELD STAFF, THIS BUSINESS UNIT ADDRESSES AN UNMET NEED FOR BRIDGE FINANCING AND PROVIDES THE FUND WITH AN ALTERNATIVE MECHANISM FOR THE FUND TO ACHIEVE CONSERVATION OUTCOMES THROUGH ASSISTANCE TO OTHER ORGANIZATIONS IN LIEU OF IMPLEMENTING LAND TRANSACTIONS DIRECTLY.AS OF DECEMBER 31, 2019, CONSERVATION LOANS HAVE ASSISTED WITH THE CONSERVATION OF 158,000 ACRES THROUGH 385 LOANS IN 40 STATES. THE FUND'S PORTFOLIO OF LOANS MADE BY THIS BUSINESS UNIT HAD A PRINCIPAL VALUE OF $17.7 MILLION AS OF DECEMBER 31, 2019.MITIGATION SOLUTIONS. IN PARTNERSHIP WITH DEVELOPERS AND REGULATORY AGENCIES, THE FUND COMPLETES CONSERVATION ACQUISITIONS AND OTHER PROJECTS TO OFFSET THE IMPACTS ON NATURAL RESOURCES FROM CONSTRUCTION AND OPERATION OF ENERGY AND INFRASTRUCTURE PROJECTS AND PROVIDES ADVICE ON MITIGATION STRATEGIES BEFORE AND DURING INFRASTRUCTURE PROJECT DEVELOPMENT. THE MITIGATION SOLUTIONS BUSINESS UNIT HELPS DEVELOPERS MEET REGULATIONS AND OFFSET CONSTRUCTION OR OPERATIONAL IMPACTS TO SENSITIVE RESOURCES. THE FUND DOES NOT ADVOCATE ON BEHALF OF INFRASTRUCTURE PROJECTS BUT SERVES AS A BRIDGE BETWEEN PROJECT DEVELOPERS AND REGULATORY AGENCIES TO HELP DEVELOP AND THEN IMPLEMENT MITIGATION PLANS. TO COVER CORE OPERATING EXPENSES, THE FUND RECEIVES AN ADMINISTRATIVE FEE FOR THE FUND'S MITIGATION SERVICES. THE FUND PROVIDES MITIGATION SOLUTIONS FOR THE OFTEN-UNAVOIDABLE IMPACTS OF INFRASTRUCTURE PROJECTS ON THE FOLLOWING RESOURCES: ENDANGERED SPECIES; MIGRATORY BIRDS; BALD AND GOLDEN EAGLES; AQUATIC RESOURCES; VISUAL AND CULTURAL RESOURCES; AND STATE AND FEDERAL LANDS. MITIGATION SERVICES HAVE BEEN PROVIDED FOR ALL SEVEN SECTORS OF MAJOR ENERGY AND INFRASTRUCTURE DEVELOPMENT: OIL AND GAS (UPSTREAM AND DOWNSTREAM), ELECTRIC TRANSMISSION, WIND, SOLAR, HYDROPOWER, AND TRANSPORTATION.THE FUND'S MITIGATION ACTIVITIES PROVIDE PRIVATE CAPITAL TO ENABLE ITS CONSERVATION PARTNERS TO ACHIEVE THEIR PRIORITIES. THIS CAPITAL HAS LARGELY BEEN USED AS FUNDING FOR THE FUND'S CONSERVATION ACQUISITION ACTIVITY BUT ALSO HAS BEEN USED ON OCCASION FOR THE FUND'S WORKING FOREST FUND ACTIVITY. SINCE THE FUND BEGAN PROVIDING MITIGATION SERVICES IN 1998, NEARLY $250 MILLION HAS BEEN TRANSFERRED TO THE FUND TO USE OVER VARYING TIME PERIODS TO ACQUIRE LAND AND INTERESTS IN LAND, TO COMPLETE RESTORATION AND/OR TO TAKE OTHER ACTIONS TO MITIGATE FOR IMPACTS TO RESOURCES; OVER HALF OF THIS AMOUNT WAS SPENT AS OF DECEMBER 31, 2019 ON MITIGATION PROJECTS. ADDITIONALLY, MORE THAN 285,000 ACRES HAVE BEEN PROTECTED IN 30 STATES USING MITIGATION FUNDING. 21649314 11110118 21378833 OTHER CONSERVATION SERVICES:CONSERVATION SERVICES. CONSERVATION SERVICES COMPRISES A GROUP OF PROGRAMS DEDICATED TO ADVANCING THE DUAL MISSION OF THE FUND BY BUILDING NETWORKS OF SUPPORT FOR CONSERVATION. THESE GRANT-FUNDED AND FEE-FOR-SERVICE PROGRAMS FOCUS ON IMPACT AREAS SUCH AS SUSTAINABLE FOOD SYSTEM IMPLEMENTATION, ACCESS TO LAND FOR DISADVANTAGED POPULATIONS, URBAN CONSERVATION, RURAL ECONOMIC DEVELOPMENT, WATER QUALITY/SUPPLY PROTECTION AND ENHANCEMENT, AQUACULTURE, AND CLIMATE CHANGE ADAPTATION. THIS BUSINESS UNIT INCLUDES:CONSERVATION LEADERSHIP NETWORK. THE CONSERVATION LEADERSHIP NETWORK ("CLN") IS A TEAM OF EXPERTS THAT BRINGS DIVERSE CONSTITUENCIES TOGETHER TO ACHIEVE COMMON GROUND TO FACILITATE RESULTS SUCH AS REVITALIZED DOWNTOWNS, COMPREHENSIVE TRANSPORTATION SOLUTIONS, SMALL BUSINESS DEVELOPMENT, RESOLUTION OF INFRASTRUCTURE CHALLENGES, MORE LIVABLE COMMUNITIES, AND SUPPORT FOR INNOVATIVE MARKETS FOR ENSURING WATER QUALITY. CLN DELIVERS THESE RESULTS THROUGH MULTI-DISCIPLINARY COURSE OFFERINGS, INNOVATIVE DEMONSTRATION PROJECTS, REGIONAL PROGRAMS, AND SUSTAINABILITY CONSULTING THAT SUPPORTS ON-THE-GROUND SOLUTIONS.FRESHWATER INSTITUTE. THE FRESHWATER INSTITUTE IS A RESEARCH AND DEVELOPMENT FACILITY DEDICATED TO SUSTAINABLE WATER USE AND REUSE. THIS PROGRAM COMBINES APPLIED RESEARCH, ENGINEERING AND ECONOMIC DEVELOPMENT SKILLS TO SHOW HOW FRESHWATER RESOURCES ACHIEVE ECONOMIC AND ENVIRONMENTAL GOALS. IT WORKS WITH GOVERNMENT, INDUSTRY, NONPROFITS AND INDIVIDUALS TO SHAPE SUSTAINABLE, ENVIRONMENTALLY RESPONSIBLE SOLUTIONS TO WATER RESOURCE MANAGEMENT, CREATING INNOVATIVE SOLUTIONS TO SUSTAINABLY PRODUCE SALMON AND OTHER COLD-WATER SPECIES. RESOURCEFUL COMMUNITIES. RESOURCEFUL COMMUNITIES INVOLVES WORK WITH GRASSROOT ORGANIZATIONS TO CREATE OPPORTUNITIES TO PRESERVE RURAL LANDSCAPES AND STRENGTHEN LOCAL ECONOMIES, PRIMARILY IN NORTH CAROLINA. EXAMPLES INCLUDE NETWORK BUILDING AND MANAGING GRANT PROGRAMS THAT SUPPORT ECO-TOURISM, YOUTH CONSERVATION PROGRAMS, FARMERS MARKETS AND CULTURAL HERITAGE PRESERVATION. RESOURCEFUL COMMUNITIES ALSO PROVIDES A RANGE OF TRAINING AND TECHNICAL ASSISTANCE TO ACHIEVE COMMUNITY GOALS.STRATEGIC CONSERVATION PLANNING. STRATEGIC CONSERVATION PLANNING BRINGS STRATEGIC CONSERVATION EXPERTISE TO COMMUNITIES, GOVERNMENT LEADERS, AND INDUSTRY ACROSS THE COUNTRY TO ACHIEVE THE MULTIPLE BENEFITS FROM INVESTING IN CLEAN AIR, CLEAN WATER, HABITAT, CLIMATE RESILIENCE AND ADAPTATION, AND COMMUNITY LIVABILITY. AREAS ON WHICH ADVICE IS PROVIDED INCLUDE URBAN SUSTAINABILITY, FOOD AND FARMLAND SECURITY, CLIMATE RESILIENCY, WATER RESOURCES AND STRATEGIC MITIGATION. 209688731 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 297 0 1 220 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CT DC FL GA HI IL KS KY MA MD ME MI MO NC ND NJ NH NV OH OK OR PA SC TN UT WA WI WV X X JOHN GILBERT 7035256300 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 222093199 MICHAEL LEONARD THRU 72419 CHAIR 2.00 X 0 0 0 JAY WINTHROP CO-VICE CHAIR 2.00 X 0 0 0 JAY F WAGLEY CO-VICE CHAIR 2.00 X 0 0 0 KAY K ARNOLD THRU 72419 DIRECTOR 2.00 X 0 0 0 JULIE G BARKER DIRECTOR 2.00 X 0 0 0 GREGORY A BEARD DIRECTOR 2.00 X 0 0 0 ROBERT BONNIE DIRECTOR 2.00 X 0 0 0 INGRID BURKE AS OF 72319 DIRECTOR 2.00 X 0 0 0 TODD J CARTER DIRECTOR 2.00 X 0 0 0 J STOREY CHARBONNET DIRECTOR 2.00 X 0 0 0 CHARLES A CHERINGTON DIRECTOR 2.00 X 0 0 0 KIMBERLEE R CORNETT DIRECTOR 2.00 X 0 0 0 LUIS DE LA GARZA DIRECTOR 2.00 X 0 0 0 DR STEPHEN A ELBERT DIRECTOR 2.00 X 0 0 0 PAUL E HAGEN DIRECTOR 2.00 X 0 0 0 G WILSON HUGHES DIRECTOR 2.00 X 0 0 0 DR JILL L LONG THOMPSON DIRECTOR 2.00 X 0 0 0 THRUSTON MORTON DIRECTOR 2.00 X 0 0 0 KEVYN D ORR STARTED 72319 DIRECTOR 2.00 X 0 0 0 C PORTER SCHUTT III DIRECTOR 2.00 X 0 0 0 DANIEL R TISHMAN DIRECTOR 2.00 X 0 0 0 JM WHITEHURST THRU 121119 DIRECTOR 2.00 X 0 0 0 LAWRENCE A SELZER CEO & PRESIDENT 37.50 X 584369 0 122048 PATRICK F NOONAN PRESIDENT EMERITUS 37.50 X 198056 0 48634 JOHN S GILBERT EVP & CFO 31.50 6.00 X 354109 0 66080 RICHARD ERDMANN SENIOR COUNSELOR 22.00 3.00 X 209436 0 85721 MONICA A GARRISON VP & TREASURER 37.50 X 190947 0 31608 MARGARET A MCCANTS BOARD SEC & CON ACQ DIRECTOR 37.50 X 137982 0 25679 DEAN H CANNON EVP & GENERAL COUNSEL 36.50 1.00 X 370050 0 54544 MATTHEW S SEXTON SVP CONSERVATION ACQUISTIO 37.50 X 258351 0 78349 MARK W ELSBREE SVP CONSERVATION ACQUISITI 37.50 X 250051 0 76975 BLAINE T PHILLIPS JR SVP CONSERVATION ACQUISTIO 37.50 X 248949 0 69456 EVAN H SMITH SVP CONSERVATION VENTURES 37.50 X 244794 0 51027 ROBERT D MURPHY SVP MARKETING & COMMUNICAT 37.50 X 259399 0 79582 JODI R O'DAY VP DEPUTY GENERAL COUNSEL 34.50 3.00 X 252823 0 75006 ERIK MEYERS VP CLIMATE AND WATER SUSTA 36.50 1.00 X 240877 0 53410 PAUL F HURT DEPUTY GENERAL COUNSEL & A 33.50 4.00 X 239726 0 84769 JOSEPH HANKINS VP & STATE DIRECTOR 36.50 1.00 X 225756 0 75459 4265675 0 1078347 81 0 1 0 RSM US LLP 1861 INTERNATIONAL DR STE 400 MCLEAN VA 22102 ACCOUNTING AUDIT AND TAX SERVICES 260976 ALLAN C BEEZLEY PC ATTY AND COUNS AT 1928 14TH STREET BOULDER CO 80302 OUTSIDE LEGAL COUNSEL FOR REAL ESTATE TR 215265 DOVETAIL CULTURAL RESOURCE GROUP 11905 BOWMAN DRIVE STE 502 FREDERICKSBURG VA 22408 ARCHAELOGICAL COLLECTIONS ASSESSMENT 185216 MARCUM LLP 1899 L STREET NW STE 850 WASHINGTON DC 20036 ACCOUNTING AUDIT AND TAX SERVICES 183694 GELBERT FULBRIGHT & RANDOLPH FORESTRY 5848 FARINGDON PLACE STE 200 RALEIGH NC 27609 FORESTRY SERVICES 147729 13 81696 10659099 46015622 3510575 56756417 CONS. LAND SALES 531390 118740626 118740626 MITIGATION REVENUE 531390 26321699 26321699 RESOURCES SALES 531390 7988399 7988399 CONTRACT FEES 531390 5479911 5479911 CONS. LOAN INCOME 531390 1355964 1355964 1726993 1726993 161613592 2795793 2795793 311789 311789 4000 0 4000 4000 4000 221481591 161613592 0 3111582 28542174 28542174 5464679 4457287 744674 262718 15266796 12542094 1477973 1246729 1208694 998633 111115 98946 2583027 1547743 573897 461387 1392661 1148704 140800 103157 277899 277148 447 304 587927 496320 85371 6236 281300 36313 241726 3261 84608 69805 8544 6259 52762 43872 5131 3759 9557363 7795611 1038780 722972 16471 10241 1256 4974 1189365 948672 128248 112445 334055 205801 63464 64790 3561796 3296836 153464 111496 1170221 964754 112090 93377 554505 457587 54824 42094 5022256 5022256 240910 198709 24357 17844 660993 562177 57032 41784 BV CONS. LAND 129210195 129210195 PROVISION FOR EASEMENT 4310619 4310619 ACQ & HOLDING 4306120 4237394 39665 29061 ACCEL NP DISC 1206176 1206176 1458104 1101610 193825 162669 218541676 209688731 5256683 3596262 129892354 220491893 1476258 3186059 6379207 7497787 194496 2129080 4998253 2698824 2502206 2299429 70625475 63185930 56477165 33365484 520309460 606902449 787856621 939058111 7640094 10180033 159506103 159605356 43567572 7191000 80831700 255825630 53473199 58805059 345018668 491607078 X 197282660 203914327 245555293 243536706 442837953 447451033 787856621 939058111 X 2939915 1385835 304702 -17372 X 0 1 X 1 1 1 X 124075769 96181366 125150650 85774067 56756417 487938269 124075769 96181366 125150650 85774067 56756417 487938269 29839322 458098947 395197 714555 1439243 2756312 3158613 8463920 496402189 600984354 0.92280 0.90650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 84608 84608 218492431 218577039 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 361966 400434 471895 84608 1318903 250000 250000 250000 250000 1000000 1500000 22500 23600 8862 54962 X X X X 23 49112.00 2 9 1 58.00 12733 1322327 280730 7336 1595721 1424000 -101673 1322327 1222197 201803 1424000 1132000 90197 1222197 1146000 -14000 1132000 1.00000 0 0 2968686 1292212 1676474 819179 306396 512783 1017018 966077 50941 193370 134139 59231 2299429 CONSERVATION LAND & EASEMENTS 605828912 INVESTMENTS IN PARTNERSHIP 645127 CHARITABLE GIFT ANNUITY 316064 DUE FROM SCI 112346 606902449 DEFERRED RENT 1096489 DEPOSITS BY OTHERS 15215710 LAND HELD FOR OTHERS 42492860 58805059 X 224928000 1385835 639985 1420589 3446409 221481591 0 221481591 219499000 639985 317339 957324 218541676 0 218541676 PART II, LINE 3: THE CONSERVATION FUND TRANSFERRED TWO CONSERVATION EASEMENTS TO QUALIFIED ORGANIZATIONS UNDER SECTION 170 (H) OF THE INTERNAL REVENUE CODE: 1. ON FEBRUARY 14, 2019, THE FUND ASSIGNED A CONSERVATION EASEMENT BURDENING 2,280 ACRES IN SUBLETTE COUNTY, WYOMING TO THE WYOMING STOCK GROWERS AGRICULTURAL LAND TRUST. THE FUND HAD PURCHASED THE CONSERVATION EASEMENT ON APRIL 13, 2018. 2. ON DECEMBER 19, 2019, THE FUND ASSIGNED A CONSERVATION EASEMENT BURDENING 19,054 ACRES IN TRINITY AND HOUSTON COUNTIES, TEXAS TO THE TEXAS LAND CONSERVANCY. THE FUND HAD RECEIVED THE CONSERVATION EASEMENT ON DECEMBER 1, 2011. PART II, LINE 5: THE CONSERVATION FUND HAS A DESIGNATED STAFF PERSON WHO SERVES AS THE ORGANIZATION'S CONSERVATION EASEMENT STEWARDSHIP COORDINATOR. THIS PERSON SERVES AS A RESOURCE TO PROJECT MANAGERS ON ISSUES RELATED TO CONSERVATION EASEMENTS, INCLUDING (BUT NOT LIMITED TO) ANNUAL MONITORING PROCEDURES, HANDLING OF CONSERVATION EASEMENT VIOLATIONS AND ENFORCEMENT OF EASEMENT TERMS. THE CONSERVATION FUND HAS WRITTEN CONSERVATION EASEMENT MONITORING PROCEDURES. PROJECT MANAGERS MUST MONITOR EACH CONSERVATION EASEMENT HELD BY THE FUND ON AN ANNUAL BASIS TO ENSURE COMPLIANCE WITH EASEMENT TERMS. MONITORING INVOLVES AN ANNUAL ON-THE-GROUND VISIT, UNLESS THE PROPERTY SATISFIES WRITTEN CRITERIA ALLOWING AERIAL MONITORING. PROJECT MANAGERS MUST PREPARE AND MAINTAIN WRITTEN AND PHOTOGRAPHIC DOCUMENTATION OF ANNUAL MONITORING VISITS, AND THESE MATERIALS ARE RETAINED IN THE FUND'S REAL ESTATE DATABASE. THE FUND ALSO HAS ADOPTED A WRITTEN CONSERVATION EASEMENT VIOLATION PROCEDURE. PURSUANT TO THIS PROCEDURE, PROJECT MANAGERS MUST IMMEDIATELY NOTIFY THE STEWARDSHIP COORDINATOR AND THE LEGAL DEPARTMENT OF ANY PERCEIVED, THREATENED OR ACTUAL VIOLATION UNDER A CONSERVATION EASEMENT. THE PROCEDURE INCLUDES A PROCESS FOR THIS GROUP TO DEVELOP A STRATEGY FOR ADDRESSING THE ALLEGED VIOLATION, OBTAINING ORGANIZATIONAL APPROVALS FOR THAT STRATEGY, AND THEN IMPLEMENTING THE STRATEGY. THE RESPONSE TO A VIOLATION IS TAILORED TO THE SCOPE AND MAGNITUDE OF THE VIOLATION ITSELF, AND OFTEN INVOLVES DISCUSSIONS WITH THE LANDOWNER TO RESOLVE THE VIOLATION INFORMALLY. IF THE VIOLATION CANNOT BE RESOLVED THROUGH NEGOTIATIONS, LEGAL ACTION WILL BE CONSIDERED AND COMMENCED AS NEEDED. THE STEWARDSHIP COORDINATOR HAS RESPONSIBILITY FOR MAINTAINING RECORDS OF ALL VIOLATIONS OCCURRING ON CONSERVATION EASEMENTS HELD BY THE FUND AND THE FUND'S RESPONSE. PART II, LINE 9: GIFTS OF CONSERVATION EASEMENTS ARE RECOGNIZED AS REVENUE AND PROGRAM EXPENSES IN EQUAL AMOUNTS UPON ACQUISITION BASED ON THE ESTIMATED FAIR MARKET VALUE OF THE EASEMENT AT THE DATE OF THE DONATION OF THE EASEMENT. PURCHASED EASEMENTS ARE RECOGNIZED AS A PROGRAM EXPENSE UPON ACQUISITION BASED ON THE ACQUISITION COST OF THE EASEMENT. THE ESTIMATED VALUE OF THE EASEMENTS IS NOT REPORTED ON THE COMBINED STATEMENT OF FINANCIAL POSITION. THE ORGANIZATION BELIEVES THAT CONSERVATION EASEMENTS PLAY AN IMPORTANT ROLE IN ENABLING THE ORGANIZATION TO ACHIEVE ITS CHARITABLE PURPOSE OF LAND AND WATER CONSERVATION THROUGH THE PRESERVATION OF THE NATURAL VALUES OF LAND. PART V, LINE 4: IN 2012, THE FUND ESTABLISHED A BOARD DESIGNATED "EASEMENT STEWARDSHIP AND DEFENSE FUND" TO COVER COSTS ASSOCIATED WITH THE STEWARDSHIP, ENFORCEMENT AND DEFENSE OF CONSERVATION EASEMENTS HELD BY THE FUND. OVER TIME THE CORPUS OF THIS DEDICATED FUND GREW, AND THE FUNCTION OF THIS FUND EXPANDED TO COVER COSTS RELATED TO THE LEGAL DEFENSE OF FEE HOLDINGS, INCLUDING TITLE AND BOUNDARY DISPUTES, UNAUTHORIZED USE AND TRESPASS CLAIMS, AND COSTS FOR DEFENSE AGAINST THIRD PARTY AND LEGAL LIABILITY CLAIMS. RENAMED THE "STEWARDSHIP AND DEFENSE FUND," THESE DEDICATED DOLLARS NOW COVER STEWARDSHIP COSTS FOR THE FUND'S CONSERVATION EASEMENTS, AND LEGAL DEFENSE AND ENFORCEMENT COSTS ARISING FROM THE FUND'S EASEMENT AND FEE HOLDINGS. PART X, LINE 2: MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCI INCLUDED IN CONSOLIDATED FS 1,468,684. ROUNDING TO NEAREST THOUSAND IN FINANCIALS -48,095. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCI INCLUDED IN CONSOLIDATED FS 652,858. ROUNDING TO NEAREST THOUSAND IN FINANCIALS -48,189. PPA ADJUSTMENTS -304,702. CHANGE IN SPLIT INTEREST 17,372. 1 A STEP FORWARD 1332 EAST ACARDIA ROAD RIEGELWOOD NC 28456 270234505 501C3 8000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT A TIME FOR SCIENCE 949 CONTENTNEA LANE GRIFTON NC 27858 452872683 501C3 7400 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ADDIE'S CHAPEL UNITED PO BOX 914 MARION NC 28752 501393798 501C3 12500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT AHOSKIE UNITED METHODIST 77 VILCOM CENTER DRIVE SUITE 340 CHAPEL HILL NC 27514 560890271 501C3 14000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ALABAMA FORESTRY COMMISSION 513 MADISON AVENUE MONTGOMERY AL 36104 630756161 GOVERNMENT UNIT 7350 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ALAMANCE COUNTY RECREATION 3916 R DEAN COLE MAN ROAD BURLINGTON NC 27215 566000271 GOVERNMENT UNIT 315000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT AMERICAN YOUTH AGRIPRENEUR ASSOCIATION PO BOX 68 BERWIND WV 24815 821274143 501C3 18000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ANTHRACITE OUTDOOR ADVENTURE AREA AUTHORITY PO BOX 279 SHAMOKIN PA 17872 501C3 72075 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT APPALACHIAN SUSTAINABLE AGRICULTURE PROJECT 564 INDIGO BUNTING LANE MARSHALL NC 287536430 061642769 501C3 8000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT BAY COUNTY 515 CENTER AVENUE BAY CITY MI 48708 GOVERNMENT UNIT 27000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT BLUE RIDGE WOMEN IN AGRICULTURE 171 GRAND BOULEVARD BOONE NC 28607 342011588 501C3 9500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT BURKE UNITED CHRISTIAN MINISTRIES 305- B WEST UNION MORGANTON NC 28655 591771449 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CAMDEN COUNTY OFFICE OF SUSTAINABILITY AND SHARED SERVICES 508 LAKELAND ROAD BLACKWOOD NJ 080120088 216000504 GOVERNMENT UNIT 7500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CELO UNITED METHODIST CHURCH 4281 STATE HWY 80 SOUTH BURNSVILLE SC 28714 561310516 501C3 11000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CENTER FOR HUMAN-EARTH RESTORATION 6814 FAYETTEVILLE RD RALEIGH NC 27603 454460204 501C3 6000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CENTRO UNIDO LATINO 79 ACADEMY STREET MARION NC 28752 562678411 501C3 13100 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CHIPPEWA NATURE CENTER 400 S BADOUR RD MIDLAND MI 486408661 381859315 501C3 24800 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CITY ROAD UNITED METHODIST CHURCH 511 N ROAD ST ELIZABETH CITY NC 27909 501C3 11150 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CLEAN WATER FUND 1444 I STREET NW SUITE 400 WASHINGTON DC 20005 521043444 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CLEVELAND METROPARKS-1064LEACH EXPRESS PROJECT REIMBURSEMENT 4101 FULTON PARKWAY CLEVELAND OH 44144 346000704 GOVERNMENT UNIT 14998 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT COHARIE INTRA-TRIBAL COUNCIL INC 7531 N US HWY 421 CLINTON NC 28328 561187928 501C3 7000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT COLONIAL WILLIAMSBURG FOUNDATION PO BOX 79788 BALTIMORE MD 21279 540505888 501C3 12148 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT COLUMBUS COUNTY COMMUNITY FARMER MARKET PO BOX 888 WHITEVILLE NC 28472 562116363 501C3 5050 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT COLUMBUS COUNTY DREA 403 SOUTH MLK AVENUE WHITEVILLE NC 28472 GOVERNMENT UNIT 12000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT COMMUNITY CONNECTION 261 WHITES PATH SUITE 1 SOUTH YARMOUTH MA 02664 042871024 501C3 7000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT COMMUNITY HOUSING COALITION OF MADISON COUNTY INC PO BOX 1166 MARSHALL NC 28753 113660564 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CONSERVATION FOUNDATION 10S404 KNOCH KNOLLS ROAD NAPERVILLE IL 60565 237221206 501C3 11733 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CRAB ORCHARD BAPTIST 1501 ROBERT C BYRD DRIVE CRAB ORCHARD WV 25827 232005193 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT DIVERSITY NURTURES 104 REVELLE RD WARSAW NC 28398 472573321 501C3 11545 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ECO ACTION 250 GEORGIA AVE SUITE 309 ATLANTA GA 30312 581854834 501C3 11000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT EKLUTNA INC 16515 CENTERFIELD DRIVE SUITE 201 EAGLE RIVER AK 99577 920166306 OTHER 25000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ELLERBE CREEK WATERS PO BOX 2679 DURHAM NC 27715 562123874 501C3 23000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT EPISCOPAL FARMWORKER MINISTRY 2989 EASY ST DUNN NC 28334 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT EVANGELISTIC CHURCH OF DELIVERANCE PO BOX 207 WELDON NC 278900207 566173552 501C3 12525 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT FARM CAFE 617 WEST KING STREET BOONE NC 28607 451272884 501C3 12000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT FIRST PRESBYTERIAN CHURCH 100 SILVER CREEK ROAD MORGANTON NC 28655 560623927 501C3 7470 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT FIRST UMC HICKORY 311 3RD AVE NE HICKORY NC 28601 412179327 501C3 7000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT FIVE VALLEY'S LAND TRUST INC 120 HICKORY STREET SUITE B MISSOULA MT 59801 237182055 501C3 20000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT FLINT RIVERKEEPER 102 PINE AVENUE ALBANY GA 31701 263179215 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT FOOTHILLS CONSERVANCY 204 AVERY AVENUE MORGANTON NC 28655 561947390 501C3 12000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT FREEDOMORG PO BOX 300 PINETOPS NC 27864 842315273 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT FRIENDS OF THE WILDLIFE CORRIDOR 3325 GREEN JAY ROAD ALAMO TX 78516 521388917 501C3 13000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT GINN FARMS PO BOX 3672 LAWRENCEBURG IN 47025 811122909 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT GOD'S HAND CULTURAL HOME INC 2694 GNERAL HOWE RD RIEGELWOOD NC 28423 271611719 501C3 8000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT GRAND PRAIRIE FRIENDS PO BOX 36 URBANA IL 61803 371159051 501C3 37520 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT GREATER BAYBROOK ALLIANCE 2717 ST PAUL STREET BALTIMORE MD 21218 825509289 501C3 141000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT GROWING CHANGE PO BOX 28 MAXTON NC 28364 463148758 501C3 8350 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT HEADWATERS TRAIL INC PO BOX 33 204 FRANKLIN STREET HOLLY MI 484420033 383404052 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT HEALTHY CHESAPEAKE 667 KINGSBOROUGH SQUARE CHESAPEAKE VA 23320 541735279 501C3 7500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT HEALTHY SCHOOLS CAMPAIGN 175 N FRANKLIN ST SUITE300 CHICAGO IL 60606 364308068 501C3 150000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT HEARTLAND CONSERVATION ALLIANCE 4750 TROOST KANSAS CITY MO 64112 352434953 501C3 43500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT HILL FAMILY FARM EDUCATION CENTER 9002 SPEIGHTS CHAPEL RD WHITAKERS NC 27891 830954465 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT INSTITUTE OF LANDSCAPE ART AND SUSTAINABLE SPACES 2224 SUNNYBROOK ROAD RALEIGH NC 27610 352355979 501C3 6000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT JAMES RIVER ASSOCIATION 211 ROCKETTS WAY SUITE 200 RICHMOND VA 23231 510211913 501C3 6222 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT JAMES RIVER INSTITUTE FOR ARCHAELOGY INC 223 MCLAWS CIRCLE WILLIAMSBURG VA 23185 541391265 501C3 12330 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT JAMESTOWN REDISCOVERY FOUNDATION 204 W FRANKLIN ST RICHMOND VA 23220 472945490 501C3 12500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT KANSAS LAND TRUST INC 16 EAST 13TH STREET LAWRENCE KS 660443502 481090912 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT LAGRANGE COUNTY DEPT OF PARKS AND RECREATION 505W 700 SOUTH WOLCOTTVILLE IN 46795 377902693 GOVERNMENT UNIT 38198 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT LANCASTER COUNTY CONSERVANCY 117 SOUTH WEST END AVENUE LANCASTER PA 17603 237046908 501C3 1575000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT LAND TRUST ALLIANCE PO BOX 33355 RALEIGH NC 276363355 042751357 501C3 12500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT LITTLE TRAVERSE CONSERVANCY INC 3264 POWELL RD HABOR SPRINGS MI 49740 237267810 501C3 34375 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT LITTLE WASHINGTON GROWING GROUP 916 MCDANIEL AVE GOLDSBORO NC 27530 811447342 501C3 6000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT MICHAEL'S ANGELS GIRL CLUB INC PO BOX 1475 TARBORO NC 27886 812998219 501C3 7750 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT MICHIGAN AUDUBON SOCIETY 2310 SCIENCE PARKWAY SUITE 200 OKEMOS MI 48864 381686621 501C3 24000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT MICHIGAN NATURE ASSOCIATION 2310 SCIENCE PARKWAY SUITE 100 OKEMOS MI 48864 386093404 501C3 25780 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT MINERAL SPRINGS IMPROVEMENT COUNCIL INC PO BOX 545 ELLERBE NC 28338 561769642 501C3 8600 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT MISSOURI DEPARTMENT OF CONSERVATION PO BOX 180 JEFFERSON CITY MO 65102 446000987 GOVERNMENT UNIT 285500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT MISSOURI PRAIRIE FOUNDATION PO BOX 200 COLUMBIA MO 65205 237120753 501C3 16000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT MURFREESBORO UMC 301 HIGH ST MURFREESBORO NC 27855 566085522 501C3 9900 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT NATIONAL PARK FOUNDATION 1110 VERMONT AVE NW SUITE 200 WASHINGTON DC 20005 521086761 501C3 129190 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT NATIONAL PARK SERVICE 400 SECOND AVENUE SOUTH MINNEAPOLIS MN 55401 GOVERNMENT UNIT 65000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT NATURAL LAND INSTITUTE 320 SOUTH 3RD STREET ROCKFORD IL 61104 362478025 501C3 27000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT NEW MEXICO LAND CONSERVANCY PO BOX 6759 SANT FE NM 87502 061648104 501C3 40000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT NORMAN UNITED METHODIST CHURCH GOD'S GARDEN 599 CLAYTON CARIKER ROAD ELLERBE NC 28338 561470682 501C3 14000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT NORTH CAROLINA ASSOCIATION OF COMMUNITY DEVELOPMENT CORP 110 FOUNTAIN PARK DRIVE BATTLEBORO NC 27809 581871946 501C3 6500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT NORTH CAROLINA STATE UNIVERSITY 2701 SULLIVAN DR RALEIGH NC 276957514 566000756 501C3 24970 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT OAI INC 180 N WABASH AVE CHICAGO IL 60601 364385280 501C3 25000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT OAK HILL UMC 2239 NC 181 MORGANTON NC 28655 561276220 501C3 12500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT PARK PRIDE ATLANTA PO BOX 4936 ATLANTA GA 30302 581883895 501C3 40750 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT PARK PRIDE INC PO BOX 4936 ATLANTA GA 30302 581883895 501C3 69725 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT PELETAH MINISTRIES PO BOX 14253 NEW BERN NC 28561 611662965 501C3 8100 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT PLYMOUTH STATE UNIVERSITY PLYMOUTH STATE UNIVERSITY PLYMOUTH NH 03264 026000937 501C3 24332 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT POGO PARK 2604 ROOSEVELT AVE RICHMOND CA 94804 320318691 501C3 105862 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT PORTLAND STATE UNIVERSITY 1600 SW AVE SUITE 730 PORTLAND OR 97201 930619733 501C3 14000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT PRAIRIE LAND CONSERVANCY 321 UNIVERSITY DRIVE MACOMB IL 61455 371206873 501C3 66678 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT PROJECT MOMENTUM INC 107 SE MAIN STREET SUITE 410 ROCKY MOUNT NC 27801 203733548 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT RED BAY STRONGHOLD FOUNDATION 811 N KENSINGTON LA GRANGE PARK IL 60526 651139780 501C3 6500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT RICHWOOD AREA CHAMBER OF COMMERCE 38 EDGEWOOD AVENUE RICHWOOD WV 26261 550493273 GOVERNMENT UNIT 7000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ROANOKE CHOWAN COMMUNITY HEALTH CENTER 120 HEALTH CENTER DRIVE AHOSKIE NC 27910 421638714 501C3 10850 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ROBBINSVILLE UNITED METHODIST CHURCH 249 WEST FORT HILL RD ROBINSVILLE NC 28733 560940986 501C3 9315 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ROCKY MOUNT PREP 3334 BISHOP ROAD ROCKY MOUNT NC 27804 311601003 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ROCKY MOUNTAIN ELK FOUNDATION 5705 GRANT CREEK MISSOULA MT 59808 810421425 501C3 50000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT RSU 84MSAD 14 EAST GRAND SCHOOL 31A HOULTON ROAD DANFORTH ME 04424 010285920 501C3 25000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT SALEM UNITED METHODIST CHURCH 4151 SALEM ROAD OXFORD NC 27565 300351517 501C3 13900 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT CONGAREE LAND TRUST 205 KING STREET RICHMOND VA 29401 501C3 381500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT SEEDS OF HOPE WILSON 906 VIOLA ST E WILSON NC 27893 472242182 501C3 10900 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT SHADY GROVE UNITED METHODIST CHURCH 1781 SHADY GROVE ROAD PROVIDENCE NC 27315 237449895 501C3 12500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT SHIRLEY HEINZE LAND TRUST 109 WEST 700 NORTH VALPARAISO IN 46385 352153969 501C3 57000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT SOUTH CAROLINA DEPARTMENT OF NATURAL RESOURCES REMBERT C DENNIS BUILDING 1000 ASSEMBLY STREET COLUMBIA SC 29201 GOVERNMENT UNIT 600000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT SOUTHWEST MICHIGAN LAND CONSERVANCY 8395 E MAIN ST GALESBURG MI 49053 383038708 501C3 30000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ST MATTHEWS UNITED METHODIST CHURCH 201 SHADY REST RD MORGANTON NC 28655 561393522 501C3 12500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT ST TIMOTHY'S UMC 1020 ASHEVILLE HIGHWAY BREVARD NC 28712 560890271 501C3 6800 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT STATE OF GEORGIA DEPARTMENT OF NATURAL RESOURCES 2 MARTIN LUTHER KING JR DRIVE SE SUITE 1252 ATLANTA GA 30334 GOVERNMENT UNIT 382067 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT STATE OF MARYLAND DEPARTMENT OF NATURAL RESOURCES 580 TAYLOR AVE ANNAPOLIS MD 21401 GOVERNMENT UNIT 225323 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT STATE OF TENNESSEE 312 ROSA L PARKS AVENUE NASHVILLE TN 37243 GOVERNMENT UNIT 907500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT TARBORO COMMUNITY OUTREACH INC 701 CEDAR LANE TARBORO NC 27886 561557200 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT THE FAIRFIELD FOUNDATION PO BOX 157 WHITE MARSH VA 23183 542032867 501C3 11600 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT THE MONTANA LAND RELIANCE 324 FULLER AVE PO BOX 355 HELENA MT 59624 810369262 501C3 150000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT THE NATURE CONSERVANCY 721 GOVERNMENT ST BATON ROUGE LA 70821 530242652 501C3 1081692 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT THE UNIVERSITY OF TENNESSEE 210 STUDENT SERVICES BUILDING KNOXVILLE TN 379960225 626001636 501C3 12208 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT THE WILD RAMP 1650 8TH AVENUE HUNTINGTON WV 25703 455212352 501C3 7500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT TOWN OF NASHVILLE 499 SOUTH BARNES ST NASHVILLE NC 27856 GOVERNMENT UNIT 8000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT TOWN OF SYLVA 83 ALLEN STREET SYLVA NC 28779 GOVERNMENT UNIT 583225 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT TOWNCREEK VISION CORPORATION PO BOX 407 WINNABOW NC 28479 561791574 501C3 9000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT TROUT UNLIMITED 308 NORTH MAIN STREET HAILEY ID 83333 381612715 501C3 13125 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT TUCKER COUNTY PLANNING COMMISSION 7830 APPALACHAIN HWY DAVIS WV 26260 556000402 GOVERNMENT UNIT 7000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT UNC SCHOOL OF GOVERNMENT CB3330 KNAPP- SANDERS BLDG CHAPEL HILL NC 275993330 561966429 501C3 15000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT UNITY IN THE COMMUNITY 5620 PEAS RIDGE RD RUTHERFORDTON NC 28139 611765021 501C3 10250 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT UNIVERSITY OF MARYLAND CENTER FOR ENVIRONMENTAL SCIENCE PO BOX 775 CAMBRIDGE MD 21613 526002033 501C3 12500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT US FISH & WILDLIFE PO BOX 272065 DENVER CO 802279060 530201504 GOVERNMENT UNIT 6828059 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT WACCAMAW SIOUAN TRIBE PO BOX 69 BOLTON NC 28423 591739024 501C3 12500 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT WAKE UP WAKE COUNTY PO BOX 6484 RALEIGH NC 27628 861172522 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT WINDOM UNITED METHODIST CHURCH 19 SLEEPY HOLLOW ROAD BURNSVILLE NC 28714 561409577 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT WINGATE UNITED METHODIST CHURCH 111 HINSON ST PO BOX 376 WINGATE NC 28174 561396204 501C3 14000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT WOOD RIVER LAND TRUST 119 E BULLION STREET HAILEY ID 83333 220474191 501C3 13125 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT WYOMING STOCK GROWERS LAND TRUST 113 EAST 20TH STREET CHEYENNE WY 82001 836047954 501C3 20000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT YADKINVILLE UNITED METHODIST CHURCH NETWORX YADKINVILLE PO BOX 25 YADKINVILLE NC 27055 560567474 501C3 8000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT YALE SCHOOL OF FORESTRY & ENVIRONMENTAL STUDIES 195 PROSPECT STREET NEW HAVEN CT 06511 060646973 501C3 10000 CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT 127 1 PART I, LINE 2: THE CONSERVATION FUND MONITORS GRANTS GIVEN BY REQUIRING REPORTS FROM THE GRANTEE. AFTER IT IS DETERMINED THAT THE POTENTIAL GRANTEE'S MISSION IS COMPATIBLE WITH THAT OF THE FUND, THE FUND AWARDS THE GRANT THROUGH A PARTICULAR PROJECT MANAGER. SUBSEQUENT TO THE GRANT AWARD, THE PROJECT MANAGER PERIODICALLY RECEIVES AND REVIEWS A PROGRAM REPORT FROM THE GRANT RECIPIENT UNTIL THE GRANT IS FULLY EXPENDED. X X X X 0 1 0 0 0 0 0 1 0 LAWRENCE A SELZER CEO & PRESIDENT 408709 0 175000 0 660 0 33622 0 88426 0 706417 0 0 0 PATRICK F NOONAN PRESIDENT EMERITUS 177496 0 19900 0 660 0 5412 0 43222 0 246690 0 0 0 JOHN S GILBERT EVP & CFO 250449 0 103000 0 660 0 15556 0 50524 0 420189 0 0 0 RICHARD ERDMANN SENIOR COUNSELOR 132776 0 76000 0 660 0 44000 0 41721 0 295157 0 0 0 MONICA A GARRISON VP & TREASURER 171887 0 18400 0 660 0 2270 0 29338 0 222555 0 0 0 MARGARET A MCCANTS BOARD SEC & CON ACQ DIRECTOR 116322 0 21000 0 660 0 2270 0 23409 0 163661 0 0 0 DEAN H CANNON EVP & GENERAL COUNSEL 263790 0 105600 0 660 0 25000 0 29544 0 424594 0 0 0 MATTHEW S SEXTON SVP CONSERVATION ACQUISTIO 201091 0 56600 0 660 0 38000 0 40349 0 336700 0 0 0 MARK W ELSBREE SVP CONSERVATION ACQUISITI 194791 0 54600 0 660 0 24960 0 52015 0 327026 0 0 0 BLAINE T PHILLIPS JR SVP CONSERVATION ACQUISTIO 193689 0 54600 0 660 0 13200 0 56256 0 318405 0 0 0 EVAN H SMITH SVP CONSERVATION VENTURES 196034 0 48100 0 660 0 19000 0 32027 0 295821 0 0 0 ROBERT D MURPHY SVP MARKETING & COMMUNICAT 216939 0 41800 0 660 0 24126 0 55456 0 338981 0 0 0 JODI R O'DAY VP DEPUTY GENERAL COUNSEL 203363 0 48800 0 660 0 43357 0 31649 0 327829 0 0 0 ERIK MEYERS VP CLIMATE AND WATER SUSTA 201717 0 38500 0 660 0 25000 0 28410 0 294287 0 0 0 PAUL F HURT DEPUTY GENERAL COUNSEL & A 193066 0 46000 0 660 0 25000 0 59769 0 324495 0 0 0 JOSEPH HANKINS VP & STATE DIRECTOR 188196 0 36900 0 660 0 44000 0 31459 0 301215 0 0 0 PART I, LINE 4B THE FUND MAINTAINS A NONQUALIFIED PLAN THAT CALLS FOR ACCRUING $25,000 PER YEAR TO BE PAID TO THE CEO OF THE ORGANIZATION. PART I, LINE 7 ALL FUND EMPLOYEES, INCLUDING OFFICERS AND OTHER KEY EMPLOYEES, ARE ELIGIBLE FOR DISCRETIONARY BONUSES THAT ARE PAID ANNUALLY IN THE FIRST QUARTER OF THE FOLLOWING YEAR. BONUS AMOUNTS ARE BASED ON INDIVIDUAL PERFORMANCE AND THE OVERALL PERFORMANCE OF THE ORGANIZATION. THE AGGREGATE BONUS AMOUNT FOR OFFICERS IS REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS AND THE OVERALL COMPENSATION OF THE CEO, INCLUDING THE BONUS AMOUNT, IS ESTABLISHED BY THE GOVERNANCE COMMITTEE EACH YEAR. X 43 436812 SALE PRICE X 1 700350 APPRAISAL X 14 2373413 APPRAISAL 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 KEVYN ORR, A MEMBER OF THE FUND'S BOARD, IS A CLIENT AND SERVES ON THE BOARD OF ADVISORS OF THE INVESTMENT FIRM IN WHICH JAY WINTHROP, THE FUND'S BOARD CHAIR, IS THE MANAGING PRINCIPAL. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT AUDITING FIRM ENGAGED TO CONDUCT AN ANNUAL AUDIT OF THE FINANCIAL STATEMENTS IS ENGAGED TO ASSIST IN THE PREPARATION OF THE FORM 990. THE CHIEF FINANCIAL OFFICER AND HIS STAFF DIRECTLY PARTICIPATE IN THE PREPARATION OF THE FORM, DRAFTING RESPONSES TO QUESTIONS AND REVIEWING THE FORM 990 IN DRAFT. COUNSEL REVIEWS THE FULL DRAFT REPORT. A DRAFT OF THE 990 IS ALSO PROVIDED TO THE FULL BOARD FOR COMMENTS AND QUESTIONS. SUBSEQUENT TO THE REVIEW AND REVISION PROCESS, THE FORM 990 IS FINALIZED AND FILED WITH THE IRS. COPIES OF THE FORM ARE MADE AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY COPIES ARE PROVIDED TO EACH DIRECTOR AND OFFICER AT A REGULAR BOARD MEETING EACH YEAR, TYPICALLY AT THE FIRST MEETING OF THE YEAR. EACH SUCH PERSON MUST SIGN TO INDICATE THAT HE/SHE/THEY HAS READ THE POLICY AND UNDERSTANDS THE DUTIES UNDER IT. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE COMMITTEE OF THE FUND'S BOARD OF DIRECTORS ACTS AS A COMPENSATION COMMITTEE FOR PURPOSES OF THE CEO'S COMPENSATION, AND ESTABLISHES THE CEO'S COMPENSATION EACH YEAR AT A SPECIAL MEETING DEVOTED TO (1) REVIEWING AND APPROVING THE OVERALL COMPENSATION TO BE PAID TO THE FUND'S CORPORATE OFFICERS AS A GROUP; (2) REVIEWING AND MAKING DETERMINATIONS REGARDING THE COMPENSATION AND BENEFITS OF THE INDIVIDUALS DEEMED "DISQUALIFIED PERSONS" UNDER RELEVANT IRS RULES (INCLUDING THE CEO); AND (3) ESTABLISHING THE COMPENSATION OF THE CEO. THE GOVERNANCE COMMITTEE OBTAINS A COMPENSATION SURVEY OR STUDY FROM AN INDEPENDENT CONSULTANT EVERY THREE TO FOUR YEARS THAT COVERS ALL OF THE CORPORATE OFFICERS. THE MOST RECENT COMPENSATION STUDY FROM AN INDEPENDENT CONSULTANT WAS PREPARED FOR THE GOVERNANCE COMMITTEE IN NOVEMBER OF 2018. FORM 990, PART VI, SECTION C, LINE 19 THE CONSERVATION FUND'S ANNUAL REPORT, WHICH INCLUDES FINANCIAL SUMMARIES, AND ITS AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE FUND'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CRAT/ CRUT/ BIPT -17,372. BLY HOLLOW LLC 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 22209 CONSERVATION REAL ESTATE OWNERSHIP DE 2652913 8791631 THE CONSERVATION FUND BRANDYWINE BEAVER VALLEY LLC 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 22209 CONSERVATION REAL ESTATE OWNERSHIP DE THE CONSERVATION FUND CLARION JUNCTION LLC 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 22209 CONSERVATION REAL ESTATE OWNERSHIP DE 1132212 71072520 THE CONSERVATION FUND GOTHAM WOODS LLC 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 22209 CONSERVATION REAL ESTATE OWNERSHIP DE 4654091 15749882 THE CONSERVATION FUND SHELTERWOOD HOLDINGS I LLC 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 22209 CONSERVATION REAL ESTATE OWNERSHIP DE 284139 377429 THE CONSERVATION FUND SHELTERWOOD HOLDINGS II LLC 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 22209 CONSERVATION REAL ESTATE OWNERSHIP DE 112923 0 THE CONSERVATION FUND TCF SABINE RANCH HUNT CLUB LLC 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 22209 OUTDOOR RECREATIONAL OPPORTUNITIES DE THE CONSERVATION FUND WAPITI WOODS LLC 1655 N FORT MYER DRIVE SUITE 1300 ARLINGTON VA 22209 CONSERVATION REAL ESTATE OWNERSHIP DE 302351 10800372 THE CONSERVATION FUND NATURAL CAPITAL INVESTMENT FUND 1098 TURNER ROAD SHEPHERDSTOWN WV 25443 542058754 SMALL BUSINESS LENDING MD 501(C)(3) LINE 12A, I THE CONSERVATION FUND 1 SUSTAINABLE CONSERVATION INC 1655 N FORT MYER DR SUITE 1300 ARLINGTON VA 22209 621586798 CONSERVATION REAL ESTATE OWNERSHIP MD 501(C)(3) LINE 12A, I THE CONSERVATION FUND 1 1 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 NATURAL CAPITAL INVESTMENT FUND A 72133 GAAP NATURAL CAPITAL INVESTMENT FUND L 1917683 GAAP SUSTAINABLE CONSERVATION INC D 112346 GAAP