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        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>TERRA ALTUS INC</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>1451 BELLE HAVEN RD STE 440</AddressLine1Txt>
            <CityNm>ALEXANDRIA</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>223071201</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>CONSERVATION CONSULTING SERVICES</ServicesDesc>
        <CompensationAmt>175000</CompensationAmt>
      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>2</CntrctRcvdGreaterThan100KCnt>
      <GovernmentGrantsAmt>480853</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>910318</AllOtherContributionsAmt>
      <TotalContributionsAmt>1391171</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>PROGRAM SERVICE FEES</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>227030</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>227030</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>RENTAL INCOME</Desc>
        <BusinessCd>531190</BusinessCd>
        <TotalRevenueColumnAmt>28900</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>28900</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>OTHER PROGRAM SERVICES</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>3385</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>3385</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>259315</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>231687</TotalRevenueColumnAmt>
        <ExclusionAmt>231687</ExclusionAmt>
      </InvestmentIncomeGrp>
      <GrossAmountSalesAssetsGrp>
        <SecuritiesAmt>4274834</SecuritiesAmt>
      </GrossAmountSalesAssetsGrp>
      <LessCostOthBasisSalesExpnssGrp>
        <SecuritiesAmt>3800421</SecuritiesAmt>
      </LessCostOthBasisSalesExpnssGrp>
      <GainOrLossGrp>
        <SecuritiesAmt>474413</SecuritiesAmt>
      </GainOrLossGrp>
      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>474413</TotalRevenueColumnAmt>
        <ExclusionAmt>474413</ExclusionAmt>
      </NetGainOrLossInvestmentsGrp>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>2356586</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>259315</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>706100</ExclusionAmt>
      </TotalRevenueGrp>
      <InfoInScheduleOPartIXInd>X</InfoInScheduleOPartIXInd>
      <GrantsToDomesticOrgsGrp>
        <TotalAmt>189377</TotalAmt>
        <ProgramServicesAmt>189377</ProgramServicesAmt>
      </GrantsToDomesticOrgsGrp>
      <GrantsToDomesticIndividualsGrp>
        <TotalAmt>50000</TotalAmt>
        <ProgramServicesAmt>50000</ProgramServicesAmt>
      </GrantsToDomesticIndividualsGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>25932</TotalAmt>
        <ProgramServicesAmt>25932</ProgramServicesAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>72530</TotalAmt>
        <ManagementAndGeneralAmt>72530</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <FeesForSrvcInvstMgmntFeesGrp>
        <TotalAmt>32052</TotalAmt>
        <ProgramServicesAmt>21632</ProgramServicesAmt>
        <ManagementAndGeneralAmt>9593</ManagementAndGeneralAmt>
        <FundraisingAmt>827</FundraisingAmt>
      </FeesForSrvcInvstMgmntFeesGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>1309196</TotalAmt>
        <ProgramServicesAmt>1053283</ProgramServicesAmt>
        <ManagementAndGeneralAmt>213729</ManagementAndGeneralAmt>
        <FundraisingAmt>42184</FundraisingAmt>
      </FeesForServicesOtherGrp>
      <AdvertisingGrp>
        <TotalAmt>1842</TotalAmt>
        <ProgramServicesAmt>1842</ProgramServicesAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>175196</TotalAmt>
        <ProgramServicesAmt>135494</ProgramServicesAmt>
        <ManagementAndGeneralAmt>33467</ManagementAndGeneralAmt>
        <FundraisingAmt>6235</FundraisingAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>10726</TotalAmt>
        <ProgramServicesAmt>7239</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3210</ManagementAndGeneralAmt>
        <FundraisingAmt>277</FundraisingAmt>
      </InformationTechnologyGrp>
      <OccupancyGrp>
        <TotalAmt>53305</TotalAmt>
        <ProgramServicesAmt>35975</ProgramServicesAmt>
        <ManagementAndGeneralAmt>15954</ManagementAndGeneralAmt>
        <FundraisingAmt>1376</FundraisingAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>76312</TotalAmt>
        <ProgramServicesAmt>64754</ProgramServicesAmt>
        <ManagementAndGeneralAmt>8907</ManagementAndGeneralAmt>
        <FundraisingAmt>2651</FundraisingAmt>
      </TravelGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>70551</TotalAmt>
        <ProgramServicesAmt>54412</ProgramServicesAmt>
        <ManagementAndGeneralAmt>15786</ManagementAndGeneralAmt>
        <FundraisingAmt>353</FundraisingAmt>
      </ConferencesMeetingsGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>21510</TotalAmt>
        <ProgramServicesAmt>14517</ProgramServicesAmt>
        <ManagementAndGeneralAmt>6438</ManagementAndGeneralAmt>
        <FundraisingAmt>555</FundraisingAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>13983</TotalAmt>
        <ProgramServicesAmt>9437</ProgramServicesAmt>
        <ManagementAndGeneralAmt>4185</ManagementAndGeneralAmt>
        <FundraisingAmt>361</FundraisingAmt>
      </InsuranceGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>2102512</TotalAmt>
        <ProgramServicesAmt>1663894</ProgramServicesAmt>
        <ManagementAndGeneralAmt>383799</ManagementAndGeneralAmt>
        <FundraisingAmt>54819</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>28927</BOYAmt>
        <EOYAmt>28349</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>1656011</BOYAmt>
        <EOYAmt>4522175</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>597116</BOYAmt>
        <EOYAmt>238997</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>14984</BOYAmt>
        <EOYAmt>12397</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>776287</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>109446</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>690390</BOYAmt>
        <EOYAmt>666841</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsPubTradedSecGrp>
        <BOYAmt>5766901</BOYAmt>
        <EOYAmt>3003599</EOYAmt>
      </InvestmentsPubTradedSecGrp>
      <TotalAssetsGrp>
        <BOYAmt>8754329</BOYAmt>
        <EOYAmt>8472358</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>267401</BOYAmt>
        <EOYAmt>136254</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <GrantsPayableGrp>
        <BOYAmt>78030</BOYAmt>
        <EOYAmt>67968</EOYAmt>
      </GrantsPayableGrp>
      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>163315</BOYAmt>
        <EOYAmt>7553</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>508746</BOYAmt>
        <EOYAmt>211775</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
      <UnrestrictedNetAssetsGrp>
        <BOYAmt>4718126</BOYAmt>
        <EOYAmt>4758142</EOYAmt>
      </UnrestrictedNetAssetsGrp>
      <TemporarilyRstrNetAssetsGrp>
        <BOYAmt>3527457</BOYAmt>
        <EOYAmt>3502441</EOYAmt>
      </TemporarilyRstrNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>8245583</BOYAmt>
        <EOYAmt>8260583</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>8754329</BOYAmt>
        <EOYAmt>8472358</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>254074</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>-273837</NetUnrlzdGainsLossesInvstAmt>
      <OtherChangesInNetAssetsAmt>34763</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>2713179</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>1952903</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>1943840</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>1602797</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>1391171</CurrentTaxYearAmt>
        <TotalAmt>9603890</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>2713179</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>1952903</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>1943840</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>1602797</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>1391171</CurrentTaxYearAmt>
        <TotalAmt>9603890</TotalAmt>
      </TotalCalendarYear170Grp>
      <SubstantialContributorsTotAmt>2438464</SubstantialContributorsTotAmt>
      <PublicSupportTotal170Amt>7165426</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <CurrentTaxYearMinus4YearsAmt>158513</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>153844</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>155065</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>239236</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>231687</CurrentTaxYearAmt>
        <TotalAmt>938345</TotalAmt>
      </GrossInvestmentIncome170Grp>
      <TotalSupportAmt>10542235</TotalSupportAmt>
      <GrossReceiptsRltdActivitiesAmt>481513</GrossReceiptsRltdActivitiesAmt>
      <PublicSupportCY170Pct>0.67970</PublicSupportCY170Pct>
      <PublicSupportPY170Pct>0.63210</PublicSupportPY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleC documentId="RetDoc1039700001">
      <VolunteersInd>0</VolunteersInd>
      <PaidStaffOrManagementInd>0</PaidStaffOrManagementInd>
      <MediaAdvertisementsInd>0</MediaAdvertisementsInd>
      <MailingsMembersInd>0</MailingsMembersInd>
      <PublicationsOrBroadcastInd>0</PublicationsOrBroadcastInd>
      <GrantsOtherOrganizationsInd>0</GrantsOtherOrganizationsInd>
      <DirectContactLegislatorsInd>1</DirectContactLegislatorsInd>
      <DirectContactLegislatorsAmt>4800</DirectContactLegislatorsAmt>
      <RalliesDemonstrationsInd>0</RalliesDemonstrationsInd>
      <OtherActivitiesInd>0</OtherActivitiesInd>
      <TotalLobbyingExpendituresAmt>4800</TotalLobbyingExpendituresAmt>
      <NotDescribedSection501c3Ind>0</NotDescribedSection501c3Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART II-B, LINE 1:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S LOBBYING ACTIVITIES INCLUDED CONTACT WITH LEGISLATORS ABOUT LAND AND WATER CONSERVATION ISSUES ASSOCIATED WITH THE AGRICULTURAL ACT OF 2014 (THE FEDERAL FARM BILL).</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>637447</OtherCostOrOtherBasisAmt>
        <BookValueAmt>637447</BookValueAmt>
      </LandGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>40805</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>32367</DepreciationAmt>
        <BookValueAmt>8438</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>98035</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>77079</DepreciationAmt>
        <BookValueAmt>20956</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>666841</TotalBookValueLandBuildingsAmt>
      <TotalRevEtcAuditedFinclStmtAmt>2156828</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>-273837</NetUnrealizedGainsInvstAmt>
      <DonatedServicesAndUseFcltsAmt>39316</DonatedServicesAndUseFcltsAmt>
      <OtherRevenueAmt>34763</OtherRevenueAmt>
      <RevenueNotReportedAmt>-199758</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>2356586</RevenueSubtotalAmt>
      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>2356586</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>2141828</TotExpnsEtcAuditedFinclStmtAmt>
      <DonatedServicesUseFcltsAmt>39316</DonatedServicesUseFcltsAmt>
      <ExpensesNotReportedAmt>39316</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>2102512</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>2102512</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 2D - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>RESCINDED GRANTS PAYABLE 34,763.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>FOND DU LAC COUNTY LAND AND WATER CONSERVATION DEPARTMENT</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>160 S MACY ST</AddressLine1Txt>
          <CityNm>FOND DU LAC</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>549354241</ZIPCd>
        </USAddress>
        <RecipientEIN>396005696</RecipientEIN>
        <IRCSectionDesc>FOND DU LAC COUNTY</IRCSectionDesc>
        <CashGrantAmt>65000</CashGrantAmt>
        <PurposeOfGrantTxt>MONITORING PROJECT IN WEST BRANCH OF MILWAUKEE RIVER</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>FULL BELLY FARM</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>16090 COUNTY ROAD 43</AddressLine1Txt>
          <CityNm>GUINDA</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>956379710</ZIPCd>
        </USAddress>
        <RecipientEIN>464271820</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>LEOPOLD CONSERVATION AWARD</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>JOHNSON MOUNTAIN RANCH LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>115 E CENTER ST</AddressLine1Txt>
          <CityNm>AURORA</CityNm>
          <StateAbbreviationCd>UT</StateAbbreviationCd>
          <ZIPCd>846207701</ZIPCd>
        </USAddress>
        <RecipientEIN>870577132</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>LEOPOLD CONSERVATION AWARD</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>LADDER LIVESTOCK COMPANY LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>489 COUNTY ROAD 710</AddressLine1Txt>
          <CityNm>SAVERY</CityNm>
          <StateAbbreviationCd>WY</StateAbbreviationCd>
          <ZIPCd>823320159</ZIPCd>
        </USAddress>
        <RecipientEIN>830313235</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>LEOPOLD CONSERVATION AWARD</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>WINSTON LAND &amp; CATTLE LTD</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>4501 US HIGHWAY 59 N</AddressLine1Txt>
          <CityNm>LUFKIN</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>759018513</ZIPCd>
        </USAddress>
        <RecipientEIN>751474400</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>LEOPOLD CONSERVATION AWARD</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>MADISON METROPOLITAN SEWERAGE DISTRICT</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>1610 MOORLAND RD</AddressLine1Txt>
          <CityNm>MADISON</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>537133324</ZIPCd>
        </USAddress>
        <RecipientEIN>396005509</RecipientEIN>
        <IRCSectionDesc>CITY OF MADISON</IRCSectionDesc>
        <CashGrantAmt>50000</CashGrantAmt>
        <PurposeOfGrantTxt>SUPPORT FOR WATERSHED ADAPTIVE MANAGEMENT OPTION PILOT PROJECT</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>BLACKFOOT CHALLENGE INC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>405 MAIN ST</AddressLine1Txt>
          <CityNm>OVANDO</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>598548001</ZIPCd>
        </USAddress>
        <RecipientEIN>810488863</RecipientEIN>
        <CashGrantAmt>10000</CashGrantAmt>
        <PurposeOfGrantTxt>SUPPORT FOR PARTNERS FOR CONSERVATION SENSITIVE SPECIES FORUM</PurposeOfGrantTxt>
      </RecipientTable>
      <Total501c3OrgCnt>2</Total501c3OrgCnt>
      <TotalOtherOrgCnt>5</TotalOtherOrgCnt>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>LEOPOLD CONSERVATION AWARDS GIVEN TO INDIVIDUALS WHO EXEMPLIFY EXTRAORDINARY ACHIEVEMENTS IN PRIVATE LAND CONSERVATION</GrantTypeTxt>
        <RecipientCnt>6</RecipientCnt>
        <CashGrantAmt>50000</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SAND COUNTY FOUNDATION REGULARLY MONITORS THE USE OF GRANT FUNDS BY REVIEWING REPORTS SUBMITTED BY GRANT RECIPIENTS AND CONDUCTING SITE VISITS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION LEASES EMPLOYEES FROM QTI HUMAN RESOURCES, INC. THE ORGANIZATION'S PRESIDENT IS AN EMPLOYEE OF QTI HUMAN RESOURCES, INC. AND PERFORMS MANAGEMENT DUTIES SUCH AS SUPERVISING PERSONNEL, PLANNING AND EXECUTING BUDGETS AND FINANCIAL OPERATIONS, AND SUPERVISING EXEMPT OPERATIONS. DURING CALENDAR YEAR 2014 THE PRESIDENT RECEIVED $104,819 OF REPORTABLE COMPENSATION AND $19,799 OF OTHER COMPENSATION FROM QTI HUMAN RESOURCES, INC.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PREPARED FORM 990 IS SENT TO ALL DIRECTORS FOR REVIEW APPROXIMATELY ONE WEEK PRIOR TO FILING THE RETURN WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PRESIDENT'S COMPENSATION WAS EVALUATED BY THE GOVERNING BODY IN 2011 USING DATA ON COMPENSATION PAID BY SIMILAR ORGANIZATIONS FOR COMPARABLE POSITIONS AND WAS ADJUSTED UPWARD TO BE MORE CONSISTENT WITH INDUSTRY AVERAGES. NO MAJOR RAISES HAVE BEEN GIVEN TO THE PRESIDENT AFTER THIS STUDY WAS PERFORMED. ANOTHER STUDY WAS CONDUCTED IN EARLY 2015 TO COMPARE THE PRESIDENT'S COMPENSATION TO COMPENSATION PAID BY SIMILAR ORGANIZATIONS FOR COMPARABLE POSITIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE EXTENT APPROPRIATE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>EMPLOYEE LEASING SERVICES: PROGRAM SERVICE EXPENSES 1,053,283. MANAGEMENT AND GENERAL EXPENSES 213,729. FUNDRAISING EXPENSES 42,184. TOTAL EXPENSES 1,309,196.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>RESCINDED GRANTS PAYABLE 34,763.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>