Form990
Click to see attachment
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
A For the 2019 calendar year, or tax year beginning 01-01-2018 , and ending 12-31-2018
BCheck if applicable:
CName of organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
1655 N FORT MYER DRIVE SUITE 1300
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ARLINGTON, VA222093199
D Employer identification number

52-1388917
E Telephone number

G Gross receipts $ 209,741,782
F Name and address of principal officer:
LAWRENCE A SELZER
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA222093199
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW. CONSERVATIONFUND.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1985
M State of legal domicile: MD
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: 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.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 20
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 20
5 Total number of individuals employed in calendar year 2018 (Part V, line 2a) ...... 5 221
6 Total number of volunteers (estimate if necessary) ............. 6 24
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 55,989
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 125,150,650 85,774,067
9 Program service revenue (Part VIII, line 2g) ......... 107,724,162 121,211,403
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 1,439,243 2,742,319
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 1,033,850 13,993
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 235,347,905 209,741,782
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 4,766,037 12,947,120
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 22,657,816 24,183,510
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet2,736,842    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 247,142,734 157,730,093
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 274,566,587 194,860,723
19 Revenue less expenses. Subtract line 18 from line 12....... -39,218,682 14,881,059
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 730,421,186 787,856,621
21 Total liabilities (Part X, line 26)............. 263,886,371 345,018,668
22 Net assets or fund balances. Subtract line 21 from line 20..... 466,534,815 442,837,953
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2018)
Form 990 (2018)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: 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.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 170,536,132 including grants of $ 9,723,903 ) (Revenue $ 104,241,474 )
THE FUND'S ACTIVITIES AND PROGRAMS ARE DIVIDED INTO CONSERVATION REAL ESTATE RELATED ACTIVITIES AND OTHER CONSERVATION SERVICES. CONSERVATION REAL ESTATE RELATED ACTIVITIES ARE DESCRIBED BELOW: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 $6.7 BILLION, IN OVER 3,200 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 JULY 31, 2019, THE FUND HAS PROTECTED APPROXIMATELY 643,000 ACRES OF CRITICAL FORESTS IN THE U.S., GENERATING $788 MILLION IN ANNUAL ECONOMIC IMPACT AND SECURING 151 MILLION METRIC TONS OF 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 JULY 31, 2019, $514.4 MILLION IN CAPITAL HAS BEEN DEPLOYED IN 34 PROJECTS TO PROTECT APPROXIMATELY 643,000 ACRES OF U.S. TIMBERLAND. THE WORKING FOREST FUND HAS FULLY EXITED 12 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, 2018, CONSERVATION LOANS HAS ASSISTED WITH THE CONSERVATION OF 154,000 ACRES THROUGH 367 LOANS IN 39 STATES. THE FUND'S PORTFOLIO OF LOANS MADE BY THIS BUSINESS UNIT HAD A PRINCIPAL VALUE OF $32.3 MILLION AS OF DECEMBER 31, 2018.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, MORE THAN $237 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 HAS BEEN SPENT AS OF JULY 31, 2019 ON OVER 150 MITIGATION PROJECTS. ADDITIONALLY, MORE THAN 280,000 ACRES HAVE BEEN PROTECTED IN 29 STATES USING MITIGATION FUNDING.
4b (Code:   ) (Expenses $ 17,393,000 including grants of $ 3,223,217 ) (Revenue $ 16,969,929 )
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 NETWORKTHE 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 INSTITUTETHE 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. THE FUND IS A DEFENDANT IN LITIGATION RELATING TO SERVICES PROVIDED BY THE FRESHWATER INSTITUTE IN CONNECTION WITH THE DESIGN AND CONSTRUCTION OF A SALT WATER FISH FARM IN FLORIDA. SEE "LITIGATION." RESOURCEFUL COMMUNITIESRESOURCEFUL COMMUNITIES WORKS WITH GRASSROOTS 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 PLANNINGSTRATEGIC 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.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet187,929,132
Form 990 (2018)
Form 990 (2018)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment..............
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment.................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment..................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
Yes
 
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part IIIClick to see attachment.............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
Yes
 
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I(see instructions) ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
22
 
No
Form 990 (2018)
Form 990 (2018)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I...................
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .............Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II...........
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
207
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2018)
Form 990 (2018)
Page 5
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
221
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? If "Yes," see instructions and file Form 4720, Schedule N .....
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income?
If "Yes," complete Form 4720, Schedule O ................
16
 
No
Form 990 (2018)
Form 990 (2018)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
20
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
20
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
AL , AR , AK , CA , CT , DC , FL , GA , IL , KS , KY , ME , MD , MA , MI , MO , NH , NJ , NC , ND , NV , OH , OK , OR , PA , SC , TN , UT , VA , WA , WV , WI , HI
18
Section 6104 requires an organization to make its Form 1023 (or 1024-A if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletJOHN GILBERT1655 N FORT MYER DRIVE SUITE 1300   ARLINGTON,VA222093199 (703) 525-6300
Form 990 (2018)
Form 990 (2018)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) MICHAEL LEONARD......................................................................
CHAIR
 2.00
.................
  		X           0 0 0
(2) JAY WINTHROP......................................................................
CO-VICE CHAIR
 2.00
.................
  		X           0 0 0
(3) JAY F WAGLEY......................................................................
CO-VICE CHAIR
 2.00
.................
  		X           0 0 0
(4) KAY KELLEY ARNOLD......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(5) JULIE G BARKER......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(6) GREGORY A BEARD......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(7) ROBERT BONNIE......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(8) TODD J CARTER......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(9) J STOREY CHARBONNET......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(10) CHARLES R CHERINGTON......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(11) KIMBERLEE R CORNETT......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(12) LUIS DE LA GARZA......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(13) DR STEPHEN A ELBERT......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(14) PAUL E HAGEN......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(15) G WILSON HUGHES......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(16) DR JILL L LONG THOMPSON......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(17) THRUSTON MORTON......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
Form 990 (2018)
Form 990 (2018)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) C PORTER SCHUTT III........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(19) DANIEL R TISHMAN........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(20) JAMES M WHITEHURST........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(21) LAWRENCE A SELZER........................................................................
CEO & PRESIDENT
 37.50
.......................   		    X       565,528 0 64,714
(22) DEAN H CANNON........................................................................
EVP & GENERAL COUNSEL
 36.50
.......................1.00 		    X       356,750 0 29,842
(23) RICHARD ERDMANN........................................................................
EVP
 22.00
.......................3.00 		    X       249,603 0 49,899
(24) JOHN S GILBERT........................................................................
EVP & CFO
 31.50
.......................6.00 		    X       269,358 0 27,779
(25) MARK W ELSBREE........................................................................
SVP CONSERVATION ACQUISITION
 37.50
.......................   		    X       240,368 0 53,266
(26) ROBERT D MURPHY........................................................................
SVP MARKETING & COMMUNICATIONS
 37.50
.......................   		    X       253,208 0 55,256
(27) BLAINE T PHILLIPS JR........................................................................
SVP CONSERVATION ACQUISTION
 37.50
.......................   		    X       243,058 0 53,876
(28) MATTHEW S SEXTON........................................................................
SVP CONSERVATION ACQUISTION
 37.50
.......................   		    X       243,868 0 51,226
(29) EVAN H SMITH........................................................................
SVP CONSERVATION VENTURES
 37.50
.......................   		    X       234,649 0 34,145
(30) WILLIAM L ALLEN III........................................................................
VP CONSERVATION SERVICES
 37.50
.......................   		    X       156,728 0 45,039
(31) ALISA E BORLAND........................................................................
VP DEVELOPMENT
 37.50
.......................   		    X       173,308 0 46,851
(32) BRIAN J DANGLER........................................................................
VP DIRECTOR WORKING FOREST FUND
 37.50
.......................   		    X       190,108 0 46,755
(33) THOMAS R DUFFUS........................................................................
SVP CONSERVATION ACQUISTION
 37.50
.......................   		    X       173,808 0 46,755
(34) MONICA A GARRISON........................................................................
VP & TREASURER
 37.50
.......................   		    X       78,599 0 874
(35) JOSEPH HANKINS........................................................................
VP
 36.50
.......................1.00 		    X       215,890 0 30,941
(36) JENA C MEREDITH........................................................................
VP BUSINESS PARTNERSHIPS
 37.50
.......................   		    X       160,383 0 45,039
(37) ERIK MEYERS........................................................................
VP CLIMATE AND WATER SUSTAINABILITY
 36.50
.......................1.00 		    X       231,895 0 31,263
(38) JODI R O'DAY........................................................................
VP DEPUTY GENERAL COUNSEL & ASSISTANT SECRETARY
 34.50
.......................3.00 		    X       239,475 0 32,067
(39) KELLY M REED........................................................................
VP GOVERNMENT RELATIONS
 37.50
.......................   		    X       193,570 0 27,651
(40) MICHELE J SAGER........................................................................
VP RESOURCEFUL COMMUNITIES
 34.50
.......................3.00 		    X       196,080 0 30,071
(41) GATES M WATSON........................................................................
VP CONSERVATION ACQUISITION
 37.50
.......................   		    X       156,508 0 44,311
(42) MARGARET A MCCANTS........................................................................
SECRETARY
 37.50
.......................   		    X       132,619 0 25,578
(43) ELIZABETH G ENGLE........................................................................
DEPUTY GENERAL COUNSEL & ASSISTANT SECRETARY
 36.50
.......................1.00 		    X       188,308 0 47,773
(44) PAUL F HURT........................................................................
DEPUTY GENERAL COUNSEL & ASSISTANT SECRETARY
 33.50
.......................4.00 		    X       229,430 0 48,790
(45) SCOTT M TISON........................................................................
ASSISTANT SECRETARY
 36.50
.......................1.00 		    X       139,626 0 29,006
(46) CHRISTOPHER R KELLY........................................................................
CALIFORNIA PROGRAM DIRECTOR
 37.50
.......................   		        X   190,183 0 48,116
(47) PATRICK F NOONAN........................................................................
CHAIRMAN EMERITUS
 37.50
.......................   		        X   195,389 0 48,996
(48) MICHAEL FORD........................................................................
NEVADA AND SOUTHWEST DIRECTOR
 37.50
.......................   		        X   187,175 0 0
(49) BRIAN J VINCI........................................................................
DIRECTOR, FRESHWATER INSTITUTE
 37.50
.......................   		        X   180,070 0 27,714
(50) ROBERTA ZWIER........................................................................
DIRECTOR, MITIGATION SOLUTIONS
 37.50
.......................   		        X   178,875 0 17,577
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 6,444,417 0 1,141,170
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet76
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
MCINTOSH & MCINTOSH PC

429 PINE STREET
LOCKPORT,NY14094 		DEED/TITLE REVIEW AND SURVEY SERVICES 224,958
JAMES RESOURCE MANAGEMENT LLC

PO BOX 2881
STATESBORO,GA30459 		FORESTRY AND GIS SERVICES 184,138
CHERRY BEKAERT LLP

PO BOX 25549
RICHMOND,VA232605500 		ACCOUNTING AUDIT AND TAX SERVICES 170,675
ALLAN C BEEZLEY PC ATTY AND COUNS AT

1928 14TH STREET
BOULDER,CO80302 		OUTSIDE LEGAL COUNSEL FOR REAL ESTATE TR 170,420
GELBERT FULBRIGHT & RANDOLPH FORESTRY

PO BOX 99399
RALEIGH,NC27624 		FORESTRY SERVICES 134,903
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet9
Form 990 (2018)
Form 990 (2018)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a 107,836
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d 2,426,078
e Government grants (contributions)1e 15,673,157
f All other contributions, gifts, grants, and similar amounts not included above1f 67,566,996
g Noncash contributions included in lines 1a - 1f:$ 15,582,553
h Total. Add lines 1a-1f.......MediumBullet 85,774,067
Program Service RevenueAmt Business Code
2a CONS. LAND SALES 531390 68,056,582 68,056,582    
b MITIGATION REVENUE 531390 23,932,483 23,932,483    
c RESOURCES SALES 531390 20,930,019 20,930,019    
d CONTRACT FEES 531390 4,854,443 4,854,443    
e CONS. LOAN INCOME 531390 2,402,384 2,402,384    
f All other program service revenue. 1,035,492 1,035,492    
g Total. Add lines 2a–2f ....MediumBullet 121,211,403
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ......MediumBullet 2,742,319     2,742,319
4 Income from investment of tax-exempt bond proceedsMediumBullet        
5 Royalties...........MediumBullet 13,993     13,993
(ii) Personal (i) Real
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss)......MediumBullet        
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory    
b Less: cost or other basis and sales expenses    
c Gain or (loss)    
d Net gain or (loss).....MediumBullet        
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities..MediumBullet        
10a Gross sales of inventory, less
returns and allowances ..
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Business Code Miscellaneous Revenue
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet  
12 Total revenue. See Instructions......MediumBullet 209,741,782 121,211,403 0 2,756,312
Form 990 (2018)
Form 990 (2018)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 12,947,120 12,947,120
2 Grants and other assistance to domestic individuals. See Part IV, line 22    
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, line 15 and 16.    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 6,511,492 5,341,198 701,860 468,434
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 13,920,473 11,581,834 1,380,911 957,728
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 1,085,172 902,863 107,649 74,660
9 Other employee benefits ....... 1,338,541 938,620 260,968 138,953
10 Payroll taxes ........... 1,327,832 987,782 189,061 150,989
11 Fees for services (non-employees):        
a Management ...... 70,602 70,536 66  
b Legal ......... 539,940 407,167 127,736 5,037
c Accounting ........... 175,376 130,299 43,367 1,710
d Lobbying ........... 174,621 145,302 17,312 12,007
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 83,936   83,936  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 10,178,374 9,188,025 593,294 397,055
12 Advertising and promotion .... 18,073 11,118 1,326 5,629
13 Office expenses ....... 1,176,101 920,166 137,216 118,719
14 Information technology ...... 179,531 125,497 18,340 35,694
15 Royalties ..        
16 Occupancy ........... 3,837,160 3,504,363 197,259 135,538
17 Travel ............ 1,546,372 1,279,735 145,998 120,639
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 211,614 170,474 27,118 14,022
20 Interest ........... 6,667,350 6,667,350    
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 240,556 200,143 23,863 16,550
23 Insurance ... 716,502 606,902 64,716 44,884
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a BV CONS. LAND 96,634,477 96,634,477    
b EXTERNAL TRANSFER 20,764,770 20,764,770    
c ACCEL NP DISC 7,156,456 7,156,456    
d ACQUISITION COSTS 2,584,934 2,554,471 17,988 12,475
e All other expenses 4,773,348 4,692,464 54,765 26,119
25 Total functional expenses. Add lines 1 through 24e 194,860,723 187,929,132 4,194,749 2,736,842
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2018)
Form 990 (2018)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........   1  
2 Savings and temporary cash investments ......... 101,465,757 2 129,892,354
3 Pledges and grants receivable, net ...... 969,067 3 1,476,258
4 Accounts receivable, net ............. 13,603,077 4 6,379,207
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L .............
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L ..............
  6  
7 Notes and loans receivable, net ....   7  
8 Inventories for sale or use ........   8  
9 Prepaid expenses and deferred charges ...... 162,040 9 194,496
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 4,994,599
b Less: accumulated depreciation 10b 2,492,393 1,985,038 10c 2,502,206
11 Investments—publicly traded securities . 56,183,196 11 70,625,475
12 Investments—other securities. See Part IV, line 11 .....   12  
13 Investments—program-related. See Part IV, line 11 .. 77,573,424 13 56,477,165
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 478,479,587 15 520,309,460
16 Total assets. Add lines 1 through 15 (must equal line 34)... 730,421,186 16 787,856,621
Liabilities 17 Accounts payable and accrued expenses ..... 6,985,430 17 7,640,094
18 Grants payable ...   18  
19 Deferred revenue ......... 117,093,218 19 159,506,103
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..   22  
23 Secured mortgages and notes payable to unrelated third parties .. 12,658,668 23 43,567,572
24 Unsecured notes and loans payable to unrelated third parties .. 74,669,246 24 80,831,700
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 52,479,809 25 53,473,199
26 Total liabilities. Add lines 17 through 25.. 263,886,371 26 345,018,668
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets 253,404,266 27 197,282,660
28 Temporarily restricted net assets ........... 109,163,727 28 141,166,656
29 Permanently restricted net assets 103,966,822 29 104,388,637
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund ...   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 466,534,815 33 442,837,953
34 Total liabilities and net assets/fund balances ........ 730,421,186 34 787,856,621
Form 990 (2018)
Form 990 (2018)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
209,741,782
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
194,860,723
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
14,881,059
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
466,534,815
5
Net unrealized gains (losses) on investments ...............
5
-1,292,006
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
-37,285,915
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
442,837,953
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2018)
Form 990 (2018)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number

52-1388917
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
2
3
4
5
6
7
8
9

10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................  
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total
 
   
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv), 170(b)(1)(A)(vi), and 170(b)(1)(A)(ix)
(Complete only if you checked the box on line 5, 7, 8, or 9 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 139,072,979 124,075,769 96,181,366 125,150,650 85,774,067 570,254,831
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3 139,072,979 124,075,769 96,181,366 125,150,650 85,774,067 570,254,831
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. 48,139,314
6 Public support. Subtract line 5 from line 4. 522,115,517
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 (f) Total
7 Amounts from line 4.. 139,072,979 124,075,769 96,181,366 125,150,650 85,774,067 570,254,831
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 385,047 395,197 714,555 1,439,243 2,756,312 5,690,354
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..            
11 Total support. Add lines 7 through 10 575,945,185
12
12
542,166,663
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
90.650 %
15
15
86.070 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose            
3 Gross receipts from activities that are not an unrelated trade or business under section 513 .....            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge            
6 Total. Add lines 1 through 5            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) 2018 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked 12a of Part I, complete Sections A and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete Sections A, D, and E. If you checked 12d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 12a or 12b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    
Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2018 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2018 		(iii)
Distributable
Amount for 2018
1 Distributable amount for 2018 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2018:
a From 2013.......  
b From 2014.......  
c From 2015.......  
d From 2016.......  
e From 2017.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2018 distributable amount  
i Carryover from 2013 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2018 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2018 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2018, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions.		  
6 Remaining underdistributions for 2018. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions.		  
7 Excess distributions carryover to 2019. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a Excess from 2014......  
b Excess from 2015.....  
c Excess from 2016.....  
d Excess from 2017.....  
e Excess from 2018.....  
Schedule A (Form 990 or 990-EZ) (2018)

Schedule A (Form 990 or 990-EZ) 2018
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A (Form 990 or 990-EZ) 2018


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number

52-1388917
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
Name of organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION 		Employer identification number
52-1388917
Part I
Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
Page 3
Name of organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION 		Employer identification number

52-1388917
Part II
Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
Page 4
Name of organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION 		Employer identification number

52-1388917
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

SchCMd Bullet Complete if the organization is described below. SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd BulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number

52-1388917
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV (see instructions for definition of “political campaign activities")

2
Political campaign activity expenditures (see instructions) ....................................................................SchCMd Bullet
$  
3
Volunteer hours for political campaign activities (see instructions) ..................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2018

Schedule C (Form 990 or 990-EZ) 2018
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ...................... 8,862  
b Total lobbying expenditures to influence a legislative body (direct lobbying) ............................... 463,033  
c Total lobbying expenditures (add lines 1a and 1b) ................................................................... 471,895  
d Other exempt purpose expenditures ........................................................................ 194,388,828  
e Total exempt purpose expenditures (add lines 1c and 1d) ............................................... 194,860,723  
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 1,000,000  
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) ................................................. 250,000  
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................ 0  
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................ 0  
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ...................................................................................................................

4-Year Averaging Period Under section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2015 (b) 2016 (c) 2017 (d) 2018 (e) Total
2a Lobbying nontaxable amount 1,000,000 1,000,000 1,000,000 1,000,000 4,000,000
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		6,000,000
c Total lobbying expenditures 491,571 361,966 400,434 471,895 1,725,866
d Grassroots nontaxable amount 250,000 250,000 250,000 250,000 1,000,000
e Grassroots ceiling amount
(150% of line 2d, column (e))		 1,500,000
f Grassroots lobbying expenditures 25,500 22,500 23,600 8,862 80,462
Schedule C (Form 990 or 990-EZ) 2018


Schedule C (Form 990 or 990-EZ) 2018
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
 
 
c
Media advertisements? ...................................................................................................
 
 
 
d
Mailings to members, legislators, or the public? .............................................................................
 
 
 
e
Publications, or published or broadcast statements? ...........................................................
 
 
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
 
 
i
Other activities? ...................................................................................................................
 
 
 
j
Total. Add lines 1c through 1i ....................................................................................................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2018


Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
SchDMd Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number

52-1388917
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a 22
b Total acreage restricted by conservation easements .................... 2b 67,917.00
c Number of conservation easements on a certified historic structure included in (a) ..... 2c 0
d Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ... 2d 0
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet5
4
Number of states where property subject to conservation easement is located SchDMd Bullet9
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet47.00
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $ 13,053
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2018

Schedule D (Form 990) 2018
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 1,424,000 1,222,197 1,132,000 1,146,000 1,088,000
b Contributions ...          
c Net investment earnings, gains, and losses -101,673 201,803 90,197 -14,000 58,000
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ...... 1,322,327 1,424,000 1,222,197 1,132,000 1,146,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet100.000 %
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations .................
3a(i)
 
No
(ii) related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....      
b Buildings ....   2,968,685 1,205,546 1,763,139
c Leasehold improvements   819,179 221,869 597,310
d Equipment ....   1,017,017 925,526 91,491
e Other .....   189,718 139,452 50,266
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 2,502,206
Schedule D (Form 990) 2018

Schedule D (Form 990) 2018
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)CONSERVATION NOTES RECEIVABLE 56,477,165 C
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet 56,477,165
Part IX
Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1) CONSERVATION LAND & EASEMENTS 519,398,935
(2) INVESTMENTS IN PARTNERSHIP 645,127
(3) CHARITABLE GIFT ANNUITY 265,398
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 520,309,460
Part X
Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
DEFERRED RENT 1,214,097
DEPOSITS BY OTHERS 5,877,942
LAND HELD FOR OTHERS 46,381,160
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 53,473,199
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2018

Schedule D (Form 990) 2018
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 210,915,000
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a -1,292,006
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 2,549,160
e Add lines 2a through 2d ..................... 2e 1,257,154
3 Subtract line 2e from line 1.................. 3 209,657,846
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 83,936
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c 83,936
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 209,741,782
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 194,331,000
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d -445,787
e Add lines 2a through 2d.................... 2e -445,787
3 Subtract line 2e from line 1................... 3 194,776,787
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 83,936
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c 83,936
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 194,860,723
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART II, LINE 3: THE CONSERVATION FUND TRANSFERRED FOUR CONSERVATION EASEMENTS TO QUALIFIED ORGANIZATIONS UNDER 170 (H) OF THE INTERNAL REVENUE CODE: 1) ON JANUARY 4, 2018 THE FUND PURCHASED A CONSERVATION EASEMENT BURDENING 440 ACRES IN JEFFERSON COUNTY, IDAHO, WHICH IT THEN ASSIGNED TO THE BUREAU OF LAND MANAGEMENT ON THE SAME DAY. 2) ON JULY 3, 2018 THE FUND SOLD A CONSERVATION EASEMENT BURDENING 8,586 ACRES IN PONDERA AND TETON COUNTIES, MONTANA TO THE U.S. FISH AND WILDLIFE SERVICE. THE FUND HAD PURCHASED THE CONSERVATION EASEMENT ON DECEMBER 15, 2017. 3) ON NOVEMBER 16, 2018 THE FUND SOLD A CONSERVATION EASEMENT BURDENING 1,229.93 ACRES IN DOUGLAS COUNTY, NEVADA TO THE USDA FOREST SERVICE. THE FUND HAD PURCHASED THE CONSERVATION EASEMENT ON MAY 31, 2017. 4(A) THE FUND AMENDED AND THEN TRANSFERRED A CONSERVATION EASEMENT BURDENING 354.70 ACRES IN HOKE COUNTY, NORTH CAROLINA WHICH THE FUND HAD CREATED ON JUNE 27, 2011. AT THE REQUEST OF THE FEE OWNER, THE FUND AMENDED THE CONSERVATION EASEMENT ON SEPTEMBER 24, 2018 TO ALLOW FOR A WELL SITE TO BE DEVELOPED. ADDITION OF THE WELL SITE WAS PERMITTED AS AN IMPROVEMENT OF THE PROPERTY FOR PUBLIC PURPOSES UNDER THE CONSERVATION EASEMENT. 4(B) THE FUND THEN ASSIGNED THE CONSERVATION EASEMENT TO SANDHILLS AREA LAND TRUST, INC, A QUALIFIED ORGANIZATION UNDER SECTION 170(H) OF THE INTERNAL REVENUE CODE ON SEPTEMBER 24, 2018. 5(A) ON DECEMBER 10, 2009 THE FUND PURCHASED A CONSERVATION EASEMENT BURDENING 2,409 ACRES IN SUBLETTE COUNTY, WYOMING. THE FIRST AMENDMENT WAS ON APRIL 5, 2018. AFTER DISCOVERING THAT PERMITTED CONSTRUCTION MISTAKENLY OCCURRED OUTSIDE OF AN EXISTING BUILDING ENVELOPE, THE FUND AND LANDOWNER AGREED TO AMEND THE CONSERVATION EASEMENT TO REVISE AND BETTER DESCRIBE THE BUILDING ENVELOPES WITHOUT INCREASING THE SIZE OF THE BUILDING ENVELOPES. THE AMENDMENT ALSO ADDED ADDITIONAL RIVER SETBACKS TO BUILDING ENVELOPES. 5(B) THE CONSERVATION EASEMENT WAS AMENDED A SECOND TIME ON SEPTEMBER 9, 2018 AFTER A SURVEY ERROR WAS DISCOVERED ON ONE OF THE BUILDING ENVELOPES. THE AMENDMENT CORRECTED THE ERRONEOUS SURVEY AND LEGAL DESCRIPTION.
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 2015.
PART XI, LINE 2D - OTHER ADJUSTMENTS: SCI INCLUDED IN CONSOLIDATED FS 4,972,051. ELIMINATIONS IN CONSOLIDATED FS -2,426,078. ROUNDING TO NEAREST THOUSAND IN FINANCIALS 3,187.
PART XII, LINE 2D - OTHER ADJUSTMENTS: SCI INCLUDED IN CONSOLIDATED FS 1,975,534. ELIMINATIONS IN CONSOLIDATED FS -2,426,078. ROUNDING TO NEAREST THOUSAND IN FINANCIALS 4,757.
SCHEDULE D, PART VIII 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. AS OF DECEMBER 31, 2018, THERE WERE 43 LOANS OUTSTANDING WITH A PRINCIPAL VALUE OF $32.3 MILLION. THE LOANS HAVE VARIOUS INTEREST RATES AND MATURITY DATES, WITH THE LATEST NOTE MATURING IN 12/05/2021. THE AVERAGE OUTSTANDING PRINCIPAL BALANCE OF THE LOANS IN THE FUND'S PORTFOLIO AS OF DECEMBER 31, 2018 WAS $752,000, WITH AN AVERAGE INTEREST RATE OF 3.7%. THE FUND'S LOANS ARE GENERALLY SECURED BY A FIRST LIEN ON THE BORROWER'S ACQUIRED PROPERTY WITH A TERM OF ONE TO THREE YEARS. SOURCES OF LOAN REPAYMENT GENERALLY INCLUDE PHILANTHROPIC DONATIONS TO THE BORROWER AND PROCEEDS FROM STATE OR FEDERAL GRANT FUNDING. THE FUND SEEKS TO MAINTAIN AT LEAST A 5% LOAN LOSS RESERVE. FOR THE YEAR ENDED DECEMBER 31, 2018, THE CONSERVATION LOANS BUSINESS UNIT HAD NO REALIZED LOSSES. MANAGEMENT CONSIDERS ALL NOTES RECEIVABLE TO BE FULLY COLLECTIBLE AND THE NOTES ARE CARRIED AT COST.
Schedule D (Form 990) 2018


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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number
52-1388917
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) A TIME FOR SCIENCE
949 CONTENTNEA LANE
GRIFTON,NC27858 		45-2872683 501 (C)(3) 18,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(2) ABC2
1620 E 10TH ST 125
ROANOKE RAPIDS,NC27870 		80-0948099 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(3) ADDIE'S CHAPEL UNITED METHODIST CHURCH
PO BOX 914
MARION,NC28752 		50-1393798 501 (C)(3) 25,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(4) AHOSKIE UNITED METHODIST CHURCH
77 VILCOM CENTER DRIVE SUITE 340
CHAPEL HILL,NC27514 		56-0890271 501 (C)(3) 14,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(5) ALLENDALE COUNTY ALIVE INC
PO BOX 252
ALLENDALE,SC29810 		58-2399005 501 (C)(3) 20,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(6) AMERICAS FOR THE ARTS INC
1942 BROADWAY SUITE 409
BOULDER,CO80302 		52-1996467 501 (C)(3) 24,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(7) AMEXCAN
PO BOX 2744
GREENVILLE,NC27836 		94-3421627 501 (C)(3) 8,700       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(8) ASSOCIATION OF MEXICANS IN NC INC
PO BOX 2744
GREENVILLE,NC278360744 		84-3431627 501 (C)(3) 25,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(9) ATLANTA REGIONAL COMMISSION
229 PEACHTREE STREET NE SUITE 100
ATLANTA,GA30303 		58-6002324 501 (C)(3) 25,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(10) BLUE RIDGE NATIONAL HERITAGE AREA
195 HEMPHIL KNOB ROAD
ASHEVILLE,NC28803 		20-4714123 501 (C)(3) 9,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(11) BLUE RIDGE WOMEN IN AGRICULTURE
PO BOX 67
BOONE,NC28607 		34-2011588 501 (C)(3) 8,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(12) BON SECOUR COMMUNITY WORKS
9 FULTON STREET
BALTIMORE,MD21223 		52-1732800 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(13) BOONE UMC
471 NEW MARKET BLVD
BOONE,NC28607 		56-0796991 501 (C)(3) 12,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(14) BREAD OF MIGHTY
325 NW 10TH AVE
GAINESVILLE,FL32601 		59-2805577 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(15) BROWNSVILLE WELLNESS COALITION
PO BOX 4587
BROWNVILLE,TX78523 		46-1309221 501 (C)(3) 25,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(16) BRUNSWICK HOUSING OPPORTUNITIES INC
3470 OLD OCEAN HWY
BOLOVIA,NC28422 		26-1290930 501 (C)(3) 25,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(17) BURKE UNITED CHRISTIAN MINISTRIES
305- B WEST UNION
MORGANTON,NC28655 		59-1771449 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(18) CAPITAL ROOTS
594 RIVER STREET
TROY,NY12180 		14-1596292 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(19) CARING FOR MIAMI
8900 SW 168TH STREET
MIAMI,FL33157 		24-4725581 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(20) CASWELL COUNTY LOCAL FOODS COUNCIL
732 SOLOMON ROAD
LEASBURG,NC27291 		47-3406827 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(21) CATAWBA FARM AND FOOD COALITION
2618 BLACK HWY
YORK,SC29745 		27-2015044 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(22) CENTER UNITED METHODIST CHURCH
4141 S PLANK RD
SANFORD,NC27330 		56-1151057 501 (C)(3) 5,350       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(23) CHESAPEAKE ARTS COUNCIL
194 HAMMONDS LANE
BROOKLYN PARK,MD21225 		52-2056995 501 (C)(3) 40,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(24) CITY OF MARION
PO BOX 700
MARION,NC28752 		56-6001607 GOVERNMENTAL UNIT 9,600       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(25) CLARA WHITE MISSION
613 WEST ASHLEY STREET
JACKSONVILLE,FL32202 		59-6002104 501 (C)(3) 20,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(26) CLAY COUNTY COMMUNITIES REVITALIZATION ASSOC
PO BOX 1533
HAYESVILLE,NC28904 		56-2124396 501 (C)(3) 9,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(27) CLEVELAND METROPARKS
4101 FULTON PARKWAY
CLEVELAND,OH44144 		GOVERNMENTAL UNIT 459,575       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(28) COALITION FOR HEALTHIER EATING
PO BOX 30061
GREENVILE,NC27833 		46-5645913 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(29) COHARIE INTRA-TRIBAL COUNCIL INC
7531 N US HWY 421
CLINTON,NC28328 		56-1187928 501 (C)(3) 48,667       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(30) COMMUNITY HOUSING COALITION OF MADISON COUNTY
PO BOX 1166
MARSHALL,NC28753 		11-3660564 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(31) CONCORD UNITED METHODIST CHURCH
4462 EAST GREENSBORO-CHAPEL HILL
ROAD
GRAHAM,NC27253 		81-0645526 501 (C)(3) 15,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(32) CORE SOUND WATERFOWL MUSEUM & HERITAGE CENTER
PO BOX 556
HARKERS ISLAND,NC285310556 		56-1776900 501 (C)(3) 18,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(33) COTTAGE HOUSE INC
47 DOSTER ROAD
ARITON,AL36311 		26-1497108 501 (C)(3) 40,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(34) CSU FOUNDATION
5060 CAMPUS DELIVERY
FORT COLLINS,CO805235060 		23-7098397 501 (C)(3) 11,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(35) DIG IN YANCEY COMMUNITY GARDEN
PO BOX 1095
BURNSVILLE,NC28804 		27-3078971 501 (C)(3) 6,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(36) DIVERSITY NURTURES ACHIEVEMENT
104 REVELLE ROAD
WARSAW,NC28398 		47-2573321 501 (C)(3) 18,520       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(37) DONEGAL TROUT UNLIMITED
809 PINETREE WAY
LANCASTER,PA17601 		23-2932250 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(38) DOWN EAST PATNERSHIP FOR CHILDREN
PO BOX 1245
ROCKY MOUNT,NC27804 		56-1859313 501 (C)(3) 27,500       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(39) ECO ACTION
250 GEORGIA AVE SUITE 309
ATLANTA,GA30312 		58-1854834 501 (C)(3) 7,500       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(40) EDENTON FARMERS MARKET
PO BOX 754
EDENTON,NC27932 		46-1826969 501 (C)(3) 8,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(41) EKVNC-YEFOLECVLKE
PO BOX 148
WEOGUFKA,AL35183 		81-2293314 501 (C)(3) 15,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(42) ELLERBE CREEK WATERSHED ASSOCIATION
PO BOX 2679
DURHAM,NC27715 		56-2123874 501 (C)(3) 72,250       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(43) EPISCOPAL DIOCESE OF EAST CAROLINA
PO BOX 1336
KINSTON,NC28503 		56-0552784 501 (C)(3) 25,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(44) EVANGEL SPIRITUAL TEMPLE
8448 FLORA AVE
KANSAS MO,MO64130 		43-1790322 501 (C)(3) 8,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(45) FAITHBRIDGE UMC BLOWING ROCK
194 AHO ROAD
BLOWING ROCK,NC28605 		27-3153190 501 (C)(3) 12,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(46) FARMWORKER ASSOCIATION OF FLORIDA
1264 APOPKA BOULEVARD
APOPKA,FL32703 		59-2683978 501 (C)(3) 22,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(47) FEED SEVEN GENERATIONS
28030 SE 440TH STREET
ENUMCLAW,WA98022 		82-2874353 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(48) FEEDING THE GULF COAST
5248 MOBILE SOUTH STREET
THEODORE,AL86582 		63-0821997 501 (C)(3) 7,500       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(49) FIRST UMC ASHEBORO
224 N FAYETTEVILLE ST
ASHEBORO,NC27203 		56-0582026 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(50) FIRST UMC HICKORY
311 3RD AVE NE
HICKORY,NC28601 		41-2179327 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(51) FRANKLINTON FARMS
867 W TOWN ST
COLUMBUS,OH43222 		45-4023198 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(52) FREESTORE FOOD BANK
1141 CENTRAL PARKWAY
CINCINNATI,OH45202 		23-7122205 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(53) FRIENDS FOR A BETTER WAKE COUNTY
5530 MUNFORD RD STE 105
RALEIGH,NC27612 		58-1563133 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(54) FRIENDSHIP UNITED METHODIST CHURCH
703 BURKE STREET
CONNELLY SPRINGS,NC28612 		86-1087297 501 (C)(3) 14,200       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(55) GEORGIA OUTDOOR STEWARDSHIP COALITION
100 PEACHTREE ST NW SUITE 2250
ATLANTA,GA30303 		82-2319545 501 (C)(3) 50,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(56) GRAND PRAIRIE FRIENDS
PO BOX 36
URBANA,IL61803 		37-1159051 501 (C)(3) 86,560       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(57) GREATER BAYBROOK ALLIANCE
3430 SECOND STREET
BALTIMORE,MD21225 		82-5509289 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(58) GREATER CURRIE COMMUNITY ACTION GROUP
PO BOX 123
CURRIE,NC28435 		45-5192875 501 (C)(3) 25,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(59) GREEN COUNTY PARKS AND RECREATION
106 SW HINES ST A
SNOW HILL,NC28580 		56-6000304 GOVERNMENTAL UNIT 7,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(60) GREEN RURAL REDEVELOPMENT ORGANIZATION
424 HAMILTON ST
HENDERSON,NC28536 		47-2429180 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(61) GREENSGROW
2501 E CUMBERLAND STREET
PHILADELPHIA,PA19125 		23-2989249 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(62) GROW OHIO VALLEY
1006 GRANDVIEW STREET
WHEELING,WV26003 		32-0293018 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(63) GROWING CHANGE
PO BOX 28
MAXTON,NC28364 		46-3148758 501 (C)(3) 32,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(64) HEALTHY SCHOOLS CAMPAIGN
175 N FRANKLIN ST SUITE300
CHICAGO,IL60606 		36-4308068 501 (C)(3) 75,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(65) HEARTLAND CONSERVATION ALLIANCE
4750 TROOST AVENUE
KANSAS CITY,MO64112 		35-2434953 501 (C)(3) 15,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(66) HICKORY STAND UNITED METHODIST CHURCH
PO BOX 136
BRASSTOWN,NC28902 		30-0297292 501 (C)(3) 15,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(67) HOCKING HILLS CHAMBER OF COMMERCE
PO BOX 630
LOGAN,OH43138 		31-4419667 501 (C)(3) 7,500       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(68) IDAHO CONSERVATION LEAGUE
PO BOX 844
BOISE,ID83701 		82-6042478 501 (C)(3) 14,375       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(69) JERSEY CITY DEPARTMENT OF HEALTH & HUMAN SERVICES
199 SUMMIT AVE UNIT F
JERSEY CITY,NJ07304 		22-6002013 GOVERNMENTAL UNIT 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(70) KOKUA KALIHI COMPREHENSIVE FAMILY SERVICES
2239 NORTH SCHOOL STREET
HONOLULU,HI96819 		99-0149797 501 (C)(3) 20,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(71) LAGRANGE COUNTY DEPT OF PARKS AND RECREATION
0505W 700 SOUTH
WOLCOTTVILLE,IN46795 		37-7902693 GOVERNMENTAL UNIT 72,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(72) LAKE COUNTY PARKS
8411 E LINCOLN HWY
CROWN POINT,IN46307 		35-6001687 GOVERNMENTAL UNIT 300,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(73) LAND TRUST ALLIANCE
PO BOX 33355
RALEIGH,NC276363355 		04-2751357 501 (C)(3) 18,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(74) LINCOLN HEIGHT COMMUNITY CENTER
34 LINCOLN STREET
ROANOKE RAPIDS,NC27870 		56-1961894 501 (C)(3) 8,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(75) LITTLE WASHINGTON GROWING GROUP
805 WESTVIEW COURT
GOLDSBORO,NC27530 		81-1447342 501 (C)(3) 7,500       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(76) LUMBEE TRIBE OF NC
PO BOX 2709
PEMBROKE,NC28372 		84-1704531 501 (C)(3) 26,667       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(77) MAINE COAST HERITAGE TRUST
1 BOWDOIN MILL ISLANDSUITE 201
TOPSHAM,ME04086 		23-7099105 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(78) MANNA RESOURCES
3507 NC HWY 125
HOBGOOD,NC27843 		81-4010523 501 (C)(3) 7,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(79) MARLBOROUGH COMMUNITY COALITION
1809 E 80TH STREET
KANSAS CITY,MO64132 		27-0912336 501 (C)(3) 20,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(80) MEN AND WOMEN UNITED FOR YOUTH AND FAMILIES CDC
PO BOX 315
DELCO,NC28436 		16-1770367 501 (C)(3) 37,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(81) MILLCREEK PRESERVATION ASSOCIATION
PO BOX 300
BIRDINHAND,PA17505 		20-1623132 501 (C)(3) 175,600       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(82) MINERAL SPRINGS IMPROVEMENT COUNCIL INC
PO BOX 545
ELLERBE,NC28338 		56-1769642 501 (C)(3) 9,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(83) MISSOURI PRAIRIE FOUNDATION
PO BOX 200
COLUMBIA,MO65205 		23-7120753 501 (C)(3) 16,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(84) MURFREESBORO UMC
301 E HIGH ST
MURFREESBORO,NC27855 		56-6085522 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(85) MURRAY ARTS COUNCIL
PO BOX 983
CHATSWORTH,GA30705 		46-1362377 501 (C)(3) 6,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(86) NASH COMMUNITY COLLEGE
522 NORTH OLD CARRIAGE ROAD
ROCKY MOUNT,NC27804 		56-0895794 501 (C)(3) 30,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(87) NATIONAL AUDUBON SOCIETY
162 WEST 56TH STREETSUITE 405
NEW YORK,NY10019 		13-1624102 501 (C)(3) 15,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(88) NATIONAL PARK FOUNDATION
1201 EYE STREET NW
WASHINGTON,DC20005 		52-1086761 501 (C)(3) 25,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(89) NATURAL LAND INSTITUTE
320 SOUTH 3RD STREET
ROCKFORD,IL61104 		36-2478025 501 (C)(3) 162,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(90) NC FIELD INC
313 NORTH KING STREET
KINSTON,NC28501 		27-4618713 501 (C)(3) 8,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(91) NEW MEXICO LAND CONSERVANCY
PO BOX 6759
SANT FE,NM87502 		06-1648104 501 (C)(3) 6,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(92) NORTH CAROLINA STATE UNIVERSITY
2701 SULLIVAN DRIVE SUITE 240
RALEIGH,NC27695 		56-6000756 501 (C)(3) 40,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(93) NORTHAMPTON SURVIVAL CENTER
265 PROSPECT STREET
NORTHAMPTON,MA01060 		04-2774166 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(94) OAK HILL UMC
2239 NC 181
MORGANTON,NC28655 		56-1276220 501 (C)(3) 15,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(95) OPERATION VEGGIE BOX
PO BOX 114
ARAPAHOE,NC28510 		47-5173327 501 (C)(3) 6,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(96) OZARK REGIONAL LAND
PO BOX 1512
COLUMBIA,MO65205 		43-1304715 501 (C)(3) 50,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(97) PARK PRIDE INC
233 PEACHTREE STREETSUITE 1600
ATLANTA,GA30303 		58-1883895 501 (C)(3) 31,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(98) PARTNERS ALIGNED TOWARD HEALTH
202 MEDICAL CAMPUS DR
BURNSVILLE,NC28714 		56-2063898 501 (C)(3) 12,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(99) PATHFINDER VILLAGE
3 CHENANGO ROAD
EDMESTON,NY133352314 		15-0618744 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(100) PELETAH MINISTRIES
PO BOX 14253
NEW BERN,NC28561 		61-1662965 501 (C)(3) 35,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(101) PENNSYLVANIA LAND TRUST ASSO
119 PINE STREET FIRST FLOOR
HARRISBURG,PA17101 		23-2789029 501 (C)(3) 6,850       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(102) PIEDMONT LAND CONSERVANCY
PO BOX 4025
GREENSBORO,NC27404 		56-1704433 501 (C)(3) 235,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(103) PIERVIEW COMMUNITY INNOVATIONS INC
PO BOX 313
MANSON,NC27553 		56-2234460 501 (C)(3) 9,145       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(104) POGO PARK
2604 ROOSEVELT AVE
RICHMOND,CA94804 		32-0318691 501 (C)(3) 47,647       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(105) PRAIRIE LAND CONSERVANCY
321 UNIVERSITY DRIVE
MACOMB,IL61455 		37-1206873 501 (C)(3) 50,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(106) PROJECT MOMENTUM INC
107 SE MAIN STREET SUITE 410
ROCKY MOUNT,NC27801 		20-3733548 501 (C)(3) 20,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(107) ROBBINSVILLE UNITED METHODIST CHURCH
249 WEST FORT HILL RD
ROBINSVILLE,NC28733 		56-0940986 501 (C)(3) 11,500       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(108) SHADY GROVE UNITED METHODIST CHURCH
1781 SHADY GROVE ROAD
PROVIDENCE,NC27315 		23-7449895 501 (C)(3) 15,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(109) SOCIETY OF ST ANDREW
PO BOX 25081
DURHAM,NC27702 		54-1285793 501 (C)(3) 27,500       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(110) SOLID ROCK UMC
2297 NC HWY 24
CAMERON,NC28326 		56-2123338 501 (C)(3) 15,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(111) SOUTHERN APPALACHIAN RAPTOR RESEARCH
PO BOX 305
MARS HILL,NC28754 		30-0442737 501 (C)(3) 9,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(112) SPRINGS HOLISTIC CENTER INC
425 S CHESTNUT STREET
HENDERSON,NC27536 		81-3741458 501 (C)(3) 7,535       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(113) ST TIMOTHY'S UMC
1020 ASHEVILLE HIGHWAY
BREVARD,NC28712 		56-0890271 501 (C)(3) 8,835       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(114) STATE OF MICHIGAN MICHIGAN DEPARTEMENT OF NATURAL RES
PO BOX 30451
LANSING,MI489097951 		59-1742909 GOVERNMENTAL UNIT 100,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(115) STATE OF NORTH CAROLINA CO STATE PROPERTY OFFICE 1
321 MAIL SERVICE CENTER
RALEIGH,NC27669 		GOVERNMENTAL UNIT   900,000 APPRAISAL CONSERVATION LAND CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(116) TAMPA METRO AREA YMCA
110 E OAK AVE
TAMPA,FL33602 		59-1742909 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(117) THE ALASKA CENTER
921 W 6TH AVE SUITE 200
ANCHORAGE,AK99501 		92-0090065 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(118) THE NATURE CONSERVANCY
10425 SOUTH 82ND EAST AVENUE SUITE
104
TULSA,OK74133 		53-0242652 501 (C)(3) 37,110       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(119) THE STATE OF DELAWARE DEPARTMENT OF NATURAL RESOURCES AND ENVIRONMENTAL CON
89 KINGS HIGHWAY
DOVER,DE20240 		GOVERNMENTAL UNIT   315,000 APPRAISAL CONSERVATION LAND CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(120) THE STOREHOUSE PROJECT
192 MEADOW STREET
MILFORD,CT06461 		46-4513921 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(121) THE UNDERGROUND CONSERVANCY
1240 WEST COUGAR LANE
FLAGSTAFF,AZ86303 		81-2777031 501 (C)(3) 25,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(122) TILLERY SPECTRUM CONNECTION
PO BOX 146
TILLERY,NC27887 		47-2393353 501 (C)(3) 8,500       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(123) TOWN OF GARYSBURG
PO BOX 278
GARYSBURG,NC27831 		56-6197856 GOVERNMENTAL UNIT 8,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(124) TOWNCREEK VISION CORPORATION
215 SUNNYBROOK WAY SE
LELAND,NC28451 		56-1791574 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(125) TRACY CITY
50 MAIN STREET
TRACY CITY,TN37387 		62-0648955 GOVERNMENTAL UNIT 7,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(126) TREASURER' S OFFICE UNIVERSITY OF ARKANSAS
PO BOX 1404
FAYETTEVILLE,AR72702 		71-6003252 GOVERNMENTAL UNIT 6,212       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(127) TREASURER STATE OF NEW HAMPSHIRE
107 PLEASANT STREET 3RD FLOOR
CONCORD,NH03301 		GOVERNMENTAL UNIT 62,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(128) US FISH AND WILDLIFE SERVICE NATIONAL WILDLIFE REFUGE SYSTEM
POST OFFICE BOX 1306 500 GOLD AVE
SW SUITE 4320
ALBUQUERQUE,NM87103 		GOVERNMENTAL UNIT   550,043 APPRAISAL CONSERVATION LAND CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(129) UNC SCHOOL OF GOVERNMENT
CB3330 KNAPP- SANDERS BLDG
CHAPEL HILL,NC275993330 		56-1966429 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(130) UNITED STATES OF AMERICA DEPARTMENT OF THE INTERIOR NATIONAL PARK SERVICE
1849 C ST NW
WASHINGTON,DC20240 		GOVERNMENTAL UNIT   4,812,000 APPRAISAL CONSERVATION LAND CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(131) UNITY IN THE COMMUNITY
5620 PEAS RIDGE RD
RUTHERFORDTON,NC28139 		61-1765021 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(132) USDA FS
1400 INDEPENDENCE AVE SW
WASHINGTON,DC20250 		GOVERNMENTAL UNIT 403,086       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(133) VALLEY VERDE
376 WEST VIRGINIA
ST SAN JOSE,CA95125 		45-3084814 501 (C)(3) 22,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(134) WACCAMAW SIOUAN TRIBE
PO BOX 69
BOLTON,NC28423 		59-1739024 501 (C)(3) 26,667       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(135) WARREN PLAINS UNITED METHODIST CHURCH
1316 WARREN PLAINS ROAD
WARRENTON,NC27589 		36-2167731 501 (C)(3) 15,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(136) WASH AWAY UNEMPLOYMENT
PO BOX 12274
NEW BERN,NC28561 		27-2192978 501 (C)(3) 35,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(137) WAYNE COUNTY FARMERS COOPERATIVE INC
7336 TWELVEPOLE CREEK ROAD
DUNLOW,WV25511 		81-1889218 501 (C)(3) 22,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(138) WEST ATLANTA WATERSHED ALLIANCE
PO BOX 10883
ATLANTA,GA30310 		20-0890449 501 (C)(3) 20,600       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(139) WINGATE UNITED METHODIST CHURCH
PO BOX 376
WINGATE,NC28174 		56-1396204 501 (C)(3) 13,610       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(140) WOOD RIVER LAND TRUST
119 E BULLION STREET
HAILEY,ID83333 		22-0474191 501 (C)(3) 14,375       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(141) WORKING LANDS TRUST INC
1600 GLENWOOD AVE
RALEIGH NC,NC27608 		46-2913344 501 (C)(3) 125,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(142) WYOMING STOCK GROWERS LAND TRUST
113 EAST 20TH STREET
CHEYENNE,WY82001 		83-6047954 501 (C)(3)   1,445,000 APPRAISAL CONSERVATION LAND CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(143) YMCA OF KINGSTON & ULSTER COUNTY
185 SOUTH FRENCH BROAD AVENUE
ASHEVILLE,NC28801 		14-1338342 501 (C)(3) 10,000       CONSERVATION OF NATURAL RESOURCES; SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
143
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
0
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2018

Schedule I (Form 990) 2018
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
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.
Schedule I (Form 990) 2018



Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number

52-1388917
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
 
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2018

Schedule J (Form 990) 2018
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1LAWRENCE A SELZER
CEO & PRESIDENT 		(i)

(ii)		 390,784
-------------
0 		167,500
-------------
0 		7,244
-------------
0 		27,500
-------------
0 		37,214
-------------
0 		630,242
-------------
0 		0
-------------
0
2DEAN H CANNON
EVP & GENERAL COUNSEL 		(i)

(ii)		 255,100
-------------
0 		100,000
-------------
0 		1,650
-------------
0 		25,750
-------------
0 		4,092
-------------
0 		386,592
-------------
0 		0
-------------
0
3RICHARD ERDMANN
EVP 		(i)

(ii)		 146,053
-------------
0 		98,400
-------------
0 		5,150
-------------
0 		15,836
-------------
0 		34,063
-------------
0 		299,502
-------------
0 		0
-------------
0
4JOHN S GILBERT
EVP & CFO 		(i)

(ii)		 243,283
-------------
0 		25,000
-------------
0 		1,075
-------------
0 		1,842
-------------
0 		25,937
-------------
0 		297,137
-------------
0 		0
-------------
0
5MARK W ELSBREE
SVP CONSERVATION ACQUISITION 		(i)

(ii)		 189,293
-------------
0 		50,500
-------------
0 		575
-------------
0 		20,220
-------------
0 		33,046
-------------
0 		293,634
-------------
0 		0
-------------
0
6ROBERT D MURPHY
SVP MARKETING & COMMUNICATIONS 		(i)

(ii)		 209,333
-------------
0 		40,700
-------------
0 		3,175
-------------
0 		22,020
-------------
0 		33,236
-------------
0 		308,464
-------------
0 		0
-------------
0
7BLAINE T PHILLIPS JR
SVP CONSERVATION ACQUISTION 		(i)

(ii)		 188,683
-------------
0 		53,300
-------------
0 		1,075
-------------
0 		20,220
-------------
0 		33,656
-------------
0 		296,934
-------------
0 		0
-------------
0
8MATTHEW S SEXTON
SVP CONSERVATION ACQUISTION 		(i)

(ii)		 191,093
-------------
0 		52,400
-------------
0 		375
-------------
0 		20,220
-------------
0 		31,006
-------------
0 		295,094
-------------
0 		0
-------------
0
9EVAN H SMITH
SVP CONSERVATION VENTURES 		(i)

(ii)		 189,774
-------------
0 		44,500
-------------
0 		375
-------------
0 		19,260
-------------
0 		14,885
-------------
0 		268,794
-------------
0 		0
-------------
0
10WILLIAM L ALLEN III
VP CONSERVATION SERVICES 		(i)

(ii)		 132,553
-------------
0 		23,800
-------------
0 		375
-------------
0 		14,450
-------------
0 		30,589
-------------
0 		201,767
-------------
0 		0
-------------
0
11ALISA E BORLAND
VP DEVELOPMENT 		(i)

(ii)		 150,533
-------------
0 		22,400
-------------
0 		375
-------------
0 		16,140
-------------
0 		30,711
-------------
0 		220,159
-------------
0 		0
-------------
0
12BRIAN J DANGLER
VP DIRECTOR WORKING FOREST FUND 		(i)

(ii)		 149,033
-------------
0 		40,500
-------------
0 		575
-------------
0 		16,050
-------------
0 		30,705
-------------
0 		236,863
-------------
0 		0
-------------
0
13THOMAS R DUFFUS
SVP CONSERVATION ACQUISTION 		(i)

(ii)		 147,833
-------------
0 		24,900
-------------
0 		1,075
-------------
0 		16,050
-------------
0 		30,705
-------------
0 		220,563
-------------
0 		0
-------------
0
14JOSEPH HANKINS
VP 		(i)

(ii)		 180,306
-------------
0 		34,000
-------------
0 		1,584
-------------
0 		18,460
-------------
0 		12,481
-------------
0 		246,831
-------------
0 		0
-------------
0
15JENA C MEREDITH
VP BUSINESS PARTNERSHIPS 		(i)

(ii)		 122,323
-------------
0 		26,500
-------------
0 		11,560
-------------
0 		14,450
-------------
0 		30,589
-------------
0 		205,422
-------------
0 		0
-------------
0
16ERIK MEYERS
VP CLIMATE AND WATER SUSTAINABILITY 		(i)

(ii)		 191,320
-------------
0 		37,400
-------------
0 		3,175
-------------
0 		19,255
-------------
0 		12,008
-------------
0 		263,158
-------------
0 		0
-------------
0
17JODI R O'DAY
VP DEPUTY GENERAL COUNSEL & ASSISTAN 		(i)

(ii)		 192,925
-------------
0 		44,900
-------------
0 		1,650
-------------
0 		19,510
-------------
0 		12,557
-------------
0 		271,542
-------------
0 		0
-------------
0
18KELLY M REED
VP GOVERNMENT RELATIONS 		(i)

(ii)		 159,320
-------------
0 		34,000
-------------
0 		250
-------------
0 		16,055
-------------
0 		11,596
-------------
0 		221,221
-------------
0 		0
-------------
0
19MICHELE J SAGER
VP RESOURCEFUL COMMUNITIES 		(i)

(ii)		 166,405
-------------
0 		26,500
-------------
0 		3,175
-------------
0 		16,850
-------------
0 		13,221
-------------
0 		226,151
-------------
0 		0
-------------
0
20GATES M WATSON
VP CONSERVATION ACQUISITION 		(i)

(ii)		 133,633
-------------
0 		22,500
-------------
0 		375
-------------
0 		14,450
-------------
0 		29,861
-------------
0 		200,819
-------------
0 		0
-------------
0
21MARGARET A MCCANTS
SECRETARY 		(i)

(ii)		 113,196
-------------
0 		19,200
-------------
0 		223
-------------
0 		11,500
-------------
0 		14,078
-------------
0 		158,197
-------------
0 		0
-------------
0
22ELIZABETH G ENGLE
DEPUTY GENERAL COUNSEL & ASSISTANT S 		(i)

(ii)		 159,133
-------------
0 		28,800
-------------
0 		375
-------------
0 		17,000
-------------
0 		30,773
-------------
0 		236,081
-------------
0 		0
-------------
0
23PAUL F HURT
DEPUTY GENERAL COUNSEL & ASSISTANT S 		(i)

(ii)		 181,455
-------------
0 		44,800
-------------
0 		3,175
-------------
0 		19,240
-------------
0 		29,550
-------------
0 		278,220
-------------
0 		0
-------------
0
24SCOTT M TISON
ASSISTANT SECRETARY 		(i)

(ii)		 122,905
-------------
0 		16,500
-------------
0 		221
-------------
0 		12,500
-------------
0 		16,506
-------------
0 		168,632
-------------
0 		0
-------------
0
25CHRISTOPHER R KELLY
CALIFORNIA PROGRAM DIRECTOR 		(i)

(ii)		 162,333
-------------
0 		26,200
-------------
0 		1,650
-------------
0 		17,320
-------------
0 		30,796
-------------
0 		238,299
-------------
0 		0
-------------
0
26PATRICK F NOONAN
CHAIRMAN EMERITUS 		(i)

(ii)		 170,613
-------------
0 		19,420
-------------
0 		5,356
-------------
0 		18,148
-------------
0 		30,848
-------------
0 		244,385
-------------
0 		0
-------------
0
27MICHAEL FORD
NEVADA AND SOUTHWEST DIRECTOR 		(i)

(ii)		 154,000
-------------
0 		30,000
-------------
0 		3,175
-------------
0 		0
-------------
0 		0
-------------
0 		187,175
-------------
0 		0
-------------
0
28BRIAN J VINCI
DIRECTOR, FRESHWATER INSTITUTE 		(i)

(ii)		 152,095
-------------
0 		27,400
-------------
0 		575
-------------
0 		15,375
-------------
0 		12,339
-------------
0 		207,784
-------------
0 		0
-------------
0
29ROBERTA ZWIER
DIRECTOR, MITIGATION SOLUTIONS 		(i)

(ii)		 162,700
-------------
0 		15,800
-------------
0 		375
-------------
0 		16,270
-------------
0 		1,307
-------------
0 		196,452
-------------
0 		0
-------------
0
Schedule J (Form 990) 2018

Schedule J (Form 990) 2018
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 4B THE FUND MAINTAINS A NONQUALIFIED PLAN UNDER WHICH 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.
SCHEDULE J, PART I, LINE 3 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.
Schedule J (Form 990) 2018
Additional Data


Software ID:  
Software Version:  
SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large imageComplete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large imageGo to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number

52-1388917
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 43 383,155 SALE PRICE
10 Securities—Closely held stock . X 2 1,486,788 FMV
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		X 2 394,250 APPRAISAL
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ... X 40 13,318,360 APPRAISAL
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( )
26 Other Right pointing arrow large image ( )
27 Other Right pointing arrow large image ( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
19
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which is not required to be used for exempt purposes for the entire holding period? ...................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2018)
Schedule M (Form 990) (2018)
Page 2
Part II
Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
Schedule M (Form 990) (2018)

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number

52-1388917
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 4 THE CONSERVATION FUND'S BYLAWS WERE AMENDED (RESTATED AND REPLACED) TO COMBINE THE AUDIT COMMITTEE AND THE FINANCE COMMITTEE INTO ONE COMMITTEE AND TO CLARIFY THE NUMBER OF VOTING DIRECTORS, RE-ELECTION OF ELIGIBLE DIRECTORS, OFFICER TITLES, AND PROCESS OF APPOINTMENT TO COMMITTEES. COMMITTEE ROLES AND RESPONSIBILITIES: THE DIRECTORS REVIEWED AND APPROVED VARIOUS CHANGES TO THE COMMITTEE ROLES AND RESPONSIBILITIES THROUGH THE ADOPTION OF NEW COMMITTEE CHARTERS (BOARD OF DIRECTORS: AUDIT AND FINANCE COMMITTEE CHARTER; BOARD OF DIRECTORS: GOVERNANCE COMMITTEE CHARTER). THE GOVERNANCE COMMITTEE CHARTER WAS SUBSEQUENTLY AMENDED AGAIN ON DECEMBER 11, 2018.
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 SHOWN 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 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 HE/SHE HAS READ THE POLICY AND UNDERSTANDS HIS/HER DUTIES UNDER IT.
FORM 990, PART VI, SECTION B, LINE 15 THE FUND USES AN OUTSIDE THIRD PARTY COMPENSATION STUDY TO EVALUATE COMPENSATION LEVELS FOR ITS CEO/PRESIDENT AND KEY OFFICERS EVERY THREE TO FOUR YEARS. THE FUND'S GOVERNANCE COMMITTEE APPROVES COMPENSATION AMOUNTS FOR THE CEO/PRESIDENT INDIVIDUALLY AND FOR THE CORPORATE OFFICERS AS A GROUP.
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 XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.
FORM 990, PART XI, LINE 8 THE PRIOR PERIOD ADJUSTMENT OF $(37,285,915) WAS DUE TO THE FOLLOWING: 1) CHANGE IN ACCOUNTING PRINCIPLE THE FUND CHANGED ITS METHOD OF VALUING CONSERVATION LAND ACQUIRED AT ACQUISITION COST, WHEREAS IN ALL PRIOR YEARS CONSERVATION LAND ACQUIRED BY PURCHASE WAS RECORDED AT ITS APPRAISED VALUE WHEN ACQUIRED. THE NEW METHOD OF ACCOUNTING FOR CONSERVATION LAND WAS ADOPTED TO PROVIDE A MORE ACCURATE REPRESENTATION OF CONSERVATION LAND ACQUIRED FOR RESALE AND THE CONSIDERATION THE FUND WOULD RECEIVE UPON SALE OR TRANSFER OF CONSERVATION LAND TO THIRD PARTIES. THE IMPACT OF THE CHANGE IN ACCOUNTING PRINCIPLE RESULTED IN A REDUCTION TO THE BEGINNING NET ASSETS AND CONSERVATION LAND IN THE AMOUNT OF $16,499,000. 2) CORRECTIONS OF ERRORS THE FUND IDENTIFIED AND CORRECTED ERRORS REPORTED IN 2017 AND PRIOR PERIODS TOTALING $20,786,915. THIS INCLUDED $4.9 MILLION OF ADJUSTMENTS TO REAL ESTATE ACCOUNT BALANCES AND OTHER CHANGES TO DEFERRED REVENUE BALANCES . SEE NOTE 16 OF THE RESTATED 2017 AUDITED FINANCIAL STATEMENT.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number

52-1388917
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) SHELTERWOOD HOLDINGS I LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 292,862 14,350,000 THE CONSERVATION FUND
 
(2) SHELTERWOOD HOLDINGS II LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 106,572 5,121,200 THE CONSERVATION FUND
 
(3) WAPITI WOODS LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 77,599 10,053,159 THE CONSERVATION FUND
 
(4) BLY HOLLOW LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 487,508 25,450,000 THE CONSERVATION FUND
 
(5) BRANDYWINE BEAVER VALLEY LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 0 0 THE CONSERVATION FUND
 
(6) TCF SABINE RANCH HUNT CLUB LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 0 0 THE CONSERVATION FUND
 
(7) GOTHAM WOODS LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 281,998 15,272,000 THE CONSERVATION FUND
 
(8) CLARION JUNCTION LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 1,863,523 68,781,186 THE CONSERVATION FUND
 
Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)NATURAL CAPITAL INVESTMENT FUND
1098 TURNER ROAD

SHEPHERDSTOWN,WV25443
54-2058754 		SMALL BUSINESS LENDING MD 501(C)(3) LINE 12A, I THE CONSERVATION FUND
 
Yes
 
(2)SUSTAINABLE CONSERVATION INC
1655 N FORT MYER DR SUITE 1300

ARLINGTON,VA22209
62-1586798 		CONSERVATION REAL ESTATE OWNERSHIP MD 501(C)(3) LINE 12A, I THE CONSERVATION FUND
 
Yes
 










For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No












Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
 
No
c Gift, grant, or capital contribution from related organization(s) ............................
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
Yes
 
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
No
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) NATURAL CAPITAL INVESTMENT FUND

 A 100,000 GAAP
(2) NATURAL CAPITAL INVESTMENT FUND

 L 1,742,728 GAAP
(3) SUSTAINABLE CONSERVATION INC

 C 2,426,078 GAAP
(4) SUSTAINABLE CONSERVATION INC

 E 298,220 GAAP


Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2018

Additional Data


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