Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
LINDEN TRUST FOR CONSERVATION
 
Number and street (or P.O. box number if mail is not delivered to street address)156 WEST 56TH STREET NO 1100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100193879
A Employer identification number

13-3748063
B Telephone number (see instructions)

(212) 991-3730
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$23,988,522J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 6,225,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,422 3,422 3,422
4 Dividends and interest from securities... 309,243 309,243 309,243
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 282,675
b Gross sales price for all assets on line 6a 3,390,588
7 Capital gain net income (from Part IV, line 2)... 282,675
8 Net short-term capital gain......... 120,723
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 80,647 -321 80,647
12 Total. Add lines 1 through 11........ 6,900,987 595,019 514,035
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 560,985 28,049 51,742 509,243
14 Other employee salaries and wages...... 350,734 6,012 19,948 330,786
15 Pension plans, employee benefits....... 260,238 7,880 18,493 240,187
16a Legal fees (attach schedule)......... Click to see attachment 47,260 0 0 47,260
b Accounting fees (attach schedule)....... Click to see attachment 50,415 0 0 69,073
c Other professional fees (attach schedule).... Click to see attachment 1,016,231 62,846 62,846 879,029
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,750 210 210 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 249,951 9,423 38,236 283,161
21 Travel, conferences, and meetings....... 21,066 0 0 39,394
22 Printing and publications.......... 19,105 726 726 18,553
23 Other expenses (attach schedule)....... Click to see attachment 370,389 25,348 29,261 43,924
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,953,124 140,494 221,462 2,460,610
25 Contributions, gifts, grants paid....... 1,522,177 4,222,177
26 Total expenses and disbursements. Add lines 24 and 25 4,475,301 140,494 221,462 6,682,787
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,425,686
b Net investment income (if negative, enter -0-) 454,525
c Adjusted net income (if negative, enter -0-)... 292,573
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 420,318 203,941 203,941
2 Savings and temporary cash investments......... 1,416,965 2,621,881 2,621,881
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable................. 6,058,822 6,554,819 6,554,819
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 40,882 72,626 72,626
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,187,918 Click to see attachment1,530,930 1,530,930
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,060,435 Click to see attachment13,004,325 13,004,325
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,185,340 23,988,522 23,988,522
Liabilities 17 Accounts payable and accrued expenses.......... 181,489 183,100
18 Grants payable................. 7,145,986 4,586,596
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment53,590 Click to see attachment91,122
23 Total liabilities (add lines 17 through 22)......... 7,381,065 4,860,818
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 9,770,664 12,147,412
25 Net assets with donor restrictions............ 6,033,611 6,980,292
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 15,804,275 19,127,704
30 Total liabilities and net assets/fund balances (see instructions). 23,185,340 23,988,522
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
15,804,275
2
Enter amount from Part I, line 27a .....................
2
2,425,686
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,058,653
4
Add lines 1, 2, and 3 ..........................
4
19,288,614
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
160,910
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
19,127,704
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES (SHORT-TERM)      
b PUBLICLY TRADED SECURITIES (LONG-TERM)      
c THRU SCHEDULE K-1'S (SHORT-TERM) P    
d THRU SCHEDULE K-1'S (LONG-TERM) P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 654,805   565,754 89,051
b 2,735,783   2,684,874 50,909
c       31,672
d       111,043
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       89,051
b       50,909
c       31,672
d       111,043
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 282,675
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 120,723
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 6,318
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 6,318
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,318
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 24,119
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,119
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 17,801
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet17,801 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletIGOR GOLDENBERG Telephone no.bullet (212) 991-3730

    Located atbullet156 WEST 56TH STREET NO 1100NEW YORKNY ZIP+4bullet100193879
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    LAWRENCE H LINDEN TRUSTEE
    40.00     		0 0 0
    156 WEST 56TH ST SUITE 1100
    NEW YORK,NY100193879
    DANA WECHSLER LINDEN TRUSTEE
    1.00     		0 0 0
    156 WEST 56TH ST SUITE 1100
    NEW YORK,NY100193879
    ROGER T ULLMAN EXECUTIVE DIRECTOR
    40.00     		560,985 94,183 0
    156 WEST 56TH ST SUITE 1100
    NEW YORK,NY100193879
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    GWENDOLYN P VIRGILE EXECUTIVE ASSISTANT
    40.00     		75,410 46,218 0
    156 W 56TH ST STE 1100
    NY,NY100193879
    IGOR GOLDENBERG DIRECTOR OF FINANCE
    24.00     		95,700 13,152 0
    156 W 56TH ST STE 1100
    NY,NY100193879
    RYAN L PRICE PROGRAM ASSOCIATE
    40.00     		72,291 16,985 0
    156 W 56TH ST STE 1100
    NY,NY100193879
    ANNA C GIORGI PROGRAM ASSOCIATE
    40.00     		65,423 22,077 0
    156 W 56TH ST STE 1100
    NY,NY100193879
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    SPITFIRE STRATEGIES STRATEGIC COMMUNICATION PLANNING 303,350
    2300 N STREET NW SUITE 610
    WASHINGTON,DC200371122
    RHODIUM GROUP US CLIMATE ANALYSIS SERVICES 254,075
    5 COLUMBUS CIRCLE SUITE 1801
    NEW YORK,NY100191471
    CASSIDY & ASSOCIATES NON-LOBBYING SERVICES 115,000
    607 14TH STREET SUITE 400
    WASHINGTON,DC200052073
    PKF O'CONNOR DAVIES LLP FINANCIAL STATEMENT AUDIT, TAX AND CONSULTING 68,415
    500 MAMARONECK AVENUE
    HARRISON,NY105281633
    DISTRICT ECONOMIC GROUP PROGRAM PLANNING 66,000
    101 CONSTITUTION AVE NW SUITE 675
    WASHINGTON,DC200012133
    Total number of others receiving over $50,000 for professional services.............bullet3
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 CLIMATE POLICY INITIATIVES: SEEKS TO (1) ENCOURAGE THE ADOPTION OF AN ECONOMY-WIDE, MARKET-BASED SOLUTION TO ADDRESS THE CHALLENGE OF CLIMATE CHANGE AND ADVANCE A CLEAN-ENERGY ECONOMY, AND (2) GAIN THE INCLUSION OF CARBON DIOXIDE REMOVAL, ONE OF THE MAJOR NECESSARY COMPONENTS OF A GLOBAL CLIMATE SOLUTION, IN U.S. CLIMATE POLICY. 2,258,345
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,858,054
    b
    Average of monthly cash balances.......................
    1b
    975,624
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,833,678
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    14,833,678
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    222,505
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,611,173
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    730,559
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    6,682,787
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    6,682,787
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,682,787
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
    2015-03-20
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    292,573 319,714 430,360 975,337 2,017,984
    b 85% of line 2a ......... 248,687 271,757 365,806 829,036 1,715,286
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		6,682,787 8,137,193 7,858,981 6,852,659 29,531,620
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		4,424,442 5,778,058 5,740,465 5,177,121 21,120,086
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		2,258,345 2,359,135 2,118,516 1,675,538 8,411,534
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		487,039 541,269 613,939 650,225 2,292,472
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    LAWRENCE H LINDEN
    DANA WECHSLER LINDEN
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALLIANCE FOR MARKET SOLUTIONS
    325 7TH STREET NW SUITE 820
    WASHINGTON,DC200042801     		N/A PC GENERAL OPERATING SUPPORT 2,075,000
    AMERICAN FORESTS
    1220 L STREET NW SUITE 750
    WASHINGTON,DC200054079     		N/A PC CARBON DIOXIDE REMOVAL 200,000
    BIPARTISAN POLICY CENTER
    1225 EYE STREET NW SUITE 1000
    WASHINGTON,DC200053914     		N/A PC CARBON DIOXIDE REMOVAL 300,000
    CARBON 180
    1111 BROADWAY 3RD FLOOR
    OAKLAND,CA946074139     		N/A PC CARBON DIOXIDE REMOVAL 150,000
    CLIMATE LEADERSHIP COUNCIL
    1250 CONNECTICUT AVENUE NW SUITE
    625
    WASHINGTON,DC200362667     		N/A PC CARBON DIVIDENDS INITIATIVE 100,000
    COLUMBIA UNIVERSITY
    622 W 113TH STREET MC4522
    NEW YORK,NY100257982     		N/A PC CENTER ON GLOBAL ENERGY POLICY 25,000
    ENERGY FUTURES INITIATIVE INC
    900 17TH STREET NW SUITE 1100
    WASHINGTON,DC200062592     		N/A PF CARBON DIOXIDE REMOVAL RD&D INITIATIVE PHASE II: ORPHAN CDR TECHNOLOGIES 156,177
    ENERGY FUTURES INITIATIVE INC
    900 17TH STREET NW SUITE 1100
    WASHINGTON,DC200062592     		N/A PF CALIFORNIA CARBON CAPTURE USE AND STORAGE STUDY 50,000
    ENVIRONMENTAL DEFENSE FUND
    257 PARK AVENUE S
    NEW YORK,NY100107386     		N/A PC CARBON DIOXIDE REMOVAL 200,000
    ENVIRONMENTAL DEFENSE FUND
    257 PARK AVENUE S
    NEW YORK,NY100107386     		N/A PC GENERAL OPERATING SUPPORT 25,000
    GREAT PLAINS INSTITUTE
    2801 21ST AVENUE S SUITE 220
    MINNEAPOLIS,MN554071229     		N/A PC CARBON DIOXIDE REMOVAL 150,000
    LEAGUE OF CONSERVATION VOTERS EDUCATION FUND
    1920 L STREET NW SUITE 800
    WASHINGTON,DC200365045     		N/A PC EDUCATION FUND 50,000
    MALIASILI INITIATIVES INC
    PO BOX 293
    UNDERHILL,VT054890293     		N/A PC GENERAL OPERATING SUPPORT 5,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET
    NEW YORK,NY100114211     		N/A PC CLIMATE CHANGE 125,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET
    NEW YORK,NY100114211     		N/A PC GENERAL OPERATING SUPPORT 25,000
    NISKANEN CENTER
    1875 CONNECTICUT AVENUE NW 10TH
    FLOOR
    WASHINGTON,DC200096046     		N/A PC CARBON TAX INITIATIVE 65,000
    NISKANEN CENTER
    1875 CONNECTICUT AVENUE NW 10TH
    FLOOR
    WASHINGTON,DC200096046     		N/A PC CARBON TAX INITIATIVE 50,000
    OPEN SPACE INSTITUTE
    1350 BROADWAY SUITE 201
    NEW YORK,NY100180983     		N/A PC GENERAL OPERATING SUPPORT 10,000
    OURENERGYPOLICY
    529 14TH STREET NW SUITE 1150
    WASHINGTON,DC200452121     		N/A PC GENERAL OPERATING SUPPORT 1,000
    RESOURCES FOR THE FUTURE
    1616 P STREET NW
    WASHINGTON,DC200361400     		N/A PC CLIMATE POLICY INITIATIVE 100,000
    RESOURCES FOR THE FUTURE
    1616 P STREET NW
    WASHINGTON,DC200361400     		N/A PC CLIMATE POLICY INITIATIVE 100,000
    RESOURCES FOR THE FUTURE
    1616 P STREET NW
    WASHINGTON,DC200361400     		N/A PC GENERAL OPERATING SUPPORT 25,000
    ROCKEFELLER FAMILY FUND
    475 RIVERSIDE DRIVE SUITE 900
    NEW YORK,NY101150066     		N/A PC GENERAL OPERATING SUPPORT 25,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BOULEVARD
    BRONX,NY104601090     		N/A PC GENERAL OPERATING SUPPORT 10,000
    WORLD RESOURCES INSTITUTE
    10 G STREET NE SUITE 800
    WASHINGTON,DC200024252     		N/A PC CARBON DIOXIDE REMOVAL 75,000
    WORLD RESOURCES INSTITUTE
    10 G STREET NE SUITE 800
    WASHINGTON,DC200024252     		N/A PC GENERAL OPERATING SUPPORT 25,000
    WORLD WILDLIFE FUND
    325 7TH STREET NW SUITE 820
    WASHINGTON,DC200042801     		N/A PC GENERAL OPERATING SUPPORT 100,000
    Total .................................bullet 3a 4,222,177
    bApproved for future payment
    ALLIANCE FOR MARKET SOLUTIONS
    325 7TH STREET NW SUITE 820
    WASHINGTON,DC200042801     		N/A PC GENERAL OPERATING SUPPORT 4,000,000
    CARBON 180
    1111 BROADWAY 3RD FLOOR
    OAKLAND,CA946074139     		N/A PC CARBON DIOXIDE REMOVAL 150,000
    CLIMATE LEADERSHIP COUNCIL
    1250 CONNECTICUT AVENUE NW SUITE
    625
    WASHINGTON,DC200362667     		N/A PC CARBON DIVIDENDS INITIATIVE 100,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET
    NEW YORK,NY100114211     		N/A PC CLIMATE CHANGE INITIATIVE 62,500
    NISKANEN CENTER
    1875 CONNECTICUT AVENUE NW 10TH
    FLOOR
    WASHINGTON,DC200096046     		N/A PC CARBON TAX INITIATIVE 50,000
    RESOURCES FOR THE FUTURE
    1616 P STREET NW
    WASHINGTON,DC200361400     		N/A PC CLIMATE POLICY INITIATIVE 300,000
    Total .................................bullet 3b 4,662,500
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 3,422  
    4 Dividends and interest from securities....     14 309,243  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 282,675  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INVESTMENT LOSS     		    14 -321  
    bORGANIZATION ADMINISTRATIVE INCOME         80,968
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 595,019 80,968
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    675,987
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11B LINDEN TRUST FOR CONSERVATION (THE "TRUST") HAS ENTERED INTO A SHARED SERVICES AGREEMENT WITH LTC ACTION, INC. (THE ORGANIZATION"), AN IRS RECOGNIZED ORGANIZATION DESCRIBED UNDER IRS CODE SECTION 501(C)(4), GOVERNING THE ALLOCATED COSTS OF THE ORGANIZATION'S USE OF THE TRUST'S PAID STAFF AND FACILITIES. DURING THE YEAR ENDED DECEMBER 31, 2020, THE ORGANIZATION PAID THE TRUST $80,968.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
    Yes
     
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
    Yes
     
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    1b(4) 3,913 LTC ACTION INC LINDEN TRUST FOR CONSERVATION (THE "TRUST") HAS ENTERED INTO A SHARED SERVICES AGREEMENT WITH LTC ACTION, INC. (THE ORGANIZATION"), AN IRS RECOGNIZED ORGANIZATION DESCRIBED UNDER IRS CODE SECTION 501(C)(4), GOVERNING THE ALLOCATED COSTS OF THE ORGANIZATION'S USE OF THE TRUST'S PAID STAFF AND FACILITIES. DURING THE YEAR ENDED DECEMBER 31, 2020, THE ORGANIZATION REIMBURSED THE TRUST $3,913 FOR SHARED COSTS.
    1c 77,055 LTC ACTION INC LINDEN TRUST FOR CONSERVATION (THE "TRUST") HAS ENTERED INTO A SHARED SERVICES AGREEMENT WITH LTC ACTION, INC. (THE ORGANIZATION"), AN IRS RECOGNIZED ORGANIZATION DESCRIBED UNDER IRS CODE SECTION 501(C)(4), GOVERNING THE ALLOCATED COSTS OF THE ORGANIZATION'S USE OF THE TRUST'S PAID STAFF AND FACILITIES. DURING THE YEAR ENDED DECEMBER 31, 2020, THE ORGANIZATION PAID THE TRUST $77,055.
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    LTC ACTION INC 501(C)(4) LINDEN TRUST FOR CONSERVATION (THE "TRUST") HAS ENTERED INTO A SHARED SERVICES AGREEMENT WITH LTC ACTION, INC. (THE ORGANIZATION") GOVERNING THE ALLOCATION OF COSTS AND REIMBURSEMENT OF EXPENSES FROM THE ORGANIZATION FOR THE USE OF THE TRUST'S COMPENSATED STAFF, EQUIPMENT AND FACILITIES. THE ORGANIZATION'S BOARD PRESIDENT ALSO SERVES AS A COMPENSATED OFFICER OF THE TRUST, AND THEREFORE COMMON CONTROL IS PRESENT.
    Sign Here
    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 taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALLIANCE FOR MARKET SOLUTIONS325 7TH STREET NW SUITE 820
    WASHINGTON,DC200042801     		N/A PC GENERAL OPERATING SUPPORT 2,075,000
    AMERICAN FORESTS1220 L STREET NW SUITE 750
    WASHINGTON,DC200054079     		N/A PC CARBON DIOXIDE REMOVAL 200,000
    BIPARTISAN POLICY CENTER1225 EYE STREET NW SUITE 1000
    WASHINGTON,DC200053914     		N/A PC CARBON DIOXIDE REMOVAL 300,000
    CARBON 1801111 BROADWAY 3RD FLOOR
    OAKLAND,CA946074139     		N/A PC CARBON DIOXIDE REMOVAL 150,000
    CLIMATE LEADERSHIP COUNCIL1250 CONNECTICUT AVENUE NW SUITE
    625
    WASHINGTON,DC200362667     		N/A PC CARBON DIVIDENDS INITIATIVE 100,000
    COLUMBIA UNIVERSITY622 W 113TH STREET MC4522
    NEW YORK,NY100257982     		N/A PC CENTER ON GLOBAL ENERGY POLICY 25,000
    ENERGY FUTURES INITIATIVE INC900 17TH STREET NW SUITE 1100
    WASHINGTON,DC200062592     		N/A PF CARBON DIOXIDE REMOVAL RD&D INITIATIVE PHASE II: ORPHAN CDR TECHNOLOGIES 156,177
    ENERGY FUTURES INITIATIVE INC900 17TH STREET NW SUITE 1100
    WASHINGTON,DC200062592     		N/A PF CALIFORNIA CARBON CAPTURE USE AND STORAGE STUDY 50,000
    ENVIRONMENTAL DEFENSE FUND257 PARK AVENUE S
    NEW YORK,NY100107386     		N/A PC CARBON DIOXIDE REMOVAL 200,000
    ENVIRONMENTAL DEFENSE FUND257 PARK AVENUE S
    NEW YORK,NY100107386     		N/A PC GENERAL OPERATING SUPPORT 25,000
    GREAT PLAINS INSTITUTE2801 21ST AVENUE S SUITE 220
    MINNEAPOLIS,MN554071229     		N/A PC CARBON DIOXIDE REMOVAL 150,000
    LEAGUE OF CONSERVATION VOTERS EDUCATION FUND1920 L STREET NW SUITE 800
    WASHINGTON,DC200365045     		N/A PC EDUCATION FUND 50,000
    MALIASILI INITIATIVES INCPO BOX 293
    UNDERHILL,VT054890293     		N/A PC GENERAL OPERATING SUPPORT 5,000
    NATURAL RESOURCES DEFENSE COUNCIL40 WEST 20TH STREET
    NEW YORK,NY100114211     		N/A PC CLIMATE CHANGE 125,000
    NATURAL RESOURCES DEFENSE COUNCIL40 WEST 20TH STREET
    NEW YORK,NY100114211     		N/A PC GENERAL OPERATING SUPPORT 25,000
    NISKANEN CENTER1875 CONNECTICUT AVENUE NW 10TH
    FLOOR
    WASHINGTON,DC200096046     		N/A PC CARBON TAX INITIATIVE 65,000
    NISKANEN CENTER1875 CONNECTICUT AVENUE NW 10TH
    FLOOR
    WASHINGTON,DC200096046     		N/A PC CARBON TAX INITIATIVE 50,000
    OPEN SPACE INSTITUTE1350 BROADWAY SUITE 201
    NEW YORK,NY100180983     		N/A PC GENERAL OPERATING SUPPORT 10,000
    OURENERGYPOLICY529 14TH STREET NW SUITE 1150
    WASHINGTON,DC200452121     		N/A PC GENERAL OPERATING SUPPORT 1,000
    RESOURCES FOR THE FUTURE1616 P STREET NW
    WASHINGTON,DC200361400     		N/A PC CLIMATE POLICY INITIATIVE 100,000
    RESOURCES FOR THE FUTURE1616 P STREET NW
    WASHINGTON,DC200361400     		N/A PC CLIMATE POLICY INITIATIVE 100,000
    RESOURCES FOR THE FUTURE1616 P STREET NW
    WASHINGTON,DC200361400     		N/A PC GENERAL OPERATING SUPPORT 25,000
    ROCKEFELLER FAMILY FUND475 RIVERSIDE DRIVE SUITE 900
    NEW YORK,NY101150066     		N/A PC GENERAL OPERATING SUPPORT 25,000
    WILDLIFE CONSERVATION SOCIETY2300 SOUTHERN BOULEVARD
    BRONX,NY104601090     		N/A PC GENERAL OPERATING SUPPORT 10,000
    WORLD RESOURCES INSTITUTE10 G STREET NE SUITE 800
    WASHINGTON,DC200024252     		N/A PC CARBON DIOXIDE REMOVAL 75,000
    WORLD RESOURCES INSTITUTE10 G STREET NE SUITE 800
    WASHINGTON,DC200024252     		N/A PC GENERAL OPERATING SUPPORT 25,000
    WORLD WILDLIFE FUND325 7TH STREET NW SUITE 820
    WASHINGTON,DC200042801     		N/A PC GENERAL OPERATING SUPPORT 100,000
    Total ...............................bullet 3a 4,222,177
    bApproved for future payment
    ALLIANCE FOR MARKET SOLUTIONS325 7TH STREET NW SUITE 820
    WASHINGTON,DC200042801     		N/A PC GENERAL OPERATING SUPPORT 4,000,000
    CARBON 1801111 BROADWAY 3RD FLOOR
    OAKLAND,CA946074139     		N/A PC CARBON DIOXIDE REMOVAL 150,000
    CLIMATE LEADERSHIP COUNCIL1250 CONNECTICUT AVENUE NW SUITE
    625
    WASHINGTON,DC200362667     		N/A PC CARBON DIVIDENDS INITIATIVE 100,000
    NATURAL RESOURCES DEFENSE COUNCIL40 WEST 20TH STREET
    NEW YORK,NY100114211     		N/A PC CLIMATE CHANGE INITIATIVE 62,500
    NISKANEN CENTER1875 CONNECTICUT AVENUE NW 10TH
    FLOOR
    WASHINGTON,DC200096046     		N/A PC CARBON TAX INITIATIVE 50,000
    RESOURCES FOR THE FUTURE1616 P STREET NW
    WASHINGTON,DC200361400     		N/A PC CLIMATE POLICY INITIATIVE 300,000
    Total ................................bullet 3b 4,662,500
    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
    2020
    Name of the organization
    LINDEN TRUST FOR CONSERVATION
     
    Employer identification number

    13-3748063
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    LINDEN TRUST FOR CONSERVATION
          		Employer identification number
    13-3748063
    Part I
    Contributors
    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
    1
    ALEXANDER FOUNDATION
     
    C/O RUANE CUNNIFF GOLDFARB 9 WEST 5
     
    NEW YORK, NY100192701

    		$ 800,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    GEORGE LOENING
    C/O GELLER ADVISORS LLC PO BOX 1510
     
    NEW YORK, NY101591510

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    LAWRENCE H LINDEN AND DANA W LINDEN
    156 WEST 56TH STREET
     
    NEW YORK, NY100193879

    		$ 3,220,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    RED CRANE FOUNDATION
     
    PO BOX 73 BOWLING GREEN STATION
     
    NEW YORK, NY102740073

    		$ 1,100,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    THE GRANTHAM FOUNDATION FOR THE PROTECTION OF THE ENVIRONMEN
     
    40 ROWES WHARF STE 600
     
    BOSTON, MA021103327

    		$ 1,100,000


    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    LINDEN TRUST FOR CONSERVATION
          		Employer identification number

    13-3748063
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    LINDEN TRUST FOR CONSERVATION
          		Employer identification number

    13-3748063
    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) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINANCIAL STATEMENT AUDIT AND TAX RETURN PREPARATION 50,415 0 0 69,073

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    ENERGY FUTURES INITIATIVE INC
          		900 17TH STREET NW SUITE 1100
    WASHINGTON,DC200062592     		2020-01-09 156,177 CARBON DIOXIDE REMOVAL RD&D INITIATIVE PHASE II: ORPHAN CDR TECHNOLOGIES 0 TO THE GRANTOR'S KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED FROM THE PUPOSE OF T PENDING   N/A
    ENERGY FUTURES INITIATIVE INC
          		900 17TH STREET NW SUITE 1100
    WASHINGTON,DC200062592     		2020-05-05 50,000 CALIFORNIA CARBON CAPTURE USE AND STORAGE STUDY 0 TO THE GRANTOR'S KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED FROM THE PUPOSE OF T PENDING   N/A

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES CMN (ABT) 180.000 SHARES 19,708 19,708
    ADOBE INC CMN (ADBE) 166.000 SHARES 83,020 83,020
    ALIBABA GROUP HOLDING LIMITED SPONSORED ADR CMN (BABA) 327.000 SHARES 76,103 76,103
    ALPHABET INC. CMN CLASS A (GOOGL) 62.000 SHARES 108,664 108,664
    AMAZON.COM INC CMN (AMZN) 34.000 SHARES 110,736 110,736
    AON PUBLIC LIMITED COMPANY CMN (AON) 253.000 SHARES 53,451 53,451
    ASTRAZENECA PLC SPONS ADR SPONSORED ADR CMN (AZN) 517.000 SHARES 25,845 25,845
    AUTOMATIC DATA PROCESSING INC CMN (ADP) 239.000 SHARES 42,334 42,334
    BOSTON SCIENTIFIC CORP. COMMON STOCK (BSX) 563.000 SHARES 20,240 20,240
    BURLINGTON STORES INC CMN (BURL) 184.000 SHARES 48,125 48,125
    ELANCO ANIMAL HEALTH INCORPORA CMN (ELAN) 1,006.000 SHARES 30,854 30,854
    EPAM SYS INC CMN (EPAM) 171.000 SHARES 61,278 61,278
    FACEBOOK, INC. CMN CLASS A (FB) 319.000 SHARES 87,138 87,138
    FORTINET, INC. CMN (FTNT) 152.000 SHARES 22,577 22,577
    GLOBAL PAYMENTS INC. CMN (GPN) 176.000 SHARES 37,914 37,914
    INTUIT INC CMN (INTU) 151.000 SHARES 57,357 57,357
    MASTERCARD INCORPORATED CMN CLASS A (MA) 86.000 SHARES 30,697 30,697
    MICROSOFT CORPORATION CMN (MSFT) 666.000 SHARES 148,132 148,132
    MONSTER BEVERAGE CORPORATION CMN (MNST) 553.000 SHARES 51,141 51,141
    NEUROCRINE BIOSCIENCES, INC. CMN (NBIX) 274.000 SHARES 26,263 26,263
    PAYPAL HOLDINGS, INC. CMN (PYPL) 441.000 SHARES 103,282 103,282
    SIRIUS XM HOLDINGS INC CMN (SIRI) 7,876.000 SHARES 50,170 50,170
    STRYKER CORPORATION CMN (SYK) 71.000 SHARES 17,442 17,442
    TENCENT HOLDINGS LTD UNSPONSORED ADR CMN (TCEHY) 1,146.000 SHARES 83,358 83,358
    UNITEDHEALTH GROUP INCORPORATE CMN (UNH) 123.000 SHARES 43,134 43,134
    VISA INC. CMN CLASS A (V) 254.000 SHARES 55,557 55,557
    ZOETIS INC. CMN CLASS A (ZTS) 220.000 SHARES 36,410 36,410

    TY 2020 InvestmentsOtherSchedule2
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DYNAMIC EQUITY MANAGERS: PORTFOLIO 2 [SERIES] FMV 634,381 634,381
    DYNAMIC EQUITY MANAGERS: PORTFOLIO 4 [SERIES] FMV 983,226 983,226
    EDGEWATER GROWTH CAPITAL PARTNERS II, L.P. FMV 103,933 103,933
    EDGEWATER GROWTH CAPITAL PARTNERS, L.P. FMV 114,387 114,387
    GLOBAL DISTRESSED OPPORTUNITIES CAYMAN UNIT TRUST FMV 26,933 26,933
    GOLDMAN SACHS CORE FIXED INCOME FUND INST CL P (GSFIX) 129,324.963 SHARES FMV 1,461,372 1,461,372
    GOLDMAN SACHS EMERGING MRKTS EQUITY INSIGHTS CL P (GAGPX) 43,842.001 SHARES FMV 512,513 512,513
    GOLDMAN SACHS HIGH YIELD FLOATING RATE INST CL P (GSFRX) 67,609.391 SHARES FMV 628,091 628,091
    GOLDMAN SACHS HIGH YIELD FUND CL P (GGMPX) 242,819.979 SHARES FMV 1,571,045 1,571,045
    GOLDMAN SACHS INTERNATIONAL EQUITY INSIGHTS CL P (GGFPX) 39,758.073 SHARES FMV 545,878 545,878
    GOLDMAN SACHS SHORT DURATION INCOME FUND CL P (GMCPX) 143,179.962 SHARES FMV 1,480,481 1,480,481
    GS MEZZANINE PARTNERS 2006 OFFSHORE, L.P. FMV 6,634 6,634
    PRIVATE EQUITY PARTNERS 2002 OFFSHORE LP FMV 19,657 19,657
    SPDR S&P 500 ETF TRUST (SPY) 11,976.000 SHARES FMV 4,496,509 4,496,509
    XTRACKERS MSCI EAFE HEDGED EQUITY ETF (DBEF) 12,475.000 SHARES FMV 419,285 419,285

    TY 2020 LegalFeesSchedule
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL AND ADMINISTRATIVE LEGAL COUNSEL 47,260 0 0 47,260


    TY 2020 OtherDecreasesSchedule
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Description Amount
    DEFERRED FEDERAL EXCISE TAX EXPENSE 20,300
    CHANGE IN DISCOUNT ON GRANTS PAYABLE 140,610


    TY 2020 OtherExpensesSchedule
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 9,791 372 372 9,419
    OFFICE FURNISHING AND EQUIPMENT 7,254 276 276 7,281
    OFFICE EXPENSES 29,647 1,127 5,040 26,325
    FILING FEES 124 0 0 899
    BANK FEES 25 25 25 0
    OTHER INVESTMENT EXPENSES 23,548 23,548 23,548 0
    WRITE-OFF OF GRANTS RECEIVABLE 300,000 0 0 0


    TY 2020 OtherIncomeSchedule2
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT LOSS -321 -321 -321
    ORGANIZATION ADMINISTRATIVE INCOME 80,968   80,968


    TY 2020 OtherIncreasesSchedule
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Description Amount
    UNREALIZED APPRECIATION OF INVESTMENTS 1,012,656
    CHANGE IN DISCOUNT ON CONTRIBUTIONS RECEIVABLE 45,997


    TY 2020 OtherLiabilitiesSchedule
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX 37,800 58,100
    DEFERRED RENT 15,790 33,022


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INFORMATION TECHNOLOGY CONSULTANT 19,798 746 746 19,046
    EXECUTIVE RECRUITMENT SERVICES 35,574 0 0 35,574
    INVESTMENT MANAGEMENT AND ADVISORY 62,100 62,100 62,100 0
    PROGRAM RELATED CONSULTANTS 898,759 0 0 824,409


    TY 2020 TaxesSchedule
    Name:
    LINDEN TRUST FOR CONSERVATION
    EIN:
    13-3748063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 6,540 0 0 0
    FOREIGN TAXES WITHHELD 210 210 210 0