Form990


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)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
A For the 2024 calendar year, or tax year beginning 01-01-2024 , and ending 12-31-2024
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 DR 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 $ 374,387,520
F Name and address of principal officer:
LAWRENCE A SELZER
1655 N FORT MYER DR 1300
ARLINGTON,VA222093199
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
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  
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 IS IN THE BUSINESS OF CONSERVATION, CREATING INNOVATIVE SOLUTIONS THAT DRIVE NATURE-BASED ACTION FOR CLIMATE PROTECTION, SUSTAINABLE ECONOMIES AND VIBRANT COMMUNITIES.
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 19
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 19
5 Total number of individuals employed in calendar year 2024 (Part V, line 2a) ...... 5 231
6 Total number of volunteers (estimate if necessary) ............. 6 19
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 100,781,658 123,503,860
9 Program service revenue (Part VIII, line 2g) ......... 221,213,725 245,196,100
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 5,223,365 4,528,349
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 216,312 4,999
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 327,435,060 373,233,308
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 54,584,204 52,790,311
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) 31,867,234 34,221,093
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 35,000 30,000
b Total fundraising expenses (Part IX, column (D), line 25) 6,381,676    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 222,849,497 269,175,349
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 309,335,935 356,216,753
19 Revenue less expenses. Subtract line 18 from line 12....... 18,099,125 17,016,555
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 874,252,941 919,448,710
21 Total liabilities (Part X, line 26)............. 413,014,943 438,408,775
22 Net assets or fund balances. Subtract line 21 from line 20..... 461,237,998 481,039,935
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
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



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 (2024)
Form 990 (2024)
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 IS IN THE BUSINESS OF CONSERVATION, CREATING INNOVATIVE SOLUTIONS THAT DRIVE NATURE-BASED ACTION FOR CLIMATE PROTECTION, SUSTAINABLE ECONOMIES AND VIBRANT COMMUNITIES.
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 $ 331,207,482 including grants of $ 47,906,961 ) (Revenue $ 242,647,954 )
CONSERVATION REAL ESTATE ACTIVITIESTHE CONSERVATION FUND (TCF) WAS FOUNDED TO ADVANCE ENVIRONMENTAL PROTECTION AND ECONOMIC VITALITY AS MUTUALLY REINFORCING STRATEGIES THAT MAKE THE NATION AND SOCIETY STRONGER. FOR MORE THAN 40 YEARS, TCF HAS BEEN BUYING AT-RISK LAND WITH HIGH CONSERVATION VALUE TO PROTECT IT FROM DEGRADATION, PUTTING PROTECTIONS IN PLACE TO ENSURE IT IS MANAGED FOR ENVIRONMENTAL, ECONOMIC AND HUMAN GAIN BEFORE TRANSFERRING IT TO LONG-TERM OWNERS. TOP RANKED FOR EFFICIENCY AND MISSION EFFECTIVENESS, TCF HAS CONSERVED OVER 9 MILLION ACRES ACROSS ALL 50 STATES WITH A TOTAL APPRAISED VALUE OF $8,961,981,014 AND INVOLVING OVER 4,070 REAL ESTATE TRANSACTIONS. THIS SUCCESSFUL TRACK RECORD IS BUILT ON TCF'S ABILITY TO PURCHASE PRIORITY NATURAL LANDS, ESSENTIAL CULTURAL AND HISTORIC SITES, AND WORKING LANDSCAPES LIKE FORESTS, FARMS, AND RANCHES TO PROVIDE TIME FOR PERMANENT CONSERVATION TO BE ACHIEVED. THIS CORE REAL ESTATE ACTIVITY INVOLVES THE ACQUISITION OF LAND AND INTERESTS IN LAND ON BEHALF OF FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES AS WELL AS PRIVATE AND OTHER CONSERVATION-MINDED NGO PARTNERS. TCF PURCHASES PROPERTIES DEEMED A PRIORITY BY ITS PARTNERS AND HOLDS THEM FOR INTERIM PERIODS, PROVIDING THE TIME NEEDED FOR ITS PARTNERS TO SECURE FUNDING TO ACQUIRE, STEWARD AND PERMANENTLY MANAGE THE LANDS. THIS MODEL ENSURES THAT FUNDING IS AVAILABLE IN TIME TO MEET THE NEEDS OF THE SELLER WHEN A HIGH-CONSERVATION-VALUE PROPERTY GOES UP FOR SALE.FUNDING FOR TCF'S REAL ESTATE ACQUISITIONS LARGELY COMES FROM ITS "REVOLVING FUND" OF CAPITAL, WHICH IS MADE UP OF CHARITABLE GIFTS, PROCEEDS FROM THE SALE OF DONATED SURPLUS LANDS THAT TCF HAS SOLD FOR CASH, AS WELL AS ACCUMULATED GAINS 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, CORPORATIONS AND PRIVATE INDIVIDUALS. ONCE A PROPERTY HAS BEEN TRANSFERRED TO THE LONG-TERM HOLDER AND TCF RECOUPS ITS INVESTMENT, CAPITAL IS RETURNED TO THE REVOLVING FUND FOR USE IN OTHER REAL ESTATE TRANSACTIONS.AS AN EXPERT IN CONSERVATION REAL ESTATE, TCF ALSO PROVIDES NEGOTIATION EXPERTISE AND TRANSACTIONAL SUPPORT TO GOVERNMENT AGENCIES AND TO OTHER CONSERVATION ORGANIZATIONS TO DIRECTLY ACQUIRE CONSERVATION LAND, AS WELL AS BRIDGE FINANCING AND TECHNICAL ASSISTANCE TO LAND TRUSTS AND OTHER ORGANIZATIONS TO PROTECT CRITICAL NATURAL RESOURCES IN THEIR COMMUNITIES. BY ADDRESSING AN UNMET NEED FOR BRIDGE FINANCING, THESE "CONSERVATION LOANS" HELP TCF'S PARTNERS EXPAND CONSERVATION IMPACT NATIONWIDE. AS OF DECEMBER 31, 2024, TCF'S CONSERVATION LOANS HAVE HELPED CONSERVE 166,852 ACRES THROUGH 420 LOANS IN 40 STATES. THE PORTFOLIO OF LOANS HAD A PRINCIPAL VALUE OF $6.5 MILLION AS OF DECEMBER 31, 2024.WORKING LANDS. KEEPING WORKING FORESTS AND FARMLAND INTACT AND IN PRODUCTION IS CRITICAL TO BOTH THE ENVIRONMENT AND ECONOMIC VITALITY. TCF APPLIES ITS UNIQUE CONSERVATION MODEL TO PURCHASE AT-RISK FORESTS AND FARMS AND PUTS PROTECTIONS IN PLACE TO ENSURE THESE LANDS ARE SUSTAINABLY MANAGED TO PRESERVE THEIR ENVIRONMENTAL AND ECONOMIC BENEFITS. TCF'S WORKING FOREST FUND PROGRAM IS COMMITTED TO CONSERVING LARGE INTACT FORESTS IN THE U.S. SO THEY REMAIN SUSTAINABLY MANAGED, PROVIDING GOOD LOCAL JOBS, AS WELL AS CLEAN WATER, CLEAN AIR, HABITAT FOR WILDLIFE AND OUTDOOR RECREATION, AND CLIMATE RESILIENCE BENEFITS. THE WORKING FOREST FUND HAS DEVELOPED A SUCCESSFUL MODEL TO ACQUIRE, SUSTAINABLY MANAGE AND PERMANENTLY PROTECT HIGH-CONSERVATION VALUE TIMBERLAND. CONSISTENT WITH TCF'S OTHER REAL ESTATE ACTIVITIES, THE WORKING FOREST FUND ACTS AS 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 OR OTHER CONSERVATION BUYERS. THE WORKING FOREST FUND'S FOCUS IS ON LARGE FORESTS WITH THE HIGHEST CONSERVATION VALUE AND OFTEN THE HIGHEST RISK OF FRAGMENTATION WHEN SOLD ON THE OPEN MARKET. AS OF DECEMBER 31, 2024, TCF HAS DEPLOYED OVER $1 BILLION INTO 55 PROJECTS COVERING APPROXIMATELY 1,058,800 ACRES OF CRITICAL FORESTS IN THE U.S. APPROXIMATELY 705,600 ACRES HAVE BEEN TRANSFERRED INTO PERMANENT CONSERVATION AS OF DECEMBER 31, 2024. THE REMAINING ACRES ARE BEING SUSTAINABLY MANAGED BY TCF OR ITS PARTNERS AND ARE AWAITING PERMANENT PROTECTION THROUGH CONSERVATION EASEMENTS OR TRANSFERS TO PUBLIC AGENCIES OR OTHER CONSERVATION PARTNERS.TCF'S FARMS FUND WORKS TO SECURE FARMLAND ON THE EDGE OF MAJOR METRO AREAS AND MATCH THAT LAND TO FARMERS WHO LEASE AND STEWARD IT UNTIL AN AGRICULTURAL CONSERVATION EASEMENT CAN ENCUMBER THE PROPERTY, MAKING THE LAND MORE AFFORDABLE FOR THE FARMERS TO BUY. THIS PATHWAY TO AFFORDABLE LAND OWNERSHIP FOR THE NEXT GENERATION OF AMERICAN FARMERS HELPS MAKE COMMUNITIES HEALTHIER WITH ACCESS TO FRESH FOOD, CLEANER AIR AND WATER, AND IMPROVED CLIMATE RESILIENCE. THE FARMS FUND IS CURRENTLY ACTIVE IN THE ATLANTA, CHICAGO AND CHARLOTTE, NORTH CAROLINA METRO AREAS, WITH PLANS TO EXPAND INTO MULTIPLE ADDITIONAL REGIONS. AS OF DECEMBER 31, 2024, THE PROGRAM DEPLOYED $17,724,934 MILLION TO SECURE LAND FOR 23 FARM BUSINESSES THAT WILL HELP PERMANENTLY PROTECT 1,521 ACRES OF AT-RISK FARMLAND.MITIGATION SOLUTIONS. IN PARTNERSHIP WITH DEVELOPERS AND REGULATORY AGENCIES, TCF COMPLETES CONSERVATION ACQUISITIONS AND OTHER PROJECTS TO OFFSET THE IMPACTS ON NATURAL, CULTURAL AND HISTORIC RESOURCES FROM CONSTRUCTION AND OPERATION OF ENERGY AND INFRASTRUCTURE PROJECTS AND PROVIDES ADVICE ON MITIGATION STRATEGIES BEFORE AND DURING INFRASTRUCTURE PROJECT DEVELOPMENT. TCF 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. TCF'S MITIGATION ACTIVITIES PROVIDE PRIVATE CAPITAL TO ACHIEVE CONSERVATION PRIORITIES. SINCE TCF BEGAN PROVIDING MITIGATION SERVICES, MORE THAN $300 MILLION HAS BEEN RECEIVED TO ACQUIRE LAND AND INTERESTS IN LAND, TO COMPLETE RESTORATION, AND/OR TO TAKE OTHER ACTIONS TO MITIGATE IMPACTS TO RESOURCES. AS OF DECEMBER 31, 2024, TCF HAS DEPLOYED MORE THAN TWO-THIRDS OF THIS AMOUNT INTO MORE THAN 375 PROJECTS ACROSS THE COUNTRY, CONSERVING OR RESTORING OVER 411,600 ACRES.
4b (Code:   ) (Expenses $ 11,699,099 including grants of $ 4,883,350 ) (Revenue $ 2,548,146 )
OTHER CONSEVATION SERVICESTHE RESILIENT COMMUNITIES BUSINESS LINE COMPRISES A GROUP OF PROGRAMS DEDICATED TO ADVANCING TCF'S DUAL MISSION BY INTEGRATING CONSERVATION AND ECONOMIC DEVELOPMENT TO BUILD VIBRANT COMMUNITIES. THESE PROGRAMS FOCUS ON IMPACT AREAS SUCH AS URBAN CONSERVATION, RURAL ECONOMIC DEVELOPMENT, HERITAGE SITE PROTECTIONS, SUSTAINABLE FOOD SYSTEMS, WATER QUALITY/SUPPLY PROTECTION AND ENHANCEMENT, AQUACULTURE, AND RESILIENCE. THIS PROGRAM AREA PROVIDES EXPERTISE TO COMMUNITIES ACROSS THE COUNTRY TO ACHIEVE THE MULTIPLE BENEFITS GAINED BY INVESTING IN CLEAN AIR, CLEAN WATER AND COMMUNITY LIVABILITY. TCF BRINGS TECHNICAL ASSISTANCE AND FLEXIBLE FUNDING TO PARTNERSHIPS IN RURAL COMMUNITIES WHERE WE WORK TO CONSERVE NATURAL ASSETS, HELPING STRENGTHEN JOB-CREATING AREAS THAT RELY ON AND SUSTAIN FORESTRY, AGRICULTURE, NATURE AND RECREATION. TCF'S URBAN CONSERVATION WORK ENHANCES URBAN SUSTAINABILITY AND LIVABILITY BY ADVANCING CREATION OF PARKS AND OTHER INITIATIVES.THE WORK OF THIS PROGRAM AREA ALSO INCLUDES THE FOLLOWING ACTIVITIES: FRESHWATER INSTITUTE. THE FRESHWATER INSTITUTE IS AN APPLIED RESEARCH FACILITY DEDICATED TO SUSTAINABLE WATER USE AND REUSE THROUGH THE DESIGN OF RECIRCULATING AQUACULTURE SYSTEMS. THIS PROGRAM WORKS WITH GOVERNMENT, INDUSTRY AND NONPROFITS TO DEMONSTRATE THE OPPORTUNITIES FOR A SUSTAINABLE DOMESTIC SEAFOOD SUPPLY BY PROVIDING SOLUTIONS TO ENABLE THE GROWTH OF ENVIRONMENTALLY RESPONSIBLE AQUACULTURE. THE INSTITUTE'S CORE COMPETENCIES IN AQUACULTURE RESEARCH, ENGINEERING AND CONSULTING, AQUATIC VETERINARY MEDICINE, AQUACULTURE HUSBANDRY AND PRODUCTION, INDUSTRY OUTREACH, AND WATER CHEMISTRY ANALYSIS ARE MOBILIZED TO SUSTAINABLY PRODUCE SALMON AND OTHER COLD-WATER SPECIES. RESOURCEFUL COMMUNITIES. RESOURCEFUL COMMUNITIES WORKS WITH GRASSROOTS AND COMMUNITY ORGANIZATIONS TO CREATE OPPORTUNITIES TO PRESERVE RURAL LANDSCAPES, STRENGTHEN LOCAL ECONOMIES, AND SUSTAIN COMMUNITIES' UNIQUE CULTURES. THE PROGRAM PROVIDES AN EFFECTIVE COMBINATION OF DIRECT TECHNICAL ASSISTANCE, SKILLS BUILDING AND NETWORK-BUILDING THAT SUPPORTS COMMUNITY OUTCOMES SUCH AS FOOD SECURITY, NATURE-BASED TOURISM DEVELOPMENT, YOUTH CONSERVATION PROGRAMS AND CULTURAL HERITAGE PRESERVATION.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expenses342,906,581
Form 990 (2024)
Form 990 (2024)
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
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment
List of Attached Documents:
// Content
...
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
List of Attached Documents:
// Content
.............
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
List of Attached Documents:
// Content
.........
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 Rev. Proc. 98-19? If "Yes," complete Schedule C, Part IIIClick to see attachment
List of Attached Documents:
// Content
..
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
List of Attached Documents:
// Content
.........................
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
List of Attached Documents:
// Content
....
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
List of Attached Documents:
// Content
..............
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
List of Attached Documents:
// Content
..............
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 V......
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
List of Attached Documents:
// Content
...................
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
List of Attached Documents:
// Content
.......
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
List of Attached Documents:
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.......
11c
 
No
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
List of Attached Documents:
// Content
............
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
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
List of Attached Documents:
// Content
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. ....Click to see attachment
List of Attached Documents:
// Content
17
Yes
 
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............ Click to see attachment
List of Attached Documents:
// Content
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...................Click to see attachment
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
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
List of Attached Documents:
// Content
22
Yes
 
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
List of Attached Documents:
// Content
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 .... Click to see attachment
List of Attached Documents:
// Content
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.......................Click to see attachment
List of Attached Documents:
// Content
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment
List of Attached Documents:
// Content
...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part IIIClick to see attachment
List of Attached Documents:
// Content
.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................Click to see attachment
List of Attached Documents:
// Content
28a
Yes
 
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
List of Attached Documents:
// Content
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? 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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
37
 
No
38
Did the organization complete Schedule O and provide explanations on 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
287
b
Enter the number of Forms W-2G included on 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 (2024)
Form 990 (2024)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
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
231
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
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
 
 
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:
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
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
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
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
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 the 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
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2024)
Form 990 (2024)
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
19
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
19
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
Yes
 
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 on 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 on 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 on 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 filed
AK , AL , AR , CA , CT , DC , FL , GA , HI , IL , KS , KY , MA , MD , ME , MI , MO , NC , ND , NJ , NH , NV , OH , OK , OR , PA , SC , TN , UT , WA , WI , WV
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 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:
JOHN GILBERT1655 N FORT MYER DR 1300   ARLINGTON,VA222093199 (703) 525-6300
Form 990 (2024)
Form 990 (2024)
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 the 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, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) 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.

See the instructions for the order in which to list the persons above.
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/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(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) DANIEL TISHMAN......................................................................
CHAIR
 2.00
.................
  		X           0 0 0
(2) PAUL E HAGEN......................................................................
VICE CHAIR
 2.00
.................
  		X           0 0 0
(3) JULIE G BARKER......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(4) GREGORY A BEARD......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(5) DAVID P BOZEMAN......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(6) INGRID C BURKE......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(7) TODD C CARTER......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(8) J STOREY CHARBONNET......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(9) CHARLES A CHERINGTON......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(10) KIMBERLEE R CORNETT......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(11) LUIS A DE LA GARZA......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(12) JENNIFER L HERNANDEZ......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(13) G WILSON HUGHES......................................................................
DIRECTOR (UNTIL 9/19/24)
 2.00
.................
  		X           0 0 0
(14) SHAMEEK KONAR......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(15) JILL L LONG THOMPSON......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(16) THRUSTON B MORTON III......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
(17) KEVYN D ORR......................................................................
DIRECTOR
 2.00
.................
  		X           0 0 0
Form 990 (2024)
Form 990 (2024)
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/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(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 (UNTIL 9/19/24)
 2.00
.......................   		X           0 0 0
(19) JAY F WAGLEY........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(20) RICHARD W WAGNER........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(21) JAMES WHITEHURST........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(22) LAWRENCE A SELZER........................................................................
CEO & PRESIDENT
 36.50
.......................1.00 		    X       740,139 0 96,574
(23) JOHN S GILBERT........................................................................
EVP & CFO
 36.50
.......................1.00 		    X       466,450 0 55,881
(24) MONICA A GARRISON........................................................................
SVP & TREASURER
 31.50
.......................6.00 		    X       308,170 0 63,418
(25) MARGARET A MCCANTS........................................................................
BOARD SEC & CON ACQ DIRECTOR
 37.50
.......................   		    X       164,284 0 26,731
(26) DEAN H CANNON........................................................................
EVP & GENERAL COUNSEL
 36.50
.......................1.00 		      X     476,430 0 33,555
(27) MATTHEW S SEXTON........................................................................
SVP CONSERVATION ACQUISITION
 37.50
.......................   		      X     329,653 0 52,200
(28) BLAINE T PHILLIPS JR........................................................................
SVP CON ACQ (UNTIL 6/30/24)
 37.50
.......................   		      X     212,261 0 7,730
(29) MARK W ELSBREE........................................................................
SVP CONSERVATION ACQUISITION
 37.50
.......................   		      X     329,313 0 65,516
(30) EVAN H SMITH........................................................................
SVP CONSERVATION VENTURES
 37.50
.......................   		      X     320,060 0 39,317
(31) CHRISTOPHER D BELL........................................................................
DEPUTY GENERAL COUNSEL
 37.50
.......................   		        X   274,399 0 24,629
(32) ERIK J MEYERS........................................................................
VP CLIMATE AND WATER SUSTAINABILITY
 37.50
.......................   		        X   273,050 0 35,731
(33) ELIZABETH PALMER........................................................................
VP OF HUMAN RESOURCES
 37.50
.......................   		        X   309,633 0 44,630
(34) KELLY M REED........................................................................
SVP GOVERNMENT RELATIONS
 37.50
.......................   		        X   327,445 0 38,785
(35) BRIAN J DANGLER........................................................................
SVP & DIRECTOR OF WORKING FOREST FUND
 37.50
.......................   		        X   308,194 0 63,130
1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 4,839,481 0 647,827
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 107
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
ROBERT PIPER LOGGING

PO BOX 82
MANCHESTER,CA95459 		FORESTRY - LOGGING AND HAULING 1,229,420
KALMIA CONSTRUCTION CO INC

10230 SOUTHARD DRIVE
BELTSVILLE,MD20705 		CONSTRUCTION SERVICES 1,027,581
HURT & PROFFITT INC

2524 LANGHORNE ROAD
LYNCHBURG,VA24501 		BOUNDARY SURVEY 274,129
F&W FORESTRY SERVICES

PO BOX 3610
ALBANY,GA31706 		FOREST MANAGEMENT 251,456
KORN FERRY (US)

NW 5854 P O BOX 1450
MINNEAPOLIS,MN55485 		RECRUITING SERVICES 232,551
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 33
Form 990 (2024)
Form 990 (2024)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a 50,486
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e 17,954,248
f All other contributions, gifts, grants, and similar amounts not included above1f 105,499,126
g Noncash contributions included in lines 1a - 1f:$ 1g 31,478,448
h Total. Add lines 1a-1f....... 123,503,860
Program Service RevenueAmt Business Code
2a CONS. LAND SALES 531390 211,443,698 211,443,698    
b MITIGATION REVENUE 531390 8,942,488 8,942,488    
c RESOURCES SALES 531390 8,869,647 8,869,647    
d CARBON SALES 531390 7,880,400 7,880,400    
e CONTRACT FEES 531390 6,431,631 6,431,631    
f All other program service revenue. 1,628,236 1,628,236    
g Total. Add lines 2a–2f ..... 245,196,100
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 4,077,117     4,077,117
4 Income from investment of tax-exempt bond proceeds        
5 Royalties........... 4,999     4,999
(i) Real (ii) Personal
6a Gross rents 6a    
b Less: rental expenses 6b    
c Rental income or (loss) 6c    
d Net rental income or (loss).......        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 1,366,361 239,083
b Less: cost or other basis and sales expenses 7b 1,154,212 0
c Gain or (loss) 7c 212,149 239,083
d Net gain or (loss)......... 451,232     451,232
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..        
OtherRevenueMiscAmt
Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......  
12 Total revenue. See instructions..... 373,233,308 245,196,100 0 4,533,348
Form 990 (2024)
Form 990 (2024)
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 .... 52,490,311 52,490,311
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 300,000 300,000
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............    
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 4,138,630 2,504,113 1,266,681 367,836
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........ 25,105,747 19,075,777 2,826,881 3,203,089
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 1,685,886 1,277,810 190,511 217,565
9 Other employee benefits ....... 1,691,665 678,683 480,930 532,052
10 Payroll taxes ........... 1,599,165 1,222,467 171,602 205,096
11 Fees for services (non-employees):        
a Management ...... 360,403 360,403    
b Legal ......... 496,710 366,243 128,058 2,409
c Accounting ........... 296,926 113,983 164,076 18,867
d Lobbying ........... 371,097 290,961 41,710 38,426
e Professional fundraising services. See Part IV, line 17 30,000 30,000
f Investment management fees ...... 29,648   29,648  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 11,723,121 11,003,174 336,059 383,888
12 Advertising and promotion .... 437,788 192,024 34,282 211,482
13 Office expenses ....... 2,195,016 1,855,409 154,687 184,920
14 Information technology ...... 992,760 559,540 253,998 179,222
15 Royalties ..        
16 Occupancy ........... 5,195,069 4,844,575 179,760 170,734
17 Travel ............ 1,247,192 883,974 165,506 197,712
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 896,297 640,058 152,398 103,841
20 Interest ........... 9,786,833 9,786,833    
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 374,997 293,357 42,493 39,147
23 Insurance ... 1,046,331 791,343 132,719 122,269
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 CONSERVATION LAND 195,318,695 195,318,695    
b PROVISION FOR EASEMENT 29,288,000 29,288,000    
c ACQ & HOLDING COSTS 4,882,023 4,782,442 51,831 47,750
d
e All other expenses 4,236,443 3,986,406 124,666 125,371
25 Total functional expenses. Add lines 1 through 24e 356,216,753 342,906,581 6,928,496 6,381,676
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 if following SOP 98-2 (ASC 958-720).        
Form 990 (2024)
Form 990 (2024)
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 ......... 124,777,003 2 158,373,499
3 Pledges and grants receivable, net ...... 16,092,228 3 10,132,145
4 Accounts receivable, net ............. 6,334,481 4 3,232,362
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ...........   7  
8 Inventories for sale or use ............   8  
9 Prepaid expenses and deferred charges ...... 5,241,372 9 3,651,115
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 6,706,816
b Less: accumulated depreciation 10b 3,310,994 2,556,437 10c 3,395,822
11 Investments—publicly traded securities . 16,626,203 11 18,828,359
12 Investments—other securities. See Part IV, line 11 ..... 13,070,193 12 13,309,774
13 Investments—program-related. See Part IV, line 11 .. 20,387,658 13 6,550,574
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 669,167,366 15 701,975,060
16 Total assets. Add lines 1 through 15 (must equal line 33)... 874,252,941 16 919,448,710
Liabilities 17 Accounts payable and accrued expenses ..... 26,182,577 17 18,451,841
18 Grants payable ...   18  
19 Deferred revenue ......... 91,363,817 19 106,945,083
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties .. 21,126,114 23 19,656,598
24 Unsecured notes and loans payable to unrelated third parties .. 263,717,044 24 284,579,236
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 10,625,391 25 8,776,017
26 Total liabilities. Add lines 17 through 25.. 413,014,943 26 438,408,775
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 225,986,309 27 225,746,246
28 Net assets with donor restrictions ........... 235,251,689 28 255,293,689
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 461,237,998 32 481,039,935
33 Total liabilities and net assets/fund balances ........ 874,252,941 33 919,448,710
Form 990 (2024)
Form 990 (2024)
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
373,233,308
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
356,216,753
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
17,016,555
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
461,237,998
5
Net unrealized gains (losses) on investments ...............
5
1,822,443
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
962,939
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
481,039,935
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 on
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 Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
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 (2024)
Form 990 (2024)
Additional Data


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

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 instructions and the latest information.
OMB No. 1545-0047
2024
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) 2024

Schedule A (Form 990) 2024
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed 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) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. 80,995,756 87,587,936 73,198,695 100,781,658 123,503,860 466,067,905
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 80,995,756 87,587,936 73,198,695 100,781,658 123,503,860 466,067,905
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) .. 28,004,674
6 Public support. Subtract line 5 from line 4. 438,063,231
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
7 Amounts from line 4.. 80,995,756 87,587,936 73,198,695 100,781,658 123,503,860 466,067,905
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 1,324,358 1,302,881 990,026 2,767,175 4,082,116 10,466,556
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.)..   3,887,617       3,887,617
11 Total support. Add lines 7 through 10 480,422,078
12
12
1,049,530,539
13
First 5 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
91.180 %
15
15
92.720 %
16a
33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization .......................right arrow
b
33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow
17a
10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
b
10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
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) 2024

Schedule A (Form 990) 2024
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) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (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) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (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 on 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
First 5 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
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow
b
33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow
20
Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, 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 lines 3b and 3c 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 box 12a or 12b in Part I, answer lines 4b and 4c 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 lines 5b and 5c 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) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).
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 on 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 on 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) 2024

Schedule A (Form 990) 2024
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 on lines 11b and 11c below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described on 11a above?
11b
 
 
c
A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the officers, 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 line 2 above, 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 lines 2a and 2b 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 on line 2a, above 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 lines 3a and 3b 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?If "Yes" or "No", 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) 2024

Schedule A (Form 990) 2024
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 0.015 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 0.035 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) 2024

Schedule A (Form 990) 2024
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 1  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity 		2  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations 3  
4 Amounts paid to acquire exempt-use assets 4  
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) 5  
6 Other distributions (describe in Part VI). See instructions 6  
7Total annual distributions. Add lines 1 through 6. 7  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions 		8  
9 Distributable amount for 2024 from Section C, line 6 9  
10 Line 8 amount divided by Line 9 amount 10  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2024 		(iii)
Distributable
Amount for 2024
1 Distributable amount for 2024 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2024:
a From 2019.......  
b From 2020.......  
c From 2021.......  
d From 2022.......  
e From 2023.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2024 distributable amount  
i Carryover from 2019 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2024 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2024 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2024, 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 2024. 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 2025. Add lines
3j and 4c. 		 
8 Breakdown of line 7:
a Excess from 2020.....  
b Excess from 2021.....  
c Excess from 2022.....  
d Excess from 2023.....  
e Excess from 2024.....  
Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024
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, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EXTINGUISHMENT OF DEBT - 2021 AMOUNT: $ 3,887,617.
Schedule A (Form 990) 2024


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
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
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) 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
RESTRICTED
 
 
 
 
  ,    

$ RESTRICTED


(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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.) $  
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) (Rev. 1-2025)
Additional Data


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

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

right arrow Complete if the organization is described below. right arrow Attach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
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 ....................................................................right arrow
$  
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 ................................right arrow
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................right arrow
$  
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 ..... right arrow
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................right arrow

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

$  
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.
Cat. No. 50084S
Schedule C (Form 990) 2024

Schedule C (Form 990) 2024
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 right arrowexpenses, and share of excess lobbying expenditures).
B Check right arrow
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) ...................... 0 0
b Total lobbying expenditures to influence a legislative body (direct lobbying) ........................ 749,875 0
c Total lobbying expenditures (add lines 1a and 1b) ............................................................ 749,875 0
d Other exempt purpose expenditures ............................................................................... 355,466,878  
e Total exempt purpose expenditures (add lines 1c and 1d) .................................................. 356,216,753 0
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 1,000,000 0
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 0
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) 2021 (b) 2022 (c) 2023 (d) 2024 (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 410,934 435,972 502,537 749,875 2,099,318
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          
Schedule C (Form 990) 2024


Schedule C (Form 990) 2024
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)
Yes
No
(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) 2024


Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow 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.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
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 17,265.08
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 July 25, 2006, 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 right arrow5
4
Number of states where property subject to conservation easement is located right arrow8
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
right arrow60.00
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $ 7,151
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 FASB 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 FASB 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 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
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 FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
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 .... 1,463,829 1,601,711 2,015,684 1,804,808 1,595,721
b Contributions ...          
c Net investment earnings, gains, and losses 175,694 171,902 -404,285 221,118 216,977
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses .... 12,125 309,784 9,688 10,242 7,890
g End of year balance ...... 1,627,398 1,463,829 1,601,711 2,015,684 1,804,808
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow100.000 %
b
Permanent endowment right arrow0 %
c
Term endowment right arrow0 %
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 ....   2,759,295 1,528,196 1,231,099
c Leasehold improvements   2,485,226 644,334 1,840,892
d Equipment ....   1,084,006 869,823 214,183
e Other .....   378,289 268,641 109,648
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 3,395,822
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
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.)right arrow  
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)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow  
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 674,874,548
(2)INVESTMENTS IN PARTNERSHIPS 21,914,408
(3)RIGHT OF USE ASSET 4,630,619
(4)CHARITABLE GIFT ANNUITY 547,845
(5)DUE FROM SUSTAINABLE CONSERVATION INC. 7,640
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........right arrow 701,975,060
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  
LAND HELD FOR OTHERS 45,113
DEPOSITS BY OTHERS 1,495,017
OPERATING LEASE LIABILITIES 7,235,887






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 8,776,017
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) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
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 ....... 1 372,993,917
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a 1,822,443
b Donated services and use of facilities ......... 2b 38,855
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d -2,064,009
e Add lines 2a through 2d ..................... 2e -202,711
3 Subtract line 2e from line 1.................. 3 373,196,628
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 29,648
b Other (Describe in Part XIII.) ........... 4b 7,032
c Add lines 4a and 4b.................... 4c 36,680
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 373,233,308
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 ........... 1 357,894,380
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a 38,855
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d 1,675,452
e Add lines 2a through 2d.................... 2e 1,714,307
3 Subtract line 2e from line 1................... 3 356,180,073
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 29,648
b Other (Describe in Part XIII.) ........... 4b 7,032
c Add lines 4a and 4b..................... 4c 36,680
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 356,216,753
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 ASSIGNED FIVE CONSERVATION EASEMENTS TO QUALIFIED ORGANIZATIONS UNDER SECTION 170 (H) OF THE INTERNAL REVENUE CODE: 1. ON 10/16/2024, THE FUND ASSIGNED A CONSERVATION EASEMENT BURDENING 244.59 ACRES IN UTAH COUNTY, UTAH TO UTAH OPEN LANDS TRUST. THE FUND PURCHASED THE CONSERVATION EASEMENT ON 12/9/2021. 2. ON 10/16/2024, THE FUND ASSIGNED A CONSERVATION EASEMENT BURDENING 233.74 ACRES IN UTAH COUNTY, UTAH TO UTAH OPEN LANDS TRUST. THE FUND PURCHASED THE CONSERVATION EASEMENT ON 4/16/2019. 3. ON 10/16/2024, THE FUND ASSIGNED A CONSERVATION EASEMENT BURDENING 182.64 ACRES IN UTAH COUNTY, UTAH TO UTAH OPEN LANDS TRUST. THE FUND PURCHASED THE CONSERVATION EASEMENT ON 12/18/2022. 4. ON 9/20/2024, THE FUND ASSIGNED A CONSERVATION EASEMENT BURDENING 1299.63 ACRES IN LEWIS AND CLARK COUNTY, MONTANA TO USFWS. THE FUND PURCHASED THE CONSERVATION EASEMENT ON 8/2/2024. 5. ON 2/14/2024, THE FUND ASSIGNED A CONSERVATION EASEMENT BURDENING 3359.34 ACRES IN LEWIS AND CLARK COUNTY, MONTANA TO USFWS. THE FUND PURCHASED THE CONSERVATION EASEMENT ON 9/29/2023.
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 PRESERVING 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 THE 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 2021.
PART XI, LINE 2D - OTHER ADJUSTMENTS: SCI REVENUE INCLUDED IN CONSOLIDATED FS -2,889,438. WPF REVENUE INCLUDED IN CONSOLIDATED FS 836,919. ELIMINATION -141,700. BF REVENUE INCLUDED IN CONSOLIDATED FS 435,591. NOI FROM LUPINE FOREST -300,547. NOI FROM HOBART STREAM -4,834.
PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CRAT/ CRUT/ BIPT 7,032.
PART XII, LINE 2D - OTHER ADJUSTMENTS: SCI EXPENSES INCLUDED IN CONSOLIDATED FS 1,338,373. WPF EXPENSES INCLUDED IN CONSOLIDATED FS 319,512. ELIMINATION -141,700. BF EXPENSES INCLUDED IN CONSOLIDATED FS 159,267.
PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CRAT/ CRUT/ BIPT 7,032.
Schedule D (Form 990) (Rev. 1-2025)


Additional Data


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SCHEDULE G (Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrowAttach to Form 990 or Form 990-EZ.
right arrowGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number

52-1388917
Part I
Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.


(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
 
NILES SORENSEN CONSULTING
3912 GROVESNER STREET
 
HARRISBURG, NC28075 		PROFESSIONAL FUNDRAISING   No 0 30,000 -30,000
             
             
             
             
             
             
             
             
             
Total . . . . . . . . . . . . . . . . . . . . right arrow   30,000 -30,000
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.




VerticalRevenue
(a) Event #1

 
(event type) 		(b) Event #2

 
(event type) 		(c) Other events

 
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
 
 
 
 

2
Less: Contributions . . . .
 
 
 
 
3 Gross income (line 1 minus
line 2) . . . . . .
 
 
 
 



VerticalDirectExpenses
4 Cash prizes . . . . .        
5 Noncash prizes . . . .        
6 Rent/facility costs . . . .        
7 Food and beverages . . .        
8 Entertainment . . . .        
9 Other direct expenses . . .        
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow  
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow  
Part III
Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue
(a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))

1
Gross revenue . . . . .
 
 
 
 
VerticalDirectExpenses

2
Cash prizes . . . . .
 
 
 
 

3
Noncash prizes . . . .
 
 
 
 

4
Rent/facility costs . . . .
 
 
 
 

5
Other direct expenses . . .
 
 
 
 


6

Volunteer labor . . . .
%
%
%


7
Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow
 

8
Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow
 

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .
YesNo
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .
YesNo
b
If "Yes," explain:
 
Schedule G (Form 990) (Rev. 1-2025)
Schedule G (Form 990) (Rev. 1-2025)
Page 3
11
Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .
YesNo
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? . . . . . . . . . . . . . . . . .
YesNo
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? . . . . . . . . . . . . . . . . . . . . . . . .
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? . . . . . . . . . . . . . . . . . . .
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.
Return Reference Explanation
Schedule G (Form 990) (Rev. 1-2025)
Additional Data


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Schedule I
(Form 990)
(Rev. January 2025)
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 instructions and the latest information.
OMB No. 1545-0047
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) CITY OF ATLANTA
233 PEACHTREE STREET - HARRIS
TOWERS SUITE 1700
ATLANTA,GA30303 		58-6000511 GOVERNMENT UNIT 5,000,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(2) MAINSPRING CONSERVATION TRUST INC
PO BOX 1148
FRANKLIN,NC28744 		56-2142199 501C3 2,030,227 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(3) LAND TRUST FOR LOUISIANA
102 N HOLLY STREET
HAMMOND,LA70401 		35-2239029 501C3 1,055,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(4) COMMUNITY FOUNDATION OF NORTH CENTRAL WISCONSIN
200 WASHINGTON STREET 120
WAUSAU,WI55403 		39-1577472 501C3 1,000,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(5) STATE OF MARYLAND DEPARTMENT OF NATURAL RESOURCES
580 TAYLOR AVE E-4
ANNAPOLIS,MD21401 		52-6002033 GOVERNMENT UNIT 987,299 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(6) US NAVY
1314 HARWOOD STREET SE BLDG 212
NAVY YARD
WASHINGTON,DC20374 		GOVERNMENT UNIT 986,299 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(7) CONGAREE LAND TRUST
2711 MIDDLEBURG DR STE 312
COLUMBIA,SC29204 		57-0937485 501C3 810,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(8) VA DEPT OF WILDLIFE RESOURCES
7870 VILLA PARK DR 400
RICHMOND,VA23228 		54-6001721 GOVERNMENT UNIT 714,500 380,000 BOOK DONATED LAND CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(9) PRESERVATION VIRGINIA
204 WEST FRANKLIN ST
RICHMOND,VA23220 		54-0568800 501C3 568,590 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(10) STATE OF DELAWARE DEPARTMENT OF NATURAL RESOURCES AND ENVIRONMENTAL CONTRO
89 KINGS HIGHWAY
DOVER,DE19901 		51-6000279 GOVERNMENT UNIT 500,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(11) BUREAU OF LAND MANAGEMENT
106 PARKMONT
BUTTE,MT59701 		84-0437540 GOVERNMENT UNIT 500,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(12) TOWN OF GORHAM
20 PARK STREET
GORHAM,NH03581 		02-6000335 GOVERNMENT UNIT 277,193 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(13) COMMONWEALTH OF PENNSYLVANIA PENNSYLVANIA GAME COMMISSION
2001 ELMERTON A VENUE
HARRISBURG,PA17110 		25-1901045 GOVERNMENT UNIT 221,393 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(14) THE NATURE CONSERVANCY
4245 FAIRFAX DRIVE
ARLINGTON,VA22203 		53-0242652 501C3 216,544 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(15) US ARMY CORPS OF ENGINEERS
5722 INTEGRITY DRIVE
MILLINGTON,TN38054 		62-1642142 GOVERNMENT UNIT 200,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(16) LEECH LAKE BAND OF THE OJIBWE
190 SAILSTAR DRIVE NW
CASS LAKE,MN56633 		41-1242052 GOVERNMENT UNIT 200,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(17) MONTANA LAND RELIANCE FOUNDATION
PO BOX 355
HELENA,MT59624 		27-1125289 501C3 200,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(18) VERMONT DEPARTMENT OF FORESTS PARKS AND RECREATION
1 NATIONAL LIFE DRIVE DAVIS 2
MONTPELIER,VT05620 		03-6000264 GOVERNMENT UNIT 183,675 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(19) NORTH CAROLINA STATE UNIVERSITY
2005 HARRIS HALL CAMPUS BOX 7213
RALEIGH,NC27695 		56-6000756 501C3 163,164 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(20) MISSOURI BOTANICAL GARDEN BOARD OF TRUSTEES
4344 SHAW BOULEVARD
ST LOUIS,MO63110 		43-0666759 501C3 127,941 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(21) DEEP ROOTS FARM FOUNDATION
2401 PRIMM ROAD
CHARLOTTE,NC28216 		88-4102762 501C3 125,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(22) WEST ATLANTA WATERSHED ALLIANCE
PO BOX 10883
ATLANTA,GA30310 		20-0890449 501C3 120,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(23) NATURAL LAND INSTITUTE
320 S 3RD STREET
ROCKFORD,IL61104 		36-2478025 501C3 118,292 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(24) JO DAVIESS CONSERVATION FOUNDATION INC
126 N MAIN STREET
ELIZABETH,IL61028 		36-3913497 501C3 115,612 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(25) BLUE RIDGE WOMEN IN AGRICULTURE
PO BOX 67
BOONE,NC28607 		34-2011588 501C3 103,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(26) SARETT NATURE CENTER
2300 N BENTON CENTER ROAD
BENTON HARBOR,MI49022 		38-3058912 501C3 100,800 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(27) WOODLANDS COMMUNITY LENDERS INC
316 RAILROAD AVENUE SUITE 310
ELKINS,WV26241 		45-3779342 501C3 100,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(28) JOHNSON COUNTY PARK AND RECREATION DISTRICT
7900 RENNER ROAD
SHAWNEE MISSION,KS66219 		48-6090320 GOVERNMENT UNIT 100,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(29) MILWAUKEE METROPOLITAN SEWERAGE DISTRICT
260 W SEEBOTH ST
MILWAUKEE,WI53204 		39-6005720 GOVERNMENT UNIT 90,795 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(30) JAMES RIVER ASSOCIATION
16 S 17TH STREET
RICHMOND,VA23219 		51-0211913 501C3 90,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(31) MCDOWELL LFAC
263 BARNES RD SUITE J
MARION,NC28761 		83-2141213 501C3 90,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(32) THE DEPARTMENT OF ARKANSAS HERITAGE
1100 NORTH STREET
LITTLE ROCK,AR72201 		GOVERNMENT UNIT 90,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(33) MERRICK-MOORE COMMUNITY DEVELOPMENT CORPORATION
1821 HILLANDALE ROAD SUITE 1B
NUMBER 215
DURHAM,NC27705 		83-4223826 501C3 85,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(34) PIEDMONT CONSERVATION COUNCIL INC
201 E MAIN ST 5TH FLOOR
DURHAM,NC27701 		58-1798988 501C3 80,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(35) SIX RIVERS LAND CONSERVANCY
4480 ORION RD 2ND FLOOR
ROCHESTER,MI48308 		38-3189562 501C3 80,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(36) OKEFENOKEE SWAMP PARK INC
5700 OKEFENOKEE SWAMP PARK RD
WAYCROSS,GA31503 		58-0515884 501C3 80,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(37) INLAND WOODS TRAILS
PO BOX 572
BETHEL,ME04217 		45-3069168 501C3 75,300 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(38) PONTIAC COMMUNITY FOUNDATION INC
PO BOX 431362
PONTIAC,MI48343 		82-5321502 501C3 75,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(39) GENESEE COUNTY LAND BANK AUTHORITY
452 S SAGINAW STREET
FLINT,MI48502 		61-1480273 GOVERNMENT UNIT 75,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(40) CLEAN AIR TASK FORCE INC
114 STATE ST 6TH FLOOR
BOSTON,MA02109 		04-3512550 501C3 75,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(41) FRIENDS OF ANACOSTIA PARK
600 PENNSYLVANIA AVE SE UNIT 15178
WASHINGTON,DC20003 		87-3349249 501C3 75,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(42) GRANITE STATE WOODLAND INSTITUTE
54 PORTSMOUTH STREET
CONCORD,NH03301 		30-0008326 501C3 70,430 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(43) WESTERN PENNSYLVANIA CONSERVANCY
800 WATERFRONT DRIVE
PITTSBURGH,PA15222 		25-1053485 501C3 70,371 9,523,492 BOOK DONATED LAND CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(44) DETROIT PARKS COALITION
2937 E GRAND BLVD
DETROIT,MI48202 		92-0926568 501C3 70,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(45) FEAST DOWN EAST
PO BOX 55
BURGAW,NC28425 		32-0333038 501C3 70,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(46) SANDHILLS AGINNOVATION CENTER INC
PO BOX 1266
ROCKINGHAM,NC28380 		83-4500103 501C3 70,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(47) MEN AND WOMEN UNITED FOR YOUTH AND FAMILIES CDC
PO BOX 315
DELCO,NC28436 		16-1770367 501C3 70,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(48) TOE RIVER AGGREGATION CENTER TRAINING ORGANIZATION REGIONAL INC
PO BOX 1507
BURNSVILLE,NC28714 		45-5100047 501C3 70,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(49) URBAN COMMUNITY AGRINOMICS (UCAN)
2080 SAWMILL CREEK PARKWAY
DURHAM,NC27712 		81-0691944 501C3 70,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(50) WORKING LANDSCAPES
108C SOUTH MAIN STREET SUITE 2
WARRENTON,NC27589 		27-2082921 501C3 70,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(51) FARMER FOODSHARE
902 N MANGUM STREET
DURHAM,NC27701 		27-3717889 501C3 70,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(52) UTAH OPEN LANDS CONSERVATION ASSOCIATION INC
1488 SOUTH MAIN STREET
SALT LAKE CITY,UT84115 		87-0480542 501C3 60,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(53) DURHAM COMMUNITY LAND TRUSTEES INC
1208 W CHAPEL HILL ST
DURHAM,NC27701 		56-1203878 501C3 60,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(54) GREATER BAYBROOK ALLIANCE
2717 SAINT PAUL ST
BALTIMORE,MD21218 		82-5509289 501C3 60,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(55) THE UNIVERSITY OF TENNESSEE
210 STUDENT SERVICES BUILDING
KNOXVILLE,TN37996 		62-6001636 501C3 50,182 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(56) JAMESTOWN REDISCOVERY FOUNDATION
1365 COLONIAL PARKWAY
JAMESTOWN,VA23081 		47-2945490 501C3 50,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(57) THOMAS JEFFERSON FOUNDATION INC
PO BOX 316
CHARLOTTESVILLE,VA22902 		54-0505959 501C3 49,982 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(58) LONGWOOD GARDENS INC
PO BOX 501
KENNETT SQUARE,PA19348 		51-0110625 501C3 45,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(59) COLONIAL WILLIAMSBURG FOUNDATION
PO BOX 79788
BALTIMORE,MD21279 		54-0505888 501C3 40,133 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(60) SOUL TRAK OUTDOORS
1651 1/2 38TH ST SE
WASHINGTON,DC20020 		83-2506329 501C3 40,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(61) ALABAMA HIKING TRAIL SOCIETY
399 W 3RD STREET
SYLACAUGA,AL35150 		94-3418444 501C3 36,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(62) PARTNERS FOR ENVIRONMENTAL JUSTICE (PEJ)
813 DARBY STREET
RALEIGH,NC27610 		71-0879549 501C3 35,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(63) VIRGINIA INSTITUTE OF MARINE SCIENCE
PO BOX 8795
WILLIAMSBURG,VA23187 		54-6001802 501C3 34,060 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(64) PARKLANDS FOUNDATION INC
PO BOX 12
NORMAL,IL61761 		37-6075466 501C3 33,013 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(65) TOWN OF RUMFORD
145 CONGRESS STREET SUITE 3
RUNFORD,ME04276 		01-6000351 GOVERNMENT UNIT 30,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(66) PENDER COUNTY CHRISTIAN SERVICES INC
PO BOX 84
BURGAW,NC28425 		56-1382749 501C3 30,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(67) GLEN ALPINE FOOD PANTRY INC
PO BOX 7
GLEN ALPINE,NC28628 		87-2903311 501C3 30,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(68) CHIPPEWA NATURE CENTER
400 S BADOUR RD
MIDLAND,MI48640 		38-1859315 501C3 30,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(69) FRANKLIN COUNTY INTERFAITH COUNCIL
113 JOLLY STREET
LOUISBURG,NC27549 		87-2315073 501C3 30,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(70) SHIAWASSEE RIVER WATER TRAIL CORPORATION
211 HICKORY STREET
LINDEN,MI48451 		87-4142604 501C3 30,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(71) WARREN MINISTRIES UNITED
160 STAGECOACH RD
WARRENTON,NC27589 		93-1574389 501C3 25,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(72) LOON ECHO LAND TRUST INC
8 DEPOT STREET SUITE 4
BRIDGTON,ME04009 		22-2966924 501C3 25,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(73) FIRST WARD COMMUNITY SERVICES
1410 N 12TH ST
SAGINA,MI48601 		38-1367311 501C3 25,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(74) WALLS CHAPEL UNITED METHODIST CHURCH
128 W EDINBOROUGH AVE
RAEFORD,NC28376 		35-2436333 501C3 25,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(75) GATHERING WATERS INC
211 SOUTH PATERSON ST SUITE 270
MADISON,WI53703 		39-1805090 501C3 25,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(76) FRESHWATER LAND TRUST
3501 1ST AVE S
BIRMINGHAM,AL35222 		72-1387424 501C3 21,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(77) LIVE OAK UNITED METHODIST CHURCH (BLADEN FAITH COALITION)
3963 CEDAR CREEK RD
FAYETTEVILLE,NC28312 		56-1955955 501C3 21,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(78) VIRGINIA CONSERVATION NETWORK
701 E FRANKLIN ST SUITE 800
RICHMOND,VA23219 		51-0198762 501C3 20,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(79) BRIDGEPORT CHARTER TOWNSHIP
6740 DIXIE HIGHWAY
BRIDGEPORT,MI48722 		38-6018173 GOVERNMENT UNIT 20,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(80) CHANGE
PO BOX 640313
PIKE RD,AL36064 		83-4622564 501C3 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(81) NORTH EAST STATE FORESTERS ASSOCIATION
PO BOX 2911
CONCORD,NH03302 		14-1737114 501C3 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(82) THRIVE APPALACHIA
ATTN PANA COLUMBUS PO BOX 52
MICAVILLE,NC28755 		92-2126227 501C3 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(83) SPARTA UNITED METHODIST CHURCH
PO BOX 697
SPARTA,NC28675 		56-1153019 501C3 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(84) DOUGLASS COMMUNITY LAND TRUST
1231 MARION BARRY AVE SE
WASHINGTON,DC20020 		84-3594302 501C3 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(85) GENESEE SOIL & WATER CONSERVATION DISTRICT
1525 N ELMS RD
FLINT,MI48532 		38-1723780 GOVERNMENT UNIT 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(86) THE COTTAGERS INC
PO BOX 2595
OAK BLUFFS,MA02557 		04-3016897 501C3 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(87) LAUREL COMMUNITY CENTER ORG INC
4100 NC HWY 212
MARSHALL,NC28753 		83-2417879 501C3 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(88) LILLINGTON UNITED METHODIST CHURCH
171 MAMIE FERGUSON DR
LILLINGTON,NC27546 		56-1396011 501C3 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(89) GROWING PONTIAC
119 OLIVER STREET
PONTIAC,MI48342 		47-5532159 501C3 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(90) MICAH 6 COMMUNITY
32 NEWBERRY
PONTIAC,MI48341 		45-4458125 501C3 15,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(91) ST PETER'S UNITED METHODIST CHURCH
322 MARTIN LUTHER KING AVENUE
OXFORD,NC27565 		56-1397956 501C3 14,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(92) FULL SPECTRUM FARMS INC
P O BOX 3101
CULLOWHEE,NC28723 		01-0586454 501C3 14,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(93) ORIENTAL UNITED METHODIST CHURCH
PRIME TIME
ORIENTAL,NC28571 		38-3859627 501C3 13,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(94) CASTING BREAD MINISTRIES
194 AHO RD
BLOWING ROCK,NC28605 		45-3482657 501C3 13,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(95) CENTRO COMUNITARIO HISPANO AMERICANO INC
PO BOX 1632
BREVARD,NC28712 		20-2001969 501C3 13,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(96) RESTORATION WELDON
PO BOX 144
WELDON,NC27890 		87-3558273 501C3 13,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(97) CAROLINA COMMON ENTERPRISE
FISCAL AGENT FOR WNC FARM TO TABLE
DURHAM,NC27709 		46-0568407 501C3 13,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(98) NORTHERN PITT COUNTY IMPROVEMENT ASSOCIATION INC
PO BOX 332
BETHEL,NC27812 		46-5686087 501C3 12,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(99) WEST END UNITED METHODIST CHURCH
PO BOX 276
WEST END,NC27376 		56-1152874 501C3 12,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(100) VERSADEMICS LEARNING CENTERS
3950 VICTORY LANE BUILDING 1
WINTERVILLE,NC28590 		87-2049944 501C3 12,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(101) DAVIDSON COUNTY LOCAL FOOD NETWORK INC
141 SALLIE DRIVE
THOMASVILLE,NC27360 		88-3230347 501C3 12,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(102) MITCHELL GIVING GARDENS
PO BOX 356
SPRUCE PINE,NC28777 		86-2012354 501C3 12,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(103) KEEPERS OF THE SHIAWASSEE INC
PO BOX 22
LINDEN,MI48451 		82-0765886 501C3 12,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(104) PINEY CREEK UNITED METHODIST CHURCH
924 NC HIGHWAY 93
SPARTA,NC28675 		56-1210563 501C3 12,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(105) DUNN UNITED MINISTERIAL ASSOCIATION INC
DUMA FOOD PANTRY AND HELP CENTER
DUNN,NC28334 		47-5186073 501C3 12,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(106) MEANINGFUL INDUSTRIES COLLABORATIVE CORPORATION
M I CO CORPORATION 312 ST ANDREW ST
TARBORO,NC27886 		85-3948463 501C3 12,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(107) HUNGER COALITION OF TRANSYLVANIA COUNTY
PO BOX 1695
BREVARD,NC28712 		82-3451552 501C3 12,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(108) OCEAN VIEW UNITED METHODIST CHURCH
8400 E OAK ISLAND DR
OAK ISLAND,NC28465 		56-1581501 501C3 12,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(109) ST MARY'S COLLEGE OF MARYLAND
18952 E FISHER ROAD
ST MARYS CITY,MD20686 		52-6002033 501C3 11,895 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(110) COUNTY OF MITCHELL
QUILT RESOURCE CENTER
BAKERSVILLE,NC28705 		56-6000320 GOVERNMENT UNIT 11,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(111) FLEMINGS OUTREACH AND RESOURCE CENTER INC
PO BOX 56
WILSONS MILLS,NC27593 		83-1983597 501C3 11,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(112) PINEY GROVE AME ZION CHURCH
1430 TEMPLES POINT RD
HAVELOCK,NC28532 		56-1410058 501C3 11,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(113) BOILING SPRINGS COMMUNITY GARDEN
121 BETHEL AVE
SHELBY,NC28152 		99-0636005 501C3 11,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(114) PRIDE OF BERTIE
PO BOX 184
WINDSOR,NC27983 		93-3832816 501C3 11,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(115) TRIUMPH TEAM
PO BOX 2817
LUMBERTON,NC28359 		86-3673984 501C3 11,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(116) INTEGRITY UNLIMITED COMMUNITY DEVELOPMENT CORPORATION
5259 US 264 ALTERNATE EAST
WILSON,NC27893 		27-0639378 501C3 11,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(117) HOLLA COMMUNITY DEVELOPMENT CORPORATION
PO BOX 88
WADESBORO,NC28170 		51-0562858 501C3 11,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(118) AIMHIGH-KEEP PRESSING
225 HORNER STREET
HENDERSON,NC27536 		87-1843445 501C3 11,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(119) DREAMING STONE ARTS AND ECOLOGY CENTER
382 PLEASANT HILL RD
RUTHERFORDTON,NC28138 		85-2988908 501C3 11,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(120) CENTER UNITED METHODIST CHURCH
4141 S PLANK RD
SANFORD,NC27330 		56-1151057 501C3 11,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(121) CLEVELAND COMMUNITY CARES INC
DBA COMMON GROUND CAFE
SHELBY,NC28151 		82-4732702 501C3 11,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(122) FRIENDS OF FONTA FLORA STATE TRAIL INC
PO BOX 698
MARION,NC28752 		84-4922798 501C3 10,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(123) CORDOVA UNITED METHODIST CHURCH
ATTN MARTHA CAMPBELL PO BOX 279
CORDOVA,NC28330 		56-1261288 501C3 10,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(124) THE BENJAMIN AND EDITH SPAULDING DESCENDANTS FOUNDATION INC
GEORGE HENRY WHITE MEMORIAL HEALTH
AND EDUCATION CENTER
DURHAM,NC27713 		56-2068902 501C3 10,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(125) WASHINGTON OUTREACH MINISTRY INC
PO BOX 507
WACO,NC28169 		80-0367776 501C3 10,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(126) UNCOMPLICATED KITCHEN INC
PO BOX 2093
CULLOWHEE,NC28723 		84-2581873 501C3 10,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(127) FMBC OF MAGNOLIA MINISTRIES INC
PO BOX 133
MAGNOLIA,NC28453 		87-2673675 501C3 10,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(128) BOYS 2 MEN INCORPORATED
64 FOX RUN CT
ROANOKE RAPIDS,NC27870 		84-2892191 501C3 10,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(129) ELK PARK UNITED METHODIST CHURCH
PO BOX 174
ELK PARK,NC28622 		46-4644918 501C3 10,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(130) GANG FREE INC
940 COUNTY HOME RD
HENDERSON,NC27536 		46-5376667 501C3 10,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(131) STAR UNITED METHODIST CHURCH
PO BOX 375
STAR,NC27356 		56-1397600 501C3 10,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(132) PELHAM COMMUNITY CENTER INC
PO BOX 221
PELHAM,NC27311 		56-1277420 501C3 10,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(133) SHIAWASSEE FAMILY YMCA
515 WEST MAIN STREET
OWOSSO,MI48867 		38-1359577 501C3 10,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(134) CITY OF MONTGOMERY
PO BOX 1111
MONTGOMERY,AL36104 		63-6001323 GOVERNMENT UNIT 10,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(135) GREAT LAKES BAY REGION QUALITY OF LIFE COUNCIL
515 N WASHINGTON AVE 2ND FL STE A
SAGINAW,MI48607 		47-3723701 501C3 9,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(136) GOOD STEWARDS OF ROCKINGHAM
790 STONE MOUNTAIN RD
STONEVILLE,NC27048 		84-2431276 501C3 9,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(137) PROSPECT UNITED METHODIST CHURCH INC
3541 SMITHTOWN ROAD
EAST BEND,NC27018 		56-1156155 501C3 9,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(138) JAMES RIVER INSTITUTE FOR ARCHAELOGY INC
300 MCLAWS CIR STE 100A
WILLIAMSBURG,VA23185 		54-1391265 501C3 9,322 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(139) TUSCARORA NATION OF NORTH CAROLINA INC
P O BOX 364
MAXTON,NC28364 		56-1735439 501C3 9,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(140) UNITED METHODIST CHURCH
FIRST UNITED METHODIST
CHURCH-CHERRYVILLE 601 N PINK ST
CHERRYVILLE,NC28021 		56-6023103 501C3 8,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(141) LAKE JAMES ENVIRONMENTAL ASSOCIATION INCORPORATED
PO BOX 430
NEBO,NC28761 		23-7355778 501C3 8,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(142) COMMUNITY IMPROVEMENT ASSOCIATION (ALABAMA)
828 GIBBS ROAD
PIKE ROAD,AL36064 		35-2701639 501C3 7,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(143) ERWIN CHURCHES HELPING OTHERS
PO BOX 593
ERWIN,NC28339 		87-4662852 501C3 7,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(144) YOUTH TALK
PO BOX 422
WELDON,NC27890 		84-3603622 501C3 7,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(145) MARSHALL NATIVE GARDENS INITIATIVE
1335 N MAIN ST
MARSHALL,NC28753 		93-4815507 501C3 7,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(146) SOUTHERN CAROLINA HOUSING INC
FISCAL AGENT FOR HEALTHY ROBESON
LUMBERTON,NC28358 		81-3178620 501C3 7,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(147) THE PINEY GROVE IMPROVEMENT ASSOCIATION
PO BOX 422
BOLIVIA,NC28422 		56-1717046 501C3 7,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(148) THEODORE ROOSEVELT CONSERVATION PARTNERSHIP
529 14TH STREET NW SUITE 500
WASHINGTON,DC20045 		04-3706385 501C3 7,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(149) NEW COVENANT UNITED METHODIST CHURCH
426 WOODSWAY LANE NW
LENOIR,NC28645 		38-4008012 501C3 7,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(150) TRINITY UNITED METHODIST CHURCH
PO BOX 48
RED SPRINGS,NC28377 		56-6003438 501C3 7,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(151) STANDING TOGETHER
PO BOX 342
LEMON SPRINGS,NC28533 		82-3884135 501C3 6,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(152) ORANGE COUNTY TRANSLATINAS
801 N LOARA ST 222
ANAHEIM,CA92801 		85-1255597 501C3 6,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(153) NEW HAMPSHIRE COMMUNITY LOAN FUND INC
7 WALL STREET
CONCORD,NH03301 		22-2524015 501C3 6,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(154) CO-OPERATE WNC
3 HUT TERRACE
BLACK MOUNTAIN,NC28711 		83-2502638 501C3 6,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(155) SALEM UNITED METHODIST CHURCH
4151 SALEM ROAD
OXFORD,NC27565 		30-0351517 501C3 6,000 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(156) CONGRESSIONAL SPORTSMEN'S FOUNDATION
110 NORTH CAROLINA AVENUE SE
WASHINGTON,DC20003 		52-1686163 501C3 5,500 0     CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(157) NPS (NATIONAL PARK SERVICE) SOUTHEAST REGION
100 ALABAMA STREET SW
ATLANTA,GA30303 		53-0197094 GOVERNMENT UNIT 0 984,898 BOOK DONATED LAND CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(158) CITY OF MADISON
101 W MAIN STREET
MADISON,WV25157 		GOVERNMENT UNIT 0 342,141 BOOK DONATED LAND CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(159) NC CO STATE PROPERTY OFFICE
1321 MAIL SERVICE CENTER
RALEIGH,NC27699 		56-1611588 GOVERNMENT UNIT 0 723,677 BOOK DONATED LAND CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(160) WV DIVISION OF NATURAL RESOURCES
324TH AVENUE
SOUTH CHARLESTON,WV25303 		GOVERNMENT UNIT 0 4,157,859 BOOK DONATED LAND CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(161) CITY OF WINSTON-SALEM NC
PO BOX 2756
WINSTONSALEM,NC27102 		56-6000241 GOVERNMENT UNIT 0 242,400 BOOK DONATED LAND CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(162) KACHEMAK HERITAGE LAND TRUST INC
315 KLONDIKE AVENUE
HOMER,AK99603 		94-3104608 501C3 0 90,000 BOOK DONATED LAND CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(163) USFWS
1011 E TUDOR ROAD
ANCHORAGE,AK99503 		14-0001849 GOVERNMENT UNIT 0 13,814,524 BOOK DONATED LAND CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(164) FRESHWATER LAND TRUST-JACKSONVILLE STATE UNIVERSITY
700 PELHAM ROAD N
JACKSONVILLE,AL36265 		63-6001099 501(C)(3) 0 259,090 BOOK DONATED LAND CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT
(165) AK DEPARTMENT OF NATURAL RESOURCES
550 W 7TH AVE
ANCHORAGE,AK99501 		92-6001185 GOVERNMENT UNIT 0 1,485,476 BOOK DONATED LAND 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
165
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) Rev. 1-2025

Schedule I (Form 990) Rev. 1-2025
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) GRANTS TO COMMUNITY LEADERS TO EMPOWER COMMUNITIES TO MANAGE THEIR LAND 6 300,000      
(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) Rev. 1-2025



Additional Data


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Software Version:  


Schedule J
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
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 on 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 on 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) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
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, 1099-MISC compensation, and/or 1099-NEC (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)		 494,555
-------------
0 		244,000
-------------
0 		1,584
-------------
0 		59,500
-------------
0 		37,074
-------------
0 		836,713
-------------
0 		0
-------------
0
2JOHN S GILBERT
EVP & CFO 		(i)

(ii)		 314,867
-------------
0 		150,000
-------------
0 		1,583
-------------
0 		32,263
-------------
0 		23,618
-------------
0 		522,331
-------------
0 		0
-------------
0
3DEAN H CANNON
EVP & GENERAL COUNSEL 		(i)

(ii)		 323,381
-------------
0 		150,000
-------------
0 		3,049
-------------
0 		32,263
-------------
0 		1,292
-------------
0 		509,985
-------------
0 		0
-------------
0
4MARK W ELSBREE
SVP CONSERVATION ACQUISITION 		(i)

(ii)		 251,280
-------------
0 		77,000
-------------
0 		1,033
-------------
0 		26,753
-------------
0 		38,763
-------------
0 		394,829
-------------
0 		0
-------------
0
5MATTHEW S SEXTON
SVP CONSERVATION ACQUISITION 		(i)

(ii)		 256,101
-------------
0 		73,000
-------------
0 		552
-------------
0 		26,753
-------------
0 		25,447
-------------
0 		381,853
-------------
0 		0
-------------
0
6MONICA A GARRISON
SVP & TREASURER 		(i)

(ii)		 242,138
-------------
0 		65,000
-------------
0 		1,032
-------------
0 		25,735
-------------
0 		37,683
-------------
0 		371,588
-------------
0 		0
-------------
0
7BRIAN J DANGLER
SVP & DIRECTOR OF WORKING FOREST FUN 		(i)

(ii)		 239,162
-------------
0 		68,000
-------------
0 		1,032
-------------
0 		25,367
-------------
0 		37,763
-------------
0 		371,324
-------------
0 		0
-------------
0
8KELLY M REED
SVP GOVERNMENT RELATIONS 		(i)

(ii)		 252,084
-------------
0 		75,000
-------------
0 		361
-------------
0 		25,417
-------------
0 		13,368
-------------
0 		366,230
-------------
0 		0
-------------
0
9EVAN H SMITH
SVP CONSERVATION VENTURES 		(i)

(ii)		 253,508
-------------
0 		66,000
-------------
0 		552
-------------
0 		25,575
-------------
0 		13,742
-------------
0 		359,377
-------------
0 		0
-------------
0
10ELIZABETH PALMER
VP OF HUMAN RESOURCES 		(i)

(ii)		 248,600
-------------
0 		60,000
-------------
0 		1,033
-------------
0 		25,383
-------------
0 		19,247
-------------
0 		354,263
-------------
0 		0
-------------
0
11ERIK J MEYERS
VP CLIMATE AND WATER SUSTAINABILITY 		(i)

(ii)		 231,506
-------------
0 		36,600
-------------
0 		4,944
-------------
0 		23,247
-------------
0 		12,484
-------------
0 		308,781
-------------
0 		0
-------------
0
12CHRISTOPHER D BELL
DEPUTY GENERAL COUNSEL 		(i)

(ii)		 233,367
-------------
0 		40,000
-------------
0 		1,032
-------------
0 		23,337
-------------
0 		1,292
-------------
0 		299,028
-------------
0 		0
-------------
0
13BLAINE T PHILLIPS JR
SVP CON ACQ (UNTIL 6/30/24) 		(i)

(ii)		 141,403
-------------
0 		70,000
-------------
0 		858
-------------
0 		0
-------------
0 		7,730
-------------
0 		219,991
-------------
0 		0
-------------
0
14MARGARET A MCCANTS
BOARD SEC & CON ACQ DIRECTOR 		(i)

(ii)		 137,925
-------------
0 		26,000
-------------
0 		359
-------------
0 		13,952
-------------
0 		12,779
-------------
0 		191,015
-------------
0 		0
-------------
0
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
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 SUPPLEMENTAL RETIREMENT PLAN THAT CALLS FOR ACCRUING $25,000 PER YEAR FOR THE CEO OF THE ORGANIZATION. THE ANNUAL COST OF $25,000 IS RECOGNIZED IN THE ORGANIZATION'S FINANCIAL RECORDS EACH YEAR, BUT PURSUANT TO IRS RULES THE CONTRIBUTIONS ARE NOT COUNTED AS TAXABLE INCOME UNTIL THEY ARE DISTRIBUTED TO THE CEO. UNDER THE PLAN, ACCRUED AMOUNTS ARE TO BE DISTRIBUTED TO THE CEO IN SPECIFIED INTERVALS WHEN THE CEO REACHES CERTAIN AGES IF HE IS STILL EMPLOYED BY THE ORGANIZATION, OR UPON HIS DEATH OR PERMANENT DISABILITY, AND ARE FORFEITED IF THERE IS A TERMINATION OF EMPLOYMENT PRIOR TO A DISTRIBUTABLE EVENT. THE NEXT DISTRIBUTION IS EXPECTED IN THE YEAR ENDING 12/31/25.
PART I, LINE 7 ALL FUND EMPLOYEES, INCLUDING OFFICERS AND OTHER KEY EMPLOYEES, ARE ELIGIBLE FOR DISCRETIONARY BONUSES THAT ARE PAID ANNUALLY, USUALLY 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 (Form 990) (Rev. 1-2025)

Additional Data


Software ID:  
Software Version:  
Schedule L
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
THE CONSERVATION FUND A NONPROFIT
CORPORATION
Employer identification number

52-1388917
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
Total ............... $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990) (Rev. 1-2025)
Schedule L (Form 990) (Rev. 1-2025)
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 6,000,000 TCF PURCHASED LAND FOR CONSERVATION PURPOSES THROUGH A BARGAIN SALE CONTRACT. THE CASH AMOUNT OF THE SALE IS INCLUDED IN COLUMN (C) AS THE AMOUNT OF THE TRANSACTION.   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990) (Rev. 1-2025)


Additional Data


Software ID:  
Software Version:  




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large image Complete 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 image Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2024
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 57 1,383,213 SALE PRICE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		X 1 3,000,000 APPRAISAL
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ... X 15 27,095,235 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
8
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 isn't 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 didn't 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) (2024)
Schedule M (Form 990) (2024)
Page 2
Part IISupplemental 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
PART I, COLUMN (B): THE NUMBER INCLUDED IN PART I, COLUMN B FOR LINE 9, SECURITIES - PUBLICLY TRADED, IS THE NUMBER OF CONTRIBUTIONS RECEIVED. THE NUMBER INCLUDED IN PART I, COLUMN B FOR LINE 14, QUALIFIED CONSERVATION CONTRIBUTION - OTHER AND LINE 17, REAL ESTATE - OTHER, IS THE NUMBER OF ITEMS CONTRIBUTED.
Schedule M (Form 990) (2024)

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990)
(Rev. January 2025)
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.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
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 2 BOARD MEMBERS, CHARLES CHERINGTON AND SHAMEEK KONAR, HAVE A BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF THE ORGANIZATION WERE CHANGED IN THREE WAYS: (1) ARTICLE IV, SECTION 1, WAS REVISED TO PROVIDE THAT THE CHAIR AND VICE CHAIRS MAY BE RE-ELECTED TO ONE ADDITIONAL TERM OF UP TO THREE YEARS. (2) ARTICLE III, SECTION 2, WAS REVISED TO CLARIFY THAT A BOARD MEMBER ELECTED OR RE-ELECTED AS CHAIR OR VICE CHAIR DURING OR AT THE END OF HIS/HER LAST TERM AS A DIRECTOR, INCLUDING ANY EXTENDED TERM, MAY CONTINUE TO SERVE THE FULL TERM AS CHAIR OR VICE CHAIR EVEN IF IT GOES BEYOND THE 12-YEAR TERM LIMIT, SUBJECT TO A LIMIT OF 15 CONSECUTIVE YEARS FOR A BOARD MEMBER'S INITIAL TERM OF SERVICE. (3) A STATEMENT WAS ADDED IN ARTICLE IV, SECTION 1, TO CLARIFY THAT THE TERMS OF THE CHAIR AND VICE CHAIRS MAY BE COTERMINOUS OR STAGGERED AS DEEMED APPROPRIATE BY THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT AUDITING FIRM ENGAGED TO CONDUCT THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS IS ALSO ENGAGED TO ASSIST IN THE PREPARATION OF THE FORM 990. THE CHIEF FINANCIAL OFFICER AND FINANCE STAFF DIRECTLY PARTICIPATE IN THE PREPARATION OF THE FORM, PROVIDING RESPONSES TO QUESTIONS, SUPPORTING SCHEDULES, AND REVIEWING THE FORM 990 IN DRAFT. COUNSEL ALSO REVIEWS THE FULL DRAFT REPORT AND A COPY IS PROVIDED TO THE FULL BOARD FOR COMMENTS AND QUESTIONS. SUBSEQUENT TO THE REVIEW AND REVISION PROCESS, THE FORM 990 IS FINALIZED AND FILED WITH THE IRS. COPIES OF THE FORM ARE MADE AVAILABLE FOR PUBLIC INSPECTION.
FORM 990, PART VI, SECTION B, LINE 12C CONFLICT POLICY COPIES ARE PROVIDED TO EACH DIRECTOR AND OFFICER AT A REGULAR BOARD MEETING EACH YEAR, VIA U.S. MAIL, OR BY ELECTRONIC MAIL. EACH SUCH PERSON MUST SIGN AND RETURN THE FORM TO INDICATE THAT HE/SHE/THEY HAS READ THE POLICY AND UNDERSTANDS THE DUTIES UNDER IT.
FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE COMMITTEE OF THE FUND'S BOARD OF DIRECTORS ACTS AS A COMPENSATION COMMITTEE FOR PURPOSES OF THE CEO'S COMPENSATION, AND ESTABLISHES THE CEO'S COMPENSATION EACH YEAR AT A SPECIAL MEETING DEVOTED TO (1) REVIEWING AND APPROVING THE OVERALL COMPENSATION TO BE PAID TO THE FUND'S CORPORATE OFFICERS AS A GROUP; (2) REVIEWING AND MAKING DETERMINATIONS REGARDING THE COMPENSATION AND BENEFITS OF THE INDIVIDUALS DEEMED "DISQUALIFIED PERSONS" UNDER RELEVANT IRS RULES (INCLUDING THE CEO); AND (3) ESTABLISHING THE COMPENSATION OF THE CEO. THE GOVERNANCE COMMITTEE OBTAINS A COMPENSATION SURVEY OR STUDY FROM AN INDEPENDENT CONSULTANT EVERY THREE TO FOUR YEARS THAT COVERS ALL OF THE CORPORATE OFFICERS. THE MOST RECENT COMPENSATION STUDY FROM AN INDEPENDENT CONSULTANT WAS PREPARED FOR THE GOVERNANCE COMMITTEE IN NOVEMBER OF 2024.
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 THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
FORM 990, PART XI, LINE 9: DISTRIBUTIONS FROM WHITE PINE FOREST 1,268,320. NOI FROM LUPINE FOREST -300,547. NOI FROM HOBART STREAM -4,834.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) (Rev. 1-2025)


Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
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) BLY HOLLOW LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 2,735,946 11,105,954 THE CONSERVATION FUND
 
(2) BRANDYWINE BEAVER VALLEY LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 0 0 THE CONSERVATION FUND
 
(3) CHADBOURNE FOREST LLC
1656 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22210
 CONSERVATION REAL ESTATE OWNERSHIP DE 0 0 THE CONSERVATION FUND
 
(4) CLARION JUNCTION LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 57,866,807 89,441,013 THE CONSERVATION FUND
 
(5) GOTHAM WOODS LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 0 8,112,963 THE CONSERVATION FUND
 
(6) PELICAN RIVER FOREST LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 11,409,762 36,826,261 THE CONSERVATION FUND
 
(7) SHELTERWOOD HOLDINGS I LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 0 0 THE CONSERVATION FUND
 
(8) SHELTERWOOD HOLDINGS II LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 0 0 THE CONSERVATION FUND
 
(9) TCF SABINE RANCH HUNT CLUB LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 OUTDOOR RECREATIONAL OPPORTUNITIES DE 0 0 THE CONSERVATION FUND
 
(10) WAPITI WOODS LLC
1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
 CONSERVATION REAL ESTATE OWNERSHIP DE 0 0 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)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) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
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
(1) WHITE PINE FOREST LLC

1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
85-1228472 		CONSERVATION REAL ESTATE OWNERSHIP DE THE CONSERVATION FUND
  		RELATED 140,164 11,826,491   No   Yes   75.000 %
(2) LUPINE FOREST LLC

1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
87-2816763 		CONSERVATION REAL ESTATE OWNERSHIP DE THE CONSERVATION FUND
  		RELATED -319,941 19,564,401   No -371,500 Yes   20.000 %
(3) BARNARD FOREST LLC

1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
93-1874108 		CONSERVATION REAL ESTATE OWNERSHIP DE THE CONSERVATION FUND
  		RELATED 3,824 6,830,482   No -28,137 Yes   66.670 %
(4) HOBART STREAM LLC

1655 N FORT MYER DRIVE SUITE 1300
ARLINGTON,VA22209
99-2418881 		CONSERVATION REAL ESTATE OWNERSHIP DE THE CONSERVATION FUND
  		RELATED 35,166 2,447,233   No   Yes   50.000 %






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) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
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
 
No
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
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
Yes
 
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
Yes
 
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) WHITE PINE FOREST LLC

 L 21,700 GAAP
(2) BARNARD FOREST LLC

 L 25,000 GAAP
(3) WHITE PINE FOREST LLC

 S 1,268,320 GAAP
(4) HOBART STREAM LLC

 B 2,445,475 GAAP
(5) HOBART STREAM LLC

 L 40,000 GAAP
(6) LUPINE FOREST LLC

 S 1,201,376 GAAP
Schedule R (Form 990) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
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) (Rev. 1-2025)
Schedule R (Form 990) (Rev. 1-2025)
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) (Rev. 1-2025)

Additional Data


Software ID:  
Software Version: