By Story Clark
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Additional info for A Field Guide to Conservation Finance
This is also the time to prioritize the strategies and create a backup plan. As a land trust grows more sophisticated, it can use its financial plan to develop larger landscape-scale initiatives and to broaden its financing options at that scale. 000-000 32 3/15/08 5:27 PM Page 32 Positioning Your Organization 28-million-acre system, the cost of protecting them, and where the money might realistically come from. The resulting document identified ten sources of funding to conserve the most critical one million privately owned acres in the ecosystem and estimated the potential revenue from each source based on past performance and consultation with local experts.
The more appealing the project is, the easier it can be to finance, especially privately. If it has a combination of special attributes, it can attract a more diverse following and a greater variety of funding sources. , fishers and float trip operators). Your parcel may not have all those attributes though. It may be only an acre and a half, located behind a grocery store and too wet to easily see or visit. This was the case for a hidden jewel donated to the Jackson Hole Land Trust that required $54,000 for restoration and access to create an outdoor laboratory for a nearby public school and an elevated walkway to a nearby park.
Land trusts that send detailed memos and budgets for each project to the board for approval are already doing most of the work of financial planning. A financial plan should map out every step for a transaction, from the initial feasibility study to the celebration party, before getting involved in the project. The plan should anticipate as many of these steps as possible. Part of developing the plan is considering appropriate types of funding and financing and the sources for them. The planning stage is the perfect time to do “out-of-the-box” brainstorming on all possible conservation outcomes and all possible ways of achieving them.