By Story Clark
Ultimately, a accomplished e-book on land conservation financing for neighborhood and nearby conservation leaders. A box consultant to Conservation Finance presents crucial recommendation on find out how to take on the common hindrance to conserving deepest land in the United States: loss of money. Story Clark dispels the myths that conservationists can entry in basic terms deepest cash managed via contributors or that basically huge conservation corporations have clout with tremendous capital markets. She exhibits how small land conservation agencies can in attaining conservation pursuits utilizing either conventional and state of the art monetary suggestions. Clark outlines crucial instruments for elevating funds, borrowing funds, and decreasing the price of transactions. She covers a number topics together with move charges, voluntary surcharges, vendor financing, revolving money, and venture comparable funding courses (PRIs). a transparent, well-written evaluation of the fundamentals of conservation finance with valuable insights and actual tales mix to create a publication that's a useful and obtainable consultant for land trusts trying to safeguard extra land.
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Extra resources for A Field Guide to Conservation Finance
Opening Doors and Creating Options Consider the Hardeman Meadows example described in chapter 1. What should the land trust have done to create financial options well in advance of having to purchase the ranch? It should have been building relationships with friends, banks, county officials, and the business community so that these parties could have known enough and cared enough about the land trust to help at the right moment. Instead, the land trust had to do all that relationship building at the same time that it was raising money and while the option clock was ticking.
Not only is a strong annual giving campaign the basis for financial stability, it is also the launching pad for a capital campaign to buy, protect, and steward land and conservation easements. Annual donors should be knowledgeable about the organization’s activities and, if possible, personally acquainted with its board and staff. Find ways to inform donors throughout the year with newsletters, a Web site, and personal correspondence. Bringing donors and prospects closer to the land trust’s activities leads to greater interest, involvement, and financial participation.
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. A land trust might find that the obvious outcome is only one of several worth pursuing. 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.
A Field Guide to Conservation Finance by Story Clark