Financials and Disclosures
The Conservation Fund has the distinction of being one of the nation’s top-rated land conservation organizations. Our efficiency is a hallmark of who we are.

Introduction
We put over 90 percent of our budget directly into conservation.
For our efforts, we have achieved Charity Navigator’s 4-star rating for sound fiscal management and commitment to accountability and transparency, are rated A+ by Charity Watch, and have earned the Platinum Seal of Transparency from GuideStar.
The Conservation Fund is also nationally recognized for going beyond financial metrics to meet the highest standards of effectiveness in achieving results. We have been awarded accreditation from the Land Trust Accreditation Commission for demonstrating the quality of our work and the permanent results of our conservation efforts.
Our work is made possible with generous support from individuals, foundations, corporations and government agencies. Our commitment to accountability and donor transparency remains a cornerstone of our operations. We never sell donor information, nor do we make our donor list available to anyone outside the organization.
Our financial and tax forms are available as PDF downloads:
- The Conservation Fund’s 2023 Audited Financials
- The Conservation Fund’s 2023 990 Form
- The Conservation Fund’s 2022 Audited Financials – Excluding NCIFund
- The Conservation Fund’s 2022 990 Form
- The Conservation Fund’s 2021 Audited Financials – Including NCIFund
- The Conservation Fund’s 2021 Audited Financials – Excluding NCIFund
- The Conservation Fund’s 2021 990 Form
- The Conservation Fund’s 2020 Audited Financials – Including NCIFund
- The Conservation Fund’s 2020 Audited Financials – Excluding NCIFund
- The Conservation Fund’s 2020 990 Form
- The Conservation Fund’s 2019 Audited Financials – Including NCIFund
- The Conservation Fund’s 2019 Audited Financials – Excluding NCIFund
- The Conservation Fund’s 2019 990 Form
Our most recent Annual Report is available to be viewed online. The past four years are available as PDF downloads:
- The Conservation Fund’s 2022 Annual Report
- The Conservation Fund’s 2021 Annual Report
- The Conservation Fund’s 2020 Annual Report
- The Conservation Fund’s 2019 Annual Report
Updated Disclosures
The following updated activity information is provided to bondholders by The Conservation Fund.
- April 9, 2024: Taxable Green Bonds (Working Forest Conservation Program), Series 2019 Updated Disclosures
- June 20, 2023: Taxable Green Bonds (Working Forest Conservation Program), Series 2019 Updated Disclosures
- June 6, 2022: Taxable Green Bonds (Working Forest Conservation Program), Series 2019 Updated Disclosures
- April 15, 2021: Taxable Green Bonds (Working Forest Conservation Program), Series 2019 Updated Disclosures
- June 30, 2020: Taxable Green Bonds (Working Forest Conservation Program), Series 2019 Updated Disclosures
Land Trust Accreditation Renewal Announcement – Public Comment Now Open
The Land Trust Accreditation Commission, an independent program of the Land Trust Alliance, recognizes and certifies land conservation organizations that meet national quality standards for protecting important natural places and working lands forever. The Conservation Fund and our supporting organization, Sustainable Conservation, Inc., is in the process of applying for renewal of accreditation. A public comment period is now open.
The Commission invites public input and accepts signed, written comments on pending applications. Comments must relate to how The Conservation Fund and/or Sustainable Conservation, Inc. complies with national quality standards. These standards address the ethical and technical operation of a land trust. Click here for the full list of standards.
To learn more about the accreditation program and to submit a comment, visit www.landtrustaccreditation.org, or email your comment to info@landtrustaccreditation.org. Comments may also be mailed to the Land Trust Accreditation Commission, Attn: Public Comments, 36 Phila Street, Suite 2, Saratoga Springs, NY 12866. Comments are due March 22, 2025.
Photo credits (from top of page): Jay Brittain