SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet 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.
SchDMd Bullet Attach to Form 990.
SchDMd Bullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2020
Open to Public Inspection
Name of the organization
THE NATURE CONSERVANCY
 
Employer identification number

53-0242652
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 ......... 39  
2 Aggregate value of contributions to (during year) 31,376,705  
3 Aggregate value of grants from (during year) 7,044,265  
4 Aggregate value at end of year ........ 66,054,025  
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 2,789
b Total acreage restricted by conservation easements .................... 2b 3,671,917.00
c Number of conservation easements on a certified historic structure included in (a) ..... 2c 1
d Number of conservation easements included in (c) acquired after 7/25/06, 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 SchDMd Bullet25
4
Number of states where property subject to conservation easement is located SchDMd Bullet49
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
SchDMd Bullet29205.00
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $ 953,828
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 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
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 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2020

Schedule D (Form 990) 2020
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 .... 1,347,399,103 1,322,550,078 1,294,730,157 1,201,781,285 1,114,692,167
b Contributions ... 18,467,085 14,146,775 17,714,330 23,053,347 8,390,434
c Net investment earnings, gains, and losses 339,568,995 61,939,967 65,157,423 107,038,420 122,916,842
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		48,505,194 51,237,717 55,051,832 37,142,895 44,218,158
f Administrative expenses ....          
g End of year balance ...... 1,656,929,989 1,347,399,103 1,322,550,078 1,294,730,157 1,201,781,285
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet68.100 %
b
Permanent endowment SchDMd Bullet16.950 %
c
Term endowment SchDMd Bullet14.950 %
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 .....   18,728,078 18,728,078
b Buildings ....   163,409,323 71,535,480 91,873,843
c Leasehold improvements   30,301,777 19,072,663 11,229,114
d Equipment ....   59,486,638 51,028,522 8,458,116
e Other .....   24,992,653 3,014,539 21,978,114
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 152,267,265
Schedule D (Form 990) 2020

Schedule D (Form 990) 2020
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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) PRIVATE EQUITY		 282,198,568 C

(B) SPLIT-INTEREST INVESTMENTS		 395,420,780 C

(C) COMMINGLED EQUITY FUNDS		 97,159,806 C

(D) HEDGE FUNDS		 776,284,462 C

(E) PRIVATE REAL ESTATE		 122,309,674 C
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 1,673,373,290
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
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
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 EASEMENTS 2,415,001,795
(2)SECURITIES PLEDGED UNDER SECURITIES LENDING AGREEMENT 61,264,937
(3)DUE TO/DUE FROM INTERCOMPANY 76,255,774
(4)CONSERVATION LANDS 2,037,339,375
(5)RIGHT TO USE ASSETS 40,785,041
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 4,630,646,922
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  
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 384,257,342
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) 2020

Schedule D (Form 990) 2020
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 1,825,664,912
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a 373,683,760
b Donated services and use of facilities ......... 2b 23,963,268
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 96,143,069
e Add lines 2a through 2d ..................... 2e 493,790,097
3 Subtract line 2e from line 1.................. 3 1,331,874,815
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 19,440,861
b Other (Describe in Part XIII.) ........... 4b -61,184,836
c Add lines 4a and 4b.................... 4c -41,743,975
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 1,290,130,840
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 ........... 1 902,944,535
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a 23,963,268
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d -10,204,202
e Add lines 2a through 2d.................... 2e 13,759,066
3 Subtract line 2e from line 1................... 3 889,185,469
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 19,440,861
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c 19,440,861
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 908,626,330
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: DURING THE TAX YEAR, 17 EASEMENTS WERE TRANSFERRED OR SOLD ALL TO QUALIFIED ORGANIZATIONS AS DEFINED IRC SEC. 170(H)(3) AND THE RELATED REGULATIONS AND ALL AS REQUIRED AND CONSISTENT WITH THE CONSERVATION ACTION PLAN FOR THE PROPERTIES. EASEMENTS TRANSFERRED OR SOLD WERE: (1) CANE CREEK CANYON (LACEFIELD NORTH ADDITION) 8/18/2020; (2) CANE CREEK CANYON (LACEFIELD 3) 8/18/2020; (3) CANE CREEK CANYON/LITTLE MOUNTAIN (LACEFIELD) 8/18/2020; (4) SANDS (TNC CE) 1/20/2021; (5) GRAND MARAIS-WEST BAY (DAVIS EAST) 6/21/2021; (6) FALLS CREEK (CEDAR ROCK LTD. PARTNERSHIP) 8/18/2020; (7) ST. HELENA ESTUARY (HAGERTY) JEHOSSEE 9/28/2020; (8) HOLLY HILL PLANTATION (PRATT 1) 1/20/2021; (9) HOLLY HILL PLANTATION (PRATT 2) 1/20/2021; (10) BAILEY ISLAND (FULLER STREET CORPORATION) 4/16/2021; (11) NORTHERN TALLGRASS PRAIRIE NATIONAL WILDLIFE REFUGE (ROIGER) 12/18/2020; (12) BLUESTEM PRAIRIE (BECKETT) 2/11/2021; (13) PRAIRIE COTEAU (BURMEISTER, KURT & KARI) 2/11/2021; (14) ORDWAY/GLACIAL LAKES (SKARPNESS) 5/28/2021; (15) HOLE-IN-THE-MOUNTAIN PRAIRIE (BERKENPAS TRUSTS) 6/17/2021; (16) PRAIRIE COTEAU (KNUTSON, SHERWOOD & ELAINE) 6/17/2021; AND (17) UTAH LAKE (ROBINS) 12/18/2020. DURING THE TAX YEAR, 8 CONSERVATION EASEMENTS WERE AMENDED: (1) COSUMNES (FORSTER) 9/23/2020 TO PERMIT CA DOT TO INSTALL A ROUNDABOUT OVER 0.59 ACRES TO IMPROVE TRAFFIC SAFETY IN LIEU OF CONDEMNATION; (2) LA GARITA RANCH (PHIPPS) 3/23/2021 TO STRENGTHEN PROTECTIONS BY IMPOSING ADDITIONAL RESTRICTIONS ON WATER RIGHTS AND CATTLE GRAZING, AND ELIMINATING LANDOWNER'S RIGHT TO SUBDIVIDE; (3) ALTAMAHA/OGEECHEE (CANNONS POINT) 2/18/2021 TO ADD 99.20 ACRES TO THE PROTECTED PROPERTY; (4) THOMPSON/LOWER CLARK FORK AKA BULL RIVER (RYDER) 3/22/2021 TO CLEARLY IDENTIFY BOUNDARIES OF THE RESIDENTIAL AREA WITHIN THE PROTECTED PROPERTY; NO CHANGE TO RESTRICTIONS OR RETAINED RIGHTS; (5) HORSE CREEK FEN (DANIELS FKA ORTON) 2/9/2021 TO CLARIFY THE SIZE AND LOCATION OF THE REDUCED BUILDING ENVELOPE, THE NUMBER OF RESIDENCES PERMITTED WITHIN THE BUILDING ENVELOPE, AND THE LANGUAGE OF THE SUBDIVISION PROVISION; (6) ST. ANTHONY'S (CAPITAL REGION WATER) 9/30/2020 TO ADD 122.87 ACRES TO THE PROTECTED PROPERTY; (7) SOUTHWEST BI MACROSITE (DUPONT) 4/21/2021 TO CORRECT AN ERROR IN THE DEPICTION OF THE BUILDING ENVELOPE; NO CHANGE TO RESTRICTIONS OR RETAINED RIGHTS; AND (8) ELKHORN CREEK (PETERSON 1-4) 10/6/2020 TO CORRECT ERRORS IN THE LEGAL DESCRIPTION, CONFIRM THE LOCATION OF THE BUILDING ENVELOPE, AND EXTINGUISH THE RIGHT TO REBUILD A CABIN.
PART II, LINE 5: THE NATURE CONSERVANCY'S WRITTEN POLICY REGARDING THE PERIODIC MONITORING, INSPECTION, VIOLATIONS, AND ENFORCEMENT OF THE CONSERVATION EASEMENTS IT HOLDS IS GOVERNED BY OUR STANDARD OPERATING PROCEDURE, CONSERVATION EASEMENTS AND DEED RESTRICTIONS. EXCERPTS FROM THE PROCEDURE FOLLOW. EACH BUSINESS UNIT WILL BE RESPONSIBLE FOR MONITORING COMPLIANCE WITH THE TERMS OF ALL CONSERVATION INTERESTS FOR WHICH IT MUST PREPARE OR OBTAIN A BASELINE. FOR PURPOSES OF THIS STANDARD OPERATING PROCEDURE, "BUSINESS UNIT" MEANS THE CONSERVANCY BUSINESS UNIT IN WHICH THE CONSERVATION INTEREST IS LOCATED OR, IF DIFFERENT, THE CONSERVANCY BUSINESS UNIT RESPONSIBLE FOR MONITORING AND ENFORCEMENT OF THE CONSERVATION INTEREST. A. MONITORING TEAM. EACH BUSINESS UNIT WILL ESTABLISH A MONITORING TEAM WHICH WILL CONSIST OF AT LEAST ONE STAFF MEMBER AND MAY INCLUDE THIRD PARTY VOLUNTEERS OR CONTRACTORS. ALL MEMBERS OF THE MONITORING TEAM MUST BE TRAINED ON CONSERVANCY PROCEDURES AND PRACTICES FOR MONITORING CONSERVATION INTERESTS. THE MONITORING TEAM WILL BE RESPONSIBLE FOR ENSURING THAT MONITORING IS COMPLETED AND DOCUMENTED IN ACCORDANCE WITH THIS SOP. B. MONITORING FREQUENCY. CONSERVATION. INTERESTS WILL BE MONITORED AT LEAST ONCE EACH CALENDAR YEAR BEGINNING WITH THE CALENDAR YEAR AFTER THE CONSERVATION INTEREST WAS ACCEPTED OR ACQUIRED. THE FIRST MONITORING WILL OCCUR NO MORE THAN 15 MONTHS AFTER THE DATE THE CONSERVATION INTEREST WAS ACCEPTED OR ACQUIRED. C. TIME AND EXPENSE REPORTING. TO COMPLY WITH INTERNAL REVENUE SERVICE ("IRS") REQUIREMENTS USE ACTIVITY CODE 10000 (CALLED "EASEMENT MONITORING") TO REPORT ALL EXPENSES INCURRED IN INSPECTING, MONITORING AND ENFORCING CONSERVATION EASEMENTS. BUSINESS UNITS MUST FOLLOW THE FINANCE DEPARTMENT'S GUIDANCE FOR REPORTING: 1. STAFF HOURS (TO BE REPORTED IN BI-WEEKLY TIME REPORTS), 2. VOLUNTEER HOURS (TO THE EXTENT REQUIRED BY FINANCE DEPARTMENT GUIDANCE), 3. CONTRACTOR FEES (INCLUDING OUTSIDE COUNSEL FEES), AND 4. TRAVEL AND OTHER RELATED EXPENSES. D. MONITORING REPORTS. MONITORING RESULTS MUST BE DOCUMENTED CONTEMPORANEOUSLY (WITHIN TWO MONTHS AFTER MONITORING OCCURS) IN A REPORT THAT DESCRIBES THE CONDITION OF THE PROPERTY AND THE PROTECTED CONSERVATION VALUES AS DEFINED IN THE CONSERVATION INTEREST. THE MONITORING REPORT MUST INCLUDE THE INFORMATION DESCRIBED IN CHECKLIST OF REQUIRED FIELDS FOR COMPLIANCE MONITORING TEMPLATE. BUSINESS UNITS MAY MODIFY THE TEMPLATES OR CREATE THEIR OWN MONITORING REPORT FORM PROVIDED THAT IT CONTAINS THE REQUIRED CONTENT. BUSINESS UNITS: 1. ARE ENCOURAGED TO USE THE SAME FORM CONSISTENTLY FOR ALL CONSERVATION INTERESTS THAT THE BU MONITORS AND IN ALL CASES, ALL REQUIRED FIELDS MUST BE COMPLETED; 2. ARE ENCOURAGED TO PROVIDE THE LANDOWNER WITH A COPY OF THE MONITORING REPORT AND REQUEST THAT IT BE SIGNED AND, IF FEASIBLE, NOTARIZED TO INDICATE LANDOWNER'S AGREEMENT WITH ITS CONTENTS; AND 3. MUST MAINTAIN MONITORING REPORTS IN ACCORDANCE WITH THE CONSERVANCY'S RECORDS RETENTION SCHEDULE. E. COMPLIANCE STATUS. THE MONITORING TEAM, WITH APPROVAL OF THE BUSINESS UNIT DIRECTOR OR THE DIRECTOR'S DESIGNEE, SHALL DETERMINE THE COMPLIANCE STATUS OF THE CONSERVATION INTEREST AS ONE OF THE FOLLOWING: 1. IN COMPLIANCE 2. IN REVIEW 3. IN VIOLATION. IF VOLUNTARY RESOLUTION OF A VIOLATION IS NOT POSSIBLE (E.G., BECAUSE THE TIME PERIOD TO BRING A JUDICIAL ACTION WILL END UNDER APPLICABLE STATUTES OF LIMITATION), THE BUSINESS UNIT WILL PROCEED WITH FORMAL ENFORCEMENT. FORMAL ENFORCEMENT ACTION SHALL BE TAKEN IN ACCORDANCE WITH AN ENFORCEMENT PLAN TO BE DEVELOPED BY THE BUSINESS UNIT AND ASSIGNED ATTORNEY AND APPROVED BY THE REGIONAL DIRECTOR OR IN THE U.S., BY THE DIVISION DIRECTOR. IF THE ENFORCEMENT PLAN INCLUDES LITIGATION, APPROVAL OF THE RESPONSIBLE ASSOCIATE GENERAL COUNSEL AND GENERAL COUNSEL SHALL BE OBTAINED PRIOR TO INITIATION OF LITIGATION.
PART II, LINE 9: THE CONSERVANCY RECORDS LAND AND LAND INTERESTS AT COST IF PURCHASED OR AT FAIR VALUE AT THE DATE OF ACQUISITION, IF ALL OR PART OF THE LAND WAS RECEIVED AS A DONATION. FAIR VALUE IS GENERALLY DETERMINED BY APPRAISAL AT THE TIME OF ACQUISITION AND IS NOT SUBSEQUENTLY ADJUSTED. UPON SALE OR GIFT, THE BOOK VALUE OF THE LAND OR LAND INTEREST IS REPORTED AS A PROGRAM EXPENSE AND THE RELATED PROCEEDS, IF ANY, ARE REPORTED AS REVENUE IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. CONSERVATION LAND IS REAL PROPERTY WITH SIGNIFICANT ECOLOGICAL VALUE. THESE PROPERTIES ARE EITHER MANAGED IN AN EFFORT TO PROTECT THE NATURAL BIOLOGICAL DIVERSITY OF THE PROPERTY, OR TRANSFERRED TO OTHER ORGANIZATIONS WHO WILL MANAGE THE LANDS IN A SIMILAR FASHION. CONSERVATION EASEMENTS ARE COMPRISED OF LISTED RIGHTS AND/OR RESTRICTIONS OVER THE OWNED PROPERTY THAT ARE CONVEYED BY A PROPERTY OWNER TO THE CONSERVANCY, ALMOST ALWAYS IN PERPETUITY, IN ORDER TO PROTECT THE OWNED PROPERTY AS A SIGNIFICANT NATURAL AREA, AS DEFINED IN FEDERAL TAX REGULATIONS. THESE INTANGIBLE ASSETS MAY BE SOLD OR TRANSFERRED TO OTHERS SO LONG AS THE ASSIGNEE AGREES TO CARRY OUT, IN PERPETUITY, THE CONSERVATION PURPOSES INTENDED BY THE ORIGINAL GRANTOR. CONSERVATION EASEMENTS, BY THEIR VERY NATURE, DO NOT GENERATE MATERIAL AMOUNTS OF CASH INFLOW ANNUALLY.
PART V, LINE 4: THE ENDOWMENT INCLUDES APPROXIMATELY 998 INDIVIDUAL ENDOWMENT FUNDS. THE ENDOWMENT PROVIDES STABLE FINANCIAL SUPPORT TO A WIDE VARIETY OF PROGRAMS AND ACTIVITIES IN PERPETUITY, PLAYING A CRITICAL ROLE IN ENABLING THE CONSERVANCY TO ACHIEVE ITS MISSION. PROGRAMS SUPPORTED BY THE ENDOWMENT INCLUDE RESTORING, MONITORING, AND MANAGING NATURAL AREAS OWNED BY THE CONSERVANCY AND OTHERS, AS WELL AS MANY OTHER ACTIVITIES AND ACTIONS VITAL TO THE PRESERVATION OF NATURAL DIVERSITY. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS (BOARD) TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING BOARD-DESIGNATED ENDOWMENT FUNDS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS.
PART X, LINE 2: THE CONSERVANCY HAS BEEN GRANTED AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE INTERNAL REVENUE SERVICE HAS CLASSIFIED THE CONSERVANCY AS OTHER THAN A PRIVATE FOUNDATION. THE CONSERVANCY PAYS INCOME TAX RELATING TO ITS UNRELATED BUSINESS INCOME ACTIVITIES, WHICH WERE PRIMARILY GENERATED BY INCOME FROM ALTERNATIVE INVESTMENTS IN PARTNERSHIPS. THE CONSERVANCY TAKES NO TAX POSITIONS THAT IT CONSIDERS TO BE UNCERTAIN.
PART XI, LINE 2D - OTHER ADJUSTMENTS: VALUATION GAIN/LOSS ON NON-TL ASSETS AND LIABILITIES 28,387,604. SPLIT INTEREST CHANGE IN VALUATION 54,653,441. VALUATION GAIN/LOSS ON TRADE LAND -49,309. INTERCOMPANY TRANSFERS 4,721,581. REVENUE ADJUSTMENT TO BEGINNING NET ASSETS 8,429,752.
PART XI, LINE 4B - OTHER ADJUSTMENTS: MERCHANDISE COGS -15,349. RELATED ENTITY SUPPORT AND TRANSFERS -61,169,487.
PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY SUPPORT AND TRANSFERS -10,219,551. MERCHANDISE COGS 15,349.
Schedule D (Form 990) 2020


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