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May 19, 2009

Sustainable Financing for Land Trusts Presented by Jennifer Cotting Environmental Finance Center National Center for Smart Growth University of Maryland. May 19, 2009. What is finance?. Funding vs. Financing Funding: acquiring financial resources

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May 19, 2009

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  1. Sustainable Financing for Land TrustsPresented by Jennifer CottingEnvironmental Finance CenterNational Center for Smart Growth University of Maryland May 19, 2009

  2. What is finance? Funding vs. Financing • Funding: acquiring financial resources • Financing: an allocation process that includes acquiring, investing, and managing fiscal resources Goal: increase return on investment

  3. Sustainable Financing Effective financing strategies: • Community-based • Integrated • Mirror the resource Courtesy of www.baltimorecountymd.gov

  4. Sustainable Financing Significance for Land Trusts • Unique responsibility • Organizational capacity • Implementation capacity

  5. Components of a Financing Strategy Revenue Generators • Grants, loans, technical assistance programs • Sustainable, dedicated revenue streams Cost Reducers • Effective, enforced regulations • Market-based programs • Coordination with other community programs and priorities

  6. Components of a Financing Strategy • Organizational Capacity • Cost Reducers • Strategic planning • Board development • Volunteer efforts • Revenue Generators • Fundraising • Endowment

  7. Components of a Financing Strategy • Implementation Capacity • Cost Reducers • Regulations • Regulatory and voluntary markets • Coordination with community priorities • Revenue Generators • State, federal, private funds • Taxes, fees, surcharges

  8. Components of a Financing Strategy Cacapon and Lost Rivers Land Trust • Easement Language • USDA and EPA grants • Highway mitigation dollars • Donor campaigns • Voluntary programs • Partnership Courtesy of Nancy Ailes

  9. Financing Strategy Examples Portland Trails • Donations, appeals, membership • Activity fees • Strategic partnerships • Corporate sponsorships • Contracted services • Grants

  10. Financing Strategy Examples Tecumseh Land Trust • Easement language • Landowner donations support monitoring and stewardship funds • Clean Ohio Ag Easement Purchase Program From Clean Ohio • Fee-for-service consulting program in development • Voluntary donation program in place with local businesses

  11. Financing Strategy Examples Greenbelt Land Trust • Donations and memberships • Stewardship endowment • Partnerships • Traditional Easements and land donations • Bargain Sale of Land • Tradeland Program

  12. Financing Strategy Examples Franklin Land Trust • Traditional sources of operational income • Consulting fees • Partnerships • Creative financing for land acquisition • Loomis Farm example From FLT Vision 20/20

  13. Land Trust Resources • Land TrustAlliance • www.landtrustalliance.org/resources • Trust for Public Land’s LandVote • www.landvote.org • River Network • www.rivernetwork.org/rn/fundraisingguide • Burlington Associates • www.burlingtonassociates.org/resources • Conservation Fund • www.greeninfrastructure.net • Environmental Finance Center • www.efc.umd.edu/links.html & /publications.html

  14. Successful Financing Strategies Summary • Community based – incorporating all stakeholders • Diverse – integrating multiple sources, mechanisms and institutions • Mirror the resources – considering multiple landowners, land uses, and land types

  15. For Further Information Jennifer CottingEnvironmental Finance CenterUniversity of MarylandNational Center for Smart Growth1104 Preinkert Field HouseCollege Park, MDjcotting@umd.edu301-754-0058

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