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Top Rated

Conservation Fund

CharityWatch report issued
November 2017

Top-Rated Charity
CharityWatch Grade
Our independent grade based
on a number of factors.
Program Percentage
Amount spent on programs
relative to overhead.
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Conservation Fund
1655 N Fort Myer Drive
Suite 1300
Arlington, VA 22209

Other Names

Natural Capital Investment Fund

Tax Status


Stated Mission

Working with public, private, and nonprofit partners, protects America's legacy of land & water resources through land acquisition, sustainable community & economic development, and leadership training, emphasizing the integration of economic & environmental goals.

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Data based on Fiscal Year Ended 12/31/2016

Program Percentage: 97%

The percentage of Conservation Fund's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).


Calculated Total Expenses



Cost to Raise $100: $2

How many dollars Conservation Fund spends on fundraising to raise each $100 of contributions.


Calculated Total Contributions


Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources


Financial Documents

Entity Document Type Tax ID
Sustainable Conservation Inc. IRS Form 990 62-1586798
The Natural Capital Investment Fund IRS Form 990 54-2058754
The Conservation Fund IRS Form 990 52-1388917
The Conservation Fund Audited Combined Financial Statements Multiple
Entity: Sustainable Conservation Inc.
Document Type: IRS Form 990
Tax ID: 62-1586798
Entity: The Natural Capital Investment Fund
Document Type: IRS Form 990
Tax ID: 54-2058754
Entity: The Conservation Fund
Document Type: IRS Form 990
Tax ID: 52-1388917
Entity: The Conservation Fund
Document Type: Audited Combined Financial Statements
Tax ID: Multiple

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
Conservation Fund
meets governance benchmarks.
Conservation Fund
meets transparency benchmarks.
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 Paul F. Hurt Deputy General Counsel $259,261
2 Evan H. Smith Senior VP $237,622
3 Chris Kelly Program Director $226,856
Name: Paul F. Hurt
Title: Deputy General Counsel
Compensation: $259,261
Name: Evan H. Smith
Title: Senior VP
Compensation: $237,622
Name: Chris Kelly
Title: Program Director
Compensation: $226,856

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
CharityWatch's rating of The Conservation Fund (TCF) is based on its audited combined financial statements, which also include the financial activities of TCF's two related public charity entities: Sustainable Conservation, Inc. (SCI) and Natural Capital Investment Fund, Inc. (NCIF).

According to The Conservation Fund combined audit of December 31, 2016 (Note 1):

"TCF's and SCI's mission is to create partnerships with the private sector, other nonprofit organizations, and public agencies to protect America's outdoor heritage. NCIF is a certified community development financial institution that provides financing for natural resource-based businesses. All material intercompany transactions have been eliminated in combination [of the audited financial statements]."

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