September 19, 2012
Nature Conservancy Edges Toward Social Enterprise?
The Chronicle of Philanthropy reports that the Nature Conservancy has created a new investment vehicle, called Conservation Notes, as a way defraying the costs of its land transactions. Investors/supporters who provide at least $25,000 to the Nature Conservancy for a term of one, three, or five years will earn somewhere between 0 and 2 percent in interest and get all of their money back at the end of the term. The article implies that private foundations will be able to count these Conservation Notes as program related investments, though it does not mention whether the IRS has already weighed in.
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