Northern Prairies Land Trust helps private conservation
minded landowners protect their land, not just during
their lifetimes, but in perpetuity.
To ensure their conservation goals are
fulfilled, landowners accompany their donated conservation
easement with a gift to The Stewardship Fund. Landowners
understand that over time, changes in land use and ownership
are inevitable. The terms of their conservation easements
could face challenges which would require Northern Prairies
Land Trust (NPLT) action. To truly protect their land,
NPLT must have the financial capability to monitor,
defend, and enforce the terms of each easement in its
portfolio.
Stewardship endowments for easement protection
are pooled in a restricted fund, The Stewardship Fund,
and are used exclusively for easement monitoring and
enforcement. We cannot predict the future, but we can
prepare for it. These endowment funds are vital to the
defense of protected lands.
Policies and Administration
of The Stewardship Fund
- Each conservation
easement has an underlying stewardship endowment plan.
- Endowment monies
are placed in a restricted fund called The Stewardship
Fund, which has a separate accounting of assets.
- The Stewardship
Fund shall be used exclusively for easement protection.
Qualified expenditures are restricted to monitoring,
enforcement and activities directly related thereto.
- Interest income
earned by The Stewardship Fund may be used, as needed
for general NPLT operations.
- The Northern Prairies
Land Trust Board of Directors reviews The Stewardship
Fund annually and calls for periodic audits at its
discretion.
The amount of the donation to the Stewardship Fund will
be determined by the Board of Directors on a case-by-case
basis, after receiving a recommendation from the Executive
Director.
It is recognized that this amount
will vary based upon a variety of factors including:
- Size of the area
protected.
- Location in relation
to significant urban and recreational areas, transportation
corridors,
public lands and the Northern Prairies Land Trust
offices.
- Complexity of the
easement provisions
- Vulnerability of
natural features and conservation values.
- Donor's residence
on the land.
- Importance of the
conservation values to the public interest.
- Frequency of required
monitoring.
- Conservation motives
of the donor.
- Where the donation
is to advance the protection of farm or ranch land,
the unique
economics of agriculture may be consider
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