Assets are shown at market value, and investment income includes realized and unrealized gains and losses. Program operating expenses include direct and indirect program costs such as staff salaries, grantee and funder meetings, consultant fees, and excise taxes. An independent auditor's report is performed annually.

Investment Gain$1,404,000
Program Operating Expenses$1,051,000
Grantmaking:
Conservation policy grants$920,000
Place-based conservation grants$780,000
Conservation capacity grants$856,000
Grassroots fund grants$15,000
Opportunity fund grants$40,000
Other grantmaking$188,000
Total Grantmaking$2,799,000
Assets and Net Worth$12,378,000