our fiscal approach
Our financial management is anchored in a culture of fiscal discipline, guided by strategic planning, and complemented by thoughtful risk-taking and innovation.
the business of forever
Natural Lands deploys our financial resources in the most impactful manner possible to advance day-to-day efforts to save open space, care for nature, and connect people to the outdoors. At the same time, we must ensure that we meet our perpetual obligations to the lands we preserve and steward. Our financial management is anchored in a culture of fiscal discipline, guided by strategic planning, and complemented by thoughtful risk-taking and innovation.
Net assets as of June 30, 2025: $338M
Value of properties under our care: $142M
Value of endowment: $180M
Value of other net assets: $16M
% of net assets with donor restrictions: 70%
Audited financial statements are available upon request.
faqs
We are unusual among land trusts because of our large network of nature preserves, which spans 23,000+ acres and includes 40+ preserves and Stoneleigh: a natural garden. Natural Lands intends to hold the properties in perpetuity so they can continue to cool and clean the air we breathe, soak up floodwaters, provide wildlife with habitat, filter the water we drink, and bring improved health and joy to the hundreds-of-thousands who visit each year. Please note that the value of this network listed above does not reflect current market value.
We like to say that we were lucky that our founder, Allston Jenkins, was an accountant. He recognized that working in conservation means taking on perpetual responsibilities that require perpetual funding. Annual distributions from our combined endowments—which have been made possible care of contributions from donors over seven decades—provide vital support to Natural Lands’ annual operating budget.
We rely on modest, annual distributions from our endowment (generally 4.5% or less) to support the land stewardship activities on our nature preserves, along with other programmatic activity. Approximately 70% of our endowment funds are either restricted by the donor or designated by the board for mission advancement. Our endowment is not used to fund land acquisition or to purchase conservation easements, which require additional fundraising from public and private sources.
Natural Lands is member supported—in fact, member contributions, along with other contributions and grants, make up the majority of our revenue year after year. Member support is essential to our day-to-day mission delivery.
We are a people-driven organization, and our biggest annual expense is the cost to employ our stellar team. Fully half of our approximately 100 staff members are preserve and garden based—tasked with caring for nature on and welcoming visitors to our properties. Experts in land protection, conservation easements, land-use planning, and public engagement make up the next largest group.
The process of conserving land can be a complex one, often taking months or even years. Once we connect with a landowner who is interested and willing to pursue conservation, we begin fundraising for the project. Most often, federal, state, county, and/or municipal grants, sometimes coupled with a donation of land, enable us to complete the transaction. Funds from our endowment or other assets are not available to be used to fund these projects.
We are audited annually by Kreisher Miller, an audit and accounting firm based in Horsham, PA. Last year, our auditors stated that we presented our consolidated financial position fairly, in all material respects. These audited financial statements are available by request.
We’re proud that we have a platinum rating on charity rating site Guidestar and a four-star rating on Charity Navigator—both the highest ratings available.