Policy Manual 05002 Opportunity Fund Guidelines

Extracted text (beginning)

ISLANDS TRUST CONSERVANCY POLICY MANUAL 
 
 
 
POLICY MANUAL 
 
Code: TFB 05002     Policy   Procedure  Guideline  
Title: Opportunity Fund Guidelines 
 
Approved By: Islands Trust Conservancy Board  
 
Date: May 9, 2005 Resolution: TFB 05/764 
 
Revised: Date: Jan. 30, 2007 Resolution: TFB 07/895 
Revised: Date: Mar. 21, 2013 Resolution: TFB 13/1346 
 
 
Chair Signature:                                           
 
 
Related Files:   
00001 Funds for Partnership Acquisition Projects 
06001 Fundraising and Donations Policy 
 
 
Purpose 
The Opportunity Fund’s purpose is to financially support timely opportunities to protect 
biodiversity in the Islands Trust area. The Fund will generally provide support for ‘hard 
to fundraise’ costs associated with land protection or will be used to leverage increased 
donations to land acquisition projects.  
Background 
The Islands Trust Conservancy established the Opportunity Fund in 2004 to support 
conservation projects in the Islands Trust Area. It was named the “Opportunity Fund” 
because it enables the Board to respond quickly to conservation opportunities in the 
Islands Trust Area.  The Board maintains the Opportunity Fund through various 
fundraising initiatives. 
These guidelines build on current Islands Trust Conservancy fundraising policies and 
procedures.  The guidelines are based on the following values: 
 Accountability to donors 

2 of 4 
ISLANDS TRUST CONSERVANCY POLICY MANUAL 
 Protection of biodiversity priorities
1
 
 Co-operation and collaboration with conservancy partners 
 Strengthened conservation capacity in the Islands Trust area 
 Transparency and consistency 
 Efficiency and effectiveness 
Guidelines 
 
1. Use of Funds 
The Opportunity Fund will be used to support land protection projects that meet the 
conservation goals of the Regional Conservation Plan.  The Opportunity Fund will be 
used to support projects initiated by partner land conservation agencies, as well as land 
acquisition initiatives led by or involving the Islands Trust Conservancy. In general the 
Islands Trust Conservancy will consider the funding of: 
1. Acquisition and covenant costs (baseline, survey, appraisal, legal, etc.) 
2. Land purchase costs. 
a. In general, the Islands Trust Conservancy will only support purchase of 
land at or below the appraised value of the land.  
b. Funding support for land acquisition may be used to match designated 
donations to the Islands Trust Conservancy for the project on a 1:1 ratio.  
3. Other types of projects may also be considered at the Islands Trust Conservancy 
Board’s discretion. 
The Islands Trust Conservancy Board may distribute funding at its discretion. 
2. Requesting Funds 
Land conservation groups working within the Islands Trust area may apply to the 
Islands Trust Conservancy for funding support from the Opportunity Fund for projects 
that meet the conservation goals as outlined in the Regional Conservation Plan. 
a. Application Requirements 
Oppor

First 3,000 characters. Open the original for the whole document.