LET’S NOT LOSE MORE OF MORGAN COUNTY’S CRITICALLY IMPORTANT PROPERTIES
On April 17, 2017, the Kolb House burned to the ground. The c. 1850 vernacular house served as a prison camp for Union soldiers and as a Confederate hospital during different stages of the Civil War. The land surrounding the house was prioritized by the Madison Greenspace Commission for acquisition as part of its master trail plan. The house was listed on the GA Trust’s Places in Peril in 2014 and on the Conservancy’s Endangered Properties List.
Let’s not let this happen again. The Endangered Properties Revolving Fund is designed specifically to save these types of properties.
PROTECTING FARMS, FORESTS, AND FRONT PORCHES FOR CURRENT AND FUTURE GENERATIONS
A revolving fund is a financing tool used traditionally in historic preservation projects. In Morgan County’s case, the Endangered Properties Revolving Fund is uniquely designed to protect historic structures AND openspace. Once capitalized, the fund will be used to acquire properties (one property at a time) that include both historic structures and undeveloped land through donation, purchase, or option agreements, the market/sell those properties to conservation buyers, and then reinvest the proceeds back into the revolving fund for the next project.
Thanks to a $500,000 matching grant from the Watson-Brown Foundation, over $260,000 donated by Conservancy members and friends, and just last week a $250,000 grant from The 1772 Foundation, we are well on our way to reaching our goal of having a $1,250,000 Endangered Properties Revolving Fund.
Now we need YOU to donate to this Morgan County legacy. Every dollar you contribute will be matched dollar for dollar and used over and over (revolving from project to project).
Because the capital in this fund revolves from project to project, this Endangered Properties Revolving Fund will not only protect farms, forests, and front porches for this generation, it will be a tool that future generations can use to sustain their Morgan County.
To learn more about this Endangered Properties Revolving Fund, read the feasibility study here.
If you would like to know more about the Endangered Properties Revolving Fund or support our efforts in developing this fund, please contact us.