Donate today to help us protect endangered properties! We are $200,000 away from our goal!
The goal of the Endangered Properties Revolving Fund is to secure endangered properties, stabilize them, and then market them to a conservation buyer who will agree to rehab the building to certain standards. This model is used by the Georgia Trust for Historic Preservation, Historic Savannah, Historic Augusta, and other non-profits utilizing revolving funds.
WHAT IS A REVOLVING FUND AND HOW DID THE CONSERVANCY GET HERE?
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, then 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 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.
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.
WE THANK THE FOLLOWING DONORS FOR MAKING THIS PROGRAM A REALITY: