Colcom Revolving Fund for Local Land Trusts
The Western Pennsylvania Conservancy’s Colcom Revolving Fund for Local Land Trusts provides grants in the form of short-term loans to land trusts and other nonprofit organizations seeking to preserve open space and conserve high priority properties.
This loan fund is made possible through $1 million in grants from Colcom Foundation. It helps to resolve a common problem for local land trusts and other conservation organizations: Significant land conservation opportunities usually require quick action in order to make a purchase before the seller moves on to other interested buyers, but fundraising to conserve land typically takes 18 to 24 months.
The loan fund not only provides land trusts and other nonprofit organizations with financing to act quickly in response to rare conservation opportunities, but it also offers the technical assistance of Western Pennsylvania Conservancy’s staff members to support positive outcomes.
The Western Pennsylvania Conservancy offers a 0% interest rate on loans for the first six to 12 months contingent on project and loan approval.
Available to multiple organizations, the fund regenerates as loans are repaid providing financing for additional projects. As the fund administrator, the Western Pennsylvania Conservancy draws on decades of experience in land conservation and a long history of partnering with local land trusts to accomplish shared conservation goals.