The Conservation Fund successfully issued and closed $150 million of ten-year bonds, rated A3 by Moody’s, in September 2019. Our goal is to invest all proceeds into Working Forest Fund® projects to accelerate the scale and speed of our mission impact. In addition, we hope to significantly increase the level of philanthropic capital for this urgent mission to leverage the bond proceeds across more projects, and re-invest those proceeds more than once, if possible, before maturity.



The impact measures and project stories below highlight our ability to invest the bond proceeds into projects that will create permanent conservation outcomes and support local communities that depend on one of our country’s most important natural resources — forests.

Our financial and tax forms are available as PDF downloads:


Thank you for advancing a proven solution to one of the greatest conservation challenges our country faces today.

IMPACT TO DATE:as of March 27, 2023 (unaudited)
Green Bonds Issued
Green Bonds Principal Invested Plus Redeployment
Total Value of Projects Utilizing Green Bonds Proceeds
Number of Projects
Total Project Acres
Total Jobs Created or Maintained
Total Economic Impact
Metric Tons of CO2e Sequestered
Miles of Streams/Rivers Protected