The Packard Foundation was an early investor in the pilot of The Nature Conservancy’s (TNC’s) Conservation Notes. Conservation Notes are created to be an innovative fixed-income financial product for impact investors looking for a combination of social, environmental, and financial returns on their investments. Conservation Notes will support the conservation activities of The Nature Conservancy, enabling the TNC to expand the scale and scope of its conservation activities over time by attracting a new type of low-cost and flexible capital, supporting the pursuit of larger and more innovative landscape conservation projects.
Using program-related investments, the Packard Foundation is able to provide growth capital for creative opportunities and help them get to scale. As the first institutional investor in the Conservation Notes, the Packard Foundation invested $10 million. This initial commitment has helped to generate roughly $16 million in investments towards its targeted $25 million. Investments in the Conservation Note will help the Conservancy fund projects at the country, state and regional level that are focused on conserving important natural areas and essential resources; helping protect wildlife; restoring drinking water supplies; and improving people’s lives.