Revolving Funds
A revolving fund is where funds are set aside for the purpose of purchasing properties with natural or cultural values, placing a conservation covenant on the title and reselling the land to conservation-minded people. The proceeds from the sale of properties are used over again to buy more properties and sell them with a conservation covenant in place.
Revolving funds are also an attractive vehicle for people who want to donate land that has conservation value, knowing the land will be permanently protected and that when sold, the proceeds will be put towards buying other properties with conservation value.
The Australian Government has provided funding under the Bush for Wildlife initiative to four not-for-profit organisations to operate revolving funds. These are the Trust for Nature in Victoria, the National Trust of Australia in Western Australia, the South Australian Nature Foundation and the Nature Conservation Trust of New South Wales.
The following organisations operate revolving funds.
New South Wales:
Nature Conservation Trust of NSW
Email: exec.officer@naturetrust.org.au
Queensland:
Queensland Trust for Nature
Phone: 1800 237 724
South Australia:
Nature Foundation SA
Phone: 1300 366 191
Victoria:
Trust for Nature
Phone: (03) 9670 9933 or 1800 99 9933
Western Australia:
National Trust of Australia (WA)
Phone: (08) 9321 6088
Further reading on revolving funds:
Carter, M. (1997) A Revolving Fund for Biodiversity Conservation in Australia: Australian Case Study on Biodiversity Incentive Measures OECD. (PDF document)
See also
Key
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