Sudbury Valley Trustees Inc.

“The policy regarding conservation easements states staff will conduct annual monitoring of conservation easements, encouraging landowners to be involved with the site visits and maintaining good relations with them. In cases of violation, sudbury valley trustees will assess the problem, work in a timely manner to protect the values of the conservation easement and find a resolution that fits the specific situation.”

“Conservation easements donated to the organization have no market value in the hands of the organization and are not considered support. Accordingly, no entry to the books is made when an easement is received. Expenses to inspect and maintain the organization's easements and conservation lands are material and are shown as part of stewardship expenses in the financial statements.”

“Conservation land is not recorded in the statement of financial position in accordance with statement of financial accounting standards no. 116 since it qualifies as a collection that is held for public exhibition, education and research in furtherance of public service rather than financial gain. It is protected, kept unencumbered, cared for and preserved, and it is subject to an organizational policy that requires the proceeds from sales of conservation land to be used to acquire other such land. However, land is sometimes acquired on condition that it be transferred to town, state or federal agencies to be held by them for conservation purposes.”

“Sudbury valley trustees, inc. Is a voluntary organization, receiving support from individuals, businesses and others, committed to protecting wildlife habitat and the ecological integrity of the sudbury, assabet and concord rivers for the benefit of present and future generations. The organization carries out its mission through land acquisition and stewardship in partnership with towns, watershed associations and other environmental organizations within the greater concord basin. The organization currently owns 183 parcels (2,265 acres) and holds 72 conservation restrictions (2,276 acres) in 22 communities and has been instrumental in preserving several thousand acres now protected by public agencies.”

“Income from the restricted endowment is used primarily for the stewardship of conservation land of the organization. Board restricted endowment is used for operating support of the organization.”