Civic Intelligence

United States Endowment for Forestry and Communities Inc

EIN 20-5583324 • 501(c)3 • Greenville, SC

Profile

The endowment works collaboratively with partners in the public and private sectors to advance systemic, transformative and sustainable change for the health and vitality of the nation's working forests and forest reliant communities.

10 S Academy St STE 101Greenville, SC 29601

www.usendowment.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

13th percentile

0.03x

Higher debt load relative to assets than 13% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.91x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

1st percentile

-191%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

29th percentile

$521,557

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

15th percentile

-2.8%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-48%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$292,534,043

Down $8,451,873 (-2.8%) from 2023

Liabilities

Down

$9,286,166

Down $1,353,307 (-13%) from 2023

Net Assets

Down

$283,247,877

Down $7,098,566 (-2.4%) from 2023

Revenue

Down

$10,178,279

Down $9,365,289 (-48%) from 2023

Expenses

Up

$29,581,731

Up $2,439,913 (+9.0%) from 2023

Net Income

Down

-$19,403,452

Down $11,805,202 (-155%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $193,315,878Liabilities 2010: $1,681,715Net Assets 2010: $191,634,1632010Assets 2011: $180,347,039Liabilities 2011: $2,673,211Net Assets 2011: $177,673,8282011Assets 2012: $192,612,033Liabilities 2012: $2,347,298Net Assets 2012: $190,264,7352012Assets 2013: $207,477,807Liabilities 2013: $1,118,827Net Assets 2013: $206,358,9802013Assets 2014: $221,070,273Liabilities 2014: $1,351,700Net Assets 2014: $219,718,5732014Assets 2015: $209,411,075Liabilities 2015: $1,353,882Net Assets 2015: $208,057,1932015Assets 2016: $221,318,969Liabilities 2016: $1,915,575Net Assets 2016: $219,403,3942016Assets 2017: $245,312,468Liabilities 2017: $3,074,013Net Assets 2017: $242,238,4552017Assets 2018: $232,246,974Liabilities 2018: $7,985,120Net Assets 2018: $224,261,8542018Assets 2019: $262,794,587Liabilities 2019: $4,433,090Net Assets 2019: $258,361,4972019Assets 2020: $281,516,467Liabilities 2020: $8,407,249Net Assets 2020: $273,109,2182020Assets 2021: $317,205,031Liabilities 2021: $8,244,889Net Assets 2021: $308,960,1422021Assets 2022: $283,124,174Liabilities 2022: $11,192,824Net Assets 2022: $271,931,3502022Assets 2023: $300,985,916Liabilities 2023: $10,639,473Net Assets 2023: $290,346,4432023Assets 2024: $292,534,043Liabilities 2024: $9,286,166Net Assets 2024: $283,247,8772024

Highlighted filing

2024

Assets$292,534,043
Liabilities$9,286,166
Net Assets$283,247,877

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MExpenses 2010: $6,728,9102010Expenses 2011: $6,525,9742011Expenses 2012: $6,738,6872012Revenue 2013: $15,068,742Expenses 2013: $7,081,640Net Income 2013: $7,987,1022013Revenue 2014: $13,139,122Expenses 2014: $5,991,261Net Income 2014: $7,147,8612014Revenue 2015: $4,105,469Expenses 2015: $9,282,305Net Income 2015: -$5,176,8362015Revenue 2016: $9,755,949Expenses 2016: $10,608,234Net Income 2016: -$852,2852016Revenue 2017: $13,273,194Expenses 2017: $13,024,683Net Income 2017: $248,5112017Revenue 2018: $16,819,718Expenses 2018: $15,176,455Net Income 2018: $1,643,2632018Revenue 2019: $13,845,763Expenses 2019: $15,972,306Net Income 2019: -$2,126,5432019Revenue 2020: $12,302,581Expenses 2020: $18,385,556Net Income 2020: -$6,082,9752020Revenue 2021: $18,123,562Expenses 2021: $21,866,877Net Income 2021: -$3,743,3152021Revenue 2022: $14,930,721Expenses 2022: $22,485,796Net Income 2022: -$7,555,0752022Revenue 2023: $19,543,568Expenses 2023: $27,141,818Net Income 2023: -$7,598,2502023Revenue 2024: $10,178,279Expenses 2024: $29,581,731Net Income 2024: -$19,403,4522024

Highlighted filing

2024

Revenue$10,178,279
Expenses$29,581,731
Net Income-$19,403,452

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$293$9.29$283$10.2$29.6$19.4
2023Detailed filing. Detailed filing data is available for this year.$301$10.6$290$19.5$27.1$7.60
2022Detailed filing. Detailed filing data is available for this year.$283$11.2$272$14.9$22.5$7.56
2021Detailed filing. Detailed filing data is available for this year.$317$8.24$309$18.1$21.9$3.74
2020Detailed filing. Detailed filing data is available for this year.$282$8.41$273$12.3$18.4$6.08
2019Detailed filing. Detailed filing data is available for this year.$263$4.43$258$13.8$16.0$2.13
2018Detailed filing. Detailed filing data is available for this year.$232$7.99$224$16.8$15.2$1.64
2017Detailed filing. Detailed filing data is available for this year.$245$3.07$242$13.3$13.0$0.25
2016Detailed filing. Detailed filing data is available for this year.$221$1.92$219$9.76$10.6$0.85
2015Detailed filing. Detailed filing data is available for this year.$209$1.35$208$4.11$9.28$5.18
2014Detailed filing. Detailed filing data is available for this year.$221$1.35$220$13.1$5.99$7.15
2013Detailed filing. Detailed filing data is available for this year.$207$1.12$206$15.1$7.08$7.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$193$2.35$190$6.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$180$2.67$178$6.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$193$1.68$192$6.73
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.1
Gross Receipts
$28,569,845
Mission and Program Overview

Mission

The endowment works collaboratively with partners in the public and private sectors to advance systemic, transformative, and sustainable change for the health and vitality of the nation's working forests and forest reliant communities.

To advance positive change for the nation's working forests and forest-reliant communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$177,971,318$172,645,760▼ $5,325,558
Investments Other Securities$85,415,964$99,576,240▲ $14,160,276
Savings and Temporary Cash Investments$9,105,002$13,669,919▲ $4,564,917
Accounts Receivable$6,507,299$5,153,916▼ $1,353,383
Inventories for Sale or Use$254,516$0▼ $254,516
Prepaid Expenses and Deferred Charges$81,599$52,206▼ $29,393
Land, Buildings, and Equipment, Net$19,574,550$7,634▼ $19,566,916
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$300,985,916$292,534,043▼ $8,451,873
Other Assets Total$2,075,668$1,428,368▼ $647,300
Liabilities
Accounts Payable and Accrued Expenses$10,639,473$9,286,166▼ $1,353,307
Other Liabilities$0$0→ $0
Total Liabilities$10,639,473$9,286,166▼ $1,353,307
Net Assets / Fund Balance
Net Assets With Donor Restrictions$267,227,139$276,394,098▲ $9,166,959
Net Assets Without Donor Restrictions$23,119,304$6,853,779▼ $16,265,525
Total Net Assets Fund Balance$290,346,443$283,247,877▼ $7,098,566
Total Liabilities and Net Assets / Fund Balance$300,985,916$292,534,043▼ $8,451,873

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,634$1,217$8,851
Other Securities$99,576,240--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$263,387,282-▲ $24,005,718$15,171,000$272,222,000
2023$247,635,293-▲ $28,366,990$12,615,001$263,387,282
2022$284,425,359-▼ $26,075,066$10,715,000$247,635,293
2021$247,828,142-▲ $44,248,217$7,651,000$284,425,359
2020$230,682,480-▲ $24,953,662$7,808,000$247,828,142
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter MaddenCEO SecretaryFT$412,420$109,137$521,557
Peter StangelChief Development OfficerFT$314,238$85,973$400,211
Alicia CramerChief Operating OfficerFT$267,115$77,410$344,525
Joie MorChief Financial OfficerFT$207,661$75,615$283,276
Matthew KrumenauerVice PresidentFT$220,378$50,605$270,983
Michael GoergenVice PresidentFT$208,839$40,420$249,259
Jaime DanielFinance DirectorFT$124,746$54,650$179,396
Laura GarnerDevelopment DirectorFT$132,892$23,189$156,081
Teal EdelenDirector, ForestsFT$130,654$14,372$145,026
Aleta RogersDirector, Grants & Contracts ComplianceFT$127,669$14,044$141,713

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Legacy Philanthropy WorksProject Management521 Santa Barbara St, Santa Barbara, CA 93101, Ca$871,592
Quantified Ventures LLCProject Management6410 Ruffin Rd, Chevy Chase, MD 20815$590,000
mano-Y-olaProject Management3813 Birchwood Ct, Raleigh, NC 27612$458,127
Vireo Advisors LLCEnvironmental Consulting111 Perkins St Apt 216, Boston, MA 02130$421,359
INCOS StrategiesProject Management-$391,369
Revenue and Support

Revenue Composition

Contributions and Grants
$15,068,661
Program Service Revenue
$0
Investment Income
$-5,392,891
Other Revenue
$502,509
All Other Contributions
$4,000,815
Change in Net Assets
$-19,403,452

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,722,383
Revenue Not Reported on Financial Statements
$455,896
Revenue Not Reported on Form 990
$30,696,452
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$40,418,835
Total Revenue per Form 990
$10,178,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$20,677,663
Salaries, Compensation, and Employee Benefits$4,941,067
Other Expenses$3,963,001
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$20,677,663--$20,677,663
Other Salaries and Wages$1,863,748$446,900-$2,310,648
Current Officers, Directors, Trustees, and Key Employees$1,456,099$350,206-$1,806,305
Depreciation Depletion$1,310,196$7,637-$1,317,833
Office Expenses$633,111$17,314-$650,425
Other Employee Benefits$461,237$86,878-$548,115
Occupancy$424,325$43,177-$467,502
Fees for Service Investment Mgmnt Fees-$455,896-$455,896
Insurance$354,803$7,908-$362,711
Payroll Taxes$222,488$53,511-$275,999
Fees for Services Other$269,585$0$0$269,585
Travel$107,225$93,685-$200,910
Fees for Services Legal-$112,262-$112,262
Conferences and Meetings$29,857$9,101-$38,958
Fees for Services Accounting-$37,696-$37,696
Interest$18,886$7,184-$26,070
Other Expenses$13,548$9,605-$23,153
Total Functional Expenses$27,842,771$1,738,960$0$29,581,731

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$47,517,401
Total Expenses per Form 990$29,581,731
Expenses per Audited Statements$29,125,835
Expenses Not Reported on Form 990$18,391,566
Expenses Not Reported on Financial Statements$455,896
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rath IndustriesRedding, CACorpWood Products Infrastructure$569,144
Working Forest InitiativeSavannah, GA501(c)(6)Traditional Markets$500,000
Auburn UniversityAuburn, ALUniversityDowned Timber$402,106
University of Nebraska-LincolnLincoln, NEUniversityMass Timber$357,529
Franklin LoggingBella Vista, CACorpWood Products Infrastructure$341,691
Parma Post and PoleParma, IDCorpWood Products Infrastructure$334,000
North American Biochar CouncilPortland, OR501(c)(3)Biochar$290,000
Bosland Growth LLCWashington, DCFor-ProfitScarred Mine Land$277,599
Environmental Policy InnovationsCollege Park, MDCorpInnovative Finance; Carbon$256,599
New Leaf Climate PartnersLincoln Park, NJCorpCarbon$237,400
University of Wisconsin-MadisonMilwaukee, WIUniversityP3 Nano Research to Commercialization$207,047
Blue Forest ConservationSacramento, CA501(c)(3)Innovative Finance$198,888
Kodama Systems IncSonora, CAFor-ProfitInnovative Finance$194,000
Oregon State UniversityCorvallis, ORUniversityP3 Nano Research to Commercialization$186,870
Georgia Tech Research CorporationAtlanta, GA501(c)(3)P3 Nano Research to Commercialization; Carbon$181,860
The Sierra FundNevada City, CA501(c)(3)Carbon$181,011
Black Family Land Trust IncDurham, NC501(c)(3)Sustainable Forestry and Land Retention$157,857
Center for Heirs Property PreservationCharleston, SC501(c)(3)Sustainable Forestry and Land Retention$157,835
McIntosh SEEDDarien, GA501(c)(3)Sustainable Forestry and Land Retention$156,357
2030 IncSante Fe, NM501(c)(5)Mass Timber$153,148
University of Arkansas Pine BluffPine Bluff, ARUniversitySustainable Forestry and Land Retention$143,308
Winston County Self HelpJackson, MS501(c)(3)Sustainable Forestry and Land Retention$142,857
Coalitions & Collaboratives IncLake George, CO501(c)(3)Innovative Finance$133,589
Help for LandownersConway, SC501(c)(3)Sustainable Forestry and Land Retention$132,674
Softwood Lumber BoardOregon City, OR501(c)(3)Mass Timber$128,000
American ForestsWashington, DC501(c)(3)Carbon$127,847
The Nature ConservancyArlington, VA501(c)(3)Innovative Finance$125,000
LRLEAN IncFayette, AL501(c)(3)Sustainable Forestry and Land Retention$123,897
Council of Great Lakes Governors IncArlington Heights, IL501(c)(3)Innovative Finance$122,816
Salt River ProjectPhoenix, AZGovtInnovative Finance$122,286
The University of VermontBurlington, VT501(c)(3)Mass Timber$116,857
Impact Finance CenterWashington, DC501(c)(3)Innovative Finance$107,999
Stephen F Austin State UniversityNacogdoches, TXUniversityMass Timber$101,614
National Woodland Owners AssociationVienna, VA501(c)(3)Diversity Equity Inclusion$100,140
Keweenaw Community FoundationHancock, MICorpCommunity Preparedness$100,000
Roanoke Economic Development IncRich Square, NC501(c)(3)Sustainable Forestry and Land Retention$99,999
Mississippi State UniversityMississippi State, MSUniversityMass Timber$99,697
Maine Mountain CollaborativePortland, ME501(c)(3)Innovative Finance$98,513
University of MaineOrono, MEUniversityP3 Nano Research to Commericalization; Economic Development Administration$98,362
Michigan State UniversityEast Lansing, MIUniversityP3 Nano Research to Commercialization; Timber Harvesting$97,409
Pennsylvania State UniversityUniversity Park, PAUniversityCarbon$97,335
Iowa State University of Science and TechnologyAmes, IAUniversityMass Timber$92,512
Khuba InternationalIthaca, NY501(c)(3)Sustainable Forestry and Land Retention$86,526
Dovetail PartnersMinneapolis, MN501(c)(3)Carbon$85,089
Purdue UniversityWest Lafayette, INUniversityP3 Nano Research to Commercialization$82,089
Save The Redwoods LeagueSan Francisco, CA501(c)(3)Innovative Finance$80,000
The Freshwater TrustPortland, OR501(c)(3)Innovative Finance$78,711
MultiplierSan Francisco, CA501(c)(3)Innovative Finance$77,769
mano-Y-olaRaleigh, NCCorpSustainable Forestry and Land Retention$76,273
United States Biochar InitiativePortland, OR501(c)(3)Biochar$69,729
Research Foundation of SUNYSyracuse, NYUniversityP3 Nano Research to Commercialization$67,654
University of WashingtonSeattle, WAUniversityCarbon$63,388
Colorado State UniversityFort Collins, COUniversityMass Timber$59,134
Northern Forest CenterConcord, NH501(c)(3)Impact Investing$52,850
World Resources InsituteWashington, DC501(c)(3)Innovative Finance$51,230
The Aspen InstituteWashington, DC501(c)(3)Community Preparedness$50,000
Summit CountyCoalville, UTGovtInnovative Finance$48,666
Alabama A&M UniversityNormal, ALUniversityDowned Timber$47,949
Bat Consevation InterntionalAustin, TX501(c)(3)Innovative Finance$37,134
Mount St Helens InstituteAmboy, WA501(c)(3)Innovative Finance$32,323
Prairie View A&M UniversityPrairie View, TXUniversitySustainable Forestry and Land Retention$31,412
Ruffed Grouse Society & American Woodcock SocietyPittsburg, PA501(c)(3)Mitigation$17,981
Mammoth Lake Trails and Public Access FoundationMammoth Lakes, CA501(c)(3)Innovative Finance$16,671
SC Farm Bureau Land TrustColumbia, SC501(c)(3)Innovative Finance$12,239
South Willamette SolutionsOakridge, ORCorpInnovative Finance$11,553
Rural Action IncThe Plains, OH501(c)(3)Innovative Finance$7,754
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 18

Copies of the organization's form 990 is available on the organizational website and www.guidestar.org.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The entire board of directors was provided a copy of the draft form 990 with opportunity for review and discussion.

Form 990, Part VI, Line 12C Conflict of interest policy

At every meeting of the board of directors, before any action is taken on a particular topic, members are asked to note for the record any areas of potential conflict. Annually, each member of the board and staff are asked to review and sign a copy of the conflict of interest policy.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Officer-level salaries are established based upon the education, experience and other qualifications of each individual and benchmarked against the pay of similar positions within not-for-profits as a class (e.g. Average annual salary of washington, dc-based ngos) and a more defined group of not-for-profits "peerganizations. Salaries of all staff, with the exception of the ceo, are established using these benchmarks and administered by the ceo with board review/approval on each employee's on april 1st of each year. In the case of the ceo, the board of directors reviews the ceo's pay and benefits at least annually. The entire pay/benefits package is tested in a review of peer group and other benchmarks and periodically reviewed by outside counsel and/or a benefits consultant.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Officer-level salaries are established based upon the education, experience and other qualifications of each individual and benchmarked against the pay of similar positions within not-for-profits as a class (e.g. Average annual salary of washington, dc-based ngos) and a more defined group of not-for-profits "peerganizations. Salaries of all staff, with the exception of the ceo, are established using these benchmarks and administered by the ceo with board review/approval on each employee's on april 1st of each year. In the case of the ceo, the board of directors reviews the ceo's pay and benefits at least annually. The entire pay/benefits package is tested in a review of peer group and other benchmarks and periodically reviewed by outside counsel and/or a benefits consultant.

Form 990, Part VI, Line 19 Required documents available to the public

Copies of all governance documents -- charter, bylaws, stewardship principles, values -- are available on the organizational website.

Filing and Contact Details

Filer

Filer Name
United States Endowment for Forestry
EIN
20-5583324
Phone
8642337646
Address
10 S Academy St STE 101, Greenville, SC 29601

Signing Officer

Name
Peter C Madden
Title
President/CEO
Phone
8642337646
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
De
Voting Board Members
15
Independent Board Members
14
Employees
15
Volunteers
15

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

This process has not changed from the prior year.

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The organization was funded with a one-time infusion of $200 million under the terms of the softwood lumber agreement between the united states and canada. Earnings from the endowment can be used to fund the organization's purposes of supporting educational and charitable causes in timber-reliant communities, educational and public-interest projects addressing forest management issues that affect timber-reliant communities, or the sustainability of forests as sources of building materials, wildlife habitat, bio-energy, recreation, and other values.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The endowment has obtained tax exempt status under internal revenue code section 501(c)(3), and as such, is exempt from income taxes except on unrelated business income. Accordingly, the accompanying consolidated financial statements do not reflect a provision or liability for federal and state income taxes. The endowment has determined that there are no material unrecognized tax benefits or obligations as of december 31, 2024.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Loss on Sale of Assets - 18391566

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Loss on Sale of Assets - 18391566

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0The Endowment advances its mission using a "theory of change" that focuses on three areas: retaining and restoring healthy working forests; promoting and capturing multiple value streams using market-based tools; and enhancing community capacity, collaboration, and leadership. The Endowment deploys its work through five primary initiatives, each of which supports several programs or projects. I. Ecosystem Markets: Monetizing non-traditional forest products. The Endowment continues a focus on water as an ecosystem market. The Endowment is partially funding coordinators across the country who work with local partners to seek State Revolving Fund loans for forested watershed protection and management, which will help keep drinking water supplies clean and affordable. The Endowment is also exploring opportunities for biodiversity credits for landowners as another source of revenue that will contribute to conservation goals. II. Forest Retention and Health: Retaining/expanding and ensuring health of forests. This is a wide-ranging initiative that includes serving as cross-border convener for more strategic collaboration between Canada and the U.S. Other work includes corporate partnerships to protect bottomland hardwood forests, the Department of Defense's base buffering program and innovative financing approaches for forest management and retention. Each is designed to aid in retention and restoration of healthy working forests. A corporate partnership provides funding for conservation of high-value bottomland hardwood forests in North Carolina and Virginia; this program is a model for public-private partnerships. The Endowment works with local conservation partners to take advantage of USDA funds through the Natural Resources Conservation Service. Their Regional Conservation Partnership Program awards finance conservation easements that protect forests that are important for the environment and that sustain local jobs and economies. III. Traditional Markets: After successful work that led to the creation of two commodity check-offs - Softwood Lumber Board and Paper & Paper-based Packaging Board -- more recent work has included supporting initiatives to advance public understanding of the benefits of working forests and the role they play in climate solutions. We are also continuing to develop blockchain solutions through a program called ForesTrust, which seeks to track the supply chain of timber and forest products from forests to end-product, which helps alleviate issues involving illegal logging. IV. Future Markets: The Endowment is partnering with the USDA Forest Service and emerging producers to advance commercialization of cellulosic nanomaterials. This multi-year initiative engages partners to fill knowledge gaps facilitating new products and applications while placing a primary interest on ensuring human and environmental health and safety. Work continues to advance mass timber applications to support tall wooden buildings, including advancing the carbon story of forest products. The Endowment is investigating potential benefits and concerns associated with forest carbon. In response to an increase in public and private investment in carbon management and climate smart forestry on private forest lands, the Endowment is funding programs and workshops to better understand and quantify landowner capacity and willingness to adopt carbon management practices and the implications for other forest land uses (e.g., wood products). Through the US Biochar Initiative project, we work with partners to increase applications, market, and production of biochar with the ultimate goal of carbon being buried in the ground, allowing carbon credits to be realized. The Forest & Wood Carbon Data Platform launch in 2023 created a single U.S. Department of Agriculture (USDA)-sponsored platform with multiple user-friendly tools providing transparent, high-integrity forest and wood product carbon data throughout the value chain. The platform will
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