Founded 1951Arlington, Virginia

The Nature Conservancy

The Nature Conservancy (TNC) is the star performer among environmental groups, in size, growth, effectiveness, and stature among government agencies and private donors. On average, 1,000 acres a day are added to its system of nature preserves, the world's largest.
Active today · nature.org/en-us
Founded
1951
Employees
2,000
Sales
$326.2M
Exchange
Website
nature.org/en-us ↗
now redirects here
"Nature's real estate agent." That's The Nature Conservancy. Among environmental organizations, we fill a unique niche: preserving habitats and species by buying the lands and waters they need to survive.Company Perspectives
§ 01

The story

1900–1990

The Nature Conservancy (TNC) is the star performer among environmental groups, in size, growth, effectiveness, and stature among government agencies and private donors. On average, 1,000 acres a day are added to its system of nature preserves, the world's largest. When TNC cannot buy desired property, it sometimes attains conservation easements restricting use of the land in return for tax benefits.

TNC traditionally has maintained a low profile, preferring to let its partners reap the media attention. It began pressing, however, for more publicity in this earth-friendly age, garnering numerous product sponsorship deals as its membership approached one million. Author Peter Drucker singled out the management skills of the group, whose MBAs and lawyers injected a powerful dose of high finance into a field better known for grass roots activism.

Origins

The Ecological Society of America, a scientific group, was founded around 1900. In 1917 it formed a study group, the Committee for the Preservation of Natural Conditions, that would split from the Society in 1946 to become The Ecologist's Union.

One of this group's members, engineer Dick Pough, learned of the Nature Conservancy of the British government while traveling to England. In 1951 The Ecologist's Union adopted the name The Nature Conservancy, although Pough envisioned private rather than state support for the group. Donations from Pough's wealthy connections--such as $100,000 from Reader's Digest cofounder Mrs. DeWitt Wallace--put TNC in business.

TNC bought its first 60-acre property, Mianus Gorge, in 1955, sparing it from the development that surely would have spread from nearby New York City. Other small preserves followed, and the group found itself in competition with the venerable Audubon Society, also soliciting property donations.

This year marked the beginning of TNC's Land Preservation Fund, which acted as a rotating credit account. From an initial $7,500 donated by the Old Dominion Foundation the fund blossomed to more than $100 million by 1990. Mining heiress Katharine Ordway donated more than $53 million.

TNC bought the entire island of St. Vincent off of Florida's gulf coast for $1 million in 1969. It became a 13,000-acre national wildlife refuge. The 40,000-acre Virginia Coast Reserve was even more ambitious. The Virginia Coast Reserve was first begun in 1969 to protect nesting shore birds in particular from a developer who wanted to continue the development in overcrowded Virginia Beach to the barrier islands. After TNC began making acquisitions, however, politicians scrapped plans for bridges connecting the islands to the mainland.

The Corporate 1970s

From an initial $7,500 donated by the Old Dominion Foundation the fund blossomed to more than $100 million by 1990.

1973–1978

By the 1970s the character of the organization had shifted from that of a scientist's group to something more akin to that of a property management company. TNC had about 50 employees, including Pat Noonan, a determined MBA who served as director of operations.

The group began to court corporations, the scourge of many environmentalists, for land donations. Union Camp Corporation donated 50,000 acres of the Dismal Swamp, a gift worth $12.6 million and believed to be the largest corporate donation at the time.

The Nature Conservancy employed a novel strategy in acquiring 35,000 acres of Mississippi swampland in 1973. When some of the shareholders of the Pascagoula Lumber Company vetoed a purchase offer of $15 million, it bought a controlling interest in the company. In 1976 TNC sold the land to the state of Mississippi for use as a state park. Mississippi, with its sportsmen-oriented approach to conservation, gave TNC a foothold in the Southeast.

In the case of Shelter Island, TNC bought all of a New York realty company's holdings, including property in Manhattan and Miami, to attain some Long Island osprey habitat. After the excess was resold, the land for Mashomack Preserve cost $5 million. Within 20 years, the osprey population had doubled.

Pat Noonan became president of TNC in 1974. At the insistence of its board of directors, TNC had developed a long-range plan. The United States was divided into regions, which would start the next level of organization: self-funding programs in each state.

Dr. Robert Jenkins, TNC's chief scientist, proposed a rescue mission for TNC: "The preservation of biotic diversity." He often alluded to Noah's Ark. TNC attempted to preserve specific species at risk by controlling specific habitats. The first of 50 State Natural Heritage Programs was established in South Carolina in 1974. After receiving initial support from TNC in identifying species at risk, the programs reverted to state funding.

An international program also was started. It eventually grew to include dozens of preserves in Latin America and the Caribbean, as well as projects centered in Canada, Palau, and Indonesia.

In 1978 TNC spent $2.8 million on its largest purchase at the time, buying nine-tenths of Santa Cruz, an isolated island off California whose rare native plant species had been severely threatened by feral pigs and 30,000 sheep, which TNC would have to eradicate. Fortunately, an ecologically savvy New England heiress supplied a quarter of the $4 million required to complete the project.

Thriving Under Reagan in the 1980s

1980–1990

Pat Noonan stepped down as president in 1980 but continued to serve as a consultant, as TNC required all the creativity it could muster. During the Reagan years, money for public programs of all kinds was scarce and Secretary of the Interior James Watt halted federal land acquisition. Nevertheless, TNC was able to persuade the state of Mississippi to support the launch of the Rivers of the Deep South program, which began with a massive $15 million grant from a private foundation.

By 1984 TNC had invested $25 million in the Virginia Coast Reserve, now expanded to include deepwater frontage along the eastern shore of the Virginia mainland. Since TNC could not sell the land to the federal government as a wildlife refuge during the Reagan administration, it was financed by an innovative charitable lead trust, which allowed the tax-free distribution of a foundation's real estate investment.

In 1984 TNC turned over to the federal government the 118,000 acres of North Carolina coastland that would become the Alligator River National Wildlife Refuge. Red wolves would be first reintroduced into the wild here. The same year, the largest privately held preserve, the 67,000-acre Panther Ranch, was given to TNC by the Harte family of Texas. Most of it became part of the Big Bend National Park straddling the Rio Grande. The year 1984 also marked the establishment of Coachella Valley Preserve, which helped keep 13,000 acres of expensive Palm Springs real estate habitable for creatures like the fringe-toed lizard.

While other environmental groups such as Greenpeace (which eschews any corporate support) made headlines by chasing whaling ships and blocking logging roads, TNC's less confrontational approach attracted a broad base of supporters. By 1985 membership stood at 300,000.

TNC began a unique program, surveying 25 million acres of Department of Defense property, in 1988. Another new partner was Ducks Unlimited, which it joined in buying $3.5 million of California farmland to be reverted to waterfowl habitat.

TNC began an extensive survey of 14,000 North American plant species and added an even more impressive purchase than the Santa Cruz property: nearly all of the Animas Mountain range in New Mexico--321,703 acres of diverse wildlife habitat formerly owned by the Gray Land and Cattle Company. Negotiations for the acquisition had begun in 1982. The Big Bend development protected marshland on a similar scale in the eastern United States. Big Bend soon was resold to the state of Florida.

In 1989 The Nature Company, a Berkeley, California catalog merchandiser, entered a partnership with TNC whereby it processed new memberships and donated a portion of its product sales. Income at the time was $168 million and in 1990 membership reached 600,000 as the last of 50 state chapters was added. With assets worth $620 million, TNC managed 1.5 million of the more than 5.5 million acres it had protected.

TNC promoted the concept of "greenways"--linear belts of wilderness connecting wildlife sanctuaries. Its philosophy grew to rely less upon acquisitions, preferring to convince existing owners to take care not to harm wildlife by using pesticides, and so forth.

TNC sometimes appeared the bane of property developers, resentful at being told how to use their land and at the millions spent to preserve unappealing species such as crocodiles and rats. In addition, land acquired by the Conservancy no longer generated property taxes for local communities.

1975–1996

TNC also faced charges of threatening reluctant property owners. Further, an audit questioned prices federal agencies paid for TNC properties from 1986 to 1991. Subsequent reviews factoring in donations and other losses concluded, however, that TNC actually lost money on the deals.

The Green 1990s

Realizing the importance of accounting for people themselves in populated landscapes, TNC began acquiring new properties around its Virginia Coast Reserve to be resold with permanent restrictions to encourage certain uses, specifically, farming rather than coastal property development. TNC created the for-profit Virginia Eastern Shore Sustainable Development Corporation to manage the project, which included job creation among its objectives.

TNC extended its approach of compromise and cooperation to big business. Corporate giving accounted for $2 million, or 16 percent, of TNC income in 1991. By the mid-1990s, 500 companies, such as Miller Brewing Company, Canon USA, Honda of America, Procter & Gamble, and Warner-Lambert, supported TNC with donations, some of them through cause-related marketing. This arrangement allowed the corporate partners to use the TNC name and logo in promotions. TNC also introduced its own credit card.

In 1992 TNC helped broker a compromise between the Walt Disney Company, which wanted to expand its Orlando theme park, and the state of Florida, which wanted to protect adjacent wetlands. Disney agreed to restore 8,500 acres of wilderness in central Florida and was allowed to proceed with its development. TNC also worked out an agreement with Georgia-Pacific concerning timber harvesting on certain property. Each party held one vote to decide whether particular parts of the area should be harvested.

TNC reassessed its performance measures--such as acreage protected--after the bog turtle population in Schenob Brook, a Massachusetts acquisition, continued to decline because of uses of the watershed beyond the site's borders. The organization began seeking out much larger areas to preserve, designated Last Great Places, such as the Fish Creek Project organized to save a population of freshwater mussels. In this case, TNC helped subsidize no-till farming technology to reduce the amount of silt in the water. TNC's vision of preserving entire biological systems actually had been pronounced as far back as 1975.

To restore 36,000 acres of tallgrass prairie in Oklahoma bought in 1989, TNC initiated a series of prescribed burns there in 1993. A small herd of bison then was reintroduced onto the restored landscape. Membership reached 766,000 in 1993, revenues were $280 million, and nearly eight million acres had been protected. Assets approached $1 billion.

The number of species found in tropical rain forests ensured TNC's interest in foreign countries. A dozen Conservation Data Centers cataloged this ecological diversity around the globe, and its "Parks in Peril" program assisted national governments in maintaining existing parks. At the end of the century, TNC had operations in more than 20 countries. TNC helped preserve 57 million acres outside the United States, compared to ten million within. In 1996 TNC counted 900,000 members and 1,850 corporate associates.

§ 02

The story in context

Timeline drawn from the story; dates are approximate.

What the company didThe economyTechnologyNational history
CompanyOrigins The Ecological Society of America, a scientific group, was founded around 1900.
1900
1901
EconomyU.S. Steel forms as the first billion-dollar corporation.
1903
TechnologyThe Wright brothers achieve powered flight.
1906
HistoryThe Pure Food and Drug Act creates federal oversight of food and medicine.
1907
EconomyThe Panic of 1907 nearly breaks the US banking system.
1908
TechnologyFord's Model T puts the automobile within reach of the middle class.
1911
HistoryStandard Oil is broken up into 34 separate companies.
1913
EconomyThe Federal Reserve is created.
TechnologyFord's moving assembly line transforms factory production.
1914
EconomyWorld War I begins; global trade reorders.
1916
EconomyPiggly Wiggly opens the first self-service grocery store.
Companyit formed a study group, the Committee for the Preservation of Natural Conditions, that would split from the Society in 1946 to become The…
1917
1920
TechnologyCommercial radio broadcasting begins with KDKA in Pittsburgh.
HistoryProhibition takes effect, upending the brewing and spirits trades.
1925
EconomyThe Grand Ole Opry begins broadcasting from Nashville.
1927
TechnologyThe Jazz Singer ushers in the era of sound films.
TechnologyLindbergh flies the Atlantic solo, and aviation captures the public.
1928
TechnologyPenicillin is discovered, opening the age of antibiotics.
1929
EconomyThe stock market crashes; the Great Depression spreads worldwide.
1931
EconomyThe Empire State Building rises in just over a year.
1933
EconomyNew Deal reforms reshape US banking and industry.
HistoryProhibition is repealed and the alcohol trade reopens.
EconomyGlass-Steagall separates commercial from investment banking.
EconomyThe first drive-in movie theater opens in New Jersey.
1935
EconomyThe Social Security Act reshapes American labor and insurance.
1936
TechnologyThe Douglas DC-3 makes passenger airlines profitable.
1937
EconomyThe Golden Gate Bridge opens as the world's longest suspension span.
1938
HistoryThe Food, Drug, and Cosmetic Act creates the modern FDA.
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long global expansion begins.
1946
TechnologyENIAC, the first general-purpose electronic computer, is unveiled.
1947
TechnologyThe transistor is invented.
CompanyThe Ecologist's Union adopted the name The Nature Conservancy, although Pough envisioned private rather than state support for the group.
1951
CompanyTNC bought its first 60-acre property, Mianus Gorge, in 1955, sparing it from the development that surely would have spread from nearby New York City.
1955
EconomyMcDonald's franchising begins, remaking fast food.
EconomyDisneyland opens and invents the modern theme park.
1956
EconomyThe Interstate Highway program remakes US commerce.
TechnologyThe first transatlantic telephone cable opens.
1958
TechnologyThe integrated circuit is demonstrated.
TechnologyThe Boeing 707 launches the commercial jet age.
1960
TechnologyThe FDA approves the first oral contraceptive.
1962
EnvironmentSilent Spring launches the modern environmental movement.
EconomyThe first Walmart opens, built on everyday low prices.
1965
EconomyMedicare and Medicaid create federal health coverage.
CompanyVincent off of Florida's gulf coast for $1 million in 1969.
1969
TechnologyARPANET, the internet's precursor, goes live.
1970
EnvironmentThe EPA is founded; US environmental regulation expands.
1971
EconomyThe dollar leaves the gold standard; currencies float.
TechnologyNasdaq opens as the first electronic stock market.
1973
EconomyThe OPEC oil embargo triggers a global shock.
CompanyPat Noonan became president of TNC in 1974.
1974
EconomyERISA overhauls how private pensions are run.
CompanyTNC's vision of preserving entire biological systems actually had been pronounced as far back as 1975.
1975
TechnologyThe personal-computer era begins.
CompanyTNC sold the land to the state of Mississippi for use as a state park.
1976
CompanyTNC spent $2.8 million on its largest purchase at the time, buying nine-tenths of Santa Cruz, an isolated island off California whose rare native…
1978
EconomyThe Airline Deregulation Act remakes commercial aviation.
1979
EconomyA second oil crisis drives inflation higher worldwide.
1980
EnvironmentSuperfund makes US polluters pay for cleanup.
EconomyThe Bayh-Dole Act lets universities patent federally funded research, igniting biotech.
EconomyThe Motor Carrier Act deregulates interstate trucking.
TechnologyCNN launches around-the-clock cable news.
1981
TechnologyThe IBM PC launches and sets a standard.
TechnologyThe first US in-vitro fertilization baby is born.
CompanyNegotiations for the acquisition had begun in 1982.
1982
CompanyTNC had invested $25 million in the Virginia Coast Reserve, now expanded to include deepwater frontage along the eastern shore of the Virginia…
1984
TechnologyApple ships the Macintosh; the GUI era begins.
HistoryThe Bell System breakup ends the telephone monopoly.
Companymembership stood at 300,000.
1985
CompanyFurther, an audit questioned prices federal agencies paid for TNC properties from 1986 to 1991.
1986
1987
EconomyBlack Monday: markets fall sharply around the world.
CompanyTNC began a unique program, surveying 25 million acres of Department of Defense property, in 1988.
1988
1989
HistoryThe Berlin Wall falls; global markets open up.
CompanyFrom an initial $7,500 donated by the Old Dominion Foundation the fund blossomed to more than $100 million by 1990.
1990
CompanyCorporate giving accounted for $2 million, or 16 percent, of TNC income in 1991.
1991
TechnologyThe World Wide Web is released to the public.
TechnologyLinux and open source challenge proprietary software.
CompanyTNC helped broker a compromise between the Walt Disney Company, which wanted to expand its Orlando theme park, and the state of Florida, which…
1992
CompanyMembership reached 766,000 in 1993, revenues were $280 million, and nearly eight million acres had been protected.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1994
TechnologyE-commerce begins to disrupt retail.
EconomyNAFTA opens trade across North America.
EconomyThe Mexican peso crisis rattles emerging markets.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
CompanyTNC counted 900,000 members and 1,850 corporate associates.
1996
EconomyThe Telecommunications Act rewires US media and telecom.
Still active in 2026
§ 03

Related companies

Lineage: The Nature Conservancy · founded 1951
§ 04

Further reading

  • Blair, William D., Jr., Katharine Ordway: The Lady Who Saved the Prairies, Arlington, Va.: The Nature Conservancy, 1989.
  • Fabris, Peter, "Doing Good by Doing Well," CIO, April 1, 1995, pp. 42-50.
  • Grove, Noel, The Nature Conservancy, New York: Harry N. Abrams, 1992.
  • Howard, Alice, and Joan Magretta, "Surviving Success: An Interview with the Nature Conservancy's John Sawhill," Harvard Business Review, September-October 1994, pp. 108-18.
  • Kennett, Jim, "Land Donations: A Booming Business Option," Environment Today, April 1993, pp. 3, 12.
  • Morine, David E., Good Dirt: Confessions of a Conservationist, Chester, Conn.: Globe Pequot, 1990.
  • Osterland, Andrew W., "War Among the Nonprofits," FW, September 1, 1994, pp. 52-53.
  • Regan, May Beth, "No Nukes, No Logging, No Money," Business Week, July 24, 1995, p. 40.
  • Zbar, Jeffrey D., "Firms Go Green with Conservancy," Advertising Age, January 11, 1993, p. 16.
Adapted from the International Directory of Company Histories, Vol. 28 (1999).
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