53 



Exhibit C 



SUMMARY OF GRAPHS, 1986-1993 



The Foundation's grants program has grown dramatically from 15 grants in 1986 to 191 in 

 1993 -- a 12-fold increase in seven years. Values of these grant commitments rose even more 

 dramatically from $491,822 in 1986 (not including value of Cedar Island donation) to 

 $19,662,063 in 1993 ~ a 40-fold increase in seven years. 



For the period 1986-1992, the ratio of non-federal funds raised to federal matching funds 

 committed has averaged 2.03:1. In 1993, the 191 grants awarded averaged $2.10 -- for every 

 dollar of federal matching and/or interest funds committed by the Foundation, an average of 

 $2. 10 was raised from non-federal sources by the Foundation and its grantees, for a total of 

 $3.10 committed to on-the-ground conservation.' This average represents only the challenge 

 funds directly received by 5ie Foundation, and does not account for the additional leverage 

 obtained by the individual grantees as a direct or indirect result of the Foundation's challenge 

 grant. 



In 1993, the Foundation awarded grants to 126 different conservation organizations. In total, 

 the Foundation has awarded grants to eight federal agencies, 58 state and provincial agencies, 

 37 colleges and universities, and 206 private conservation organizations - a total of 309 

 conservation partners. 



The number and fund distribution of projects by initiative are displayed in Figure 3. The 

 Foundation's initiatives are developed through long-range planning efforts in order to focus the 

 organization's grant giving more effectively. For the years 1988-1991, wetland projects in 

 support of the North American Waterfowl Management Plan were a primary focus and 

 accounted for 72 percent of Foundation matching fund commitments. Beginning in 1992, the 

 Foundation introduced its Fisheries, Neotropical Migratory Bird, and Conservation Education 

 initiatives. The Foundation's focus on this broader array of initiatives is reflected in the grant 

 distribution for 1992 and 1993. While the Foundation remains active in wetlands, continuing 

 to commit roughly 26 percent of grant funds, grants to fisheries and neotropical migratory birds 

 have grown significantly to represent approximately 21 percent of the Foundation's grant 

 commitments respectively. 



FUe: WTGnit93.8uin 



'Ratio is calculated from dividing total non-federal hinds raised by the federal matching funds and interest funds 

 committed. Miscellaneous federal funds are not included in the equation. 



