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        <ExplanationTxt>THE NATURE CONSERVANCY, NC'S SUPPORTED ORGANIZATION WHICH CONTROLS THE ORGANIZATION, IS LISTED BY NAME IN NC'S ARTICLES OF INCORPORATION. FONDS DE PRESERVATION DE LA BIODIVERSITE AU GABON (FPBG) IS NOT LISTED BY NAME AS A SUPPORTED ORGANIZATION IN NC'S ARTICLES OF INCORPORATION. HOWEVER, IT IS DESIGNATED IN THE ARTICLES BY PURPOSE AS NC'S ARTICLES REQUIRE THAT IT BE OPERATED TO SUPPORT TNC AND OTHER ORGANIZATIONS THAT HAVE CONSERVATION AS THEIR CHARITABLE PURPOSE (LIKE FPBG).</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>SCHEDULE A, PART IV, SECTION A, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>FPBG IS PREPARING ITS FORM 1023 APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, WHICH WILL BE SUBMITTED TO THE IRS WITHIN 27 MONTHS OF FPBG'S FORMATION. NC EXPECTS THAT UPON SUBMISSION OF THE FORM 1023, FPBG WILL RECEIVE AN IRS DETERMINATION LETTER CLASSIFYING FPBG AS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). NC DETERMINED THAT FPBG IS DESCRIBED IN SECTION 509(A)(1) AND 170(B)(1)(A)(VI) UPON REVIEW OF FPBG'S GOVERNING DOCUMENTS AND PROPOSED ACTIVITIES TO CONFIRM THE ORGANIZATION IS EXCLUSIVELY ORGANIZED AND OPERATED FOR CHARITABLE PURPOSES AND UPON ANALYSIS OF FPBG'S PUBLIC SUPPORT. FPBG HAS ALSO INFORMED NC THAT FPBG INTENDS TO CONDUCT ADDITIONAL FUNDRAISING ACTIVITIES. NC THEREFORE DETERMINED THAT FPBG CAN BE REASONABLY EXPECTED TO MEET THE APPLICABLE PUBLIC SUPPORT TEST.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>SCHEDULE A, PART IV, SECTION B, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>NC IS ALSO PROVIDING SUPPORT TO ITS SUPPORTED ORGANIZATION, FPBG, THAT DOES NOT PARTICIPATE IN THE CONTROL RELATIONSHIP BETWEEN TNC AND NC. HOWEVER, THE ACTIVITIES AND CHARITABLE PURPOSE OF FPBG TO FURTHER MARINE AND COASTAL CONSERVATION ALSO CARRIES OUT THE TAX-EXEMPT PURPOSE OF TNC TO CONSERVE THE LANDS AND WATERS ON WHICH ALL LIFE DEPENDS.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>FONDS DE PRESERVATION DE LA BIODIVERSITE AU GABON</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>4245 N FAIRFAX DRIVE STE 100</AddressLine1Txt>
          <CityNm>ARLINGTON</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22203</ZIPCd>
        </USAddress>
        <RecipientEIN>932410393</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>3421617</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <PurposeOfGrantTxt>CONSERVATION</PurposeOfGrantTxt>
      </RecipientTable>
      <Total501c3OrgCnt>1</Total501c3OrgCnt>
      <TotalOtherOrgCnt>0</TotalOtherOrgCnt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE I, PART I, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>TNC HAS AN INTERNAL GRANTS MANUAL WHICH OUTLINES ITS GRANT MANAGEMENT PRACTICES, STAFF RESPONSIBILITIES, AND STANDARD OPERATING PROCEDURES ("SOP") WHICH ALSO APPLIES TO ANY RELATED ENTITIES OF TNC (INCLUDING NC). THE GUIDANCE IN THE "SUBAWARDS AND GRANTS WITH PUBLIC AND PRIVATE FUNDS" CHAPTER OF THE MANUAL OUTLINES TNC'S MONITORING FRAMEWORK FOR USE OF ALL GRANT FUNDS, INCLUDING GRANTS OUTSIDE THE UNITED STATES. AS A FIRST STEP, TNC CONDUCTS DUE DILIGENCE ON POTENTIAL GRANTEES TO EVALUATE FINANCIAL, ORGANIZATIONAL, AND PROGRAMMATIC CAPACITY TO MANAGE FUNDS. GRANTEES ARE ASSIGNED A RISK RANKING BASED ON THIS EVALUATION, AND THE RISK RANKING AND AMOUNT OF FUNDING PROVIDED TOGETHER DETERMINE THE MONITORING ACTIVITIES FOR THE GRANT. MONITORING ACTIVITIES INCLUDE: (1) REVIEW AND ANALYSIS OF SUBRECIPIENT PROGRAMMATIC/TECHNICAL REPORTS, (2) REVIEW AND ANALYSIS OF SUBRECIPIENT FINANCIAL REPORTS, (3) COLLECTION AND REVIEW OF EXTERNAL AUDIT REPORTS, (4) SITE VISITS, AND (5) DESK REVIEWS. BUSINESS UNIT DIRECTORS, GRANT SPECIALIST AND THE INTERNAL AUDIT DEPARTMENT/SUBRECIPIENT MONITORING UNIT ALL HAVE CLEARLY DEFINED MONITORING RESPONSIBILITIES. SUBRECIPIENTS PROVIDE, AT A MINIMUM, ONE FINAL WRITTEN REPORT, AND FOR SUBAWARDS OF MORE THAN 12 MONTHS, AN ANNUAL REPORT EVERY 12 MONTHS AS WELL AS A FINAL REPORT. TNC DETERMINES THE FREQUENCY OF REPORTING TO ENSURE THAT PROJECT ACTIVITIES ARE ON TRACK, THAT ANY FUNDER REQUIREMENTS ARE MET, IF APPLICABLE, TO ENSURE THAT PROJECT COSTS ARE APPROPRIATE AND DOCUMENTED.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <SeverancePaymentInd>0</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>0</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>0</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>0</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>0</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>0</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>0</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>0</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>0</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>JEFF SCHUTES</PersonNm>
        <TitleTxt>TREASURER &amp; DIRECTOR</TitleTxt>
        <BaseCompensationFilingOrgAmt>0</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>306708</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>8382</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>24805</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>0</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>7099</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>0</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>346994</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>SVETOSLAV GATCHEV</PersonNm>
        <TitleTxt>PRESIDENT &amp; DIRECTOR</TitleTxt>
        <BaseCompensationFilingOrgAmt>0</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>264001</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>1370</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>21834</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>0</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>17350</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>0</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>304555</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MELISSA GARVEY</PersonNm>
        <TitleTxt>VP &amp; DIRECTOR</TitleTxt>
        <BaseCompensationFilingOrgAmt>0</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>224679</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>10000</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>1146</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>19385</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>0</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>11747</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>0</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>266957</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE J, PART II</FormAndLineReferenceDesc>
        <ExplanationTxt>NATURES CAPITAL INC (NC) HAS NO EMPLOYEES OF ITS OWN. ITS OFFICERS RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, THE NATURE CONSERVANCY.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART III, LINE 1</FormAndLineReferenceDesc>
        <ExplanationTxt>NATURES CAPITAL INC (NC) IS A NONPROFIT CORPORATION WHOSE SOLE MEMBER AND SUPPORTED ORGANIZATION IS THE NATURE CONSERVANCY (TNC). TNC IS A LONGSTANDING SECTION 501(C)(3) PUBLIC CHARITY ORGANIZED AND OPERATED FOR THE CHARITABLE PURPOSE OF ENVIRONMENTAL CONSERVATION. NC IS ORGANIZED AND OPERATED TO SUPPORT TNC BY FURTHERING TNC'S GLOBAL MISSION OF CONSERVING THE LANDS AND WATERS ON WHICH ALL LIFE DEPENDS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SOLE MEMBER OF THE COMPANY IS THE NATURE CONSERVANCY (TNC), ITS PARENT ORGANIZATION AND SUPPORTED ORGANIZATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>TNC, THE SOLE MEMBER OF THE COMPANY, HAS THE POWER TO APPOINT, ELECT, AND REMOVE MEMBERS OF THE COMPANY'S GOVERNING BODY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>PER THE BYLAWS OF THE COMPANY, TNC ALSO HAS THE POWER TO ADOPT, AMEND, CHANGE, OR REPEAL THE COMPANY'S BYLAWS AND ARTICLES OF INCORPORATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS PREPARED BY COHNREZNICK, BASED ON INTERNAL FINANCIAL STATEMENTS, AND OTHER INTERNALLY GENERATED REPORTS FROM THE SUPPORTED ORGANIZATION, THE NATURE CONSERVANCY (TNC). THE FORM 990 IS REVIEWED BY EMPLOYEES OF TNC AND COPIES ARE PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>NATURES CAPITAL INC (NC) ADOPTED A CONFLICT OF INTEREST POLICY, WHICH COVERS ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES OF THE ORGANIZATION (COVERED PERSON). THE POLICY ACKNOWLEDGES THAT A CONFLICT OF INTEREST MAY ARISE BY VIRTUE OF THE INTERESTS OF A CONNECTED PARTY, INCLUDING FAMILY MEMBERS OR CONTROLLED ENTITIES OF A COVERED PERSON, TO A NATURES CAPITAL COVERED PERSON. IF A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT IS IDENTIFIED BEFORE PROCEEDING WITH THE PROPOSED ACTIVITY, REVIEW AND APPROVAL OF EITHER NC'S BOARD OR THE CONFLICTS COMMITTEE OF THE NATURE CONSERVANCY (TNC) MUST BE OBTAINED. IN GENERAL, THE BOARD OR CONFLICTS COMMITTEE RECOMMENDS A COURSE OF ACTION DESIGNED TO MINIMIZE THE CONFLICT'S POTENTIAL ADVERSE CONSEQUENCES WHICH WOULD INCLUDE RECUSAL OF ANY CONFLICTED PERSON FROM VOTING ON MATTERS IN WHICH THEY HAVE A CONFLICT (FOR DIRECTORS) AND REFRAINING FROM USING NC OR TNC RESOURCES FOR ANY PERSONAL GAIN OR TO BENEFIT ANY OTHER ORGANIZATION. A. BOARD, OFFICER, AND KEY EMPLOYEE CERTIFICATIONS. ALL NC BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ANNUALLY COMPLETE A CONFLICT OF INTEREST AND AFFILIATIONS DISCLOSURE FORM TO IDENTIFY CONFLICTS AND ENSURE ANY CONFLICTS ARE PROPERLY ADDRESSED AND DISCLOSED ON THE 990 WHERE REQUIRED. B. BOARD OR CONFLICTS COMMITTEE REVIEW REQUIRED. EITHER THE NC BOARD OR THE CONFLICTS COMMITTEE OF THE NATURE CONSERVANCY REVIEWS AND MAKES DETERMINATIONS ABOUT WHETHER THE CONFLICT OF INTEREST CAN BE MITIGATED IF IT CANNOT BE AVOIDED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>NATURES CAPITAL INC (NC) HAS NO EMPLOYEES OF ITS OWN. ITS OFFICERS RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, THE NATURE CONSERVANCY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>COPIES OF THE ORGANIZATION'S FORM 990, EXEMPTION APPLICATION, AND ARTICLES OF ORGANIZATION ARE AVAILABLE UPON REQUEST. THEY MAY BE VIEWED EITHER IN PERSON OR COPIES WILL BE MAILED TO THE REQUESTING PERSONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9, OTHER CHANGES IN NET ASSETS:</FormAndLineReferenceDesc>
        <ExplanationTxt>NET ASSETS TRANSFERRED FROM A RELATED ORGANIZATION $1,932,865 ON APRIL 10, 2024, NATURES CAPITAL INC RECEIVED A LETTER FROM THE IRS, CONFIRMING ITS TAX-EXEMPT STATUS UNDER 501(C)(3). AS OF THAT DATE, NATURES CAPITAL INC BECAME THE SOLE MEMBER OF GABON BLUE CONSERVATION LLC (GBC), A DISREGARDED ENTITY WHOSE PREVIOUS SOLE MEMBER WAS BLUE INVESTMENTS FOR NATURE, INC. (BIN), A RELATED ORGANIZATION. THE NET ASSETS OF GABON BLUE CONSERVATION, LLC AS OF APRIL 10, 2024, ARE REPORTED AS "NET ASSETS TRANSFERRED" AS THE 2023 BIN FORM 990 REPORTS INCOME AND EXPENSES FOR THE PERIOD PRIOR TO APRIL 10, 2024.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>GABON BLUE CONSERVATION LLC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>4245 N FAIRFAX DRIVE STE 100</AddressLine1Txt>
          <CityNm>ARLINGTON</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22203</ZIPCd>
        </USAddress>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <TotalIncomeAmt>3623003</TotalIncomeAmt>
        <EndOfYearAssetsAmt>2186309</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>NATURES CAPITAL INC</BusinessNameLine1Txt>
        </DirectControllingEntityName>
      </IdDisregardedEntitiesGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>BELIZE MAYA FOREST TRUST</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>NO 13 GARDEN CITY PLAZA MOUNTAIN</AddressLine1Txt>
          <CityNm>BELMOPAN CITY</CityNm>
          <ProvinceOrStateNm>CAYO DISTRICT OF</ProvinceOrStateNm>
          <CountryCd>BH</CountryCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>BH</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE NATURE CONSERVANCY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>BLUE INVESTMENTS FOR NATURE INC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>4245 N FAIRFAX DRIVE SUITE 100</AddressLine1Txt>
          <CityNm>ARLINGTON</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22203</ZIPCd>
        </USAddress>
        <EIN>851228166</EIN>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(3)</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>LINE 12A, I</PublicCharityStatusTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE NATURE CONSERVANCY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>CONSERVATION FARMS &amp; RANCHES</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>830 S STREET</AddressLine1Txt>
          <CityNm>SACRAMENTO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>95811</ZIPCd>
        </USAddress>
        <EIN>270038237</EIN>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>CA</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(3)</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>LINE 12A, I</PublicCharityStatusTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE NATURE CONSERVANCY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>ECOLOGICAL TRUST FUND OF PANAMA</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>4245 N FAIRFAX DRIVE</AddressLine1Txt>
          <CityNm>ARLINGTON</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22203</ZIPCd>
        </USAddress>
        <EIN>311656561</EIN>
        <PrimaryActivitiesTxt>GRANTMAKING</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>PM</LegalDomicileForeignCountryCd>
        <ExemptCodeSectionTxt>501(C)(4)</ExemptCodeSectionTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE NATURE CONSERVANCY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>FONDS DE PRESERVATION DE LA BIODIVERSITE AU GABON</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>4245 N FAIRFAX DRIVE STE 100</AddressLine1Txt>
          <CityNm>ARLINGTON</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22203</ZIPCd>
        </USAddress>
        <EIN>932410393</EIN>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(3)</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>LINE 7</PublicCharityStatusTxt>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>FUNDACION THE NATURE CONSERVANCY OF PANAMA</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>CLAYTON CIUDAD DEL SABER CALLE PRIN</AddressLine1Txt>
          <CountryCd>PM</CountryCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>PM</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE NATURE CONSERVANCY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>INSTITUTO DE CONSERVACAO AMBIENTAL THE NATURE CONSERVANCY BRAZIL - TNC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>SIG QUADRA 01 LOTE 985 A 1005 SALA</AddressLine1Txt>
          <CityNm>CENTRO</CityNm>
          <ProvinceOrStateNm>BRASILIA, DF</ProvinceOrStateNm>
          <CountryCd>BR</CountryCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>BR</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE NATURE CONSERVANCY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>LOISABA COMMUNITY TRUST</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <ForeignAddress>
          <AddressLine1Txt>C/O TNC BELLA VILLA BROOKSIDE GROVE</AddressLine1Txt>
          <CountryCd>KE</CountryCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>KE</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>THE NATURE CONSERVANCY</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>NATURE CONSERVATION WATER FUND PTY LTD</BusinessNameLine1Txt>
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          <BusinessNameLine1Txt>PT ALAM BENTALA NUSANTARA</BusinessNameLine1Txt>
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          <AddressLine1Txt>GRAHA ISKANDARSYAH LANTAI GROUND FL</AddressLine1Txt>
          <CityNm>JAKARTA</CityNm>
          <CountryCd>ID</CountryCd>
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        <PrimaryActivitiesTxt>FOREST CONCESSION</PrimaryActivitiesTxt>
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        <EntityTypeTxt>C</EntityTypeTxt>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>PT HUTAN KELAY LESTARI</BusinessNameLine1Txt>
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          <AddressLine1Txt>GRAHA ISKANDARSYAH LANTAI GROUND FL</AddressLine1Txt>
          <CityNm>JAKARTA</CityNm>
          <CountryCd>ID</CountryCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>FOREST CONCESSION</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>ID</LegalDomicileForeignCountryCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C</EntityTypeTxt>
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      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>PT PUTRI NAGA KOMODO</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>JI PURA SEGARA PELABUHAN RAYA BEN</AddressLine1Txt>
          <CityNm>DENPASAR</CityNm>
          <ProvinceOrStateNm>BALI</ProvinceOrStateNm>
          <CountryCd>ID</CountryCd>
          <ForeignPostalCd>80222</ForeignPostalCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>ID</LegalDomicileForeignCountryCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C</EntityTypeTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>PT WANA BHAKTI PERSADA UTAMA</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>GRAHA ISKANDARSYAH LANTAI GROUND FL</AddressLine1Txt>
          <CityNm>JAKARTA</CityNm>
          <CountryCd>ID</CountryCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>FOREST CONCESSION</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>ID</LegalDomicileForeignCountryCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C</EntityTypeTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>THE GREAT CUMBUNG PTY LTD</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>SUITE 302 153 PARK STREET</AddressLine1Txt>
          <ProvinceOrStateNm>SOUTH MELBOURNE V</ProvinceOrStateNm>
          <CountryCd>AS</CountryCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>AS</LegalDomicileForeignCountryCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C</EntityTypeTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>THE NATURE CONSERVANCY OF NEW MEXICO</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>212 E MARCY STREET</AddressLine1Txt>
          <CountryCd>MX</CountryCd>
        </ForeignAddress>
        <EIN>911841899</EIN>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>NM</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C</EntityTypeTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>TNC IMPACT CAPITAL INC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>4245 N FAIRFAX DRIVE SUITE 100</AddressLine1Txt>
          <CityNm>ARLINGTON</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22203</ZIPCd>
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        <EIN>475621249</EIN>
        <PrimaryActivitiesTxt>CONSERVATION</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C</EntityTypeTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>TNC IMPACT HOLDINGS ONE INC</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>4245 N FAIRFAX DRIVE SUITE 100</AddressLine1Txt>
          <CityNm>ARLINGTON</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22203</ZIPCd>
        </USAddress>
        <EIN>851292458</EIN>
        <PrimaryActivitiesTxt>INVESTMENT</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>VA</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C</EntityTypeTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>TNC REAL ASSETS HOLDINGS LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>4245 N FAIRFAX DRIVE 100</AddressLine1Txt>
          <CityNm>ARLINGTON</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22203</ZIPCd>
        </USAddress>
        <EIN>882818272</EIN>
        <PrimaryActivitiesTxt>INVESTMENT</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>VA</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C</EntityTypeTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>TNC SUSTAINABLE WATER HOLDINGS INC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>4245 NORTH FAIRFAX DRIVE SUITE 100</AddressLine1Txt>
          <CityNm>ARLINGTON</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>22203</ZIPCd>
        </USAddress>
        <EIN>833122109</EIN>
        <PrimaryActivitiesTxt>INVESTMENT</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C</EntityTypeTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>0</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>1</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>0</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>0</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>0</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>0</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>1</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>1</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>1</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>1</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>1</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>1</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>1</TransferFromOtherOrgInd>
    </IRS990ScheduleR>
  </ReturnData>
</Return>