No Endowment, No Protection: Long-Term Funding Considerations for Mitigation and Conservation Banks

Long-term funding for mitigation and conservation banks is required by the 2008 Compensatory Mitigation Rule and the 2003 U.S. Fish and Wildlife Service (FWS) Guidance on Conservation Banking respectively, but neither document is long on the details. Often, long-term funding for banks is achieved through establishing an endowment fund.