- Open Applications: Canadian land trusts may apply through Aqueduct’s online grant portal to request 100% funding to purchase eligible land.
- Bridge Capital: Aqueduct Foundation acquires ecologically sensitive land using Bridge Fund capital. Target acquisition price per property: $500,000 to $1,500,000.
- Time to Fundraise: Partner land trusts have up to three years to complete the purchase from Aqueduct, providing time to raise the required funds.
- Conservation Oversight: Aqueduct’s Board and management team provide oversight to ensure acquisitions align with conservation priorities. Aqueduct works collaboratively with partner land trusts on long-term stewardship and conservation plans.
- Strategic Partnership: Aqueduct will collaborate with the Land Trust Alliance of British Columbia (LTABC) to promote the program to its members and incorporate sector feedback. Aqueduct is a proud LTABC member.
- Transparency and Accountability: Quarterly reporting structures and Expense Recovery Allocation (ERA) frameworks will be developed to ensure transparency and accountability throughout the process.
- Fund Size: The Bridge Fund currently totals $4 million, with a goal of expanding to $6 million through continued donor participation and collaboration.
- Grant Option: With the consent of contributing fundholders, Aqueduct may reduce the purchase price of a property by converting part of the acquisition amount into a grant.
