To Protect a Critical Forest in Appalachia, a Foundation Goes Beyond Grantmaking — Inside Philanthropy
While the coal industry continues to decline, the communities and lands of Appalachia are in transition. The Nature Conservancy (TNC) and its funders are playing a significant role in reimagining coal country. In the spring and summer of 2019, TNC acquired 253,000 acres of land in Kentucky, Tennessee and Virginia, which it will place under sustainable forestry management as the Cumberland Forest Project. A $20 million loan in the form of a program-related investment (PRI) from the Doris Duke Charitable Foundation (DDCF) played a big role in this land purchase.