Environmental Quality Protection, Beautification

THE CLIMATE TRUST

Invest with purpose.

aka NATIONAL CLIMATE TRUST / OREGON CLIMATE TRUST

Portland, OR

Mission

The Climate Trust mobilizes conservation finance to maximize environmental returns. The Climate Trust is headquartered in Portland, Oregon and operates across the United States.

Ruling Year

2008

Chief Operating Officer

Mr. Sheldon Zakreski

Chief Investment Officer

Mrs. Kristen Kleiman

Main Address

65 SW Yamhill Street Ste.400

Portland, OR 97204 USA

Keywords

nonprofit, agriculture, forestry, renewable energy, carbon markets, offsets, climate change, global warming

EIN

26-0760633

 Number

4004669858

Cause Area (NTEE Code)

Natural Resource Conservation and Protection (C30)

Forest Conservation (C36)

Pollution Abatement and Control Services (C20)

IRS Filing Requirement

This organization is required to file an IRS Form 990-N.

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Social Media

Programs + Results

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Our programs

What are the organization's current programs, how do they measure success, and who do the programs serve?

SOURCE: Self-reported by organization

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Where we workNew!

Our Results

How does this organization measure their results? It's a hard question but an important one. These quantitative program results are self-reported by the organization, illustrating their committment to transparency, learning, and interest in helping the whole sector learn and grow.

SOURCE: Self-reported by organization

Number of list subscribers

TOTALS BY YEAR
Population(s) served

General/Unspecified

Context notes

This metric represents the number of subscribers to The Climate Trust's monthly newsletter.

Number of press releases developed and distributed

TOTALS BY YEAR
Population(s) served

General/Unspecified

Context notes

The number of media releases published each year by The Climate Trust.

Number of return website visitors

TOTALS BY YEAR
Population(s) served

General/Unspecified

Total tons of greenhouse gas reduced

TOTALS BY YEAR
Population(s) served

General/Unspecified

Context notes

We invest in high-quality greenhouse gas reduction projects from diverse sectors, with a focus on forestry, grassland conservation, and livestock digesters.

Charting Impact

Five powerful questions that require reflection about what really matters - results.

SOURCE: Self-reported by organization

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

How will they know if they are making progress?

What have and haven't they accomplished so far?

From miserable heat waves, abundant drought, millions of acres lost to wildfires, and severe storms leaving people injured, homeless and much worse, it is no longer an option to deny the link between extreme weather events and climate change. The Trust encourages urgent action to confront this reality, accelerating the pace of carbon mitigation through conservation finance, and contributing to a reduction in our country's dependence on fossil fuels by helping industries to regulate and reduce their carbon pollution. The Trust works with industries that have regulatory requirements and those who choose to voluntarily reduce their impact. Further, in order to arrest the rise in greenhouse gas emissions and to avoid the most dangerous impacts of climate change, The Trust works to accelerate project implementation, develop financing solutions, and establish a supportive policy environment in the forestry, biogas, and grassland conservation sectors.

The Trust's primary audiences include: impact investors, project developers, and organizations seeking to meet carbon mitigation goals. The Trust offers greater potential for carbon mitigation by investing proceeds from their managed carbon investment fund into critical early-stage projects; providing immediate value for the project's carbon credits; and offering access to our technical experts. The Trust's active involvement with project developers in our preferred sectors—forestry, biogas, and grassland conservation—will ensure healthy yields of credits and fruitful revenues from the sale of the environmental credits.

The Climate Trust is focused on closing Fund I—deploying the remaining capital into quality projects, while continuing to build a robust pipeline of investment opportunities in the biogas, forestry and grassland conservation sectors for a future Fund II deployment. This pipeline is currently being built through The Trust's existing network of project developers already under contract, prospecting and networking at leading industry events, the issuance of a Request for Proposals for investment opportunities (as needed), and potentially the development of a national carbon-financing workshop for offset project developers.

The Climate Trust will invest capital into early-stage projects. It's planned investment sizes over a three year time period are in line with historic obligations the organization has contracted for in the recent past. The Trust is confident that given this track record and its reputation in the market as a credible counterparty, it will be able to deploy the necessary capital over a three-year period.

The Climate Trust conducts pre-feasibility assessments of all projects and offers carbon project development support to ensure credit delivery materializes. We either do this work in-house or connect with preferred partner organizations around the country. Specifically, carbon project development support includes establishing a comprehensive development timeline and monitoring plan for the project; including, managing the listing on the appropriate registry, on-going data collection requirements, a monitoring schedule, and a verification schedule.

The Climate Trust serves the demand from potential buyers by developing and managing a scalable offset pool with one-stop contracting for compliance entities looking for seamless solutions to their obligations. Additionally, The Trust provides voluntary buyers with credits from targeted, charismatic projects throughout the U.S.; matchmaking based on criteria such as geographic location, areas or sectors of interest, and the vintage of carbon credits. The Trust's extensive portfolio of projects allow for the aggregation of offsets and mitigation of many risks that buyers face.

The Climate Trust expects that its pilot fund (Fund I) has the potential to reduce a certain amount of metric tons of carbon dioxide equivalent emissions. Success for the pilot would mean investing all available capital in high-quality environmental projects, achieving a certain rate of emission reductions, and selling the available offsets to compliance and voluntary buyers for effective repayment of impact investors. This would demonstrate The Trust's ability to manage a carbon fund and support the growth to a larger scale fund where additional impact investors are secured.

Also, building and growing relationships with existing and new, large-scale carbon credit buyers will be a strong indication of success.

The Climate Trust invests in high-quality greenhouse gas reduction projects from diverse sectors, with a focus on forestry, biogas and grassland conservation. Our portfolio currently includes 58 projects in ten sectors, which have delivered more than 3.6 million tons of emission reductions. Our projects are contracted to generate 5.9 million tons in emission reductions, equivalent to carbon sequestered by 6,989,802 acres of U.S. forests in one year. The offsets we retire and deliver provide tangible benefits for communities and the environment—all while meeting rigorous, third-party standards.

The Climate Trust is currently implementing a new business model focused on mobilizing conservation finance to maximize environmental returns; accelerating the pace of carbon mitigation and encouraging the growth of nascent environmental markets. Half of our $5.5M Fund I has been allocated to some exciting projects; we aim to close the Fund in early 2018.

External Reviews

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Financials

THE CLIMATE TRUST

Fiscal year: Jan 01 - Dec 31

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Operations

The people, governance practices, and partners that make the organization tick.

Need more info?

FREE: Gain immediate access to the following:

  • Address, phone, website and contact information
  • Forms 990 for 2016, 2016 and 2015
A Pro report is also available for this organization for $125.
Click here to see what's included.

Board Leadership Practices

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

SOURCE: Self-reported by organization

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Yes

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?

No

Organizational Demographics

In order to support nonprofits and gain valuable insight for the sector, GuideStar worked with D5—a five-year initiative to advance diversity, equity, and inclusion in philanthropy—in creating a questionnaire. This section is a voluntary questionnaire that empowers organizations to share information on the demographics of who works in and leads organizations. To protect the identity of individuals, we do not display sexual orientation or disability information for organizations with fewer than 15 staff. Any values displayed in this section are percentages of the total number of individuals in each category (e.g. 20% of all Board members for X organization are female).

SOURCE: Self-reported by organization

Gender

Race & Ethnicity

This organization reports that it does not collect this information.

Sexual Orientation

This organization reports that it does not collect this information.

Disability

This organization reports that it does not collect this information.

Diversity Strategies

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We track retention of staff, board, and volunteers across demographic categories
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We track income levels of staff, senior staff, and board across demographic categories
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We track the age of staff, senior staff, and board
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We track the diversity of vendors (e.g., consultants, professional service firms)
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We have a diversity committee in place
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We have a diversity manager in place
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We have a diversity plan
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We use other methods to support diversity