ABOUT
A Not-For-Profit Organization
The Clean Streams Foundation, Inc. (“CSF”) is a not for profit corporation that was organized to help assure that funds will be available on a long-term basis to perform reclamation, to maintain water treatment systems, to prevent or abate pollution, and to protect natural resources and the public health and welfare from the adverse impacts of unreclaimed land and from inadequately treated water discharges. The CSF helps assure that available funds are properly invested and expended for the protection of natural resources, the environment, and the health and welfare of the public.
The CSF works with state agencies and private entities to develop financial mechanisms to help assure the availability of funds for performing reclamation, maintain treatment systems and prevent pollution in the event that a responsible party should fail, refuse, or become unable to continue to complete reclamation of impacted areas or to operate treatment systems. The CSF acts as Trustee of several Funds that hold money and other assets provided for reclamation and for the long-term financing of treatment systems designed to prevent pollution.
The CSF has obtained recognition from the IRS as a 501(c)(3) tax exempt organization. The CSF has also been designated as a Purely Public Charity by the Commonwealth of Pennsylvania.
The CSF has obtained recognition from the IRS as a 501(c)(3) tax exempt organization. The CSF has also been designated as a Purely Public Charity by the Commonwealth of Pennsylvania.
The Clean Streams Foundation Trust
The CSF establishes individual trust accounts under a Master Trust. The Master Trust acts as an umbrella under which individual trust Sub-accounts can be established to provide financial assurance for reclamation, land restoration, and water treatment. The CSF Trust accepts contributions from Participants who enter into a trust Participation Agreement with the CSF. Participants are those that provide funds under a trust agreement with the CSF. Participants may make contributions to the fund in different ways, such as in cash, securities, certificates of deposit, or property. A Participant may also assign the proceeds from a bond to the fund. There is no minimum size requirement for individual sub-accounts within the CSF Trust. The CSF also establishes on a case-by-case basis, individual Trust Agreements and related accounts where the Master Trust is not the best fit.
The CSF currently acts as the trustee over environmental trust accounts and sub-accounts having a total asset value in excess of $200 million. The assets of each trust account and/or sub-account are invested based upon the purposes, objectives, and projected cash flow requirements of that particular account. The permits, projects, or systems of a particular CSF trust can have an associated trust account or sub-account established where the funds are managed by the CSF and maintained for those particular permits, projects, or systems.
The CSF currently acts as the trustee over environmental trust accounts and sub-accounts having a total asset value in excess of $200 million. The assets of each trust account and/or sub-account are invested based upon the purposes, objectives, and projected cash flow requirements of that particular account. The permits, projects, or systems of a particular CSF trust can have an associated trust account or sub-account established where the funds are managed by the CSF and maintained for those particular permits, projects, or systems.