Buy Back Bermuda’s nature reserves are jointly owned by the Bermuda Audubon Society (registered charity #99) and the Bermuda National Trust (registered charity #81). Annual financial statements for each charity can be found on their websites or are available for public inspection from the Registrar of Charities.
Campaign I (2004-2006) for Somerset Long Bay East
Raised $2 million from 500 individuals and companies
$1.4 million purchase price
$150,000 spent on restoration, remainder used for maintenance
Campaign II (2007 to 2008) for Vesey Nature Reserve and Eve’s Pond
Raised $2 million from 700 individuals and companies
Vesey Reserve gifted by Sharon Vesey, $180,000 spent on restoration
Eve’s Pond purchase price $1.6 million, $200,000 spent on restoration
Maintaining nature reserves is expensive. Although we use volunteers as much as possible, professional landscapers are required to keep the properties in the best condition. This costs Buy Back Bermuda approximately $20,000 a year.
Acquisition of High Point
As soon as the High Point property came on the market, Buy Back Bermuda was interested in saving the ten pristine rural acres of arable fields, woodland and coastline from development. Just as we were looking to launch a 3rd fund raising campaign to purchase High Point, an individual offered an exceptional $2 million gift. Combined with funds from BBB’s acquisition account, including a $300,000 gift from PartnerRe, this enabled Buy Back Bermuda to acquire this remarkable reserve.
Campaign III
Our third campaign is raise at least $100,000 to complete the restoration of High Point Nature Reserve. The funds are needed to transition the property from invasive, to native and endemic species, and create new trails for visitors, as well as for ongoing maintenance.
Ongoing Costs
Maintaining nature reserves is expensive. Although we use volunteers as much as possible, professional landscapers are required to keep the properties in the best condition. This costs Buy Back Bermuda approximately $20,000 a year.
