Central Park Conservancy is a private, nonprofit organization that manages Central Park under a contract with the City of New York and NYC Parks. Since its founding in 1980 by a group of dedicated civic and philanthropic leaders, the Conservancy has invested more than $800 million toward the restoration and enhancement of Central Park and is considered a model for urban park management worldwide. With contributions from Park-area residents, corporations and foundations, the Conservancy provides 75 percent of the Park’s $65 million annual operating budget and is responsible for all basic care of the 843-acre park.