Grant used for data collection, shoreland restoration, storm water remediation and other purposes Written By: PineandLakes Echo Journal | 8:00 am, Apr. 29, 2021 × Land and Waters, a preservation trust, is an endowment fund of the Initiative Foundation and serves as a philanthropic vehicle for accumulating and distributing financial resources to benefit those in the area of the Pine River Watershed. It was established through a partnership between the Whitefish Area Property Owners Association, the Pine River Watershed Alliance and the Initiative Foundation. The purpose is to provide a consistent stream of resources to protect and preserve the Whitefish Chain of Lakes and Pine River Watershed so that future generations can enjoy the rivers, lakes and woods experience.