Jacob Schramm Nature Preserve is a mature woods that seems to rise out of the surrounding farm fields as you drive down County Road 600 West near New Palestine. Due to its seasonal wetlands that likely made it too wet to farm, this central till plain flatwoods was not used for agriculture. Tree species present include American basswood, American beech, American hornbeam, shagbark hickory, slippery elm, sugar maple, and sycamore.

The Jacob Schramm family migrated from Germany and settled in Hancock County, Indiana in 1835. The Schramm family continues to farm the surrounding area, but wanted to ensure that this particular wooded parcel was preserved. Thus, the property was donated to the Hancock Community Foundation in 1999. Because the Community Foundation is not typically a land-holding organization, they sought out a partner to help with the stewardship of the property. A relationship with CILTI developed and a management agreement was signed. CILTI will provide its expertise in nature preserve management, as well as help provide outdoor educational opportunities for Hancock County schools and residents.