Jacob Schramm Nature Preserve is a 31-acre forest that has been permanently protected by the Hancock County Community Foundation and the Central Indiana Land Trust. Jacob Schramm Nature Preserve is a mature woods that seems to arise out of the surrounding farm fields as you drive down County Road 600 West near New Palestine.

Tree species present include American basswood, American beech, American hornbeam, shagbark hickory, slippery elm, sugar maple and sycamore. In spring there is a beautiful wildflower display that can be seen at the property. There is a loop trail on the property.