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Sierra Club Foundation
please note:
- the content below is remote from Wikipedia
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{{Short description|Non-profit environmental organization in the USA}}{{Distinguish|text = the Sierra Club}}- the content below is remote from Wikipedia
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Investments, revenue, and grants
In August 1975, the foundation had roughly half its $604,000 portfolio invested with environmental and social criteria in mind, and the other half with a second management firm without such screens that had invested $132,945 in petroleum, timber, and mining companies. Executive Secretary Colburn S. Wilbur explained the investment committee wanted "to see how they would compare".WEB, Rood, William, August 3, 1975, Environmental funding challanged,weblink 2023-08-24, Newspapers.com, The Times Herald, 14, en, In 2014, the Sierra Club Foundation announced it would be joining the Divest-Invest philanthropic campaign to more fully align its investment strategy with its mission. Having started to divest in fossil fuel stocks four years prior, the charity pledged to sell its remaining fossil fuel company investments, which it estimated as being less than 1% of its portfolio.WEB, Sachdev, Ameet, September 22, 2014, Money vs Mission in World of Philanthropy,weblink 2023-08-24, Newspapers.com, Chicago Tribune, 2-1, 2-4, en, In 2015, the Sierra Club Foundation reported $132 million in assets and $88 million in revenue for the year, with $54 million in grants made.WEB, Annual Reports {{!, The Sierra Club Foundation |url=https://www.sierraclubfoundation.org/annual-reports |access-date=2023-08-24 |website=www.sierraclubfoundation.org}} In 2020, it reported $245 million in assets and $117 million in revenue for the year, with $80 million in grants made.Notable events
Thornewood Open Space Preserve
When Edna Bloss Thorne, a resident of Woodside, California, passed away in June 1970, she willed her summer home and its adjoining 86 acres to the foundation, stipulating the land be maintained as a nature preserve.WEB, Newman, George, January 14, 1971, Wealthy SF Widow wills 86-acre Woodside estate to Sierra Club,weblink 2023-08-24, Newspapers.com, The Peninsula Times Tribune, 21, en, The foundation donated the acreage, worth $500,000 in September 1978, to the Midpeninsula Regional Open Space District. The district assumed the responsibility of paying the $16,600 of unpaid taxes and maintenance costs, and it formed the Thornewood Open Space Preserve.WEB, Farrell, David, September 14, 1978, Open space district accepts 87-acre gift from Sierra Club,weblink 2023-08-24, Newspapers.com, Peninsula Times Tribune, 6, en,Development project opposition
In 1973, the Sierra Club Foundation partnered with a community group, the Citizens for Responsible City Development, to oppose a high-density urban development project on the San Francisco waterfront, alleging the environmental impact study made was invalid. Supporters made tax-deductible contributions to the Sierra Club Foundation, which then forwarded the funds to the citizens group, which was not tax-exempt. Wilbur said in a statement that the two organizations had similar goals, "to help the environment".WEB, Hanna, Phil, Sierra Club Risking Tax Exemption Status,weblink 2023-08-23, Newspapers.com, The Salinas Californian, 4, en, WEB, Cantor, Donald, August 5, 1973, Did Sierra Unit 'Launder' Funds?,weblink 2023-08-24, www.newspapers.com, San Francisco Examiner, 1, 3, en,Frontera fund litigation
In 1993, the New Mexico attorney general requested an audit relating to a $100,000 donation made in 1970 slated for a Mexican-American sheepherding cooperative, alleging the Sierra Club Foundation failed to disclose the donation on its tax returns, and later used the funds for general operations. Brant Calkin, Frontera fund administrator and a past president of the Sierra Club, said that after an appropriate parcel of land could not be found, the donor gave permission for the funds to be unrestricted.WEB, Ewell, Miranda, April 30, 1993, Foundation's use of funds in question,weblink 2023-08-24, Santa Maria Times, 32, en, The case settled in September 1995, with the Sierra Club Foundation agreeing to pay $900,000 to an agricultural cooperative in New Mexico.WEB, Schein, Maureen, September 21, 1995, AG Pleased With Settlement: Sierra Club Foundation Agrees to Pay Ganados del Valle $900,000,weblink 2023-08-24, Newspapers.com, Rio Grande Sun, 8, en, The donor, Ray A. Graham III, unsuccessfully sued the foundation for fraud and breach of contract. After his case was dismissed, the Sierra Club Foundation sued Graham for malicious prosecution, winning a $2.4 million judgment in 1994 that was upheld on appeal in 1999.WEB, June 11, 1999, Court Upholds Award to Sierra Club Foundation,weblink 2023-08-24, Newspapers.com, Los Angeles Times (Associated Press), A22, en,See also
- Sustainability
- Biodiversity
- Global warming
- Ecology
- Ecosystem
- Earth Science
- Natural environment
- Nature
- Conservation Movement
- Conservation ethic
References
{{Reflist}}External links
- {{official websiteweblink}}
- The Sierra Club - Official website
- content above as imported from Wikipedia
- "Sierra Club Foundation" does not exist on GetWiki (yet)
- time: 8:36am EDT - Sat, May 18 2024
- "Sierra Club Foundation" does not exist on GetWiki (yet)
- time: 8:36am EDT - Sat, May 18 2024
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