annual report 2008 - The Sierra Club Foundation

MISSION STATEMENT
The Sierra Club Foundation was established in 1960 to receive, administer,
and disburse funds donated for tax–exempt, charitable, scientific, literary
and educational purposes. The mission of the Foundation is to advance
the preservation and protection of the natural environment by empowering
the citizenry, especially democratically based grassroots organizations,
with charitable resources to further the cause of environmental protection.
The Foundation fulfills its mission through grant making and by acting as
fiscal sponsor for charitable projects of other non–profit organizations,
ad hoc citizen groups, and individuals. The Sierra Club is the vehicle
through which the Foundation generally fulfills its charitable mission.
The Foundation is classified by the Internal Revenue Service as exempt
from taxes under Section 501(c)(3) of the Internal Revenue Code. Since
the Foundation receives broad–based financial support, it meets the
qualification of a public charity and is not classified as a “private foundation”
under the Internal Revenue Code. Donations to the Foundation are
deductible to the maximum extent allowable by law under Section 170(b)
(1)(A)(vi) of the Code. Bequests and gifts are deductible for tax purposes
under Sections 2055, 2106 and 2522 of the Code. The Foundation has
elected the status of a lobbying charity under IRS Section 501(h), thereby
enabling it to support legislative programs on a limited basis.
85 Second Street
Suite 750
San Francisco, CA 94105–3441
TEL 415.995.1780
FAX 415.995.1791
www.tscf.org