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02-174-CLC News Fall 2002 - Columbia Land Conservancy

02-174-CLC News Fall 2002 - Columbia Land Conservancy

Endowment Campaign

Endowment Campaign Fall 2002 Campaign’s Success Leads to Brighter Future for Conservation The Columbia Land Conservancy is pleased to announce the recent completion of our operating endowment campaign, which will help us protect the rural open spaces important to the people of Columbia County. Three years ago, Jonathan Schor presented us with a challenge: if we secured $600,000 toward our operating endowment, Jon would contribute $900,000 to the Conservancy in the form of an irrevocable charitable remainder trust. Thanks to the generous support of 53 donors, we reached our goal of $600,000 and thus met the $900,000 challenge. A strong endowment is critical to any small nonprofit, allowing it to weather tough times and flourish when economic conditions are strong. However, when you are talking about land, a whole additional component comes into play. If we do not step up the pace of conservation, the rural landscapes we all love and cherish will steadily vanish. Development pressure in Columbia County rose almost 30% from 1990 to 2000, and now is reportedly breaking all records. The proceeds from our endowment will be instrumental in helping us expand our conservation work and help more people protect their land. It will enable us to share the wonders of the natural world with the next generation and foster a sense of good stewardship. We are continuing to take action to conserve our working farms, forests, wetlands, and wildlife habitats. This year, we will be completing more projects than ever before in our 16-year history: a 200% increase over 2001! CONSERVANCY NEWS In addition, our educational programs are surpassing all expectations—with children and adults from around the region participating in owl prowls, coyote howls, astronomy sessions, river walks, and botany and forestry workshops. More than 2,000 people so far have taken advantage of these free programs this year. A strong endowment will also allow the Conservancy to dedicate additional staff time to working with local communities and conservation groups, helping them to create public conservation areas for the public to enjoy. Due to the success of our endowment campaign, we can now be assured that the open spaces, woodlands, and farms of Columbia County continue to define this spectacular region. Tony Colyer-Pendás 8 Charitable Remainder Trusts (CRTs) can be a great way to avoid paying capital gains tax on highly appreciated assets, increase the donor’s income as paid by those appreciated assets, and allow people to benefit a nonprofit during or after their lifetime (depending on how it is structured). A CRT gives the donor an immediate income tax deduction for the value of the “remainder interest” and provides a steady stream of income for a fixed term of years or the lifetime of the income beneficiaries. The nonprofit benefits at the termination of the CRT when it is dissolved and the principal is distributed to the organization. The Columbia Land Conservancy’s ability to establish public conservation areas, protect working farmland, conserve wetlands and forestlands, and provide educational programs to thousands of people every year depends on the generosity of our donors. CRTs can make a big difference in our efforts down the road, laying the ground work for conservation in the future. Please contact Judy Anderson at the Conservancy (518) 392-5252 if you have any questions about CRTs or would like to consider a planned gift to the Columbia Land Conservancy. ❧

CONSERVANCY NEWS Fall 2002 Land at Risk—Local Resident Takes Action Red Rock resident Jonathan Schor understands that once land is developed, there is no going back. The rural land he loves and appreciates is at risk, and Jon has decided to do something about it. Recognizing CLC’s unique ability to help people of the county balance development with open space protection, Jon recently took the leadership position of donating a one million dollar charitable remainder trust to the Columbia Land Conservancy. As with all charitable remainder trusts (see page 8), the funds will be received after his lifetime. Pursuant to Jon’s wishes, $900,000 will go towards the Conservancy’s operating endowment and $100,000 will be applied to a community projects revolving fund. “They stopped making land a long time ago,” Jon said recently. “If we want to make a difference and protect the land we all love, we need to step up the pace—make hay while the sun shines. I hope my gift will do just that— help CLC build on its extraordinary accomplishments and step up the pace before the land is lost forever.” “As vice chair of CLC, I know that we have one of the best land trusts in the country, right here in Columbia County,” Jon added. “However, for them to do the work that people hope they will do, they will need greater access to operating funds, project revolving funds, and a strong operating endowment.” “We are truly honored by Jon’s gift and conservation vision—this will help us protect land that we otherwise would not have been able to,” reflected Judy Anderson, CLC’s executive director. Jon says it a little bit differently. “There is nothing like protecting the landscapes you love for future generations. Imagine if children in Columbia County couldn’t experience a farm, understand what conservation forestry was, or appreciate our wildlife? I want to make sure that doesn’t happen.” ❧ Peter Donahoe Endowment Campaign The Conservancy extends its deepest thanks to the following donors who pledged or contributed to CLC’s operating endowment campaign from 1998–2002. We especially thank Jonathan Schor who generously pledged a $900,000 challenge gift in the form of a Charitable Remainder Trust. Leadership Michael and Barbara Polemis David Rockefeller Jonathan Schor T. Backer Fund Conservator Frank Assumma and Karen Kaczmar Barbara Ettinger and Sven Huseby, in memory of Peggy Rockefeller Tony and Gail Cashen Max Dannis and Linda Gatter Joan K. Davidson, The J.M. Kaplan Fund Allan and Marilyn Glick Delphine and Frank Eberhart, III Sheldon Evans and Martha McMaster Lea and John Jay Iselin Gary Knisely and Varian Ayers Mrs. E. J. Milano Arthur Scherrer Renato and Eleanor Valente Steward Anonymous Matthew Bender IV Bernard F. Conners Constance Eiseman and Michael Altschuler Alan H. and Judith R. Fishman Francis and Isabelle Greenburger Richard Kaplan, The J.M. Kaplan Fund Vincent and Anne Mai Peter and Charlene Paden Dr. and Mrs. Stewart Ray Bruce Sagan and Bette Cerf Hill Paul and Ann Sagan George and Adele Wailand Marty and Lisa Zaretsky Protector Joseph Aiello, Jr. Arthur Baker and Jacqueline Wilder Myra and Charles Biblowit Albert and Brenda Butzel Christine and Fred Callander Nancy and Tom Clark Jean-Paul Courtens Craig and Annebeth Dillon David Emil and Jennifer Crichton Erik C. Esselstyn Mr. and Mrs. David Forer Betsy Garside Michael and Vanessa Gruen Henry and Maria Livingston Mary Ann Mailman Ruth Piwonka Carmi and Marilyn Rapport Leslie Scanlan Kate Johns and Jason Shaw Wendy Power Spielmann and Gary Spielmann John and Cheryl Walston Elyn Zimmerman and Kirk Varnedoe Matching Gifts The Prospect Hill Foundation ❧ 9

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