2011 Fiscal Year In Review Friends, From our inland lakes to our ocean waves, from our energy future to our families’ health, the time is right for CLF’s work. New England is in transition: a few antiquated, dirty power plants continue to operate while others, like Dominion Energy’s plant in Salem Harbor, are being forced to shut down. Meanwhile, as Cape Wind finally has the financing it needs to move forward to become the nation’s first offshore wind farm, New England leads the country’s transition to a clean energy future. CLF is helping make all of these changes happen. Thanks to a continued focus on a relevant and focused set of initiatives, we are in a strong position to advance our goals. In the fiscal year that ended July 31, 2011, we maintained the 14 percent increase in our operating budget that our Board approved last year. With those funds, we invested in membership growth, enforcement actions on clean water and clean air cases, and internal efficiencies to increase our effectiveness. We are seeing progress on these important new initiatives – progress that bodes well for our health as an organization and as a region. In response to the mounting threats to New England’s fresh and salt waters, we launched two new initiatives across the region. The first, New England Ocean Odyssey, is a project with renowned National Geographic photojournalist Brian Skerry, who will document and raise awareness about New England’s ocean – one of the most extraordinary and biologically productive ecosystems in the world. Similarly, we launched The Great Bay Piscataqua-Waterkeeper, a new initiative devoted to protecting the Great Bay estuary. The project is led by Peter Wellenberger, a 20 year veteran of the Great Bay Estuarine Research Reserve and the state’s first Waterkeeper. CLF continues to deliver on its mission because we are not only deploying the right tools, but also empowering the people of New England to engage in environmental issues across the region. A bill recently signed into law by Governor Peter Shumlin of Vermont – and long advocated for by CLF – does just that. As I said in a letter to The New York Times in December, organizations at the local, state and regional levels “have known for years what the nationals are only now realizing: we’ve got to engage people closer to where they live.” Our goal is simple: to empower the people of New England to help protect New England. With more of New England supporting us, and with momentum carrying us in the right direction, we enter this spring confident of the year ahead. Just as the time is right for our work, so too are we energized by the opportunity. On behalf of our trustees, board members and staff, we hope you will join us. Sincerely, John Kassel Michael B. Moskow President Chairman Conservation Law Foundation | 62 Summer Street, Boston, MA 02110 | P: 617.350.0990 | E: [email protected] FINANCIAL STATEMENT During the 2011 fiscal year, CLF allocated approximately 79% of revenue for program services. CLF spent 12% percent of the total for management and administration, while another 9% was directed toward the fundraising needed to generate current income. At the end of the 2011 fiscal year, the investments stood at $8.5 million based on fair market value. For more information, please contact Roberta A. Gilbert, Controller, at 617-350-0990. SOURCES OF OPERATING FUNDS Earned Income Total Operating Funds: $1,395,583 $5,823,481 Foundations $2,816,578 Individuals $1,611,320 General & Administrative $762,761 Development $530,100 USES OF OPERATING FUNDS Total Operating Expenses: $6,115,049 Programs $4,822,188 NET ASSETS Unrestricted Net Assets are available as follows at July 31, 2011: $3,854,542 Temporarily Restricted Net Assets are available Permanently Restricted Net Assets are as follows at as follows at July 31, 2011: July 31, 2011: RI Founding Donor Fund 247,844 The Advocates Endowment 952,545 Fosters Charitable 379,835 Urgent Action Fund 494,189 Purpose-Restricted Contributions 68,466 Beneficial Interest in Trust 158,418 Appreciation of Restricted Funds 195,313 The Brush Fund 130,121 Grants Fund 1,586,719 Dave Cavers Fund 453,355 Campaign for CLF 2,123,164 Keith Lane Miller, Esq. Fund 50,000 Campaign for CLF Endowment 3,070,337 $4,601,341 $5,308,965 SUPPORTERS AND FRIENDS OF CLF The following individuals, foundations, and organizations supported CLF during the 2011 Fiscal Year, August 1, 2010 through July 31, 2011. Their generosity and shared vision—of a healthy, thriving New England—have made CLF’s work possible. We give thanks to our invaluable members whose continuing support helps protect New England’s environment. Thank you. President’s Circle: $50,000+ Don and Linda Comb Mrs. Susan C. Livingston Mr. and Mrs. Cyrus B. Sweet III John and Nancy Hammond Mr. and Mrs. Michael B. Moskow Horace A. Hildreth, Jr., Esq. Ms. Elizabeth B. Steele Defenders: $25,000 – $49,000 Anonymous (1) Ms. Diana E. Oehrli Ted and Beedee Ladd Prof. Howard H. Stevenson Sara Molyneaux and Donald F. Law, Jr. Counselors: $10,000 – $24,999 Anonymous (2) Mr. Gordon Hall III and Mrs. Brigitte L. Kingsbury and Mr. and Mrs. Daniel Amory Ms. Caroline Taft Knowlton Mr. Harold N. Kingsbury Ms. Linda Noelle Cabot Mrs. Serena M. Hatch Mr. and Mrs. R. Bradford Malt Mr. and Mrs. John Carter Mr. Harold W. Janeway Mrs. Anne H. Russell Mr. and Mrs. Eugene H. Clapp Ms. Marilyn P. Johnson Mr. and Mrs. Henry D. Sharpe, Jr. Mr. John T. Clark Mr. Robert King and Ms. Anne Faulkner Ms. Pamela M. Smith Mr. and Mrs. Michael Delia Guardians: $5,000 – $9,999 Anonymous (2) Mr. Scott A. Nathan and Ms. Laura DeBonis Mrs. Helen B. Spaulding Dr. Michael J. Herz and Ms. Kate Josephs Ms. Anne E. Renner and Mr. Robert C. Kirsch Mr. Donald Sussman Mr. and Mrs. Christopher A. Klem Dr. Richard Gilder Rockefeller Mr. and Ms. David V. N. Taylor George and Emily Lewis Mr. Richard P. Sergel and Dr. Jon and Mrs. Tina Wendell Mr. and Mrs. James Mellowes Ms. Susan K. Baggett Dr. Barbara C. Moore Mr. and Mrs. Henry D. Sharpe III Advocates Society: $1,000 – $4,999 Anonymous (4) Ms. Lorni Cochran Mr. and Mrs. Thomas P. I. Goddard Mr. and Mrs. Philip D. Allen Mr. William C. Coleman Paula W. Gold, Esq. Mr. David T. Altshuler and Mr. and Mrs. Ferdinand Colloredo-Mansfeld Mr. Robert E. Grady Dr. Sharman Altshuler Mr. and Mrs. Lewis S. Dabney Mr. John K. Graham and Mr. and Mrs. Reed P. Anthony, Jr. Mr. and Mrs. Hillyard R. Danforth Ms. Katharine Munro Mr. and Mrs. David B. Arnold, Jr. Mr. and Mrs. Jim Dannis Mr. Jerry Greenfield and Dr. and Mrs. David Babbott Mr. and Mrs. Nelson J. Darling, Jr. Ms. Elizabeth K. Skarie Mr. Robert W. Baker Mrs. Elizabeth M. Delude-Dix Mr. Thomas J. Greytak Mrs. Dorothy H. Baldini Mr. George Parkman Denny III Mrs. Jane C. Hallowell M. Robin Barone, Esq. and Mr. Sydney Lea Mr. and Mrs. Philip DuBois Mr. Andrew P. Harper Dr. Stephen Barr and Ms. Martha Leggat Louise Durfee, Esq. Mr. and Mrs. F. Whitney Hatch III Mr. Alexander A. Bernhard and Mr. and Mrs. David Ellis Mr. and Mrs. George B. Heller Ms. Myra Mayman Mrs. Alan Emmet Mr. Michael J. Hickey Mr. and Mrs. John M. Bradley Ms. Harriet Ewing Mrs. Jutta B. Hicks Mr. and Mrs. Fred Brownson Dr. Nathan Faulkner and Dr. Julia Burdick Mr. Daniel W. Hildreth The Reverend and Mrs. Frederick C. Buechner Mr. Robert Fogel Mr. and Mrs. Winston R. Hindle Jr. Mr. Dale E. Burrington Mr. Douglas I. Foy Mr. Robert Jeffrey Holmgren and Mr. Christopher Cabot Ms. Marion Freeman and Mr. Corson Ellis Ms. Anita Spertus George and Sally Chase Mr. and Mrs. John B. French Mr. David J. Hubbard Mr. James Clemons Mr. Adam Gebb Mr. and Mrs. Timothy A. Ingraham Advocates Society (cont.) Ms. Laura Jackson Mr. and Mrs. Arthur C. Milot Mr. and Mrs. Stuart V. Smith, Jr. Mrs. Anne B. Jencks Mr. and Mrs. William F. Morrill Mr. and Mrs. Stephen C. Smith Mr. and Mrs. DeWitt John Mr. and Mrs. Stephen C. Morris Ms. Nancy B. Soulette Mr. Gary Johnson and Ms. Luana Josvold Mr. and Mrs. H. Stuart Muench Mr. Andrew Stewart Ms. Sally P. Johnson Mr. and Mrs. Peter Nessen Dr. Victoria Sujata Mr. and Mrs. Maximilian W. Kempner Dr. Honor and Christian Passow Mr. and Mrs. Steven C. Swett Ms. Lori Kenschaft and Mr. Randall Smith Dr. Jan A. Pechenik Mr. and Mrs. Hooker Talcott, Jr. Mr. Edward M. Kerschner Mr. and Mrs. Finley H. Perry, Jr. Mr. and Mrs. Benjamin B. Taylor Mr. Seth Kerschner Mr. and Mrs. James E. Pew Susan B. Peterson and John M. Teal Mr. and Mrs. Howard M. Kilguss Ms. Beth K. Pfeiffer Mr. and Mrs. Renke Thye Mr. Robert D. Kilmarx Mr. Carleton Davis Pike Ms. Rebecca E. Todd and Mr. Mark Long Mr. and Mrs. Michael Krinsky Mr. and Mrs. Lewis J. Powers Dr. and Mrs. Peter Grier Trafton Ms. Helen P. Ladd Frederick and Eleanor Pratt Mr. Richard Voos Mr. Andrew G. Larson and Mr. Steven Gray Robert M. Raives, Esq. Mrs. Jeptha H. Wade Mr. and Mrs. Robert Leeson, Jr. Mr. Ransom L. Richardson and Mr. Philip N. Warburg and Mr. and Mrs. Thomas E. Leggat Ms. Sarah I. Shamel Mrs. Tamar Rosenblum Warburg Mr. and Mrs. Richard W. Lisle Mr. and Mrs. Henry M. Rines Mrs. Joan M. Warburg Mrs.