Fiscal Year July 1, 2018-June 30, 2019Consolidated results in fiscal year 2018-2019 show operating income at $2.89 million and operating expenses at $2.53 million, with a budget of $2.47 million. Our endowment disbursement was set at 4 percent and we had other disbursements from the prior year restricted funds. In addition to operating income, we received a donated property worth $700,000. Three of Friends’ land trust preserves were transferred to different agencies; one was sold and one donated to the U.S. Forest Service, and a third was donated to the U.S. Fish and Wildlife Service.
Although preserves owned by Friends of the Columbia Gorge Land Trust are eligible for property tax exemption, we paid $57,590 in property taxes to support local communities and schools.
Our $6 million endowments include the Marjorie Abramovitz Fund for land trust activities and the Vic Clausen Fund for outdoor youth education. Endowments for general operations include the Conservation Director Endowment, the Mary D. and Thomas W. Holman Fund, the Nancy Russell Institutional Fund, and the Barbara Pooley Wilson Fund.
Endowment funds are managed by Ferguson Wellman Capital Management and monitored by Friends’ board finance committee.
Friends' Accountability and Transparency