PRESS
RELEASE
August
3, 2000
The
Pacific Forest Trust Announces Receipt of
$5
Million For Private Forest Conservation
Boonville,
CA - The
Pacific Forest Trust has received a grant of $5 million to
launch a quick-response fund for forest protection, the organization
announced today. The Boonville-based non-profit group intends
to use the money granted from the Surdna Foundation for a "Strategic
Opportunities Conservation Fund," which will be used to acquire
conservation easements on environmentally significant forestland
imminently threatened with conversion and development.
Surdna's grant is the
first contribution to what will be a $10 million fund built through
further charitable contributions. PFT expects to be able to affect
up to $100 million worth of forestland through partnerships with
a number of private, public, and non-profit entities.
"This one-time grant
is uncommonly large for us," said Hooper Brooks, Program Director
for the Environment at the Surdna Foundation, "It represents
our confidence that the Pacific Forest Trust, through the Fund,
will continue to play a key role in conserving the region's forests
in cooperation with the area's landowners."
The launching of the
Fund comes at a key juncture as privately owned forestland in
California and throughout the US is changing hands more rapidly
than ever before. As both corporate and family-owned forestland
changes hands there is increasing risk of losing larger, well-stocked
productive forests.
"In the midst of this
unprecedented forest turnover, the Fund marks a ramping up of
PFT's capacity to conserve private productive forests," said
Laurie Wayburn, President of The Pacific Forest Trust. "The Fund
provides the essential 'working capital' to enable us to interact
more quickly and intervene in the marketplace."
The Pacific Forest Trusts
mission is "enhancing, restoring, and preserving the private,
productive forests of the Pacific Northwest." Founded in
1993, the PFT has a staff of 11 and maintains offices in Boonville,
CA and Seattle, WA. |