National Audubon Establishes New Endowment to Pay for Management and Upkeep of Bobelaine Sanctuary
SAS Board Proposes to Rededicate Previously Earmarked Funds to Conservation and Education.
Audubonís Bobelaine preserve, located at the confluence of the Bear and Feather rivers in Sutter County, was established under a joint agreement between National Audubon Society and Sacramento Audubon.The sanctuaryís purpose is to preserve and protect rare remnants of the riparian forests that once blanketed the Great Valley of California. Under their joint agreement, Bobelaine is owned by National Audubon, but is managed and maintained by the Sacramento chapter.
Prior to 2009, Sacramento Audubon Society was solely responsible for funding management and upkeep of the sanctuary.Several years ago, in recognition of the need for secured funding, the chapterís Board of Directors elected to establish an endowment fund to cover such costs.At present, this Board-established fund now has an accumulated balance of approximately $7,000.
In 2008, National Audubon Society received a substantial bequest from the estate of Bob and Elaine Crandall (for whom Bobelaine is named). National has placed the Crandall bequest into a new endowment fund, which now covers the chapterís ongoing maintenance and upkeep costs for the sanctuary.
With Nationalís establishment of the Crandall endowment to fund Bobelaineís maintenance and upkeep, there is no longer a need for the chapter to maintain a separate endowment for identical purposes.Accordingly, the Sacramento Audubon Societyís Board of Directors has determined that the funds now sitting idle in the chapterís Bobelaine endowment should be moved to the chapterís Conservation and Education account.Once transferred, these funds can actually be used by the chapter to support its many, ongoing conservation and education programs and activities.
At the chapterís May 21, 2009 general meeting, the chapterís membership will be asked to ratify the Boardís decision to transfer the chapterís Bobelaine endowment fund to the chapterís Conservation and Education account. If you have any questions prior to the meeting, please email Keith Wagner, at email@example.com, putting ďBobelaine EndowmentĒ in the subject line.