Androscoggin Land Trust Partners with Maine Community Foundation for
Endowment Management
Auburn - The Androscoggin Land Trust (ALT) has transferred its endowment funds, now totaling more than $185,000, to the Maine Community Foundation (MaineCF). The fund was given a recent boost through a successful $50,000 matched fundraising campaign.
“The foundation has an excellent track record and this service allows us to focus more on our core mission knowing a trusted partner can focus on this aspect” said Judith Marden, President of ALT. “When we conserve land, we take on a responsibility to our communities to steward that land forever. And to do that well, we need the resources of our endowment to not only be available, but to be growing in support of that effort,” Marden said.
Currently, MaineCF manages more than 160 nonprofit agency funds of different sizes from across the state of Maine. “Maine relies on the critical work done by its nonprofits,” said Meredith Jones, MaineCF president and CEO. “Managing their endowments and other long term funds is one way we can help them to grow and prosper.”
Through its diversified primary investment portfolio, MaineCF offers nonprofit organizations access to institutional investment strategies and management normally available only to large investors. The foundation employs multiple professional investment managers with experience in specialized sectors of the investment markets.
The Androscoggin Land Trust protects important natural areas, traditional landscapes, and outdoor experiences within the Androscoggin River watershed by promoting stewardship and supporting a network of public and privately held conservation land. ALT currently conserves nearly 4,850 acres of land, including over ten miles of riverfront along the Androscoggin River. For more information, call 207-782-2320 or visit www.androscogginlandtrust.org.
The Maine Community Foundation has been partnering with donors and nonprofits to build strong communities in Maine since 1983. More information about MaineCF can be found at www.mainecf.org or by calling 1-877-700-6800.