Organizational Sustainability
A Save The Bay 50th Anniversary Campaign priority
GOAL: $3.4 million
PURPOSE: Provide recurring financial support
To fulfill our role as champion for the Bay over the next 50 years and improve our ability to weather economic squalls, we recognize that we must reduce our annual expenses and increase our endowment.
With that in mind, we have set a goal to eliminate mortgage interest and principal payments and to derive at least five percent of our annual operating income from endowment distribution in perpetuity. Endowment distributions will provide supplemental funding for:
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- Advocacy staff and programs.
- Public school programs, particularly in urban core communities.
- Maintenance of Save The Bay’s unique marine assets and facilities, including the M/Vs Alletta Morris and Elizabeth Morris, the Bay Center and the Newport Exploration Center and Aquarium.
About Save The Bay’s 50th Anniversary Campaign
Our comprehensive 50th Anniversary Campaign will position Save The Bay to lead the continued cleanup of Narragansett Bay into the next half-century. The campaign is built around four core elements, each one designed to strengthen our capacity, flexibility and financial foundation to persevere in combating emerging environmental threats and sustain our strategic commitment to future generations: