Press Releases

In an effort to be meet our own high standards and commitments to transparency and openness, U.S. Endowment Treasurer Duane McDougall has developed a financial overview that summarizes the organization’s financial results from inception through the end of the second quarter (June 30, 2007). This “layman’s summary” provides a thumbnail of all major financial transactions, […]

In a unanimous action designed to ensure seamless and transparent functioning, the Endowment’s Board of Directors voted to expand its membership from 11 to 13. “The Endowment took an important step toward achieving the full spirit of the Softwood Lumber Agreement in its decision to elect the current Canadian liaison, John Weaver, to full board […]

The Endowment’s Board of Directors convened for its second in-person meeting June 17-19, 2007 — the site, Issaquah, Washington. In addition to taking a number of actions (summarized below), the Board and staff gained valuable insights into conservation issues in the Pacific Northwest. Outside presenters were: Court Stanley and Judd Kirk, Port Blakely Tree Farms/Communities; […]

Effective May 1st the Endowment will begin operations from its new corporate office at 200 Whitsett Street, Suite 200, Greenville, SC 29601. The space in a beautifully-rehabbed home in the Pettigru Historic District is a short 8-10 blocks from the center of Main Street. The general phone number and P.O. Box will remain the same. […]

In keeping with the terms of the Softwood Lumber Agreement 2006 (SLA), the Government of Canada has appointed Dr. John W. Weaver, President and CEO of Abitibi-Consolidated, to be its representative to the U.S. Endowment. The “side letters” to the SLA call for the Government of Canada to have either a “non-voting member of the […]

The Government of Canada today transferred approximately $177.4 million, which combined with an earlier payment of $22.6 million, completes the $200 million endowment set forth under the Softwood Lumber Agreement 2006. Since “officially” beginning business on November 1, 2006, the Endowment has operated on borrowed funds. The interest earned against the corpus will now allow […]

In a continuing commitment to transparency in all its dealings, the Endowment today shared drafts of a Vision, Mission and the first phase in work intended to establish initial focal areas of emphasis. The Vision and Mission may be found on the Endowment’s Home Page.

On April 1 Diane Snyder will begin her tenure as Vice President-Community Development with the Endowment. Ms. Snyder has for the past decade been Executive Director of Wallowa Resources — a community-based natural resources not-for-profit. “Diane’s success in working with a wide range of constituents to stimulate economic vitality in a lightly populated natural resource-dependent […]

During its first “in-person” meeting held in Jackson, Mississippi, February 18-20, the U.S. Endowment’s Board of Directors heard a report from its Nominating Committee regarding officers. The Committee recommended that Cynthia “Mil” Duncan be elected Vice Chair and that Duane McDougall assume the office of Treasurer. Both were elected unanimously. Additionally, the Board took steps […]

The IRS has granted the U.S. Endowment “public charity” status under Section 501(c)(3) of the Internal Revenue Service Code. All contributions to the Endowment are deductible under Section 170 of the code. The ruling is effective from September 21, 2006 until December 31, 2010.