TICONDEROGA The Lake George Land Conservancy (LGLC) recently received $223,066 from the Helen V. Froehlich Foundation: $200,000 toward a revolving land protection fund and $23,066 toward continued support of the LGLCs collaborative water quality research project with the Darrin Fresh Water Institute.
This is the largest gift we have received from the Froehlich Foundation over our long and fruitful relationship, said LGLC Executive Director Nancy Williams, and Im particularly pleased that it has come at a time when we have begun a $5 million, Phase I capital campaign. We are seekingconservation heroes who are inspired by land protection and are able to help us protect the beauty of Lake George for futuregenerations.
The foundations gift marks an important beginning to the LGLCs capital campaign to build its revolving fund for land protection. The revolving fund will enable the LGLC to act without delay on land purchases in order to be competitive with developers. Without a revolving fund the LGLC has no option but to borrow money to purchase lands, limiting its capacity to purchase land when it becomes available on the market and requiring the LGLC to repay the interest and loans with monies raised by fundraising. Some lands may be sold to the New York Department of Environmental Conservation but seldom at a value that covers costs incurred by the land trust.
The Froehlich Foundations support will also go towards the LGLCs continuing work with the Rensselaer Polytechnic Institutes Darrin Fresh Water Institute, located in Bolton Landing, to conduct a three-year study to demonstrate the effects of residential and road construction on lakes, ponds and streams. Now beginning its third and final year, the study involves sampling water from three shoreline sites around the lake, each in varying states of disturbance, to show water quality trends in those areas.
The Froehlich Foundation was created in 1993 with funds provided by the late Helen V. Froehlich. The foundations mission is to assist with the conservation and preservation of the environment related to Lake George, including, but not limited to, matters involving the lake, land and water immediately surrounding the lake.
The Lake George Land Conservancy is a non-profitland trust that has preserved nearly 11,000 acres around the Lake George watershed and8.6 miles of lake shoreline.