Friday, January 23, 2009

Great Lakes Protection Fund Announces Cutbacks

Jan 23: The Great Lakes Protection Fund (GLPF) issued an announcement saying that it is "making changes to its operations to adapt to the challenges of our contracting economy. As a permanent endowment, we remain committed to supporting our current project teams and to making new grants in support of our mission. However, out of economic necessity, we have made some substantial operational changes. We have reduced our operating budget significantly and the level of support for new projects will be reduced in 2009. We are committed to openly communicating any changes that might be necessary in light of the ongoing economic volatility. We will keep our website up to date and encourage you to check in periodically."

GLPF is a private, nonprofit corporation formed in 1989 by the Governors of the Great Lakes States. It is a permanent environmental endowment that supports collaborative actions to improve the health of the Great Lakes ecosystem. The Fund's Board of Directors is comprised of two governor appointed representatives from each member state. The Board of Directors meets quarterly and governs the Fund's operation. To date, the Fund had made 221 grants and program related investments representing more than $56.5 million in regional projects to improve the health of the Great Lakes ecosystem.

Access the announcement (click here). Access the GLPF website (click here).