2015 Annual Report

L ANDSCAPES Peninsula Open Space Trust 2015 Annual Report

OUR MISSION

POST protects and cares for open space, farms and parkland in and around Silicon Valley.

OUR VISION

POST is shaping a vibrant ecosystem for Silicon Valley— a network of protected lands that provide scenic beauty, clean air and water, locally grown food, and a place for people and wildlife to thrive. These lands will be preserved forever so that present and future generations can live in harmony with nature, in a careful balance of urban and rural landscapes that make our region extraordinary.

2

TA B L E O F C O N T E N T S

ŠWilson Lam 2015 / cover ŠPaolo Vescia 2015

4

2015 Year in Review

5

A Look Ahead

6

2015 Land Protection Accomplishments

8

2015 Land Stewardship Accomplishments

10

Statement of Financial Position

11

Statement of Activities

12

Donors: Leadership Gifts & Summit Society

14

Donors: Skyline Society

20

Donors: Friends

24

Campaign Donors

25

Estate Gifts & Ways to Give

26

Open Space Legacy Society

28

Tribute Gifts

29

Volunteers & Donated Services

31

Board Member Changes

2015 YEAR IN REVIEW It has been my privilege and honor to serve as Board Chair for POST this last year. As a fourth generation farmer, wine grower, equestrian and conservationist, I believe in the preservation of land for many, many reasons.

2015 was a particularly exciting year in Silicon Valley and for POST. We delivered on significant land protections, stewardship projects, and a vision for the future of the Peninsula that is unique to POST and our community of supporters.

With your support, we acquired 376 new acres, facilitated the purchase or permanent protection of 442 acres by public agency partners and sold conservation easements on 8,885 acres of redwood forest, open

4

space and working lands. And we have cared for protected lands through seven significant stewardship projects.

In my lifetime, I have watched some of the best farmland anywhere get paved over.

This makes POST’s recent purchase of a 74-acre San Gregorio farm the accomplishment I am most proud to report. The project ensures the fertile soil of our land does what it does best: remain in production for the benefit of us all.

It’s been a great year. Thank you for your support and I look forward to what’s to come in 2016.

Jan F. Garrod, POST Board Chair

A LOOK AHEAD People enjoy connecting with one another. Whether through an interesting interaction with a coworker, laughs over dinner with friends, or a hike in the woods with a loved one, these connections enrich our lives.

Connections are also essential to the next phase of POST’s land saving work. Through the years, your support has enabled us to conserve over 75,000 acres mostly in large blocks of open space. As our 40th anniversary approaches in 2017, the challenge ahead is to connect these large tracts of protected lands, which will deliver exponential benefits and enrich the lives of both two and four-legged critters.

Completing regional trails like the California Coastal Trail, the Bay Area Ridge Trail, and the Skyline to the Sea corridors that connect the two, will provide spectacular recreational opportunities. Wildlife corridors that pass safely through hazardous transportation

routes like Highway 17 and the old Monterey Highway in the south bay will sustain the apex predators that are critical to the health of our natural ecosystems.

In pouring over maps (as we like to do), we see that many of the essential links between the larger open spaces are working lands. For decades, coastal farmers and timber operators have used sustainable practices that demonstrate their commitment to protecting natural resources.

They are key partners in long-term land stewardship, which is why POST is crafting agreements to ensure these stewards continue to care for these lands. You will hear more about how connecting spectacular open lands is vital to our conservation efforts in the months ahead.

Connected we thrive!

Walter T. Moore, POST President

P.S. Stay connected with us by joining our email community at openspacetrust.org.

5

2015 LAND ACCOMPLISHMENTS

PROTECTION

1

PILL AR POINT BLUFF ADDITION

Purchased the last remaining parcel needed to complete

2

B U R N S VA L L E Y

Purchased 279 acres near La Honda. The property

the Pillar Point Bluff section of the California Coastal

is adjacent to a tributary of Pescadero Creek, which

Trail. This 21-acre parcel will be transferred to San

provides important habitat for steelhead and Coho

Mateo County Parks who will incorporate the property

salmon. The uplands contain oak woodlands with

into the existing county park.

stands of canyon oaks, madrones, and Douglas-firs.

LOBITOS CREEK

5

A L P I N E R A N C H

Helped Midpeninsula Regional Open Space District

Sold a conservation easement on the 353-acre

(Midpen) acquire 40 acres adjacent to October

Alpine Ranch, adjacent to Sam McDonald and

Farms near Lobitos Creek in Pescadero.

Pescadero Creek County Parks, to Midpen.

3

SAN GREGORIO FARM

Purchased a 74-acre farm property along Highway 84 that had been in a farming family since the 1970’s.

The property consists almost entirely of prime soils,

6

4

This easement provides added protections for the redwood forests and creek habitat by restricting development on the property.

SAN 6

V ICEN T E REDWOO DS

which are excellent for growing strawberries, Brussels

Completed the sale of a conservation easement

sprouts, peas and pumpkins. It also borders over half

to Save the Redwoods League to add an additional

a mile of San Gregorio Creek, which provides important

layer of protection on the 8,532-acre San Vicente

habitat for steelhead trout.

Redwoods property.

#1

75,000 ACRES

ALAMEDA COUNTY

HALF MOON BAY

SANTA CLARA COUNTY

Helped the Santa Clara Valley Open Space Authority (OSA) purchase 285 acres near Uvas Reservoir in Northwest

#3 #

#

A C L A RA C O U NT Y

The completion of these projects put POST past 75,000 total acres protected.

ยก

101

Thank you for helping us achieve this milestone!

NT

#2

SA

SAN JOSE

#

Morgan Hill. The property is permanently #

protected subject to a trail and conservation easement held by Santa Clara County Parks (SCCP). OSA plans to open the property for public access in the next few years.

4

#5

# #

SAN MATEO COUNTY SANTA CRUZ COUNTY

SANT

SA N

#6

A

TA

CL

CR

A

RA

UZ

CO

CO

UN

UN

TY

TY

7

#

#

SANTA CRUZ

OU

U VA S CR E EK O P E N S PACE P R E S ER V E

SA

7

N M A T E O COU N T Y

#

NT

Y

Y

2015 LAND ACCOMPLISHMENTS

STEWARDSHIP 8

M A N AGED WAT ER FOR FISH & FARMS

11

I n partnership with Midpen, completed the Mindego

Completed a water diversion project on Arroyo Leon, a key agricultural waterway. The diversion provides

Gateway project, including Audrey’s Way, to allow public

water to support farming on Johnston Ranch, while

access to the entire Mindego area of the Russian Ridge

only withdrawing water during higher flows to preserve

Open Space Preserve. The new staging area and 1.2-mile

sufficient creek flows for continued fish bypass.

Ancient Oaks connector trail were opened in Spring 2015.

KEPT 9

A new trail to the top of Mindego Hill opens in Spring 2016.

FARML ANDS PRODUCTIVE

Entered into a short-term agricultural lease agreement

10

E X PA N D ED P U B L I C ACCE SS

12

FLOO DPL A I N RES TOR AT I O N

on a 74-acre farm, acquired by POST along San Gregorio

A warded a $937,926 grant from the California Department

Creek. The lease ensures the prime soils of the farm

of Water Resources Urban Streams Restoration Program for

remain in use until POST identifies a long-term tenant

a collaborative effort with the San Mateo County Resource

in 2016.

Conservation District (RCD) to restore the natural floodplain of Butano Creek in Pescadero. The project will provide flood

ENHANCED SAN GREGORIO CREEK

relief, improve water quality and enhance habitat for

Utilized a $150,000 grant from the Resource Legacy Fund to protect and enhance habitat along San Gregorio Creek on POST’s 318-acre Driscoll Orchard

steelhead trout and Coho salmon.

13

DROUGHT RESILIENCE FOR AG & WILDLIFE

property. Funds were used to install riparian buffers,

Restored six ponds on POST’s 5,970-acre Cloverdale Ranch

complete erosion reduction projects, and eradicate

in Pescadero. The enhancements, completed in partnership

invasive species.

with RCD, provide drought resilience for agricultural operations and habitat features for threatened and endangered species.

8

# ALAMEDA COUNTY

HALF MOON BAY

SANTA CLARA COUNTY

SA

Completed a property-wide management Redwoods with Sempervirens Fund and Save the Redwoods League. The plan guides

# #

9

preservation of the old growth redwoods, critical coastal watersheds and sensitive species habitat on the property.

10 #

future stewardship of both the working forest and restoration reserves, ensuring

#

#

ยก

101

SAN JOSE

11

#

#12 #13

SAN MATEO COUNTY SANTA CRUZ COUNTY

SANT

SA N

#14

A

TA

CL

CR

A

RA

UZ

CO

CO

UN

UN

TY

TY

#

#

SANTA CRUZ

OU

plan for the 8,532-acre San Vicente

A C L A RA C O U NT Y

FOR SAN VICENTE REDWOODS

#

NT

A C O N S E R V A T I O N V I S I O N

SA

14

N M A T E O COU N T Y

#8

NT

Y

Y

AS OF JUNE 30, 2015

STATEMENT OF FINANCIAL POSITION ASSETS Cash and cash equivalents Cash held on behalf of public agencies Accounts receivable Pledges, grants and bequests receivable, net Financing receivables, net Interest receivable Prepaid expenses and other assets Investments Residual interest in charitable remainder trusts Investments held in charitable remainder trusts Property held-for-sale Land held-for-conservation Property and equipment, net T O TA L A S S E T S

LIABILITIES $148,316 270,738 502,696 11,617,242 24,016,666 84,592 379,942 155,437,201 294,455 5,801,340 178,600 81,239,186 5,543,701 $285,514,675

Accounts payable and other liabilities Stewardship liabilities Notes payable Asset retirement obligations Funds held in agency trust funds Liabilities under remainder trusts T O TA L L I A B I L I T I E S

$16,074,264

NET ASSETS Unrestricted Board Designated T O TA L U N R E S T R I C T E D NET ASSETS Temporarily restricted Permanently restricted

10

$517,095 943,786 9,724,085 1,788,449 270,738 2,830,111

$16,288,692 236,492,291

$252,780,983 16,108,928 550,500

T O TA L N E T A S S E T S

$269,440,411

T O TA L L I A B I L I T I E S AND NET ASSETS

$285,514,675

FOR THE YEAR ENDING JUNE 30, 2015

STATEMENT OF ACTIVITIES REVENUE, SUPPORT AND GAINS Contributions and grants Interest and dividends Realized and unrealized gains on investments, net Rental and other income

$26,845,991 2,854,346 1,351,618 230,844

T O T A L R E V E N U E , S U P P O R T, A N D G A I N S

$31,282,799

O P E R AT I N G E X P E N S E S Program services Fundraising Management and support services

$9,371,367 1,920,394 981,159

T O TA L O P E R AT I N G E X P E N S E S

$12,272,920

CH A NGE I N N E T A SSE T S

$19,009,879

NET ASSETS, BEGINNING OF THE YEAR

$250,430,532

NET ASSETS, END OF THE YEAR

$269,440,411

84% PROGRAM EFFICIENCY

*

POST spends 84% of funds directly on program services, 12% on fundraising and 4% on management and support *5 Year Rolling Average

11 ŠNealKramer 2008

71%

HEART OF THE REDWOODS

CAMPAIGN DONORS These donors gave $500+ to the campaign between 12/1/14 and 11/1/15: John & Linda Chamberlain Wilson & Sue Cooper Fenton Family Foundation Irv & Sukey Grousbeck Martha Kanter Leonard C. & Mildred F. Ferguson Foundation Alisa & Neil MacAvoy Eleanore McCoy Craig D. Meinzer

Mellam Family Foundation David J. & Maryanne Z. Murphy Paul & Antje Newhagen William Reller Repass-Rodgers Family Foundation Inc. Kathleen W. & John C. Schniedwind, Jr. Albert R. & Joel W. Schreck Paul Thomson Kimberly Young & John H. Moragne

MATCHING GIFTS Corporate matching gift programs were most greatly leveraged by the employees of the following companies in FY 2015:

RENEWAL of 2014 donors DOUBLE THE IMPACT OF YOUR GIF T

Many companies match donations their employees make to charities and some match gifts made by retirees. Is your employer one of them?

Learn more: openspacetrust.org/matching 24

ŠWilliam K. Matthias 2015

SAVE OPEN SPACE

ESTATE GIFTS POST is honored to acknowledge the bequests and other legacy gifts we received in FY 2015 from the following individuals: Anonymous (3) Jean Allen Jack H. Beebe Patricia Cooksey Arthur K. & Norma M. Dunlop

WAYS TO GIVE DON ATE STOCK

To facilitate the transfer of shares, provide your broker with the following information: FIDELITY INVESTMENTS DTC #0226 FOR CREDIT TO: PENINSULA OPEN SPACE TRUST ACCOUNT NUMBER: 613-945692 TAXPAYER I.D. NUMBER: 94-2392007

Evelyn Flanary & Ferne A. Hollebeck

In order to properly credit your gift, please notify Gina Frangione:

Alice Gerland

gfrangione@openspacetrust.org

Harry Charles Gunetti, Jr.

(650) 854-7696 x334

Timothy F. Haggerty & E. Ann Haggerty Virginia Luise Howe Vera M. Long

LEAVE A LEGACY OF PROTECTED L AND

Douglas I. Martin

Make a meaningful gift to POST through your will or trust. Or name POST a

Robert M. Olton, Jr.

beneficiary of your IRA or donor advised fund. If you have included POST in your

Elsa J. Roscoe

plans, please let us know so we can invite you to join our Open Space Legacy

Robert Schauer

Society. To learn more, contact Jeanine Crider, Director of Planned Giving:

Hazel Simon

jcrider@openspacetrust.org

(650) 854-7696 x312

25

1,059 NEW DONORS joined the POST community in 2015

28

ŠPaolo Vescia 2015

GIFTS RECEIVED JUNE 30-SEPTEMBER 30, 2015

TRIBUTE GIFTS IN HONOR OF

IN MEMORY OF

Lisa Baumgartner Anne & Dave Bernstein Gordon & Nichole Clark Mikaelian & Peppy Sindhu Hari Dandekar Ali Dwiggins & Nick Moiseff C. Rand Elness Marion Euphrat Ted & Sissy Geballe Congressman Paul McCloskey Mark Medeiros Nick & Ali Moiseff Rebecca Moore Margot Phan Lynn Gitlin & Michael Stein Ralph Tiegel Marilyn Walter

Eleanor Boushey Maggie Brandon Dean Christon Wil Concklin Michael J. Cronin Maryann Danielson Arline Dehlinger Edwin Taylor Fred Hirschman Dr. Roger Jackman Patrick Kelly JoEllen Maguire Donna McIntosh Austen Meek Jim Minor Nancy Morgan Samuel A. Pond Timmy Ramsey Hank Riggs Jean Schubel Matthew Joseph Shanks Joseph Blaine Tanner

LAND AND OUTREACH

VOLUNTEERS Suzanne Abel Marc Anker Luke Bailey Julie Baird Paul Bartz Victoria Bartz Arianna Beauvais Todd Bender Mary Bernstein Norma Jean Bodey Steve Boles Suzanne Bray David Brennan Leonard Bria Steve Brugler Mark Buchsieb Mike Butler Keith Byars Theo & Jackie Callahan Tom Carlino Monica Cavallaro John Chamberlain Cobe Chatwood Joe Christy Marybelle Cody Gary Conway

Frank Crossman Elna Cunningham Kim Dailey Jamie D’Alessandro Miriam DeJongh Kyle Dosskey Ann Duwe Barry Elkins Jerilyn Emori John Epperson Tony Ferrari Leslie Flint Denise Gilbert Josh Gill Tara Gill Leigh Glerum Emmeline Graham Mike Hammes Chuck Henderson Jim Holt Suzie Hotelling Sarah Hsia Al Huber Susan Hudak Dale Jantzen Doug Kalish

Gerold Kaminski Dennis Kanemura Tony Kramer Steve Leaf Beverly Lipman Jim Lipman Eric Lynch Magda MacMillan Karen Madsen Lauren Malone Larry Manning Jim Marshall Wilda Masunaga Pat McGuire Lori Menachof Clive Merredew Matt Michiels Claudia Newbold Keaton Norquist Robert Perri Patti Price Tamara Pulsts Nobie Redmon Marc Roddin Wei Rosenberg Curt Rowe

Kelly Runyon Don Savant Sarah Schilbach Lisa Schmidt Gordon Smith Larry Sokoloff Katharina Stromeyer Christine Su Bob Tatum John Thomas Sara Timby Katie Tolve Gaye Torjusen Anne Trela Ted Vian Manon von Kaenel Michael Westley Louise Wholey Barbara Wright Arlen Young Wenxia Yu Julie Zack Bill Zschaler

1,523 NUMBER OF HOURS dedicated volunteers logged in support of the mission

DONATED SERVICES Nikki Ann Edmunds Lynn S. Gretkowski

Paul and Antje Newhagen Wait Harris & Leslie Turnbull

©Robert Buelteman 2015

BOARD MEMBERS

BOARD EMERITUS

Jan F. Garrod, Chair Dennis DeBroeck Andrew Bosworth John Chamberlain Sean Dempsey Christy Holloway Rajesh Mashruwala Matt Miller Brad O’Brien Suzanne Sullivan Sandra Thompson Leah Toeniskoetter Kimberly Young

James E. Baer Steve Blank Sheldon Breiner, Ph.D. Allan F. Brown Andy Cunningham Phyllis Draper Donna Dubinsky Susan Ford Dorsey Vince S. Garrod* Diane Greene Sukey Grousbeck Larry Jacobs Karla Jurvetson, M.D. Charlene Kabcenell Martha Kanter Robert C. Kirkwood Richard C. Livermore Norm Matteoni Dianne McKenna David W. Mitchell Paul Newhagen F. Ward Paine William Reller Audrey C. Rust Karie Thomson Mark Wan Anne M. Westerfield Rosemary Young

PRO BONO AT TORNE YS John Epperson, Cooper, White & Cooper LLP Jeff Wutzke, Goodwin & Procter LLP

30

MANAGEMENT Walter T. Moore, President Heather Kantor, Chief Financial Officer Jennifer Lynch, Vice President, Advancement Tricia B. Suvari, Esq., V ice President, Land Transactions & General Counsel Marti Tedesco S enior Director, Marketing & Communications Linda Chin, Director, Donor Engagement Gordon Clark, Director, Program Development Jeanine Crider, Director, Planned Giving Diane Cordova, Director, Human Resources Daniel Olstein, Director, Land Stewardship Noelle Thurlow, Director, Land Transactions

NEXT GEN COMM I T T EE Andrew Bosworth, Co-Chair Brooke Ray Smith, Co-Chair David Swift, Co-Chair Sara Clark Kalle Dahl

PUBLIC AGENCY PARTNERS Bureau of Land Management California Department of Fish & Wildlife California Department o f Forestry & Fire Protection

San Mateo County Department of Public Works San Mateo County Health System San Mateo County Manager’s Office

Andrea Gaffney

California State Coastal Conservancy

Jennifer Gross

California State Parks

San Mateo County Resource Conservation District

Gary Johnson

California Wildlife Conservation Board

Santa Clara Valley Water District

Golden Gate National Recreation Area

Santa Clara County Department of Parks & Recreation

Sunya Ojure Alexis Smith Christine Su Leah Toeniskoetter Kevin Watt Pei-Yee Woo

SKYLINE COMM I T T EE Alisa MacAvoy, Chair Suzanne Bray Elllen Brownell Edith Collin Sheryl Heckman Susie Hotelling Karen Madsen Darwin Poulos Jeff Scroggin Sarah Watson

Midpeninsula Regional Open Space District National Park Service Natural Resources Conservation Service Santa Cruz County R esource Conservation District

Santa Clara Valley Open Space Authority United States Fish & Wildlife Service Conservation Partnership Program U.S. Geological Survey

San Francisco Public Utilities Commission San Mateo County Department of Agriculture San Mateo County Department of Parks

* Deceased

We are thrilled to welcome Rajesh Mashruwala to our Board of Directors RAJESH MASHRUWALA Rajesh lives in Palo Alto and originally connected with POST’s work through recreation. He discovered POST through his love of hiking and cycling in the Bay Area’s open spaces. Professionally, he is an investor in early stage technology companies. An engineering alumnus of UC Berkeley and IIT Bombay, he has participated on the boards of many nonprofit organizations including alumni groups and those with a focus on senior services, the arts and

©Paolo Vescia 2015

“

As a family putting down new roots in the Santa

literature. In addition to his entrepreneurial spirit and

Cruz Mountains, the goals

experience in Silicon Valley, Rajesh will work with POST

of POST not only have long

on programs to reach diverse communities.

term generational benefits, but support our family

Thank you to retiring board members, Diane Greene and Donna Dubinsky, for their extraordinary service.

Landscapes is printed on 30% post-consumer paper with soy inks.

Published by: Peninsula Open Space Trust

222 High Street, Palo Alto, CA 94301 (650) 854-7696 openspacetrust.org

Design: The Point Collective, Inc. We make every effort to accurately list the names of POST donors and apologize for any errors or omissions within this annual report. Please call our office at (650) 854-7696 to notify us of any errors.

POST is a public benefit California corporation and is tax-exempt under section 501(c)(3) of the Internal Revenue Code.

Contributions to POST are tax-deductible.

today. We value open space for its benefits of carbon offset, providing wildlife habitat, the natural quiet in the absence of development, and the simple beauty of the outdoors.

We feel lucky to be able to help support POST.

”

- Tys, Melissa & Amelia Sniffen

PROTECT LOCAL LAND WITH A

PENINSULA OPEN SPACE TRUST

YEAR-END DONATION

222 HIGH STREET

Thank you for being a part of the POST community.

Your support gives local wildlife room to roam, saves iconic landscapes, and protects local farms.

Make a year-end gift to POST before December 31, 2015.

VISIT: openspacetrust.org/donate RETURN: the enclosed envelope CALL: (650) 854-7696 x323

ŠPOST 2015

PALO ALTO, CA 94301 (650) 854-7696 OPENSPACETRUST.ORG