Catherine L. and Robert O. McMahan Foundation Divides $8M Assets Between The Big Sur Land Trust and Chartwell School.Business Editors SEASIDE, Calif.--(BUSINESS WIRE)--May 19, 2004 Monterey County-Based Foundation Gives Each Organization a $4 Million Matching-Grant In a press conference held today on the former Fort Ord Fort Ord was a U.S. Army post on Monterey Bay in California. It was established in 1917 as a maneuver area and field artillery target range and was closed in September 1994. Fort Ord was one of the most attractive locations of any U.S. , directors of the Catherine L. and Robert O. McMahan Foundation announced they will divide the Foundation's total assets between two non-profit organizations, The Big Sur Big Sur Scenic region along the Pacific coast of California, U.S. It comprises a ruggedly beautiful stretch of seacoast 100 mi (160 km) long. Popular with tourists and naturalists, it extends southward from Carmel to the Hearst Castle at San Simeon. Land Trust and Chartwell School. The Catherine L. and Robert O. McMahan Foundation, which has been in operation for 50 years, is currently among the largest private foundations in Monterey County, with approximately $8 million in assets. Today's announcement of two $4 million matching grants will essentially disburse dis·burse tr.v. dis·bursed, dis·burs·ing, dis·burs·es To pay out, as from a fund; expend. See Synonyms at spend. [Obsolete French desbourser, from Old French desborser the foundation's total capital funds. Since 1980, the Catherine L. and Robert O. McMahan Foundation has given more than $5 million in grants to over 200 non-profit organizations primarily in Monterey County. The foundation will consider its final round of grant applications in the fall of this year. The impact of the $4 million matching grants, which challenge other donors to meet the McMahan's gifts dollar for dollar, will be significant for both The Big Sur Land Trust and Chartwell School. The donations constitute the largest single cash contribution that either organization has ever received. Chartwell School, which has recently embarked upon a $15 million campaign to build a new campus on the 29-acre former Fort Ord Officer's Club property, will be able to launch phase one of its construction plans with the receipt of the McMahan Foundation grant. The Big Sur Land Trust, now in its 26th year, will be able to create a revolving fund revolving fund n. A fund established for a certain purpose, such as making loans, with the stipulation that repayments to the fund may be used anew for the same purpose. Noun 1. for land acquisition and an endowment for stewardship. Today's press conference was held on the future site of Chartwell School. "The Big Sur Land Trust and Chartwell School both represent what has always been the underlying mission of the Catherine L. and Robert O. McMahan Foundation, to secure a better future for coming generations," stated Michael McMahan, one of the foundation's three directors. "We believe these grants will provide important benefits to our community for many years to come." The Big Sur Land Trust, a Carmel-based non-profit organization, has protected several thousand acres of scenic and wildlife areas including Palo Corona Ranch, the Point Lobos Ranch Point Lobos Ranch is an area in the State of California, USA, owned by the California State Park System which is being held for possible use as a state park. Point Lobos Ranch is located south of Carmel by the Sea and east of Point Lobos State Reserve. , Mitteldorf Preserve, Glen Deven Ranch, Joshua Creek Canyon Ecological Reserve and Gamboa Ranch. Since it was founded in 1978, The Big Sur Land Trust has protected more than 30,000 acres along the Big Sur Coast, Monterey Bay shoreline, and other locations throughout Monterey County. The Big Sur Land Trust has a current membership of over 2,000 supporters and volunteers. This mission of The Big Sur Land Trust falls within the Catherine L. and Robert O. McMahan Foundation's stated interest in conservation and preservation issues. The foundation has been a long-time supporter of The Big Sur Land Trust. Nicki McMahan, another of the foundation's directors, is among the original founders of Chartwell School, an accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. private institution that specializes in research-based education for children with language-based learning differences, such as dyslexia dyslexia (dĭslĕk`sēə), in psychology, a developmental disability in reading or spelling, generally becoming evident in early schooling. To a dyslexic, letters and words may appear reversed, e.g. . Language-based learning differences affect 14% of the student population in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. conservative estimates. With 95 students enrolled, Chartwell has reached maximum capacity at its current location in Seaside, leased to the school by the Salvation Army. Its new campus, designed according to green construction standards, will accommodate up to 160 students, allowing the school to expand its ability to serve the region. The only school of its kind between Los Angeles and the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay , Chartwell enrolls students from the Monterey Peninsula, Salinas Valley, and Santa Cruz County Santa Cruz County is the name of two counties in the United States:
More information on The Big Sur Land Trust and Chartwell School may be obtained by visiting: www.bigsurlandtrust.org and www.chartwell.org. |
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