Sierra Club Foundation
The Sierra Club Foundation is an American nonprofit charitable organization focused on environmental efforts. It is an independent 501(c)(3) social welfare organization, the fiscal sponsor of the charitable programs of the Sierra Club. The organization's stated mission is to "help educate, inspire, and empower humanity to preserve the natural and human environment."
Based in Oakland, California and founded in 1960, the Sierra Club Foundation funds a range of environmental projects. Notable members of the board of directors have included Lynn Jurich, Mike Richter, and Darren Aronofsky. The corporate officers, as of August 2023, are Robin Mann, Joel Sanders, Jessica Sarowitz, and Rebekah Saul Butler.
In 1999, it was the 14th largest recipient of public donations amongst environmental groups.
According to its 2020 annual report, the foundation awarded just over $80 million in grants to the Sierra Club and to non-profits "to support scientific, educational, literary, organizing, advocacy, and legal programs that further our goals". The largest grant of $29.7 million was to the Sierra Club's Beyond Coal campaign.
Investments, revenue, and grants
In August 1975, the foundation had roughly half its $604,000 portfolio invested with environmental and social criteria in mind, and the other half with a second management firm without such screens that had invested $132,945 in petroleum, timber, and mining companies. Executive Secretary Colburn S. Wilbur explained the investment committee wanted "to see how they would compare".In 2014, the Sierra Club Foundation announced it would be joining the Divest-Invest philanthropic campaign to more fully align its investment strategy with its mission. Having started to divest in fossil fuel stocks four years prior, the charity pledged to sell its remaining fossil fuel company investments, which it estimated as being less than 1% of its portfolio.
In 2015, the Sierra Club Foundation reported $132 million in assets and $88 million in revenue for the year, with $54 million in grants made. In 2020, it reported $245 million in assets and $117 million in revenue for the year, with $80 million in grants made.