Save the Redwoods League

“Conservation easements are expensed as a program expense in the period in which they are acquired or donated to the league. Sales to public agencies of conservation easements on real estate held by the league are recorded as a decrease in the basis of the real estate held in the statement of financial position.”

“General endowment the league has a policy of appropriating for distribution each year an amount of no more than 3% of its endowment fund average fair value over the prior 12 quarters through the calendar year-end preceding the fiscal year in which the distribution is planned. In establishing this policy, the league considered the long-term expected return on its endowment. Accordingly, over the long term, the league expects the current spending policy to allow its endowment to grow at an average of 3% annually. This is consistent with the league's objective to maintain the purchasing power of the endowment assets held in perpetuity or for a specified term as well as to provide additional real growth through new gifts and investment return. The endowment of the league is currently in a building stage and the board believes that there is not a sufficient base from which to spend or appropriate the endowment at this time. As a result, there was no appropriation for spending in 2025. Fish run place endowments a grantor established two endowments (the funds) for the management, maintenance and preservation, and the conservation easement stewardship in perpetuity of the fish run place property (fish run place). The league transferred fish run place to another entity and holds an easement over fish run place. The league manages the funds for the work to be completed by the entity as required in the long-term management plan (ltmp). All the earnings from the funds are intended to provide the funding for the work on fish run place. If the earnings from the funds are insufficient to provide for the land management, maintenance and preservation of fish run place, the entity shall prudently use such available funds (including corpus) to address the most critical management, maintenance and preservation needs of fish run place.”

“The league is a tax-exempt organization under the internal revenue code, section 501(c)(3) and related california code sections. Accordingly, no provision for income taxes on income has been reflected in these financial statements. As of march 31, 2025, management evaluated the league's tax positions and concluded that the league had maintained its tax-exempt status and had taken no uncertain tax positions that required adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements.”

“Change in value of split interest agreement 268,134. Change in value of pledges 44,873.”

“Returned grants -7,819. Discount on sale of land to government agency at below market price 9,814,500.”