2017 - welcome to vfef · holiday lake forestry camp. vfef_ar2017.indd 2 8/23/17 11:27 am 2017...

2017 Report

Conserving a Vital Resource for the Future

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Scholarships are an important component of VFEF’s educational efforts. They are donor-designated and have been granted to Virginia Tech forestry students from the inception of the Foundation. Echoing the importance of this program is a former scholarship recipient, “I am truly honored to have received a VFEF sponsored scholarship while pursuing my Forestry degree at Virginia Tech. The financial assistance provided by VFEF scholarships is incredibly beneficial and appreciated, especially as college tuition costs continue to increase. Perhaps equally as critical is the recognition for hard-working students as well as the confidence and motivation these scholarships provide as students continue working toward a degree in this important field.”

Former scholarship recipients who have given back to VFEF in 2016 include:

Carl S. Dyson John M. HancockDamon Houghton

Easton LovingShannon McCabeLarry D. Moore

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V i r g i n i a F o r e s T ry e d u caT i o na L F o u n daT i o n

The President’s Message

VFEF Growth Means Greater SupportLet me begin my annual report to the Virginia Forestry Association by thanking you for your enthusiastic support and for your generous contributions. This past year has been a good one for the Foundation.

Thanks to a booming stock market and your donations we were again able to increase our support for both the educational programs and our scholarships. As an example in 2007, we contributed $4,000 to fund Forestry Internships at four 4-H Centers. This year we are

contributing $16,000 to the Centers. That is a fourfold increase.

The Foundation has recently completed its 59th year of supporting forestry and forest products education in the Commonwealth. It all started when Paul Mellon of Upperville challenged a group of Virginia’s forestry and industrial leaders to match his $25,000 donation. It took them five years to raise that amount, but when they did, the Foundation was off and running. Victor W. Stewart, our first president, led the way by endowing the first scholarship which now sends $6,000 to support deserving students at Virginia Tech.

Donor designated scholarships are the greatest expenditure of the Foundation. They are known as General Fund and Stuermann. These scholarships provide some seventy percent of the scholarships awarded by Virgina Tech’s College of Natural Resources and Environment.

The Foundation has also taken on new educational programs like Skyline Chapter SAF ’s “Teaching Trees, Teaching Teachers.” This program

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is designed to give teachers “factual and credible information about Virginia’s hardwood forest” and a number of forest management techniques are reviewed.

For years Project Learning Tree has been supported, in fact it is our biggest educational outlay. PLT is an environmental educational program designed for teachers and other leaders working with youth from kindergarten through grade 12. In 2016, 560 educators attended PLT training events in Virginia. The events consist of day-long workshops offered at schools and other

public centers and allow teachers to relate to natural resource professionals who can act as “experts” in their field of expertise.

Other educational programs supported by the Foundation include but are not limited to: Awards and Recognition for 4-H Forestry and Holiday Lake Forestry Camp.

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We at the Foundation think the future offers a number of challenges and opportunities for forest resource education. Virginia is becoming more urban and our citizens need to be made aware of the importance of the forestry and forest products industry. Together, they contribute substantially to our economy ($21 billion annually per the Virginia Department of Forestry’s website), and they also provide a number of environmental benefits including carbon sequestration.

Therefore our efforts going forward need to be directed to expanding statewide youth (PreK-12) educational programs that promote sustainable forests for the environmental, social and economic benefits of all Virginians.

If you are aware of a program that might benefit from VFEF support, contact us at 804-278-8733. More information can be found on our website at www.vfef.net.

–John D. Farmer Jr., VFEF President

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PROGRAMS SUPPORTED IN 2016

Forestry scholarships at Virginia Tech — $92,000 These scholarships are administered through the Foundation in accordance

with the restrictions agreed to with the donors.

Project Learning Tree — $25,620An internationally renowned forestry and environmental educational

program for K-12 students which reaches about 600 teachers annually in Virginia. The PLT activities and modules directly support the

Virginia Standards of Learning.

awards and recognition for 4-H Forestry — $6,000Awards are presented to recognize outstanding youth and volunteer leaders.

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PROGRAMS SUPPORTED IN 2016

Forestry internships at the 4-H centers — $16,500Student interns are used to teach proper forest management concepts.

southwest chapter saF Trees to Products — $5,500 A program designed for educators to provide factual information about

Virginia’s hardwood forests and management practices that enhance wildlife habitat, recreational opportunities and water quality.

Holiday Lake Forestry camp — $1,600A camp for 60 or more teens to provide a week of total immersion

in forestry practices.

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History and Purpose

The Virginia Forestry Educational Foundation was formed almost 60 years ago to be operated exclusively for charitable and educational purposes. No part of its earnings can go to the benefit of an individual or director; it cannot engage in carrying on propaganda or attempt to influence legislation or participate in any political campaign.

The principal activities of the Foundation, when formed, were to:

A. Encourage the reforestation of idle and abandoned agricultural and cutover woodlands.B. Provide prizes for the annual “Keep Virginia Green” poster contest.C. Create more interest in forestry among students by contributing

prizes to forestry judging contests and tuition for attendance at one-week forestry camps.

D. Assist vocational agriculture teachers to arouse more interest in the study of forestry.E. Provide scholarships to worthy high school graduates as a means of

encouraging and aiding them in obtaining a college education in forestry.

These activities of the Foundation have been adjusted and modified over time to meet the current environment but are still consistent with principles established by the founders.

The Foundation seeks to support programs that demonstrate that sustainable forestry can protect watersheds and wildlife while preserving aesthetic and recreational values of the community. Sustainable forestry supports jobs for local loggers, sawmills and other segments of the local communities. Good forest practices assure a steady flow of over 5,000 wood-related items generated by the forest products industry that are so essential to our everyday lives.

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Forestry Legacy Society & Forestry Legacy Society Plus

Individuals who are interested in maintaining, expanding and promoting the forests and forest products of Virginia need only to indicate by will or by codicil to your will, that you are making a bequest to the Virginia Forestry Educational Foundation. These are legal documents; therefore an attorney should be consulted for their preparation.

Members of the Forestry Legacy society

Jack T. Ferguson, John D. Farmer, Jr., Mable B. Stuermann,Katharine Jensen, Dr. John F. Hosner, Earl Longest,

Ben and Mickey Moser, Aubrey L. Clary, Inc.Jack King, Thomas G. Harris, Segar White Guy, Sture G. Olsson,

Charles Finley, Dr. Harry and Jackie Haney, Bonnie Hoover,Garry Marcum, Colonel William W. Wright, William Rilee,

David Medley, Stuart Keedwell, Chuck Stanley, Robert Kennedy,Ben and Chris Angle, Richard Salzer, Larry Moore, James Burruss,Jean Short, Dr. Shelton H. Short, III, Sharon Miller, Ken Morgan,

Crockett Morris, Dr. Lynn Dickerson, Rev. and Mrs. Henry Langford,Jack and Beverley Deaton, James N. Youngblood, Robert and Jane Wait,

Randy Welch, John O. Harrison, Elis Olsson Memorial Foundation,Charles Baney

The “Legacy Society Plus” program provides an opportunity for those who wish to make a more substantial contribution to an educational program that perpetuates the conservation of our forest heritage. A donation of $10,000 by cash, will or codicil qualifies for admission to the “Forestry Legacy Society Plus.” Cash donation may be made over a period of five years.

Members of the Forestry Legacy society Plus

Dr. John F. Hosner, John D. Farmer, Jr., Jack T. Ferguson,Segar White Guy, John and Susan Mullin, Stephen P. Prisley,

Dr. David Wm. Smith, WestRock Foundation, Morgan Lumber Co. Inc.,Dominion Foundation, Acorn Alcinda Foundation

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2016 contributions

Patrons ($5,000-$10,000)Acorn Alcinda FoundationDominion FoundationJane & Arthur Flippo FoundationJohn and Susan MullinWestRock Foundation

captains ($2,000-$4,999) William BarnettElis Olsson Memorial FoundationGeorgia-Pacific LLCJohn & Judi GuyHuber Engineered Woods, LLCMorgan Lumber Co., Inc.Dr. David Wm. SmithThree Rivers Forestry LLC

champions ($1,000-$1,999)Delmer D. AylorDr. Harold BurkhartColonial Farm Credit ACAScott CritzerDowdy’s Forest & Land

Management LLCJohn D. Farmer, Jr.F&W ForestryMaynard & Lois GregoryDr. John F. HosnerLarry D. Moore

champions, continued Old Dominion Electric CooperativeHarold PurcellTaylor Machine Works, Inc.Universal Leaf FoundationRobert & Jane WaitJames Youngblood

sentinels ($500-$999)Amelia LumberAubrey L. Clary, Inc.Bickford Timber & Land ManagementCarneal-Drew FoundationCarter Machinery Co.Comact USADr. Carolyn A. CopenheaverBarbara & Lavan DaubermanGreif RivervilleH & M LoggingChris & Michele HarrisHawkwood TimberlandsMichael HincherIndependence Lumber, Inc.Kapstone Kraft Paper Corp.Mecklenburg Electric CooperativeMcClung-Logan Equipment

Company, Inc.Sharon MillerJ. Peyton PhillipsPulpwood and LoggingRichards Insurance

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sentinels, continued Rock Springs Forestry, Inc.South Rivers Forestry Consultants, LLCSunrise Shavings LLCDr. Bradley Jay SullivanDale TurnerUSNRWestRock (West Point)

guardians($250-$499) Carolina Commonwealth Forest

ProductsJoel & Aurelia CatheyCHT Forestry LLCColonial Forest ProductsCraig KaderavekTipton Timber Management Co.Tradetec Computer Systems (USA) Ltd.Glen Worrell

stewards ($100-$249)Samuel BarkleyDavid BlountJohn & Virginia CarrollCarl S. DysonRobert GarstDr. Harry & Mrs. Jackie HaneyNancy HarrisJohn HarrisonElizabeth O. Harwood

stewards, continued Damon HoughtonThomas Jefferson IIIJohn Hancock Financial ServicesDr. Jeff KirwanEaston & Pam LovingJames & Shannon McCabeMac & Brenda McDannaldMontmorenci Limited PartnershipRadspinner Forestry Certification ServiceDavid W. RichertLillian SchafftRobert & Barbara SmithMarvin & Sharon TinsleyLeisa & Hank Weatherford

Other Contributors Amazon Smile DonationKeith & Pamela Carney John M. HancockElizabeth E KaylorRichard PorterfieldSteve & Chelly Scala

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How can you participate?

The Virginia Forestry Educational Foundation seeks contributions from friends, landowners and anyone interested in educational projects and programs about conservation and forest resource management with

emphasis on youth educational programs.VFEF also accepts online donations at their website: www.vfef.net

GiftsYou can participate through gifts of cash, stocks, bonds, land or timber.As a 501(c)(3) organization, the VFEF can receive your contributionsas fully tax deductible. Contributions are invested in the consolidatedendowment unless requested for a specific purpose. Your tax advisor orattorney should be consulted for major gifts to ensure compliance withgoverning laws and regulations.

SecuritiesGifts of stocks, bonds, or mutual funds can provide tax advantages. Theseinclude a charitable deduction for the full market value of the gift andthe avoidance of any capital gains tax. The simplest and most efficientway to make a gift of any security is to instruct your broker or banker totransfer the stock to the Virginia Forestry Educational Foundation. You oryour broker may call our office at 804/278-8733 for transfer instructions.You may send the stock certificates, unsigned, by registered mail, andunder separate cover a signed stock power form which is availableat your brokerage or local bank to: Virginia Forestry EducationalFoundation, 3808 Augusta Avenue, Richmond, VA 23230.

Please do not sell the stock in your name and have the proceeds sent tous, because this will constitute a cash contribution and you will be liablefor capital gains tax.

Gifts by BequestWhen you consult with your attorney about the preparation oramendment of a will, you might wish to have on hand theserecommended forms for a bequest to the Virginia Forestry EducationalFoundation:

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“I bequeath to the Virginia Forestry Educational Foundation, incorporatedunder the laws of the Commonwealth of Virginia, the entire residue of myestate for its general corporate purposes.” or

“I bequeath to the Virginia Forestry Educational Foundation, incorporatedunder the laws of the Commonwealth of Virginia, _____________percent(____%) of my entire estate, for its general corporate purposes.” or

“I bequeath to the Virginia Forestry Educational Foundation, incorporatedunder the laws of the Commonwealth of Virginia, the sum of__________________dollars ($_______) for its general purposes.”

Gift by PropertyPossible Donation Document

(To be revised with assistance of an attorney for individual situations)

“I hereby give to the Virginia Forestry Educational Foundation, located in Richmond, Virginia the undivided interest in my property located in _______________ County, Virginia and recorded in the Clerk’s office in Deed Book _______, page _____. This gift is free of encumbrance. The tract has been recently appraised for $___________. Copy of appraisal is attached.“

The Virginia Forestry Educational Foundation shall use this gift for itsgeneral corporate purposes. There are many ways we can work togetherwith you in addition to the ones listed here. For example, there are taxadvantages to you to consider a charitable remainder trust, or a deferredgift annuity; both of these provide you with an income for life withthe remainder of your gift eventually passing to the Virginia ForestryEducational Foundation. Upon hearing from you we will be glad to setup a meeting with you and our financial advisor to work out what is bestfor your needs.

Neither the author, the publisher, nor this organization is engaged in rendering legal or tax advisory service. For advice and assistance in specific cases, the services of an attorney or other professional advisor should be obtained. The purpose of this publication is to provide general information. Watch for tax revisions.

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Over $1 millionMable B. Stuermann

centurions$50,000 to $1 million Acorn Alcinda FoundationDominion FoundationJohn D. Farmer, Jr.Jack T. FergusonMorgan Lumber Co., Inc.John & Susan Mullin Fund of

The Community FoundationThe Jane and Arthur Flippo FoundationWestRock

sponsors$25,000 to $49,999 Burkeville VeneerChesapeake Corp.Elis Olsson Memorial FoundationGray Lumber Co.International Paper Co.Ben & Mickey MoserOld Dominion FoundationSegar White Guy Family TrustDr. David Wm SmithMr. & Mrs. Victor W. StewartWestRock Foundation

Benefactors$10,000 to $24,999Virginia Forestry Loggers Self Insurance

GroupColonial Farm Credit ACAH. Lee Bain, Jr.William G. BarnettDr. Harold BurkhartAubrey L. Clary Inc.

East West FoundationGeorgia-Pacific Corp.Dr. John F. HosnerHuber Engineered Woods LLCDr. Jeffrey KirwanMecklenburg Electric CooperativeSharon R. MillerJ. Peyton PhillipsWilliam O. RossThe Titmus FoundationThree Rivers Forestry LLCVulcan Materials Company FoundationJames N. Youngblood

Patrons$5,000 to $9,999Dr. Janaki AlavalapatiBickford Timber and Land

ManagementCarter Machinery Co.Charlottesville Area Community

FoundationColonial Agricultural Educational

FoundationScott CritzerFlippo Land and Timber Co.Maynard & Lois GregoryGreif RivervilleThomas G. HarrisHawkwood Timberlands LLCMr. & Mrs. Fred JarrattKatherine JarrattLarry D. MooreNettleton FoundationOld Dominion Electric CooperativeOntario Hardwood Co. Inc.Pulpwood and Logging Inc.George Ragsdale

Historical record of contributions (Since 1958)

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Patrons, continued Richards InsuranceSmurfit-Stone Container Corp. Inc.Universal Leaf FoundationVirginia Forestry AssociationRobert & Jane WaitRandall WelchDr. Paul Winistorfer and Family

captains $2,000 to $4,999Emma P. Alexander Land

and Lumber Co.Altria Group Inc.Amelia LumberDelmer D. AylorMac BaileyO. W. BallCharles BaneyBank of Southside VirginiaDavid B. BatesDr. Gregory BrownCamp-Younts FoundationCanal IndustriesCarlton and Edwards Lumber Co. LLCCharles City Forest Products Inc.Colonial Forest ProductsDr. Carolyn A. CopenheaverW.R. Deacon and Sons Timber Inc.Jack & Beverley DeatonDr. Lynn DickersonDougherty Equipment Co.Dowdy’s Forest & Land

Management LLCFarmer Charitable FoundationF&W ForestryJohn & Judi GuyH & M Logging IncDr. Harry & Mrs. Jackie Haney

John O. HarrisonO.P. Higgins IIIMichael A. HincherDr. Geza IfjuDr. J. Michael KellyEarl LongestRobert L.V. French Will A. McElfreshMeherrin River Forest ProductsNeff Lumber MillsOld Dominion Timber LLCHarold PurcellDr. Philip J. RadtkeRuth Camp Campbell FoundationDr. & Mrs. Shelton Short IIIMeade A. SpottsSunrise Shavings LLCTapscott Brothers Logging, Inc.Tate Lumber Co.Taylor Machine Works, Inc.Maurice TiptonC. Harrell TurnerDale TurnerVirginia Fibre Corp.Vance & Laurie Wright

champions$1,000 to $1,999Douglas AndersonBall Lumber Co.Barnes Manufacturing Co.BIL-MAR Timber and Land Co.Bo’s HydraulicsJames BurrussCarolina Commonwealth Forest

Products LLCJoel & Aurelia CatheyChampion InternationalJohn H. Clements III

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champions, continued Ed Cobbs Est.Comact USAGerald CrossLavan & Barbara DaubermanDavid E. DenhamBrian & Cynthia FarmerMr. & Mrs. Arthur FlippoFoster FuelsGasburg Land & Timber Co., Inc.Chris & Michele Harris William E. HouserFarrar W. Howard, MDIndependence Lumber Co.Katharine JensenJ. E. JonesMr. & Mrs. T. H. JonesCraig KaderavekKapStone Kraft Paper Corp. Stuart Keedwell EstOllie W. Kitchen, Jr.R. T. LeonardWilliam LeuschnerMechanicsville Pallets Inc.Midkiff Logging Inc.Montmorenci LPCrockett MorrisHarold OlingerPrince George Electric CooperativeWilliam H. RileeRock Springs Forestry, Inc.Richard SalzerLillian R. SchafftSouth Rivers Forestry Consultants LLCHerbert Stotler, Jr.Dr. Bradley Jay SullivanSunTrust Mid-Atlantic Foundation

Marvin TinsleyUSNRUnion Saw and KnifeWachovia BankWestRock (West Point)Colonel William Wright

sentinels$500 to $999W. D. AllenBen AngleBank of GloucesterThomas C. Barnes, Jr.David BlountRobert S. BloxomBlue Ridge LoggingFrank O. Brooks, Jr.Brunswick Box Co.Dr. Gregory BuhyoffR. S. BurrussW.H. BurrussJames L. Camp, Jr.Carneal-Drew FoundationJohn & Virginia CarrollRobert Hill CarterCentral VA Land & TimberContinental Forest IndustriesWilliam E. CooperWallace CustardLarry C. Edwards, Consulting ForesterEstes Express LinesW. R. EzellFalling Creek Log YardT. Frank Flippo and SonsMary FoustPhyllis W. FrancisDaniel L. Goerlich

Historical record of contributions, CONTINUED

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HONOR TRIBUTESMr. & Mrs. Joel Cathey by John & Susan Mullin Fund—

The Community Foundation

Homer G. Smith by Joel & Aurelia Cathey

Dr. David & Mrs. Linda Smith by Easton Loving

MEMORIAL TRIBUTESJack Ferguson by William Barnett

Segar White Guy by John & Judi Guy

John & Wilda Kaylor by Elizabeth E. Kaylor

sentinels, continued Industrial TrucksJames Manville ProductsJ.F. JohnstonAlan H. JonesM. S. JonesW. H. KingKirk Lumber Co.J. Charles & Patricia LeeEaston & Pam LovingManry Rawls Corp.McClung-Logan Equipment Co.John A. MeredithMiller Pallet Co.MM Wright Inc.Dr. John F. MunsellNorthland Forest ProductsP. H. OldOwens IllinoisPenn Virginia Corp.

Richard PorterfieldJames A. RemingtonRenaissance FoundationGreg & Cathy ScheererFrederick W. ScottSheldon Lumber Co.R. A. Yancey Lumber Co.Robert & Barbara SmithSpain Lumber Co.Charles W. SutphinEmmett F. ThompsonJ. Edwin Treakle Tucker Timber Products, Inc.Union Bank and Trust Co.Daniel J. VanCliefVirginia Tractor Co.Robert L. Wallace EstEmmett J. WardWestmoreland Coal Co.Glen Worrell

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Foundation investments

The investment policy directs the Board of Directors to use no-load equity mutual funds as the primary investment vehicle. These funds have the advantage of very low administrative costs and provide excellent diversification. The funds can be liquidated or moved to other investments very efficiently. Dividends are reinvested and are used to support approved programs and projects.

The Investment Policy requires that a qualified financial advisor conduct an annual review. The Board’s Investment Committee meets periodically to review the allocation of assets and to invest new monies.

Allocation of Virginia Forestry Educational Foundation investments as of June 30, 2017: Checking Programs and Scholarships $ 3,389 Administration 8,406 Donations 125,223

Educational Programs Vanguard Dividend Growth Fund 1,724,200

Scholarships Vanguard 500 Index 720,218

Stuermann Scholarships Vanguard Total Market Index 2,823,531

Grand Total $ 5,404,968

see our Progress2006 Net Worth: $2,834,907

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2017 Board of directors

John D. Farmer, Jr., PresidentJ. Ken Morgan, Jr., Vice PresidentLavan E. Dauberman, Treasurer

Harold Burkhart Carolyn Mulligan Bradley G. Fuller J. Peyton Phillips Mike Hincher Glen Worrell James “Jimmy” Jones James N. Youngblood

Leisa Weatherford, Director of Member Services & Finance, Virginia Forestry Association, serves as Secretary

Honorary directors

John F. HosnerSharon R. Miller

David Wm. Smith

Past Honorary directors

F. Carter FlippoElmon T. Gray

Segar White GuyE. Floyd Yates

The Virginia Forestry educational Foundation, a 501(c)(3) organization, files a tax return annually with the Internal Revenue Service, registers each year with the Virginia State Corporation Commission, and has its records audited annually by a certified Public Accountant. All contributions to the Virginia Forestry educational Foundation are 100% tax deductible. We invite your inquiries, 804-278-8733.

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2017 - welcome to vfef · holiday lake forestry camp. vfef_ar2017.indd 2 8/23/17 11:27 am 2017...

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