FINANCIAL REPORT.

• Author: Falender, Andrew J.

AS I WRITE THIS, WINTER HAS FINALLY ARRIVED IN MY CORNER OF NEW ENGLAND after two months of unsettling, near-record highs interrupted by brief periods of record-breaking lows. Clearly, the effects of climate change are here, and we're all feeling it.

But the "weather whiplash" we've been through recently is only one effect of a warming planet. In New England, we've witnessed other changes: more flooding in coastal communities at high tide as storms grow more intense and sea levels rise; winter businesses in trouble as another season passes without steady snow and deep freezes; native plants and animals suffering due to erratic weather patterns.

That's why it's heartening to see the resolve and engagement of our supporters, who clearly recognize the urgency of the climate crisis. Over this past year, individuals, foundations, and corporations have stepped up with energy and passion to provide the support that will allow CLF to become even more impactful in our work to avert climate catastrophe.

Your generosity is remarkable. In the last fiscal year, which ended on July 31, 2022, we saw a 15% increase in grant and foundation support, while individual donations grew by 38%. Together, this stepped-up funding puts us on a strong financial footing, with more than $32 million in assets. We are already putting our robust operating surplus to work to expand...