Corgan Canopy Fund to greatly impact TTF’s ability to improve the Trail
The Trail Foundation has received a major gift, $1.1 million, to seed all of its new projects to protect, enhance, and connect the Ann and Roy Butler Hike and Bike Trail.
Colin Corgan, retired partner with Goldman Sachs, is the donor, and the Foundation’s Canopy Fund will be named in his honor. The Fund will serve as a reserve of dollars for trail projects already in the pipeline, and will be replenished by community fundraising.
“This is a true legacy gift,” says TTF Executive Director Heidi Anderson. “It will allow us to speed up the process of implementing our highest priority projects, and allow us to move multiple projects forward at the same time.”
“I can think of no cause more central to Austin, literally and figuratively, than The Trail Foundation,” Corgan says. “Coming from New York, where we have Central Park and the High Line, I’m interested in access to the outdoors in an urban environment. The Trail Foundation is all those projects rolled into one.”
The Corgan Canopy Fund will provide seed funding, first for 15 charter projects ranging from new trailheads and bathrooms to new water access points and playgrounds in honor of TTF’s 15th anniversary, and later for even more new initiatives.
The news was announced at TTF’s Twilight on the Trail gala on Sunday at the Four Seasons, the wrap-up to the Foundation’s 15th anniversary year. More than $285,000 was raised at the event, which honored members of the original Town Lake Beautification Committee, helmed by Lady Bird Johnson, who had the original vision for enhancing the area around what was then known as Town Lake.
For more information, visit http://www.thetrailfoundation.org/canopy-fund.