News Release - Stanford Financial Group Joins Aviation Green Investment Program
FOR IMMEDIATE RELEASE
Contact: Kelley Welf
Stanford Financial Group Joins Lindbergh Foundation’s
Aviation Green Investment Program
MINNEAPOLIS, July 30, 2008 — The Stanford Financial Group’s management office in St. Croix, U.S. Virgin Islands, a privately held global network of independent, affiliated financial services companies, has joined the Lindbergh Foundation’s Aviation Green Investment Program (AGIP), the Foundation’s alternative to carbon offsets.
For 30 years, the Lindbergh Foundation has supported scientific research and educational projects that have touched lives in more than 30 countries and on every continent. The Foundation has supported several aviation-related research projects in recent years, addressing issues related to fuel inefficiencies, drag reduction, direct routing to reduce upper atmospheric fuel burn, and noise abatement.
“Sir Allen Stanford, the Chairman of the Stanford Financial Group, knows that addressing the critical issues facing the environment is of paramount importance,” said Doug Hubener, General Manager, Stanford Aviation. “He has asked every department in the company to develop ways to support the environment. With a fleet of six corporate jets, our department was intent on finding a solution that would have a direct impact on the aviation sector’s contribution to global green house gas emissions. We feel strongly that the Lindbergh Foundation’s program is a good match for this particular area of our Go Green activities.”
As a result of Stanford’s participation in the Aviation Green Investment program, the Lindbergh Foundation is able, for the first time, to offer a second year of funding for two aviation projects that received Lindbergh Grants last year. Dr. Amy Lang, of the University of Alabama will receive a second grant to continue her research project entitled, “Reducing the Drag Over Aircraft by Mimicking the Surface Geometry of Bristled Shark Skin Scales.” Tom Ehresman, an Inventor from Loveland, Colorado will receive a second year of funding for his research project to “Create a Direct Injection Igniter Fuel Nozzle to Eliminate Use of Leaded Fuels in Existing High Power Density Aircraft Piston Engines.”
The Aviation Green Investment Program gives aviation operators the opportunity to be part of an organization with a long and proven history of success. According to Foundation Chairman John King, “The Aviation Green Investment Program is a strategic alternative to carbon offset programs for aviation operators who want to demonstrate that they are sensitive to environmental issues and willing to take action.” He added, “Don’t just be carbon neutral…be carbon smart!”
The Lindbergh Foundation is addressing a unique piece of the environmental puzzle because its entire mission is centered on Charles Lindbergh’s belief in balancing our knowledge of science with the wisdom of wildness – using science and innovation to foster the environment. The Lindbergh Foundation helps fund small, grass-roots, often start-up research projects around the world that benefit local communities and the environment.
The suggested donation for participation in the Aviation Green Investment Program is one percent of annual aviation-related fuel costs. An added benefit to the AGIP is that the Lindbergh Foundation’s non-profit 501(c)(3) status makes all contributions to the Foundation tax-deductible. Partners in this program also receive a decal to place on their aircraft offering a way to publicly show that they are wise and responsible members of the world community. For more information or to participate in this program, visit www.lindberghfoundation.org
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The Lindbergh Foundation is a public 501(c)(3) nonprofit organization, based in Anoka, Minnesota, which supports great innovations that foster the environment for a planet in balance. The Lindbergh Foundation also values individual initiative and accomplishments. Its programs are devoted to supporting, honoring, and educating individuals, through three major programs: the annual honorary Lindbergh Award, presented to individuals for significant contributions toward balancing technology and the environment in their work; the Lindbergh Grants program, which provides grants in amounts up to $10,580 (the cost of building the Spirit of St. Louis in 1927) for research or education projects that will make important contributions to the technology/environment balance; and a variety of educational events and publications centered on the balance theme.