Unique Loan Lets Scenic Hudson Start Work from $20 Million Bequest

Thanks to an interest-free loan from The Pew Charitable Trusts, Scenic Hudson now has immediate access to $5 million of a $20-million bequest it received recently from 100-year-old kayaking philanthropist Kathryn Wasserman Davis. The loan will allow us to accelerate our efforts to safeguard 65,000 acres of the "land that matters most" along the river's shore.

Centenarian Kathryn Wasserman Davis paddling on the Hudson River last month with Scenic Hudson President Ned Sullivan.

"I knew there had to be a way to do public good with Mrs. Davis' amazing gift, and do it right away" said Scenic Hudson President Ned Sullivan. "Having an internationally recognized group such as The Pew Charitable Trusts give its vote of confidence to our work and to our donor's ambitious goal of preserving critical parcels of land along the river is extremely gratifying."

Complete details, including Scenic Hudson's plans for the $5 million loan can be found in this press release.