Cheers to the
Clean water is paramount to all aspects of
life—the food we eat, the air we breathe, and
the beverages we drink. CBF is grateful for
several beverage partnerships—from beer to
coffee to water—within the Bay watershed.
Devils Backbone Brewing
Company is run by
environmentalists Steve and
Heidi Crandall who put their
money where their beer is.
Inspired by a lifelong desire to support clean
water, they created a Bay-themed beer called
Striped Bass Pale Ale—a golden beer that pairs
perfectly with the bounty of the Bay. The cans
are 100 percent recyclable and one dollar
from each case sold is donated to CBF.
Rise Up Coffee roasts
organic fair-trade coffee in
Easton, Maryland. Locally
owned and operated, Rise
Up donates one dollar
from each bag sold of their seasonal coffee,
Migration, to CBF. Migration is available
online and in local retailers including Whole
Foods throughout the mid-Atlantic region.
“Given that Rise Up Coffee is 99 percent
water, it’s easy to see why clean water is
important to us,” says owner Tim Cureton.
Rethink Water’s board
member Max Scherzer is an
award-winning pitcher for
the Washington Nationals.
Last fall, CBF and Rethink
Water teamed up with Max to “Strike Out
Plastic!” For every strikeout Max threw in
September, Rethink Water donated 100 dollars
to CBF to help reduce pollution in the Bay.
Rethink Water produces a compostable and
recyclable alternative to single-use plastic
water bottles. They are made from post-consumer cardboard, reducing use of plastics
and bottles that end up in landfills.
with Innovative Financing
Encouraged by an initial matching grant from an anonymous donor,
The Kresge Foundation and the Abell Foundation have awarded CBF
generous grants to develop Environmental Impact Bonds (EIBs)—
innovative financing used to implement pollution-reduction projects—
throughout local communities across the Chesapeake Bay watershed.
A major challenge to clean water is
polluted stormwater runoff—water
flowing off streets, parking lots, and
rooftops that pick up harmful pollutants
like pet waste, sediment, pesticides,
and fertilizers. Polluted runoff from
rain events contributes 17 percent of
the Bay’s nitrogen pollution each year,
causing dead zones and toxic algal
blooms, threatening public health, and
harming wildlife. Green infrastructure
or nature-based solutions (rain gardens,
permeable pavement, green roofs) are
effective ways to reduce pollution. They
can also support a city’s sustainability
and climate resiliency efforts.
Thanks to support from our donors,
CBF and our partner, Quantified
Ventures, are working to recruit up to
four local governments to implement
green infrastructure projects funded
through EIBs. EIBs attract private
investors who are interested in both a
financial return, as well as environmental and social benefits. This form
of investing is known as impact investing. EIBs for green infrastructure
have the potential to revolutionize stormwater management, green
cities, save money, enhance neighborhoods, and help save the Bay.
Baltimore is the first city to sign up with CBF. They plan to use a
$6.3 million EIB to fund more than 90 green infrastructure projects,
mostly in underserved communities. Their innovative financing and cost-effective projects can be a model for other cities. Interested municipalities
can visit cbf.org/eib for information on how to join the project.
CBF is leveraging philanthropic support to bring local resources and
private investors together to fund green infrastructure EIBs in
neighborhoods across the watershed.
CBF is grateful to our donors for making this exciting and innovative
COUR TESY PHO TO
“We are thrilled to support
CBF’s work to help make
the city’s neighborhoods
of color and residents
with limited resources—
—Dr. Jalonne L. White-Newsome
Senior Program Officer,
The Kresge Foundation’s Environment Program