Faced with a sharp drop in its endowment and a $15 million deficit, the Wildlife Conservation Society announced on Monday that more than 100 of its 1,200 employees had accepted buyouts and that dozens more would be laid off.
The society, which operates the Bronx, Central Park, Prospect Park and Queens Zoos and the New York Aquarium, also announced what it called a vast overhaul intended to make it “meaner, leaner and greener.”
The society, with an annual budget of around $200 million, has faced increasing pressure because it relies heavily on grants and gifts. John F. Calvelli, executive vice president for public affairs at the society, said the organization’s endowment had fallen about 30 percent from its peak of around $480 million. Read more..
New York Needs More Green To Take Environmental Lead
Saying it needs to live up to its name, the Wildlife Conservation Society is taking steps to make the Central Park and Bronx zoos and its other animal parks more environmentally friendly.
“We can’t be a leader in global conservation if we don’t also live it at home,” President Steven E. Sanderson said in a release Wednesday as the organization announced plans for a 30-percent cut in its greenhouse gas emissions by 2030.
The 112-year-old organization conducts research and works to protect rare and endangered animals in various places around the world. Based at the Bronx Zoo, it also operates the Central Park, Prospect Park, and Queens zoos and the New York Aquarium.