CHEYENNE, WY – A $1.5 million donation to the Wyoming Stock Growers Land Trust will bring new opportunities to aspiring ranch families and raise awareness about the tools available to aid in the generational transfer of Wyoming’s ranchlands.
After Georgene Hager LeBar passed away in 2009, her family liquidated a portion of her assets and made charitable investments in some key Wyoming non-profits.
The Stock Growers Land Trust is among the beneficiaries and will put the dollars to work developing its Ranchland Succession Program.
The $1.5 million contribution to the Ranchland Succession Program is the largest single donation the Trust has received to date.
In keeping with Georgene’s life philosophy, the money will be used to help young and beginning ranchers help themselves.
“Through Georgene’s hard work, foresight and generosity, our mission to facilitate the transfer of Wyoming farms and ranches to the next generation just earned a hand up,” says Mantha Phillips, chair of the Stock Growers Land Trust Ranchland Succession Program Committee.
The Ranchland Succession Program will formalize and expand on the priority the Stock Growers Land Trust Board of Directors placed on generational transfers beginning in 2010.
Over the past several years, a solid track record of assistance to families working to pass generational operations along to a new generation of producers has been established, building on a very successful conservation easement acquisition program.
Dewell says the Stock Growers Land Trust plans to have program guidelines and an application process in place for the Ranchland Succession Program by the end of the calendar year.
“We are very grateful to Georgene, her nephew Dylan and his wife Erin, along with Georgene’s accountant and long-time friend Dave Kreycik for their efforts to sustain ranching in Wyoming,” says Phillips.