The co-founder of a popular lip balm company may have paved the way for a new national monument in central Maine with a large land donation to the federal government.

According to the Bangor Daily News, Roxanne Quimby, who co-founded Burt's Bees, donated more than 87,000 acres to the federal government Tuesday. The paper speculates the donation is a strong indication of a North Woods national monument being created soon by President Obama.

The land is east of Baxter State Park in central Maine. The park is famous for being the home of Mount Katahdin, the end of the 2,800-mile Appalachian Trail.

The amount of land donated to the government is almost twice the size of Acadia National Park, situated along the Atlantic Ocean on Maine's coast. The paper reports it's long been a dream of Quimby's to donate a large amount of land to the federal government for public use.

According to the paper, Quimby has been buying land in Maine's forests since 2001 with an eye toward donating it.

Since taking office, Obama has established 22 national monuments and enlarged two others using the Antiquities Act, which gives presidents nearly unilateral ability to create monuments. Obama is responsible for using the act to expand the federal government's landholdings by more than 3 million acres.