History:

The SYC Foundation was created in 1992 in response to the generosity of members of the Seattle Yacht Club who wished to give back to the boating community.  It was incorporated as a non-profit organization under a designation that allows it to support a wide variety of activities through tax-deductible contributions.

From our charter:

To operate exclusively for charitable, educational, scientific, and literary purposes within the meaning of section 501C(3) of the Internal Revenue Code of 1954.  Without limitation on the foregoing, to provide instruction and coaching in all manner of boating activities and competition, with special emphasis on programs and activities for young people engaged in amateur sports, which will be open to the public.  To provide financial assistance and scholarships to athletes engaged in regional, national and international boating competition, including Olympic events and world championships.  To foster, promote, and educate the public in the art and skills of boating.  To engage in other activities of an educational and charitable nature related to boating.

We are in the process of growing our endowment with the aim of funding more substantial programs in the future.   Donations can be designated for general budget or to help build the endowment.

The SYC Foundation is incorporated in the State of Washington.  It operates under Internal Revenue Service section 501C(3).  Donations made to the Foundation are tax deductible.

www.sycfoundation.org