INTER-LAKE YACHTSMEN'S FUND 2024 ANNUAL REPORT

EDUCATE • CHALLENGE • INSPIRE

2024 HIGHLIGHTS

$3,000 in Scholarships Awarded

Over $10,000 in Travel and Championship Grants!

$18,000 of support to the I-LYA Junior Sailing Championships and Junior Powerboat Training Program

Nearly $1,000 in direct event support for Junior Power Regatta equipment for VHF Training, thanks in great part to the recently established Wyandotte Grant.

$4500 in Other Grants to high-level Events hosted in our Region and to Amateur Sailors representing us around the country.

From Our President

2024 was another good year for the Yachtsmen's Fund. We were again able to support several, worthy events and activities to further our mission to Educate, Challenge, and Inspire the next generation of sailors and boaters in our region. Thanks to a sound investment policy, we enjoyed growth of the Fund which will enable us to continue our mission well into the future. Thank you to all our generous sponsors, benefactors, and donors for your contribution towards this effort.

We look forward to expanding our support in the coming year and hope that you will join us in this mission. Thanks to your generous support of the Inter-Lake Yachtsmen's Fund, we are able to continue many worthy boating events in our area and perpetuate the boating activities we all love.

Best Regards,

Steven G. Harris, President

I-LYA Junior Sailing Championship

68 Years and Going Strong!

The 2024 Inter-Lake Yachting Association Junior Sailing Championships were held July 14-18, 2024 at the Put-in-Bay Yacht Club on South Bass Island. Once again, the Yachtsmen's Fund supported the event with grants for housing of the participants and coaching. This year, we expanded our support with an additional grant towards feeding the sailors. This year's regatta attracted 93 sailors from throughout the region from as far east as Erie, PA, to Toledo in the west - north to Grosse Ile, MI and south to Columbus. The participants enjoyed four challenging days with a wide variety of weather and racing conditions in the waters around the Lake Erie islands.

This year's regatta coaches included Coast Guard Academy coach David Thomson and Octavio Dorbessan. The Yachtsmen's Fund is proud to have been able to support the regatta's effort to increase the level of coaching expertise and provide developmental value to the event. In addition to housing and coaching grants, the Yachtsmen's Fund once again provided scholarships to the winning crews and the recipients of the Individual Sportsmanship awards.

Chairs Angela & Tom Zoes from Edgewater Yacht Club put on an excellent event and we look forward to supporting Chairs Shawnette Becker (LYC) & Tim Willford (SSC) and the 2025 Regatta!

I-LYA Junior Powerboating

This year, the Fund once again provided an instructional grant to support this growing program within I-LYA. Scholarships were also provided to the winners of the Junior Powerboating Competitions.

Over the years, the Junior Powerboating program has grown from infancy with only a handful of participants to a valued part of the I-LYA Powerboat Week with increased, active participation each year. Youth learn boat handling, safety, navigation, and much more at this 3-day program held each year at Put-in-Bay Yacht Club. Most importantly, they have FUN!

The I-LYA Junior Powerboat program is helping to perpetuate boating in our region by introducing young people into the activity and starting them out on the right, safe path.

Also this year, in addition to the instructional grant, the Fund awarded the Wyandotte Grant and an additional grant from the Fund to cover equipment costs to improve instruction in VHF marine radio use and safety.

Training Grants

"Act as if what you do makes a difference. It does"

- William James

The future of sailing and boating depends on those who give of their own time and effort to educate, challenge, and inspire the next generation. Without the countless instructors, race officials, and event organizers, we know that our activity and access to recreation and sport would be limited. In this spirit, this past year, the Yachtsmen's Fund established training grants to assist those individuals seeking certification as instructors and officials. The Fund awarded nearly $750 in these grants in 2024. Additionally, and looks to expand the program in the future.

Grants are awarded for

US Sailing Race Official Training

US Sailing Instructor Training

American Sailing Association Instructor Training

United States Power Squadron Instructor Training

US Powerboating Trainings

US Canoe Association Instructor Certification

Other applicable trainings will also be considered

Championships and Travel Grants

Nearly $10,000 in Grants for Youth Sailors competing at the highest level of the Sport in 2024

This year, thanks to your continued support, the Yachtsmen's Fund was able to provide nearly $10,000 in grants to youth sailors competing at the US Sailing Chubb Junior Championships and other top-level racing events across the United States.

Annually, the Yachtsmen's Fund awards grants to youth sailors in the region who qualify for the US Sailing Chubb Junior Championships through the Area E Qualifying Regatta

Qualifying in 2024 and competing in J/22s in the US Championships in San Diego were

Vincent, Jacob, Alex & Hadley of Hoover Sailing Club

Ben, FInn, Brinn & Charlotte of Hoover Sailing Club

In 2006, the Fund established Travel Grants to encourage youth sailors in the region to participate and compete at high-level events outside of our area. In the years intervening, thanks to your support, many of our local youth sailors have gone on to compete strongly at the highest levels of the sport.

This year, grants were awarded to sailors competing in the following events

Youth Lightning World Championships - Cofradia Nautica Del Pacifico, Algarrobo, Chile

US Youth Championships - Roger Williams University, Providence, RI

Orange Bowl International Youth Regatta - Coral Reef Yacht Club, Miami, FL

Event Support

In addition to our support of I-LYA youth boating events, the Fund also provided direct support to the following high-level events in our area this year with grants for Race Officials & Coaching expenses

Lake Erie Intercollegiate Offshore Regatta - North Cape YC, LaSalle, MI

2024 Optimist Nationals - Sandusky Sailing Club, Sandusky, OH

Membership

Membership in the Fund continues to grow in 2024. The ongoing support of our members helps us to achieve our goals and increase our impact.

Annual memberships support the next year's activites

Life Memberships, Memorial Contributions, and large gifts are invested and provide ongoing support into the future.

Financial Position of the Fund

This year, the Fund continued to support events & programs which directly benefit youth & amateur sailing and boating in the Lake Erie Region while keeping operating expenses to the minimum necessary to manage the endowment and increase membership & donations.
Although subject to market fluctuations, the Fund's endowment continues to be on an upward growth trend allowing us to continue annual support for qualifying activities.
The majority of the Fund's Annual Support comes from Dollar-per-Member Clubs and Organizational memberships. These donations help to fund the next year's grants and operational expenses. Life Memberships, Memorial Contributions, and large donations are invested and help to build the endowment to provide ongoing support into the future.

Is Your Organization a Dollar-per-Member Club?

Expanding our Reach

Amateur Sailing Grants

Thanks to the sound financial position of the Fund, we were able to expand our grant offerings for 2025. This year, we supported two, all-female amateur teams representing our area and competiting at high-level events around the country. We awarded grants to:

Heidi Backus & the crew of Your Mom - New York Yacht Club Women's Championship

CC WIsniewski & the crew of That Girl Boat, representing I-LYA & Area E - US Sailing Adult Championships for the Mallory Cup, Detroit Yacht Club

Looking to the Future

2025 Programs & Support

The Fund looks to not only continue our existing support, but also to expand beyond our traditional programs. There are many worthy programs in the region that help to Educate, Challenge, and Inspire youth and amateurs in boating & sailing.

Championship, Challenge, Training, and other grants are considered throughout the year upon request. Please visit our website for additional information.

THANK YOU FOR YOUR CONTINUED SUPPORT OF THE INTER-LAKE YACHTSMEN'S FUND

Inter-Lake Yachtsmen's Fund • 433 North Broad St. • Lancaster, OH 43130