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 501(c)(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 with an emphasis on supporting youth engaged in amateur competition.