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Flying Scot® Foundation
Assuring the Future of Flying Scot® Sailing
Foundation Board:
| Charles Buffington - Chair | Term ends 2013 | 412-388-1666 |
| Bob Matson | Term ends 2014 | |
| Willson Jenkins | Term ends 2013 | 256-710-0135 |
| Bill Vogler |
Term ends 2013 | 618-977-5890 |
| Larry Taggart | Term ends 2013 | 504 -482-7358 |
| John Domagala | FSSA Treasurer | 941 -748-3577 |
| Diane Kampf (ex Officio) |
508 - 847-8401 |
The Foundation has two primary components; a General Fund and a Fund for Education. The latter component has three aspects: a Sail Donation Program; a Speakers' Bureau; and a program known as "Scots in Schools".
Please use the nagivation bar at the top of this page to access information about these programs.
IMPORTANT: if you are interested in applying for funding from the Foundation, please use the correct application form. These forms have been tailored to the programs so that you will provide the information we need to make a funding decision without having to provide information that is not relevant.
MISSION STATEMENT
The Flying Scot® Sailing Association has established The Flying Scot® Foundation to allow members and friends to make tax-deductible gifts and bequests of lasting significance that will help assure the long-term viability and vitality of the Flying Scot® class. This is your opportunity to give back to an organization that has enriched your life. Consider the years of enjoyment that you’ve had from your Flying Scot®. Reflect on the support and organization the FSSA has provided during that time. Without FSSA, Scots n’ Water, the website, racing, day sailing, and maybe even the wonderful camaraderie would not have been the same. Think of the friends you’ve met on the water. Now is the time to help guarantee that your children and grandchildren can make their own special Flying Scot® memories.
A vital reason for your positive response is that FSSA needs your support. Our annual budget supports planned expenses but we need money for special projects that annual dues can’t cover to assure that we remain a strong class association. The Foundation has two funds: The General Fund is for special projects that include enhancing our media presence, recruiting new members, replacing or repairing trophies, and supporting our Fleets and District Governors. The Fund for Education will support sailing schools that use Flying Scots® for adult education in an effort to bring new sailors into FSSA.
Past FSSA President, Dan Goldberg, summed it up nicely: “I want to donate to the Flying Scot® Foundation because Scot sailing has had a major, positive impact on my life. I want to give something back.” There are several ways to contribute: Gifts of Cash: A monetary gift during a person's lifetime is a great way to go. These gifts can be made directly or on behalf of another person. Just send a check made out to the Flying Scot® Foundation to Flying Scot® Foundation, One Windsor Cove, Ste 305, Columbia, SC, 29223
Gifts of Marketable Securities and Investment Real Estate: Gifts of securities that have appreciated or real estate held for investment purposes often benefit the donor more than gifts of cash. When such items are donated, the donor receives a deduction equal to the current market value of the security or real estate. Generally, the excess of the market value over the donor’s cost basis is not taxed. Often it can be more advantageous to donate substantially appreciated items than to sell them and pay Capital Gains tax.
Gifts through Wills: Remembering The FSSA and The Flying Scot® Foundation in your will is another method of giving. Such a gift may be deductible in calculating estate taxes. Provisions for the gift may be included in the body of the will or by adding a simple codicil. If you desire to establish a memorial gift within The Flying Scot® Foundation, or to specify the purpose of the gift, this may be done by so stating in the provisions of the will. Contributions to the Flying Scot® Foundation are deductible for federal income tax purposes because the FSSA is a tax-exempt, non-profit organization under the Internal Revenue Code Section 501(c)(3). These tax laws make giving to The Flying Scot® Foundation a beneficial philanthropic act. Please consider planning a donation to The Flying Scot® Foundation, always informed, of course, by appropriate legal and financial counsel.
FSSA has had fifty years of success and the Flying Scot® is currently one of the strongest One Design classes in the country. Your contribution will help keep FSSA going forward, promoting the sport and the class. Each donation helps assure a successful future.
News about the Foundation:
May, 2012 FY12 Flying Scot Foundation Awards
The Foundation board has carefully considered a number of applications for funding this coming year and has made the following awards which total $4,650:
Fleet 6 (Deep Creek Lake, MD; Bob Vance, Fleet Captain) requested Speakers Bureau funds to help pay travel expenses so that Kelly Gough can put on a day-long sail training session just prior to the Sandy Douglass Memorial Regatta, July 27-29 at Deep Creek Lake (Award: $250).
The Moraine Sailing Club (Portersville, PA; Dan Goldberg, Director at Large) requested General Fund to pay for “wire to rope” conversion of halyards on 6 sailing school Flying Scots®. The conversion will make it easier for entry-level sailors and decrease maintenance costs for the standard winches. The school regularly trains 80-110 adults every summer and recently six of these folks have joined local Scot fleet 80. (Award $600)
The Foundation awarded $1,500 in matching funds to help Muscle Shoals Sailing Club (Florence, AL; Willson Jenkins, past Commodore) purchase a used Flying Scot® for their sailing school. The club has identified a sound boat and raised $3,000 for this purpose. Fleet 190 members provide instruction to adults and families.
Similarly, the Foundation awarded $1,500 in matching funds to help Quannapowitt YC (Wakefield, MA; Steve Bretton, Fleet Caption, Fleet 187) purchase a used Flying Scot® for use in their adult sail training program and to allow potential fleet members to try out a Scot.
Sturgeon Bay YC and Sail Training Foundation (Sturgeon Bay, WI; Jesse Brunsvold, Executive Committee Member) was awarded $800 to buy two sets of “gently” used Flying Scot® sails for use in training adults. Five graduates have recently joined Fleet 199.
The Foundation Committee thanks the many donors who have made it possible to support worthwhile project such as these.
February, 2012: The Board has decided to add an additional level of recognition - Sandy's Bonnie Friends - for donors who have cumulative donations of $10,000 or more...you could be the first to achieve this honor. Click here to see the Foundation's FY-11 Annual Report and learn more about our financial situation. You'll be pleased to find that the Foundation is reimbursing FSSA for all supplies and services rendered by FSSA through JEE.
November, 2011: Progress reports are in from the FY-11 funded projects and we're glad to note that most were successful. Dave Perry's talk at the NAC was well attended and well received; many sailors took valuable information about approaching the windward and leeward marks home with them to share with their fleets. Massapog YC bought a Scot (and named it "Thanks, FS Foundation") and added it to their fleet of instructional boats. Adult lessons in this boat have translated into three new members for the local Scot fleet and at least two FSSA members. The new jibs that the Foundation purchased for Monmouth Boat Club were put to good use by club members considering a Scot. The boat upgrade at NC sailing and rowing on Lake Norman was appreciated but apparently produced little in the way of Scot ownership or fleet membership. In all, not a bad track record for our first year in operation. The results certainly support the idea that we should limit our help to sailing schools and CSAs that have a close working relationship to the local fleet.
November, 2011: One of the board members (CB) attended the US Sailing One-Design symposium at Bay Head, NJ in November, 2011. Much of the discussion centered on how One-Design fleets can capture college sailors after they graduate and get them into racing and boat ownership. The hurdles here seem large since recent college grads are usually carrying big loans and may not have a job. If they're lucky enough to have escaped that trap, they're usually busy getting a family and career started. The FS Foundation's focus on capturing adults who have demonstrated an interest in sailing by taking sailing lessons makes sense in this context. These people are older with fewer demands of family and work and often in a financial position to buy a boat and pay club and association dues. They haven't had the benefit of college sailing, but the Flying Scot class can offer them a lot: a great boat, super owners, a solid builder, good sailing events, and a strong class association.
October, 2011: The Foundation Committee met via Skype conference and made several decisions. The committee decided to fund worthwhile projects but not to let our "corpus" drop below $20,000. The committee decided to accept proposals on March 1 of each year but to consider "out of cycle" proposals as well, recognizing that there may not be funds available. The Charter limits the number of committee members to 5, and a proposal to increase the number will be made to the FSSA Executive Committee. The committee is working on a policy that will allow the Foundation to accept boats with solid hulls and "gently used" sails. These items will be refurbished and donated to sailing schools and CSAs.
April, 2011: Foundation Awards for FY-11 The Foundation awarded $1,500 to Cedar Point YC (Westport, CT) to sponsor a seminar by Dave Perry at the upcoming 2011 NACs. Dave is a world-renowned expert on The Racing Rules of Sailing, a Senior Certified US Sailing judge and Chairman of the US Appeals Committee. His topic will be “The Racing Rules You Need to Know in Crowded Situations”. This should be an educational and entertaining presentation.
March, 2011. The Executive Committee of FSSA voted to amend the Foundation Charter to add a sentence to paragraph 5: "The Foundation shall reimburse FSSA for any services rendered". This was done to address concerns that FSSA funds were being used to support the Foundation. While the Foundation is legally part of FSSA and relies on FSSA's 501-c-3 status as a non-profit organization, it is important to keep the finances of FSSA and the Foundation separate.
