Welcome to
your Hampton Yacht Club Foundation.
The Foundation really wants you to see that we are your foundation. There is no point in having a Yacht Club Foundation if we are not carrying out the goals of our Club Members and donors.
Check out our Mission Statement. This was prepared with Member input. That said, we are constantly revising and updating our 1-year, 2-year and Long Term Strategic Plan – our Guide on how we accomplish our Mission -- and we are always open to suggestions. Send comments to info@HYCFoundation.org.
Visit our website, hycfoundation.org, for more information on upcoming events and for descriptions of what we are doing with your Donations – including our Bumps and Foundation Scholarships for Junior Sailing learn-to-sail programs.
Consider donating to your Foundation. Check out the Donations FAQs to help you figure out how best to support your Foundation. In the FAQs you will learn about making restricted and unrestricted donations allowing you, for example, to limit your donation to support Junior Sailing. You'll also learn about making a one-time donation or about scheduling monthly donations on your Club Member Billing Statements. You will also learn about boosting your donations at no cost to you with a matching donation from your employer and about making Qualified Charitable Distributions from your IRA.
To learn more about the Foundation, visit our website www.hycfoundation.org
HAMPTON YACHT CLUB
MISSION STATEMENT
The Hampton Yacht Club Foundation (the “Foundation”) is a corporation organized exclusively for charitable and educational purposes. The Foundation promotes participation in boating, education and environmental awareness through collaborative programming, fundraising and community partnerships. The mission includes
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Supporting amateur youth sailing, youth sailing instruction, water safety instruction, amateur youth sailboat racing, boating and marine education and other activities conducted through the Junior Sailing Program operated by the Hampton Yacht Club.
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Supporting adult sailing, sailing instruction, water safety instruction, sailboat racing, boating and marine education and other activities conducted for the benefit of the members of HYC and the general public.
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Supporting other boating and maritime-related activities.
The Foundation plans to achieve its Mission through several initiatives, including
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Supporting the Junior Sailing Program at HYC, including needs-based scholarships to support participants in the Program’s various sailing camps.
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Working with organizations which emphasize youth learn-to-sail, especially for youth who would not normally have an opportunity to learn to sail, including by providing needs-based scholarships to these youths, and
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Working with youth sailing programs to encourage their students to participate in youth sailing racing at HYC, including by providing needs-based scholarships to these youths if needed.
Look at What the Foundation Did with Your Donations in 2024
Thanks to you, your Foundation accomplished the following in 2024, awarding $16,695 in Grants and Scholarships:
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$2,675 in Bumps/Foundation Scholarships for 7 weeks of Junior Sailing Classes for 4 new sailors.
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$2,400 in a Grant to fund the Junior Sailing c420 Kites & Wires Fall Clinics as a lead-up to the Fall c420 Atlantic Coast Championships -- the Clinics were open for free to eligible area High School students and to HYC-member Junior Sailors.
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$2,100 in a Grant to fund the purchase of 8 Opti Training Sails.
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$9,520 in Grants and Scholarships to help HYC's own Team USA bring home the Bronze from the Opti Team Cup World Championships in Berlin, Germany -- $8,400 in a Grant to pay for all Coach related expenses, the charter of a Safety Rib, the charter of 5 Optis and the Registration Fee and $1,120 in Scholarships to the 5 racers.
Ways to Donate to the Hampton Yacht Club Foundation
FAQs
Does the Foundation accept both restricted and general restricted unrestricted donations?
The Foundation accepts both restricted and unrestricted donations. Restricted donations currently may only be restricted for use with the Junior Sailing program. including by restricting your Donation to Bumps Scholarships or to the purchase of items from Junior Sailing’s Amazon Wish List. Unless you indicate that your Donation is restricted for Junior Sailing, which you can do using our online “Donate to the Foundation” button above, your Donation will be available for all Foundation programs, including Junior Sailing. In order to help fund the Foundation, which is all-volunteer, 15% of restricted donations are made available for general purposes.
How can I donate money to the Foundation?
Check – Send a check to the Club addressed to the Foundation and made out to “Hampton Yacht Club Foundation” or “HYC Foundation”.
PayPal – Just click the "Donate to the Foundation" button above and you will be redirected to our PayPal page. There you will have the ability to make a one-time Donation or a recurring Donation as well as to make a restricted or unrestricted Donation (and to specify Junior Sailing, Bumps Scholarship or the Amazon Wish List).
Monthly Member Statement – Spread the Love and Donate on Your Monthly Member Statement. You may elect to have $10, $25 or $50 billed on a monthly basis to your Statement and donated by you to the Foundation. For more information, including the election Form, visit the Foundation’s Donate page on its website.
Junior Sailing Amazon Wish List – Did you know that Junior Sailing has an Amazon Wish List of inexpensive equipment needs? They do and most items are under $50. There are two ways to do this. Easy Way: Just click the "Donate to the Foundation" button above, plug in an amount, select “Amazon Wish List”, pay and you’re done – the Foundation and Junior Sailing will pick an item and donate it in your name to Junior Sailing. Another Way: If you want to pick a specific item, visit the Foundation’s Donate page on its website for instructions.
Make a tax free Qualified Charitable Distribution (QCD) from your IRA – Are you 70 ½ years old and have an IRA? Are you subject to the dreaded Required Minimum Distributions (RMDs). Even if you are not subject to RMDs yet, let us help you turn your IRA withdrawals into tax free Qualified Charitable Distributions (CQDs). For more information, read the RMD/QCD FAQs on the Foundation’s website & visit the Foundation’s Donate page.
Legacy Donation – Consider making a planned legacy donation as part of your estate planning process. Contact the Foundation at info@hycfoundation.org if you are interested. We have simple paper work which you can use as part of this process. Be sure to involve your estate planner.
Naming rights on Junior Sailing boats/sails – Please contact the Foundation at info@hycfoundation.org if you wish to receive naming rights on Junior Sailing boats or sails. This type of donation is considered on a case-by-case basis.
Is it true that my employer will DOUBLE MY DONATION FOR FREE?
Want to double your Donation for free? Many employers have programs to match all or a portion of your donation. For example, you donate $100, they donate $100, you donate $500, they donate $500. You will be credited in the Foundation’s Donor Circle for the full amount of your Donation and your employer’s match. For more information, including a list of area employers with match programs, go to the Employer Match FAQs on the Foundation’s website and visit the Foundation’s Donate page.
Can I donate a boat to the Foundation?
Please contact the Foundation at info@hycfoundation.org if you wish to donate a boat. At the moment, the Foundation is only accepting donations of sailboats and/or RIBs and only on a case-by-case basis. Boats must be of the type currently used by the Junior or adult sailing programs. Boats must be in good or better condition and come with all sails and other equipment necessary to make them sailable and safe without further expense to the Foundation.
Are my donations to the Foundation tax deductible?
Only your tax adviser can fully answer this question, and circumstances may vary, however, the Foundation is a 501(c)(3) public charity and by and large the full amount of your donation should be tax deductible.
Bumps Scholarship
Great news!
The Bumps Scholarship has been moved under the umbrella of the Foundation. Your donations to the Bump Scholarship Fund are now tax deductible. Simply click “Donate to the Foundation” below, enter your Donation amount, and select “Donate for Bumps Scholarship” in the drop-down box. The Foundation will use your donation to fund a Scholarship recipient selected for a Bumps Scholarship. Don’t like computers? Just send a check to the Club made out to “HYC Foundation - Bumps Scholarship”.
