You Can Make a Difference

 

How can you support SCIRA USA? 

 

SCIRA USA has established many alternatives to enable members and friends to make special gifts and bequests of lasting significance—to help ensure the long-term viability, vitality and mission of the Class:

 

  • Perpetual Fund
  • Current Operations Fund 

 

 

 

MAKE A DONATION

Annual Operations Support


Helps support the historical record keeping, communication with the members and fleets around the country, website maintenance and the ability to service the membership and respond to new inquiries about the Class.

Perpetual Fund


The Perpetual Fund was created by the SCIRA USA Board at their annual meeting on July 30, 1988, as an endowment fund to be held separate and apart from all other assets of SCIRA. It was created to exist in perpetuity and to hold funds donated by SCIRA members and friends over the years. The Board voted that only the income earned each year by the Fund (never the principal) would be used for the following purposes and no others:

Promotion of the Snipe Class in the United States, and/or Preferential support for junior US Snipe sailors participating in international Snipe competitions.

At the SCIRA USA Board of Directors meeting in July of 1998, all responsibilities for the Fund’s investments and income disbursements was delegated to a three-member “oversight committee” (now known as the “trustees”) consisting of the current U.S. National Secretary and two “at large” SCIRA members selected by the Board from time to time. Later that year, the assets in the Perpetual Fund grew significantly with the receipt of a generous bequest from the Estate of Chuck Loomis, a past SCIRA Commodore and chief measurer.

Today, the Perpetual Fund is invested to remain a strong source of income to help Snipe sailing in the US for generations to come. Income generated in recent years has, among other purposes, been used to pay for advertisements promoting the Snipe in Sailing World, Scuttlebutt and other publications, and has helped junior Snipe sailors travel to and compete in the 2003 Junior World Championship, where the US took 1st and 2nd place overall.

 

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