Venice Yacht Club Charitable Foundation

Fellow Members,
I am pleased to report that your Venice Yacht Club Charitable Foundation had a successful year. With the help of our hardworking committee and generous members, we raised more than $50,000 for the Foundation fiscal year ending October 31, 2014. This included $18,500 raised at our Music of the Night Gala for the new Venice Performing Arts Center. We also raised $5,600 from the Stan Wright Memorial Golf Tournament held on May 1 at Jacaranda Golf and Country Club.

We distributed grants of approximately $20,000 this year. We will evaluate grant requests for the $18,500 Venice Performing Arts Center Fund for Excellence.

Your Foundation is fiscally sound. We have more than $55,000 in our endowment fund with Gulf Coast Community Foundation. In addition, we have another $55,000 in unrestricted funds on deposit there.
Your Committee is considering whether to establish one or more scholarship funds with the endowment and reserve funds we have on hand. At our next meeting, we will discuss the scholarship funds and then make a presentation to the Board of Directors for approval. We want to put our money to work for the good of the community.

Our current Foundation Committee members are Merle Graser, John Moore, Jack Murphy, Melinda Short, and Judith Wilcox. I am pleased to report that Joe Dombrowski, Joe Miller, and Paul Nasipak have expressed interest in joining our Committee and will hopefully join us at our next meeting.
I am also pleased to report that we received more than $10,000 in year-end donations from our members. We are off to a good start for our next grant cycle which ends on April 30.

Respectfully submitted,
Wayne Hall, VYCCF Chairman

VYCCF Committee:
Wayne Hall-Chair, Merle Graser, John Moore, Jack Murphy, Melinda Short, and Judith Wilcox

Charting a course to a better community…