Venice Yacht Club Charitable Foundation

Fellow Members,
Our Yacht Club Foundation's second grant cycle ended on October 31, 2014. We received 14 grant applications totaling $24,056.

The Foundation policy is to award 80% of our unrestricted donations. The other 20% is added to our endowment fund. This grant cycle we had $11,800 available for grants. This is in addition to the $18,000 we have raised and pledged to the Fund for Excellence for the Venice Performing Arts Center.

I am pleased to report that the Committee made the following grant awards:
Center for Building Hope
  HealingHearts Bereavement Camp $500
Southeastern Guide Dogs
  Paws for Patriots Program $1,500
Our Mother's House
  10 participant packets for skills development $960
Family Promise
  Cargo trailer $1,999
Child Protection Center
  Police security $750
Venice Area Pregnancy Care
  Car seats, intermediate size $500
Good Samaritan Pharmacy
  Publicity $500
Children First
  At-risk children's breakfasts, lunches, and snacks $2,000
Englewood Community Clinic
  Work table and stools $800
State College of Fla. Foundation
  Veteran's Endowed Scholarship Fund $500
VYBA
  Scholarship $500
Big Brothers Big Sisters
  Juvenile Justice Mentoring Initiative $1,200
Total $11,709

We currently have approximately $55,000 in our endowment fund invested with the Gulf Coast Community Foundation. Rather than build up the endowment indefinitely, we are investigating whether to establish a scholarship program to use the income, and/or gains in the endowment, to fund an annual scholarship program. We will be making a report and recommendation to the Yacht Club Board of Directors after further investigation and discussion.

Please remember the Venice Yacht Club Charitable Foundation when you are considering your year-end charitable giving. Donations to the Foundation are tax deductible if you itemize your deductions.

Respectfully submitted,
Wayne Hall, Chairperson

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

Charting a course to a better community…