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The Legacy Fund

Endowment

“Preserving the Past - Funding the Future”

Ask yourself a few simple questions about PYC.  Why did you join PYC?  Why do you like it here at PYC?  What do you treasure most about PYC?  Most important – What can I do to assure that PYC is here for future generations to use and enjoy?

Portland Yacht Club is the preeminent “City Named” yacht club.  PYC is rich in history, continuously operating for over 100 years, since 1908.  PYC has premier facilities, including its historic clubhouse and modern outstation.  Currently the budget meets basic operating expenses and PYC does not currently have financial resources for future capital projects.  PYC has conducted numerous successful fundraising activities for specific projects.

In 2025 the bylaws of PYC were amended to allow for the formation of an endowment. With an endowment, your contribution does not get spent, rather the funds earned from investment of the endowment can be used for specific capital projects, now and in the future.

The endowment will create financial stability of PYC by decreasing the club’s reliance on dues and other sources of income.

Our Commodore has made establishing an endowment a top priority for his term.  To achieve our shared goals and to assure the sustainability of the club, he is asking each of us to consider contributing to the PYC Endowment.  You can join the Trustees, past commodores and your fellow members who have already stepped up and committed to provide at least $100,000 toward meeting his goal.  A small monthly recurring contribution, or “rounding-up” your monthly bill to the nearest $100 would allow you to be a founding member of the endowment.  You can contribute stock and other appreciated assets.  You can also make a lasting contribution by putting PYC into your will or by making PYC a beneficiary of a life insurance policy.  The link below allows you to make a contribution.
 

PYC Endowment FAQ

No.  Your contribution will be invested and the earnings from that investment can be used by the club to undertake capital projects.  Additionally, your funds will be managed and disbursed by a separate foundation board.
Capital projects are large repair, expansion and upgrades made to the facilities or grounds of the club, including the clubhouse, moorage and outstation.  Example of capital projects are roofs, windows, carpet and furnishings and maintaining and upgrading the grounds around the clubhouse.
Yes.  When you can make it known what you would like your funds use towards.  However, it is important to have some endowment income available that are unrestricted as these can be used for unforeseen or emergency repairs.
Yes.  With respect to tax advantages of stock or option contribution, please contact your financial advisor.
Yes.  We are hopeful that many people will consider life-long giving, including estate planning.  Resources are available to help you and your legal counsel execute your wishes.
Yes.  Contributions can be pledged at any point and then contributed over up to 5 years.