Endowment Fund

Almost since it's inception, the Saginaw Bay Community Sailing Association has had a designated endowment fund administered by the Bay Area Community Foundation. The income from our endowment fund is used to replace and upgrade our equipment so that our members and students have the best equipment possible while still making our dues and fees affordable for the residents of the Great Lakes Bay Area. Recent examples of how the income was used include the new mainsails for the Transfusions and partial funding for the new outboards on our coach/safety boats. In addition to helping the SBCSA, your contributions to the SBCSA's Designated Fund may lead to certain tax savings on your state and federal income tax returns. See the attached brochure for more information, and consult your tax expert to determine your exact tax situation. Unfortunately, the 50% Michigan Community Foundation Tax Credit will end on December 31, 2011, so to take advantage of any tax savings, you need to consider making a donation very soon. Donations can be made by sending a check to the Bay Area Community Foundation, 1000 Adams Street, Suite 200, Bay City, MI 48708, and indicate that the donation is for the SBCSA Designated Fund. Or, you can donate on-line via the BACF's web site: http://www.bayfoundation.org/donate.htm?id=3033 Make sure to select "Saginaw Bay Community Sailing Association Designated Fund" from the drop down list of funds. Of course, you can donated directly to the SBCSA at any time or to the endowment fund, but in future years the MI tax credit will not be available.

Click here to download the Endowment Fund application.