2017 annual report - gpynef · grosse pointe youth nautical education foundation | 2017 annual...

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GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2 0 1 7 A N N UA L R E P O RTA GROSSE POINTE YACHT CLUB FOUNDATION

Grosse Pointe YouthNautical Education

Foundation

2017 ANNUAL REPORT

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BOARD OF DIRECTORSBoard members serve terms as defined by the By-laws of the Foundation.

J. James Morrow PresidentJames A. Anderson Vice PresidentJeffery R. Laethem DirectorSean M. Schotthoefer DirectorIlja J. Vreeken DirectorSloane R. Barbour TreasurerMark R. Weber, PhD SecretaryWallace E. Cross Outside Director

2017 GPYNEF SCHOLARSHIP RECIPIENTSName High School College

Preston Carey Brother Rice High School University of Notre Dame

Jack Holme Grosse Pointe South High School Michigan State University

Joseph Lark III St. Mary’s Catholic Central High School Salve Regina University

Jacob Mackey Detroit Country Day School University of Michigan

Kaitlin Malley Grosse Pointe South High School Boston College

Elizabeth Obermaier Detroit Country Day School Massachusetts Institute of Technology

Jacob Orhan Grosse Pointe South High School University of Michigan

Caroline Seski Grosse Pointe South High School Marquette University

Liam Walz Grosse Pointe South High School Grand Valley State University

Jackson Webster Grosse Pointe South High School US Merchant Marine Academy

Amanda Williams Detroit Country Day School New York University

PERPETUAL SCHOLARSHIP DONORS• Commodore James and Patricia Anderson (2012)• Commodore John and Marlene Boll (2012) • Manuel and Nora Maroun (2013)• Benno Steinborn (2014)• Commodore James and Sandra Morrow (2014) • W. W. Williams Company (2015)

J. Theodore Everingham DirectorBrian J. Geraghty DirectorMichael. D. Murray Financial Advisor

and Audit — Polk and Associates

• Edwin and Felicia Shaw (2016)• Commodore Tymon C. and

Sherri Totte (2016)• Commodore Sean and

Dr. Kristen Schotthoefer (2017)

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GROSSE POINTE YOUTH NAUTICAL EDUCATION FOUNDATION | 2 0 1 7 A N N UA L R E P O RT

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The Grosse Pointe Youth Nautical Education Foundation (GPYNEF) continues to pursue its mission to promote national and international sailing, maritime education, competition and water safety. GPYNEF accomplished this goal with emphasis on local High School Sailing programs, competitive sailing events and educational opportunities.

The 2017 High School sailing season began early as sailors rigged boats for the Varsity season set sailing on March 22nd. Yes, it was bitter cold, but the high school sailors were anxious to pull out their dry suits and kick-off their season. GPYNEF provided financial support to the three area high schools and sponsored several regattas throughout the spring. All twelve High School teams from metro Detroit performed well in regional, state and national regattas. Grosse Pointe South had a “stand out year” qualifying regionally which earned them a spot in the 2017 Baker Team National Champion-ships held in Norfolk, VA. Grosse Pointe South was ranked 12th in the Nation.

GPYNEF’s Scholarship Program supported local high school students by awarding 12 college scholarships in 2017. The scholarship program is designed to encourage young men and women to actively participate in sailing beyond high school and into college. The GPYNEF Scholarship recipients often join college sailing teams. While most choose to give back to their sport by becoming instructors for junior sailing programs where they teach sailing to children as young as 8 years of age. Parents and students alike are both grateful and proud to be recognized at the Scholarship Brunch as a GPYNEF Scholarship recipient.

GPYNEF’s financial support extended into the city of Detroit with its partnership with the Challenge the Wind program located in Kean’s harbor. The Foundation provided funding, equipment and volunteer assistance which contributed to this year’s rapid growth. Community sailing will continue to be part of its mission to provide inner-city youth opportunities to learn and develop a passion for sailing and compete with other sailors from established area Junior Sailing Programs.

GPYNEF’s sponsorship extended into competitive regattas for advanced sailors seeking opportunities to move up the national, international and Olympic ranks. Young adults were given grants which afforded them the opportunity to pursue their sailing ambitions. GPYNEF is also working to expand interests with Set Sail for Autism program in order to provide sailing experience to special needs children.

2017 has been an exceptional year for GPYNEF with many great accomplishments and plans to continue to build on these successes for 2018. GPYNEF greatly appreciates the generous support and funding of its contributors which allows the foundation to continue to form strong partner-ships with local youth sailing programs, high school sailing teams, scholarship program, community sailing and special need adaptive sailing programs.

THE YEAR IN REVIEW

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G RO SSE P O I N T E YO U T H N AU T I C A L E D U C AT I O N FO U N DAT I O N | 2 0 1 7 A N N UA L R E P O RT

The Foundation provided twelve (12) $1,500 scholar-ships to local area youth. This program began in 2012 and has provided a total of 56 scholarships. Each of these schol-arships is given in the name of a donor and with eight funded in perpetuity.

Scholarship qualification includes some sailing experi-ence from high school or junior programs and are awarded based on academic and school participation. Anyone in the Detroit Regional Yacht-racing Association (DRYA) area is eligible for a scholarship.

THE GPYNEF SCHOLARSHIP PROGRAM

Left to Right: Preston Carey, Jacob Mackey, Jackson Webster, Liam Walz

THE YEAR AHEADFor the year ahead, the Grosse Pointe Youth

Nautical Education Foundation plans to maintain

a steady course with focus on supporting the High

School Sailing programs, sponsoring competitive

events for youth of all ages and providing scholarships

to encourage educational excellence. We plan

to work closely with the Challenge the Wind

organization to provide both funding, equipment

and opportunities that will help them advance their

program with the Detroit youth. The results for this

program have been excellent.

In an effort to enhance local talent and provide

more competitive experiences, GPYNEF will

sponsor a 2018 US Sailing Olympic Regatta for our

local youth sailors.

The Foundation plans to develop further actions

with the Set Sail for Autism program who work with

young Autistic men and women using the sailing

venue to expand their experiences.

Enhancing youth, high school, competitive, and

adaptive sailing would not be possible without the

generous donations of GPYNEF donors.

GPYNEF President, Jim Morrow and GPYNEF Administrative Support, Barb Seski announce the 2017 Scholarship winners at the annual Scholarship Brunch.

Photos by Michele Penyoer

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The scholarship assessment uses three criteria found in the Application Form: two original essays (topics provided), the applicant’s resume of sailing experience and documentation of their academic accomplishments. Applications for the 2018 Scholarship Program can be found at www.gpynef.org/scholarships and must be received at the Grosse Pointe Yacht Club by April 2, 2018.

Left to Right: Elizabeth Obermaier, Amanda Williams, Kaitlin Malley, Caroline Seski, Justin Verriest, Jake Orhan, Joesph Lark.

Left: Commodore and GPYNEF Board Member, Sloane Barbour was given a Lifetime Achievement Award to honor his dedication, commitment and passion for GPYNEF’s mission and the GPYC Sailing Program.

Bill and Allyson Turner receive a special gift thanking them for their time and dedication to the GPYC sailing program.

Above: GPYNEF Scholarship Recipients Kaitlin Malley and Caroline Seski seated with Donors Marlene and John Bolls and GPYNEF Director Brian Geraghty stand to accept acknowledgement for their award.

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FUNDING THE SCHOLARSHIP GRANTS

The annual GPYNEF Scholarship grants represent a significant portion of the Foundation’s annual budget. Generous donors have stepped forward to make funding this valuable initiative possible.

GPYNEF’s scholarship program began funding in 2012 awarded five, $1,000 scholarships, in comparison, twelve $1,500 scholarships were awarded in 2017.

PERPETUAL SCHOLARSHIP ENDOWMENTAt the close of the 2017 GPYNEF fiscal year, 56 Perpetual

Scholarships have been funded. These scholarships are funded and invested to be given annually in the name of the Donor at a $1,500 level.

Anyone interested in establishing a perpetual scholarship should contact Jim Morrow at [email protected].

It should be noted that these Scholarships will be presented in the donor’s name in perpetuity. These endowments can be funded in a variety of ways; lump sum or funded over time to optimize the tax benefit.

ANNUAL SCHOLARSHIP GIFTSAnnual scholarship gifts are also available.

For a donation of $1,600 to the GPYNEF Scholarship Fund the donor’s Scholarship will be presented in his or her name at the GPYNEF Scholarship Awards Brunch. The Brunch is held at the Grosse Pointe Yacht Club annually on the Sunday of the Great Lakes Boating Festival. The donor will also receive permanent acknowledgment with an inscribed, commemorative paver brick on Sailors’ Pointe as well as an acrylic trophy memento.

Additional information concerning endowments is available on-line at www.gpynef.org or by contacting Foundation President, Commodore James Morrow via email: [email protected].

Jackson Webster, left, 2017 scholarship recipient with donor Grosse Pointe Yacht Club Commodore Sean Schotthoefer.

GPYNEF Perpetual Scholarship Donors’ plaque hangs in the entrance hallway of the Grosse Pointe Yacht Club.

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The Grosse Pointe Youth Nautical Education Foundation (GPYNEF) has a clear mission: to promote national and international amateur sailing, maritime arts, education, water safety and community improvements. The Foundation has been working for several years with the Challenge the Wind organization located out of Kean’s Harbor and is dedicated to teaching inner city kids how to sail. GPYNEF has contributed both funding and boats over the past two of years.

This year they donated four (4) Optimist Dinghy’s to this group to enable them to extend their program to a

younger group of kids. Along with this donation, four GPYC sailors volunteered to spend a day with the “Challenge the Wind” to teach their instructors how to rig and sail the Optimist Dinghy’s. The GPYC junior sailors who volunteered were Emma Turner, Dominic DuLac, Ellie Groustra and Henry Gonzalez. The CTW team was most grateful for the time spent by our sailors.

“Challenge the Wind, which was founded about 8 years ago, was able to double their program this year,” says Past Commodore James Morrow. “GPYNEF has been working closely with Challenge the Wind for about five years.”

CHALLENGE THE WIND EXPAND PROGRAMS

SUPPORTING COMMUNITY

The goal of Sailing for Autism is to demonstrate to the public at large, and employers in particular, the ability of autistic young men and women to contribute in positive, meaningful ways in a variety of roles. Sailing is the medium that is used to demonstrate these abilities.

The Foundation is proud to support this stirring (and successful) initiative with financial assistance. In 2018 GPYNEF will work with local high schools to expand the Set Sail for Autism program.

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SUPPORTING HIGH SCHOOL SAILING TEAMS

The GPYNEF continues to provide financial assistance to local high school sailing programs to support growth in the sport across the Nation. The Foundation provides financial support to help fund expert coaching, educational clinics, state of the art equipment, travel grants and other resources which provide a competitive environment to learn, and advance in high school sailing. We are proud to have 12 local area sailing teams that regularly perform well in local and national

regattas. Grosse Pointe South’s Sailing team won their third straight Michigan State championship title for High School Sailing in the fall and finished twelfth in the nation in the US National Baker Team Racing Championship in the spring.

GPYNEF has aligned its mission of supporting high school sailing with the regional governing body known as the Midwest Interscholastic Sailing Association (MISSA). MISSA’s 55 member teams are located in five states

in the Midwest: Illinois, Ohio, Michgan, Minnesota and Wisconsin. MISSA organizes local, regional and state level championship qualifying events such as the Baker Cup for Team Racing and Mallory Cup for Fleet Racing. GPYNEF supported MISSA’s Mallory Cup held at the GPYC in spring 2017. Grosse Pointe South’s team placed eighth and Grosse Pointe North’s team placed fourteenth. GPYNEF also provided travel grants to Grosse Pointe South’s sailing team.


Left to right: Grosse Pointe South Head Sailing Coach Jim Cooper, GPYNEF Secretary Mark Weber, GPYNEF President Jim Morrow, and Grosse Pointe SouthAthletic Director Jeremy Hawkins.

Left to right, Grosse Pointe Yacht Club Sailing Director Wally Cross, Grosse Pointe North High School Athletic Director Brian Shelson, and Jim Morrow.

University Ligget School Sailing Team parent advi-sor Kathy Johnson and Athletic Director Michelle Hicks receive a check from Jim Morrow.

Visit http://youtu.be/tW9IMKPDnBc to see Grosse Pointe North’s Sailing Team video.

Visit https://goo.gl/gxGTov to see Grosse Pointe South’s Sailing Team video.

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LOCAL ULTIMATE 20S TAKE SECOND PLACE IN THE DETROIT CUP

The Detroit Cup was a successful event this year for our team, including Alex Hume, Mike Hoey, and Ryan Seago. Each of us are former DRYA junior sailors and natives of Grosse Pointe which makes the Detroit Cup a special event for our team. Day four, grade two, World Sailing match race event featured ideal August sailing conditions on the Detroit River — racing Bayview’s Ultimate 20’s, with 5–10 knots of breeze and sunny skies. Our team finished second place out of eight teams, with a 17–4 record through the round robin stage. On the last day of the competition, we won our semi-finals match-up, but unfortunately we lost in the finals to Harry Price and his team from Australia. With a fifth place last year, and a second place this year, hopefully next year will be the year a local team can finally win the Detroit Cup!

Lastly, on November 9th, the team of Matt DeClercq, Alison Knoles, Austin Colpaert, and I will compete in the US Sailing Adult Championship at the St. Petersburg Yacht Club in J70’s. As always, we are very appreciative of GPYNEF’s support. Our success would not be possibe without the financial support of GPYNEF over the past few years.

— Ryan Seago

LOCAL 29ER COMPETITORS FOR NATIONALS AND WORLDS

We first wanted to thank you for your generosity in assisting Louisa and I in making our plans for this past summer become a reality. Specifically, your grant was used towards offsetting the cost of a new set of sails for the 29er Nationals and Worlds.

Nationals included one day of qualifying followed by two days of finals. After a very windy qualifying day, we were slotted into gold fleet (the top 60 competitors). In much lighter and choppier weather, a difficult condition for our slightly larger team, we finished 38th of 113 boats and coming in as the 9th US boat.

Worlds featured three days of qualifying races followed by another three days of finals.

Our first day of Worlds started unfortunately with a break-down where damage to our rudder forced us to withdraw from two of the day’s three races. We raced in silver fleet for the remainder of the event, eventually finishing 66th out of the 130 boats competing

Again, we would like to thank the GPYNEF very much for your generosity; without you this summer would not have been possible.

— Claire Huebner and Louisa Nordstrom

GPYNEF COMPETITIVE SAILING GRANTS AT WORK

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2017 GPYC USODA

GPY NEF sponsored the US Optimist Great Lakes Championship hosted at the GPYC on June 23–25, 2017. Sailors between the ages of 9–14 com-peted from all over the Great Lakes region in the world’s largest sailing class, the Optimist dinghy.

The event offered a competitive opportunity for advanced sailors to qualify for the 2018 National Opti US Team trials. Four local sailors qualified and will participate in the upcoming trails: Conner Kirkman, Dougy Cowan, Charlie Gonzalez and Alex Tigges.


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GROSSE POINTE YACHT CLUB FUND-RAISERS

There are two annual Grosse Pointe Yacht Club traditions that mark the arrival of a new boating season; the annual Summer Breeze party and the area’s premier in-the-water boat show, the Great Lakes Boating Festival.

These two great traditions are also essential components of the Grosse Pointe Youth Educational Foundation’s annual fund-raising efforts.

Join the fun. Help raise the funds needed to keep the Foundation growing as fast as interest in Junior sailing is growing.

THE GREAT LAKES BOATING FESTIVAL

Beginning Friday, May 18 and continuing through Sunday May 20, the Great Lakes Boating Festival will fill the Grosse Pointe Yacht Club harbor with state-of-the- art boats, that range from center consoles to luxurious motor yachts.

While the harbor is full of the latest in boats, the GPYC’s east lawn is host to a variety of nautical-related exhibits…not to mention delicious food.

With fund-raising raffles for boats, cars and Rolex watches going on all weekend, the Festival is a great way to see your friends, get aboard the latest in boats and support the GPYNEF.

THE SUMMER BREEZE

Mark your calendar for Friday evening, May 18, 2018. That is the date of the Yacht Club’s Summer Breeze party celebrating the opening of the boating season and the Great Lakes Boating Festival.

Enjoy great food and fun while bidding on fabulous items in a live auction and dance the night away. There isn’t a more enjoyable way to support the work of the Foundation than to be part of the action at the Summer Breeze.

For more information visit: www.greatlakesboatingfestival.com

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Visit https://youtu.be/HoJlLmi9CJUand view a video of the Festival


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SPONSOR SUPPORTThe two annual fund-raising events

held at the GPYC provide important financial support to the Grosse Pointe Youth Nautical Education Foundation.

A key to the events’ fundraising suc-cess can be linked directly to the generos-ity of sponsors who donate time, money and products to make the exhibits, raffles and auctions so successful.

Their dedication to the Foundation’s goal should be acknowledged by all.

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G R E AT L A K E S B O AT I N G F E S T I VA L S P O N S O R S

IT Innovation. Business Value.

B R O N Z E

G O L D

RAY LAETHEMM O T O R V I L L A G E

S I LV E R

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Boston Whaler Donors:

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2017 GPYNEF CONTRIBUTORS

PLATINUM $10,000–$25,000Mr. John Ahee Mr. Peter Ahee

(Ahee Jewelers)Mr. and Mrs. Peter G. Beauregard

(Colony Marine)Fifth Third Bank Genesis CadillacMr. and Mrs. Joseph J. Haney St John Providence- AscensionCommodore and Mrs. Tymon Totte

GOLD $5,000 – $10,000Commodore James and Patti Anderson Commodore John and Marlene Boll DTE Energy Foundation Grosse Pointe NewsMr. Michael KolbMr. and Mrs. Jeffrey R. LaethemMr. and Mrs. Gary F. Marowske

(Flame Furnace)Mr. and Mrs. James T. Mestdagh Mr. John MinnisCommodore and Mrs. James Morrow Mr. Thomas RagussoMr. and Mrs. Thomas RitterMr. and Mrs. Gregory Rivard Mr. and Mrs. James ScheibelCommodore Sean and

Dr. Kristen SchotthoeferMr. and Mrs. Steven P. Simmons

(Corporate Optics)Sterling InsuranceSun Sport Marine / Yahama

SILVER $1,000 – $5,000Mr. and Mrs. Joseph Backer, JrBenno Steinborn Dr. and Mrs. Gary G. BillMr. and Mrs. Daniel Bracciano Gasparilla Inn & SpaRear Commodore Gary H.

and Mrs. Gonzalez Mr. Jason J. GrobbelCommodore and Mrs. Ted Huebner Mr. and Mrs. Adam KolbMr. and Mrs. Graham Korneffel Mr. Paul MattesMr. and Mrs. Richard Meade Mr. and Mrs. Manuel J. MorounRenewal by AndersonMr. and Mrs. Christopher Riopelle Dr. and Mrs. John SeagoSecure 24Mr. and Mrs.Edwin B. Shaw Mr. and Mrs. Joseph Shaden Mr. and Mrs. Glenn Sheets Mr. and Mrs. Sean P. SouthersMr. and Mrs. Keith E. SpondikeMs. Mary Beth TebbenMr. and Mrs. Michael Tulsa, Jr Mr. and Mrs. William Turner. Jr Mr. and Mrs. William Vogel IIIVice Commodore and Mrs. Ilja J. Vreeken Mr. Steven G. and Dr. Ginette VreekenMr. and Mrs. Matthew J. WenzlerMr. and Mrs. William Williams

BRONZEMr. and Mrs. Scott AdlhochMr. and Mrs. Daniel Aitken Dr. and Mrs. Bradley Algren Mr. and Mrs. Carl J. AndersonCommodore and Mrs. Sloane R. Barbour Mr. and Mrs. Patrick BatchellerMrs. Alicia B. BonahoomMr. and Mrs. Charles M. Bayer, Jr. Mr. and Mrs. Peter BillMr. and Mrs. Biden BolgerMr. and Mrs. BourbeauMr. and Mrs. R. Antony Bromwell Mr. and Mrs. Jon BuresMs. Rosemarie BurkeMr. and Mrs. Bruce Burton Mr. and Mrs. John CatalanoMr. and Mrs. Alfred CallertMr. and Mrs. ChestertonMrs. Patricia ConnellyMr. and Mrs. J. Lewis Cooper Mr. and Mrs. James Cooper Mr. and Mrs. Wallace Cross Mr. and Mrs. Antonio Cueter Mr. Daniel CyrMr. and Mrs. Bradley DannaMr. and Mrs. Ralph DeedsMr. and Mrs. Jon DeimelDr. Anthony and Marie DeLucaCommodore and Mrs. John De WaldMr. and Mrs. William J. Dillon Mrs. Eugenia Di SanteMr. and Mrs. James Dixon Ms. Suzanne DritsanCommodore and Mrs. J. Theodore Everingham

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Bronze (continued)Mr. and Mrs. Ralph FisherMr. William FreimuthMr. and Mrs. Terry Fujishige Mr. Joseph Galasso, JrMr. and Mrs. Jason M. Geisz Commodore and Mrs. Brian Geraghty Gerry’s Distributing Co.Mr. and Mrs. Timothy S. GoustraMr. and Mrs. Mark GundersonMr. and Mrs. Terry R. Gutermuth Mr. and Mrs. Patrick HaddaMr. and Mrs. HuntleyMr. and Mrs. HurstMr. Jeffrey JarzombekMr. and Mrs. Michael Kirkman Mr. and Mrs. Daniel L. Klaasen Dr. James KleinCommodore and Mrs. Blaise Klenow Mr. and Mrs. Richard KnowlesMr. and Mrs. Harry KurtzMr. and Mrs. Richard LawMr. and Mrs. Robert G. Liggett Jr.Mr. and Mrs. Stephen LindMr. Richard A. ListwanDr. and Mrs. Brian M. Litch Mr. and Mrs. Dominic A. LombardiMr. and Mrs. Steven LongMs. Wendy A. LucidMr. Joseph LucidoMr. and Mrs. William J. LudwigMr. and Mrs. David LupiniMr. and Mrs. Andrew F. Mac LachlanMarine MaxMr. and Mrs. John D. Mertz

Ms. Marianne P. MikhailMr. Kevin MorinMrs. Lucy Carmichael MilnerDr. Robert MorrisMr. and Mrs. Timothy MullinsMs. Anne Nachazel Mr. and Mrs. Robert NahraMs. Deborah A. NesiMr. and Mrs. John NicholsonMr. and Mrs. Russell NobelMr. and Mrs. Antoine ObeidMrs. Beline ObeidMr. and Mrs. William O’KeefeMr. Gerald PartridgeMr. and Mrs. Stephen C. PerryMr. and Mrs. Roger PrisbeCommodore and Mrs. Carl Rashid, Jr.Ms. Tamara ReddmannMr. and Mrs. Randall L. RutkofskeMr. Mayer SalamaMr. and Mrs. Matthew SavageDr. and Mrs. John T. SeagoMr. and Mrs. Gregory SemackMr. Kent SheelerMr. and Mrs. Lawrence A. SimonMs. Amy L. SmithMr. and Mrs. Sean P. SouthersMr. and Mrs. Harold StackpooleMr. and Mrs. Clark V. StevensDr. and Mrs. Larry W. StephensonMr. and Mrs. Robert SzaboMs. Constance M. SzymcakMr. and Mrs. Richard W. ThamsMr. and Mrs. James Touhey

Mr. and Mrs. Philip TrupianoMs. Joan TurgeonMr. and Mrs. William S. Turner, Jr.Mr. and Mrs. Michael A. Tusa, Jr.Commodore and Mrs. William C. Vogel, Jr.Mr. and Mrs. Gerrit A. VreekenMr. Peter W. WaldmeirMr. Clune WalshMr. and Mrs. John WaltonCommodore and Mrs. Mark R. Weber, PhDMr. and Mrs. Todd WebsterMs. Rebecca WhiteDrs. David and Bernadine Wu

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Grosse Pointe Youth Nautical Education FoundationFor the Years Ended October 2017 and 2016

2017 2016

CONTRIBUTIONS $ 67,960 $ 90,141

INCOME — GLBF/SUMMER BREEZE 108,853 98,196

Investment Income 59,365 23,583

OPERATING EXPENSES

Grants and Event Support 109,305 107,371 Administrative Expenses 32,645 28,450 Depreciation and Amortization 990 4,975 Professional Fees 5,373 6,966

Total Operating Expenses 148,313 147,762

Increase (Decrease) in Net Assets $ 87,865 $ 64,158

CURRENT ASSETS Cash in Bank and on Hand $ 24,498 $ 33,500 Training Equipment – 1,680 Schwab Investment 183,464 158,618 Schwab Scholarship Funds 349,416 275,061

Total Current Assets 557,378 468,860

OTHER ASSETS 5,125 5,779

TOTAL ASSETS $ 562,503 $ 474,639

*No pay is given to support the Foundation

G P Y N E F G R O W T H 2 0 1 1 – 2 0 1 7

$120,669$195,116

$293,331

$381,483$413,281

$474,639

$562,503$349,416

TOTAL ASSETS

2017 20172011 20112012 20122013 20132014 20142015 20152016 2016

$0

$52,502

$110,945

$186,231$215,386

$275,061

SCHOLARSHIP FUNDS

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The Grosse Pointe Youth Nautical Education Foundation’s

mission is to promote national and international amateur sailing,

maritime education and competition, and water safety.

Grosse Pointe Youth Nautical Education Foundation788 Lake Shore DriveGrosse Pointe Shores, MI 48236www.gpynef.org

2017 annual report - gpynef · grosse pointe youth nautical education foundation | 2017 annual...

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