Diamond Lake Youth Sailing Endowment Fund
The Diamond Lake Youth Sailing Endowment Funds (DLYSEF) supports the purchase of sailboats for the youth program, youth sailing scholarships and related youth sailing activities on Diamond Lake and is open to all the residents of Cass County. The main emphasis is teaching youth sailors the fundamentals and joy of this lifelong activity.
The DLYSEF is a 501(c)(3) organization created under the umbrella of the Michigan Gateway Community Foundation of Buchanan Michigan. As with other endowment funds the principle (your contribution) will be held by the Foundation in perpetuity and only the interest earnings will be spent on an annual basis. The fund was established in 2019 with a large anonymous gift. Fundraising has substantially increased this first gift with the goal of having $200,000 in the fund.
Historically, the boats used in the youth program (Opti’s, Sunfish, Butterfly’s and 420's ) have been donated by interested club members. This has led to a fleet that is at an advanced age (our newest sunfish is 42 years old). The idea behind the endowment fund is to create a long term and stable funding source that will bring down the average age of the fleet (we have 30 plus boats) to ten years. In addition, the youth program is committed to helping any youth in Cass County be part of the sailing program. The endowment fund will support scholarships for sailing classes. With the explosion of interest in the DLYC Youth sailing program we need to update the fleet and offer sailing opportunities to all the interested youth in the County.
Donations can be made on the Michigan Gateway Community foundation web site at www.mgcf.org. Fill in a donation amount and click on “Designate a campaign” then select Diamond Lake Youth Sailing Endowment and follow the prompts. Checks can also be sent directly to the Michigan Gateway Community Foundation at 111 Days Avenue, Buchanan, Michigan, 49107. Please note on the memo line on the face of the check that it is for the Diamond Lake Youth Sailing Endowment Fund, and it will be credited appropriately. Lastly, a number of people have elected to pledge a larger amount over time. Attached is a pledge sheet that allows multiyear gifts to be made.
Diamond Lake Youth Sailing Endowment Fund Pledge Form