Make a Gift to Cambridge Sailing Support Funds
The Club maintains four Cambridge sailing support funds so that alumni can direct their gifts to different purposes. The funds also support surfing – wind and kite. Alumni gifts, single as well as regular, are made through the University’s philanthropic website – accessed via the buttons on this page. We will contact you for the designation of your gift after receiving notice of your support. University giving arrangements do not currently provide designation facilities.
- Dinghy Fund: The Dinghy Fund accumulates money so that the Club’s dinghies and gear can be refurbished and replaced regularly.
- Board Fund: The Board Fund assists the annual refurbishment and replacement of the Club’s windsurfing boards, rigs, and gear.
- Entry Fees Fund: The Entry Fees Fund accumulates money to reduce the high entry fee costs incurred by sailors and windsurfers in attending university and other events around the country.
- Hardship Fund: The Hardship Fund accumulates money to assist team sailors who experience unexpected financial difficulty and would otherwise be unable to continue competitive sailing at Cambridge.
Support Fund Administration
The Support Funds take a long term view and therefore have their own bank accounts, ring fenced from general CUCrC funds. The Club’s Trustees, the Commodore, the Senior Treasurer, the Senior Secretary, and a senior Windsurfing representative manage the Dinghy and Board Funds. Alumni supporter donations go directly into the Support Funds bank account.
Dinghy and Board Funds
Currently the Club replaces each of its two flights of Fireflies every six years. The difference between the price of a new flight and the proceeds of selling the old flight is around £30,000. As a result, we need to generate Dinghy Fund income of at least £10,000 a year. Furthermore, the Dinghy Fund also pays for major refurbishments such as professional repair of damage or a new rudder. A different approach has been adopted for windsurfing; items are refurbished and replaced regularly – as needed.
Entry Fees Fund
Participating team sailors and windsurfers pay the entry fees BUSA and SWA championships, and other weekend events during the year. In addition, they also pay travel, subsistence, and overnight expenses. Team racing entry fees alone, including the costs of hiring boats and facilities for the Varsity Match, amount to over £10,000 a year. The purpose of the Entry Fee Fund is to help defray the entry fee costs that sailors and windsurfers incur. The Fund is managed by the General Committee
Because of its nature, the Hardship Fund is a somewhat private fund, managed by the Senior Treasurer, Senior Secretary, and two Senior Committee Members who live in or near Cambridge. Applications are made in confidence to the Senior Treasurer in a set format.
An historic summary of support fund accounts is shown below, followed by the accounts for the current year. Email the Alumni Administrator if you would like more detail about any support fund.
CUCrC SUPPORT FUNDS HISTORICAL SUMMARY
|Year||Start Balance||Income||Expenditure||End Balance||Notes|
|2010/11||6,919||9,051||124||15,846||Expenditure was for a ‘Just Giving’ website page, subsequently discontinued.|
|2013/14||38,223||15,744||42,303||11,664||Purchase of 6 new Fireflies and 6 new covers for old Fireflies.|
|2015/16||29,102||27,209||46,468||9,843||Sale of 25-year-old Firefly flight and purchase of a new flight, plus 7 replacement sails, plus some windsurfing expenditure.|
|2017/18||27,590||18,128||9,118||36,600||New 3-tier road trailer. Initiation of event entry assistance for student sailors.|
|2018/19||36,600||39,582||52,882||23,300||Sale of 2013 Firefly flight and purchase of a new flight. Entry fee assistance, dinghy refurbishment, hardship assistance.|
|2019/20||23,300||12,772||4,245||31,827||Entry fee assistance, dinghy refurbishment, hardship assistance.|
Contributions to Support Funds by Alumni Decade
(Lump sum gifts amortised over 10 years)
|1940’s & 50’s||15%|
|2000’s & 10’s||8%|