ILYA takes bold step toward fleet growth
Published on February 18th, 2014
The Inland Lake Yachting Association (ILYA) Foundation is taking a moratorium on issuing small grants for regatta participation outside the ILYA. In an effort to bolster their trainer, the X boat, the ILYA Foundation is accepting applications from lakes for family-ownership of three boats per lake.
With their current funds, the Foundation feels it can support two lakes. This is a bold new direction for the Foundation. The ILYA feels its success is due in large part to the boat ownership model. Graduating youth sailors have resale cash to investigate the purchase of a Scow.
Here are the initial guidelines:
– Grant for up to 50% of the cost of an X Boat with a maximum of $3,000.00 per boat. The idea is to populate a club with a small beginning fleet. Because of our funding levels we are limiting the total amount to each lake to $9,000. Again, these are to be family, single-owner boats rather than club utilized boats.
– The ILYA member club has no currently active X Boat fleet.
– The club agrees to actively support the new fleet and encourage its growth by providing a racing schedule and training.
– Participating families join ILYA as family members.
– Participating families agree to campaign the boat at the ILYA X Championship each year that they own the boat.
– Member clubs will need a minimum of three boats to start a fleet.
– Boats that are purchased with the help of grant funds cannot be sold at a profit.
With a small amount of additional funding, the ILYA could help two lakes start up fleets in the coming year. Click here to inquire.
Source: Scowlines, February 2014