The Jack Howlett Corinthian Fund shall be used to offer financial
support to those members of the Club whom the Committee deems deserving
in any or all aspects of aquatic sports at levels beyond basic
involvement at the Club.
This refers to events that would be considered National, International or World Class.
Members may directly petition the Committee for support, or the Committee may suggest and approve funding on its own initiative.
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Funding
The Jack Howlett Corinthian Fund was initially seeded by Sail East
funds. Subsequently an annual minimum charge or assessment of $5.00 per
Senior member will be used to sustain the fund. Any gifts or donations
are also welcome.
The minimum fund level of $10,000 is to be maintained. The Committee may draw the fund to its minimum level in any given year.
Requests
for funds must be submitted to the Committee prior to September 30th in
any given year and accounted for in the current fiscal year.
Grants
to any member in any given year are limited to $1,500 for National
events, $2,500 for International events and $4,000 for World Class
events.
Assessment charges may be reviewed annually by the Committee, who shall report their findings to the Board of Directors.
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The Committee
The Committee shall be comprised of three (3) members nominated by
the Sailing Director and ratified by the Board of Directors, and will
report to the Rear Commodore, who will serve as a non-voting liaison to
the Board of Directors.
Nominees shall be
brought to the Board of Directors no later than March 15th in any
calendar year. To ensure continuity, it is recommended that Committee
members should serve a minimum term of two years and only one member
should be replaced in any given year.
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Member Recognition
Recognition of grants to members shall be made at any appropriate
event such as the Pool and Playground, Junior Sailing or Senior Sailing
Awards Dinners.