Support Us:
Program Needs and Ways to Give

Eve Formisano, Director of Development

Eve Formisano, Director of Development

eve.formisano@sailnewport.org

Tel. (401) 846-1983, ext. 130

Sail Newport is a 501 (c) (3) organization

Sail Newport’s tax id number is 22-2560625

Whether you’re a long-term supporter or thinking about making your first gift, it is important for you to know the impact of your donation. In FY21 (11/1/20 – 10/31/21), 28% of Sail Newport’s $1.7M budget was derived from philanthropic support, and the remaining from program and service fees. However you choose to give, please know your gift provides essential financial support to the organization.

Annual, Capital and Program Needs

Annual Fund ($250,000 for FY22)
Sail Newport’s Annual Fund provides essential unrestricted operational support for the organization. The distribution of these funds may vary from year to year, though typically include financial aid, program development and delivery, building and technology updates and boat procurement and maintenance.

Campaign for Blue Space ($10M by December 31, 2022)
Sail Newport is working to conclude the $10M Campaign for Blue Space by December 31, 2022. Announced in 2016, this three-part fundraising initiative was designed to establish the financial foundation for the organization’s programmatic ambitions and better serve the community by:

  • Expanding public access to sailing programs
  • Broadening marine education programming
  • Building and maintaining the Mid-Park Marine Education and Recreation Center

Key accomplishments to date include:

  • The completion of our beautiful new facility at 72 Fort Adams Drive
  • The establishment of the fourth grade Pell Elementary Science and Sailing Program, a 16-week curricular experiential program for every public school fourth grader in Newport
  • The development of new programs such as the Challenger Lecture Series named in honor of Dr. Charlie Shoemaker

Capital Needs
Sail Newport’s Admiral’s Pier and Youth Sailing Center Dock Replacement Project ($575,000 by April 30, 2022)

This project, announced in August 2021, is an essential need for the organization, our members and sailors. Specifically, the project entails replacing the South Admiral’s Pier Docks adjacent to the boat hoists and the Youth Sailing Center Docks adjacent to the Dr. Robin Wallace Youth Sailing Center Building and Dinghy Ramp. Both dock areas have served the organization well since the mid-late 1990s, but have developed safety and deterioration issues beyond repair. Once pulled, every effort will be made to salvage and recycle any usable segments of the docks and associated hardware.

The total cost of this project is anticipated to be approximately $575,000. This capital project is included within the Campaign for Blue Space ($10M) that launched in 2015 and will conclude December 31, 2022 and will be funded through the generous support of individual donors and foundations.

Endowment ($100,000 minimum annually)
Sail Newport’s Endowment Fund provides long-term financial stability and support for the organization and allows for an annual unrestricted draw of 4.25%. Having achieved significant growth since established in 2012, Sail Newport’s endowment now exceeds $1M. In addition to the general endowment, Sail Newport currently has three “restricted” endowment funds.

J/22 Endowment Fund
The J-22 Endowment Fund was established in September 2012 to ensure that when the current J/22 fleet of 14 boats needs replacement, the organization has dedicated resources to draw from to replace the same or similar type and number of boats. Exceptionally, Sail Newport’s standard annual endowment draw of 4.5% for this particular fund has been deferred and reinvested for the benefit of that purchase.

Timothy J. Mills’ Financial Aid Fund
The Timothy J. Mills’ Financial Aid Fund was established at Sail Newport in 2021 in memory of Newport’s former harbormaster, Tim Mills, who passed away in 2020. The goal of this endowed fund is to provide, at minimum, one full financial aid award per year for a child participating in Sail Newport’s Summer Youth Sailing Program.

“Tim loved sailing in and around Narragansett Bay and loved encouraging new sailors, young and old. This Fund seems to be a perfect way to pay tribute to him in a way that he would have supported, sharing his love of the water and providing an opportunity for young sailors to experience sailing,” says Kathleen Dunn, Timʻs sister.

The Michael W. Spicer and Stewart J. Abramson Memorial Fund
The Michael W. Spicer and Stuart J. Abramson Memorial Fund was established in July 2021 in memory of Mike and Stu, two great friends of Sail Newport. The goal of this endowed fund is to provide, at minimum, one full financial aid award per year for a child participating in Sail Newport’s Summer Youth Sailing Program.

WAYS TO GIVE

Check, Credit Card, PayPal, Venmo
Please make payable to Sail Newport and send to Sail Newport, 72 Fort Adams Drive, Newport, RI 02840. If you prefer to make a gift via credit card, you may do so online, or by calling Sail Newport during business hours at 401-846-1983. If you prefer to pay by Paypal or Venmo, you may do so online or by your mobile device.

Donor-Advised Funds
Sail Newport is honored to be considered among the charities named as a recommended grant recipient from donors’ Donor-Advised Funds (DAFs). Please consider recommending Sail Newport to your DAF administrator, making a recurring gift to Sail Newport through your DAF, or naming Sail Newport as a beneficiary of your DAF.

Employer Matching Gifts
Matching gifts are company-sponsored programs that allow employees to increase the size and impact of their gift by a “donation match” that comes from the company. Please check to see if your company has a matching gift program, and if they do, thank you for completing and submitting any necessary forms.

Endowment Gifts
In 2017, the Alletta Morris McBean Charitable Trust awarded Sail Newport a five-year $500,000 match challenge grant to support Sail Newport’s general endowment fund. Therefore, every gift to the endowment is matched by the Trust up to $500,000, resulting in $1M raised for the endowment. To date, we have received nearly $750,000 in gifts, matches and match commitments through this effort which must be achieved by December 31, 2022.

Gifts of Stock
Sail Newport accepts gifts of stock and other asset donations. If you are considering making a gift of stock, please contact us for bank information, etc.

In-Kind and Boat Donations
Sail Newport accepts a variety of in-kind donations (non-cash donations, such as a boat or other types of marine supplies). The donation must be reviewed and assessed by Sail Newport, and in certain circumstances, an independent appraisal prior to the donation being accepted. If you are interested in making an in-kind donation to Sail Newport, please contact us.

In Memory/Honor of
Sail Newport is honored to accept and acknowledge gifts received in Memory/Honor of an individual or an occasion.

Planned Gifts
Donors who include Sail Newport in their estate plans leave a lasting legacy to our organization. Please contact us to discuss your wishes to extend your support to Sail Newport beyond your lifetime.

Give Now

Have questions or would like to discuss which areas you would like to support?

Contact Eve Formisano, Director of Development
Phone: (401) 846-1983 Ext. 130
Email: eve.formisano@sailnewport.org