For a cause or charity to be eligible to receive funding from SYC, we look for them to meet our four tenets of eligibility:
- A minimum if 90% of the funds received must go to the work or benefit that they provide
We do not want funding to be consumed by internal administration costs and the like
- The organisation should be volunteer led
We aren’t interested in supporting those with numerous paid executives in charge.
- They cannot already be receiving government grants or funding
If they are, we want to support other causes who don’t have that level of support
- They need to be connected some way to our yachting world.
These tenets mitigate towards our support going to smaller, volunteer charities that generally have challenges in doing their own fundraising. From time to time, the charities that we have supported in the past outgrow these criteria and cease to be eligible. We see this as a natural consequence of their increased success and are proud to have played a part in their development.
If you know of a good cause you think we should support, email us at firstname.lastname@example.org