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The University of Michigan Sailing Team Capital Campaign


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Dear Michigan Sailing Team Friends and Supporters, The University of Michigan Sailing Team has been working hard to develop our team and make it one of the most impressive college sailing programs in the country. This year, we have traveled all over the country to compete and have had some great achievements:      

Qualified for and competed in ICSA Women’s Semi-Finals, May 2013 Qualified for and competed in ICSA Co-ed Semi-Finals, May 2013 Finished 1st and 4th in our fleets at the Intercollegiate Offshore Regatta, October 2013 Tied for 1st at ICSA Keelboat Nationals, November 2013 Qualified for and finished 8th at ICSA Match Racing Nationals, November 2013 MCSA Fall 2013 Championship/Timme Angsten Regatta winner, November 2013

Our team has been committed to improving our competitiveness on the water, however one thing stands in the way of our growth: our aging equipment. The team’s nine Club 420s and two FJs are almost 15 years old and have significantly outlived their replacement. Several of our boats are structurally unsound and only a few of them have working jib sheet cleats or centerboard seals. These deficiencies hinder our practices and make the team seem unappealing for hosting competitive regattas. Additionally without a coach, we have to spend a great deal of our time and resources organizing and coaching each other, instead of practicing and personally improving. Today we are asking for your financial support to help keep the University of Michigan Sailing Team competitive for years to come. You can help grow our team so that we can work to purchase a new fleet of boats, and set up an endowment to help the team hire a coach, cover travel expenses, and improve our lake facilities. Though we have received generous donations from our alumni, and have raised just over $60,000, we still have a long way to go in our goal of raising $100,000 for a new fleet of boats and $100,000 to set up a team endowment. Reaching this goal will allow the University of Michigan Sailing Team to drastically improve our program and will give us the opportunity to become one of the most competitive college sailing programs in the country. Thank you for choosing to support us today!

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About the Team 

The University of Michigan Sailing Team is a competitive club sport at the University of Michigan.

The team is a member of the Midwest Collegiate Sailing Association (MCSA), a division of the Intercollegiate College Sailing Association (ICSA).

The team travels nationally to race at venues such as Northwestern University, the United States Naval Academy, Stanford University, and the College of Charleston.

Over the past few years, the team has grown to 60 active members and recruits students with all levels of sailing experience .

The University of Michigan Sailing Team practices on Baseline Lake in Dexter, MI.

The team practices two times a week until Thanksgiving and starts practicing again when the ice melts in March.

The team currently owns nine Club 420s and two FJs. At regattas, Michigan sailors also have the opportunity to sail other dinghies as well as larger keelboats.

The team competes in regattas featuring co-ed and women’s fleet racing, team racing, and match racing.

The University of Michigan Sailing Team hosts several regattas a year that draw teams from all over the Midwest.

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2014 Executive Board

Captain

Captain

Thomas Etheridge ‘16

Christopher Cyr ‘16

Naval Architecture & Marine Engineering

Neuroscience

Treasurer

Long-Term Fundraising

Short-Term Fundraising

Elizabeth Wallace ‘15

Ryan Davidson ‘15

Kendall Witmer ‘15

Braden Engstrom ‘16

Business

Business

Political Science

Classical Languages and Literature

Race Chair and MCSA Liaison

Social Chair

Secretary

Media Chair

Alexander Ramos ‘15

Katie Ried ‘15

Alison Bradley ‘16

Sarah Sloan ‘16

Naval Architecture & Marine Engineering

Politics, Philosophy, Economics

Spanish and Biology

Program in the Environment

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Rec Sports Liaison


Recent Accomplishments 1st

2013 Timme Angsten Memorial Regatta, Chicago, IL

8th

2013 ICSA Match Racing National Champs., St. Petersburg FL

1st (Tie)

2013 ICSA Offshore National Championship, Annapolis, MD

1st

2013 Big Ten Team Race, Baseline Lake

1st

2013 Small Keelboat Invitational, Annapolis, MD

1st

2013 MCSA Match Race Championship, Sheboygan, WI

1st, 4th

2013 Intercollegiate Offshore Regatta, Larchmont, NY

11th

2013 St. Mary’s Intersectional, St. Mary’s, MD

16th

2013 ICSA Women’s Semi-Finals, St. Petersburg, FL

12th

2013 ICSA Co-Ed Semi-Finals, Hampton, VA

2nd

2013 MCSA Team Race Championship, Wayzata, MN

3rd

2013 MCSA Women’s Championship, Denison, OH

2nd

2013 MCSA Co-Ed Championship, Madison, WI

1st

2012 Sugar Bowl Regatta, New Orleans, LA

1st

2012 Timme Angsten Memorial Regatta, Chicago, IL

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The Team And The University The University of Michigan Sailing Team is a club sport affiliated with the University of Michigan Recreational Sports Department. The University gives the team limited funding (roughly $2500 a year) to compete for the school and gives it access to many university resources such as van rentals, advising, and facilities access. All of the Michigan Sailing Team’s money is now required to be held in University of Michigan accounts and is overseen by the University’s finance staff, making all donations to the team 100% tax deductible. Additionally, this provides a new level of oversight to the team’s finances that will help the team to maintain and grow our endowment during leadership transitions. The team has separate operating and long term accounts. All donations to the team are placed in the team’s long-term savings fund which has restrictions set forth to ensure that the funds are used towards the University of Michigan Sailing Team’s Capital Campaign and the future growth of the team.

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The Team And The Club The University of Michigan Sailing Team’s relationship with the Michigan Sailing Club is stronger than ever. The team still practices and holds regattas at the club’s facilities on Baseline Lake in Dexter, MI. Recently the Team and the Club have been working on a proposal to build an addition onto the club’s clubhouse that will add both a classroom during the sailing season and indoor storage for the team during the winter. In October, this proposal passed unanimously by the Club’s board and construction is set to start in the Spring of 2014. This addition is extremely beneficial for the Michigan Sailing Team because it will allow the team to store its fleet inside during the winter, which will greatly extend the usable life of the team’s next fleet of sailboats. The classroom space will also allow the team to have even better de-briefs and pre practice meetings.

University of Michigan Sailing Team/Michigan Sailing Club Addition

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Current Fleet It is time for a major overhaul of the team’s fleet. In four years, the boats will be older than the freshmen! Collegiate 420s Presently, the team owns nine Collegiate 420s; six were built in 1998, one in 2001, and two in 2002. Many of the boats have developed fundamental structural issues that cannot be corrected with a little bit of epoxy and fiberglass. As of fall 2013, the fleet of nine 420s has been reduced to seven from compounding failures. Seven boats are not enough to run an effective practice, and many team members waste a fair amount of practice on the coach boat waiting for their turn to get in a sailboat. When we have to tow our boats to away regattas, our boats are always in worse shape than the host school’s fleet, affecting quality of the racing. Collegiate FJs The team also owns two Collegiate FJs, which are the boat of choice of many varsity teams and the boat used at Intercollegiate National Championships. Our FJs are older than most team members; circa 1990. Even with degraded foils, broken hardware, and deteriorating hulls, the team still heavily relies on its FJs in order to prepare for all of the top tier competitions. Sail Inventory After years of hard practices, even the team’s newest sails are ready for retirement. The current set of sails has been used aggressively for over 3 years. After years of deformation these sails look, feel, and act very differently than what the team uses in competition.

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Long Term Plan

Step 1 Raise $100,000 for twelve new sailboats

Step 2 Continued fundraising towards a $100,000 team endowment and the new boat replacement program

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Boat Replacement Program Once the Michigan Sailing Team has raised enough money to purchase a new fleet of collegiate dinghies, it needs to have a program in place in order to ensure that its fleet stays competitive for year to come. After the initial purchase, the team can replace half of its fleet and purchase twelve sets of sails (six with the new boats, six purchased additionally) every three years by putting aside just $10,000 a year. That $10,000 a year is well below the team’s recent annual fundraising levels and is easily achievable. With this system, the oldest boats in the team’s fleet would be six years old and all boats would be sold while they still retain some value.

Year

Amount Raised

-1

$ 100,000

0

$

10,000

1

$

2

New Boats New Boat New Sails Sails Ex- Number of Boat Old Boat Purchased Expense Purchased pense Boats Sold Age Revenue

Balace at 12/31 $

100,000

$

14,000

10,000

$

24,000

$

10,000

$

34,000

3

$

10,000

$27,000 $

23,000

4

$

10,000

$

33,000

5

$

10,000

$

43,000

6

$

10,000

$15,000 $

20,000

7

$

10,000

$

30,000

8

$

10,000

$

40,000

9

$

10,000

$15,000 $

17,000

10

$

10,000

$

27,000

11

$

10,000

$

37,000

12

$

10,000

$15,000 $

14,000

12

6

6

6

6

($96,000)

($42,000)

($42,000)

($42,000)

($42,000)

6

($6,000)

6

($6,000)

6

($6,000)

6

($6,000)

11

6

6

6

6

3

6

6

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Team Endowment

Once the team has raised enough money to replace its fleet, it will start the process of building an official team endowment. This endowment will be created through the University of Michigan and will allow the team to take the interest accumulation by the funds in the endowment and use that money to help the team operate and keep team dues reasonable. A team endowment will also provide the team with extra funds to possibly hire a full-time racing coach and ensure that its lake facilities are well maintained.

University of Michigan Sailing Team Endowment

Interest Payments to Cover Operating Expenses

Donations

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How to Donate

-Check-

-Online-

Made Payable To: The University of Michigan

www.michigansailing.org

Memo: Michigan Sailing Team

The Michigan Sailing Team 606 E Hoover Ave Ann Arbor, MI 48109 13


University of Michigan Sailing Team Capital Campaign  
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