Deer Isle Yacht Club Scholarship
In response to our members’ desire for the DIYC to give back to the island community, the 2019-2020 Board of Governors raised enough money, through donations and gifts, to establish an endowed scholarship fund to assist graduating seniors from the DISHS with their continuing education. The fund will be invested, managed and distributed by Maine Community Foundation and all donations are tax deductible.
The first scholarship will be awarded in the Spring of 2021. Selection of student recipients will be made by the DISHS according to the following criteria:
Student Eligibility Criteria:
a) Full time resident of Deer Isle or Stonington, Maine
b) Financial Need
c) Enrollment or acceptance (with the intention of enrollment) into a continuing education program, including, but not limited to, an accredited college, vocational school, or certificate program or courses.
d) A demonstrated history of volunteerism in school and/or community.
As a result of the generous donations from our members, the beginning balance in the account, as of 5/15, is $11,200. Actual rate of growth will depend on investment yield and member donations. Historically, annual investment returns for this type of fund have averaged 6-8%, with a distribution rate of 4% of the total.
Many of our members already give generously to various organizations on Deer Isle.
We hope your contribution to this scholarship fund will add, not take away from, your
planned yearly giving.
Donations can be made to:
Maine Community Foundation
245 Main St.
Ellsworth, ME 04605