LTS relies on donations and volunteers to support our programs.
Although we budget carefully and strive to make our basic programs break even on a cash flow basis, our generous donors allow us to do much more — in particular (A) offer scholarships to young sailors who would not otherwise be able to enjoy LTS as well as (B) engage in ongoing capital improvements to our fleet and waterfront area.
In Fiscal Year 2015, LTS received just over $16,000 in donations, most from individuals and families. This year we were able to spend far more ($78,000) than we collected in donations due to extremely generous contributions made in prior years. We want to particularly thank Jack Martin for his 2011 donation of his J/105 Exit Strategy, the proceeds from the sale of which allowed us to start transitioning our fleet to standard boats. We also want to recognize Jim Offield and the Offield Family Foundation, who in 2014 donated funds to purchase our new 22ft Zodiac RIB, which has greatly improved the safety of sailing in Harbor Springs, as well as expanded the capabilities of LTS.
The list of FY 2015 donors is below; we thank them wholeheartedly. Their generosity made our programs possible.