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2018 Annual Report PRESERVING OUR PAST, SAFEGUARDING OUR FUTURE TM

May 1, 2019 Dear Friends of the NYYC Foundation: I am pleased to enclose the 2018 Annual Report of the New York Yacht Club Foundation, detailing some of its activities over the past year. The New York Yacht Club has played an integral role in the social and yachting fabric of our nation for the last 175 years, demonstrating time and again that we value both history and tradition. Eleven years ago, the New York Yacht Club Foundation was established as a tax-exempt charity to provide financial support for the historic preservation of our landmark clubhouses in New York and Newport. These magnificent and treasured buildings are central to the Club’s history and heritage. We are proud to report that the Foundation, which operates as a §501(c)3 public charity, has won support over the years wit donors, contributing over $4.6 million in support of numerous preservation projects at both clubhouses. Our thanks go out to the many members who have contributed to these and on-going projects. 2019 marks the New York Yacht Club’s 175th Anniversary and to commemorate this important milestone, the Foundation has established the 175th Society, an important initiative designed to encourage broad participation across the NYYC membership. Joining the 175th Society is easy. Simply make a donation of $175 or more to the Foundation in 2019 and you will receive a handsome 175th Society pin identifying you as a member. Members will be eligible for exciting new benefits that include an exclusive member event during the summer at Harbour Court. There are many important projects still to be done at both clubhouses, some of which are known today and others which will emerge in the years to come. Each of us has a special opportunity to preserve our past as we safeguard our future by supporting the New York Yacht Club Foundation. Please visit the website at www.nyycfoundation.org for full details about the Foundation, its past and future projects, and complete information about how your donation can help. Thank you for joining us in this most worthy and important endeavor.

William Mathews “Matt” Brooks, Chair New York Yacht Club Foundation 2 | www.nyycfoundation.org www.nyycfoundation.org | 3 TM

The 175th Society recognizes all members and HISTORY & TRADITION non-members who give $175 or more to the Foundation in 2019 the year of the Club’s 175th In October 1897, Commodore J. Pierpont Morgan began a tradition of anniversary. philanthropy at New York Yacht Club by donating the property on which the 44th Street Club House was built. Today, the club house is on the In recognition of the Club’s leadership in yachting, innovation and National Register of Historic Places. Designed by Whitney Warren and commitment to preserving the Club’s historic buildings, silver and Charles D. Wetmore, the building is considered one of the preeminent artwork, each donor will receive a 175th Society pin. A list of appreciation – examples of Beaux-Arts architecture in the world. acknowledging all donors, will be published in the Club newsletter and in Maintenance of this historic club house requires the Foundation’s 2019 Annual Report. long-term planning and significant financial support. Members may give throughout 2019 to qualify. Join the175th Society by Donations to the New York Yacht Club Foundation donating on the New York Yacht Club’s home page and clicking on the 175th ensure the necessary work can be done to preserve the Society banner or using the Foundation’s postage free, remittance card and building façade and restore magnificent rooms like the envelope included in this mailing, and also available at both club houses. Model Room. Nearly 100 years later, a small group of foresighted Club members led the planning and acquisition of Harbour Court. Formerly the Brown family residence, Harbour Court was designed by Boston-based Cram, Goodhue and Ferguson. The Renaissance Norman-style mansion was completed in 1906, with grounds designed by Olmsted Brothers. Harbour Court is considered of one of Newport’s great early twentieth-century houses. In 2016, the New York Yacht Club received the prestigious Doris Duke Historic Preservation Award from the Newport Restoration Foundation and the City of Newport for the façade restoration, which would have not been possible without the support of the New York Yacht Club Foundation toward the over $1 million cost of the multi-year project. The New York Yacht Club Foundation was founded in 2008 as a public charity to continue this tradition of philanthropic support for the New York Yacht Club’s clubhouses through donations and bequests from donors.

44Th Street Club House Model Room

4 | www.nyycfoundation.org www.nyycfoundation.org | 5 MODEL ROOM FLOOR RESTORATION HARBOUR COURT RESTORATION EARNS PRESERVATION AWARD After more than a century of faithful service, the entire Model Room floor was replaced in the summer of 2018. The project required the careful removal A half-decade of dedicated work on the exterior of the 110-year-old Harbour of all the model cases, and protecting all the half models on the walls. Years Court not only drew the admiration of members, but that of the Newport of planning and scheduling minimized the impact to members’ enjoyment of Restoration Foundation, which honored Harbour Court as one of three 2016 the Model Room. The House Committee, working with the Model Committee winners of the Doris Duke Preservation Awards. and the 44th Street staff, kept the project on time and on budget. The award is administered jointly by the NRF and the City of Newport and is The support of the Foundation was crucial to supporting this significant intended to “encourage and acknowledge renovation and restoration projects capital project, one that lies at the very heart of the New York Yacht Club’s that take particular care to preserve intact the historical character, fabric, and history and tradition. distinguishing features of buildings of all types and historical periods.” Foundation support of this project allowed the Club to meticulously recreate and match the original stucco surfaces of the historic Brown family home. The Newport Restoration Foundation also cited the the renovated terrace flooring’s identical Moravian tiles as a factor in their decision.

6 | www.nyycfoundation.org www.nyycfoundation.org | 7 Hennery Before Hennery (left) and Icehouse (right) After

HENNERY AND ICEHOUSE

The Hennery and Icehouse structures were 100 years old, among Harbour Court’s original estate outbuildings. The buildings were in disrepair and in especially bad structural condition. Because of their age and significance to the original Brown family home at Harbour Court, the Newport Historic District commission (NHD) needed to be involved in the Club’s restoration plans. In the summer of 2018 the NHD approved the Club’s plans, including the removal and re-building of the Icehouse. Groundbreaking was mid- October. This season at Harbour Court the Hennery building will be used as a staff Icehouse Before locker room and break space, and the Icehouse will be used as a receiving station and for temporary storage. Both projects preserve the historical grounds at Harbour Court while providing much needed additional space for Club operations.

8 | www.nyycfoundation.org www.nyycfoundation.org | 9 2019-2020 OFFICERS AND BOARD MEMBERS

Executive Committee Matt Brooks, Chair and President [email protected] Belinda Shepard, Vice President [email protected] “On this day we called Harry Rein, Treasurer [email protected] Harbour Court home.” Christopher Otorowski, Secretary [email protected] David K. Elwell, Jr. (at large) [email protected] NATALIE BAYARD BROWN Brown family guestbook, 1906 Board Members George A. L. David Robert P. Moran, Jr. Joseph C. Hoopes, Jr. Gary A. Jobson Ralph Heyward Isham Thompson G. Hutton Richard S. Rankin Carol O’Malley

Former Board Members (in alphabetical order)

John G. Brim Walter C. Keenan, IV David S. (“Buck”) Margold Jack R Orben James F. Wilson

MISSION STATEMENT The mission of the New York Yacht Club Foundation is the preservation of the historic clubhouses at 37 West 44th Street in New York City and the equally historic main house and property at Harbour Court in Newport, RI. The preservation of these magnificent and treasured buildings is central to the Club’s history and will be accomplished through a long-term program of qualifying project grants.

10 | www.nyycfoundation.org www.nyycfoundation.org | 11 2018 NEW YORK YACHT CLUB FOUNDATION SUPPORTERS* Hoopes, Joseph Lark, J. Andrew Moran, Ronald Rein, Harry Hopley, George Lee, Bruce Morgan, Charles Rhame, Ellis Anonymous Braun, George Crosby, Pierre Ford, David Houck, David Lehman, John Morris, Robert Rice, Donald Agius, Daniel Bray, W. Weston Cross, L. Jay Ford, Paul Hubbard, G. Kendall Leighton, Charles Morris, Stephen Richardson, Charles Alexander, Rober Bready, Richard Crump, William Foss, Edward Huber, Joseph Levy, Steven Mountain, Katherine Robertson, Elihu Allan, Robb Breeden, Richard Culver, Christopher Foster, Lilibet Huff, William Lew, Jeffrey Munger, Stephen Robertson, William Anderson, A. Chace Brim, John Cummiskey, John Foundation, Hull, Richard Lewis, Daniel Murray, Stephen Robinson, Richard Anderson, Henry Brinegar, Gregg Cummiskey, Peter (Matching Gift) Hume, Anthony Linnartz, John Murrin, Pamela Rockefeller, David Appleton, Kenneth Brooks, William Curtin, John Fowler, Cynthia Huntington, Lawrence Littlejohn, Angus Myles, John Roepers, Alexander Aron, Peter Brown, David Dalessi, William Fragomen, Austin Hutton, G. Thompson Livingston, Gordon Nees, Louis Roldan, Aldo Aron, Robert Brown, Nicholas Daly, Susan Francisco, George Iger, Robert Lloyd, David Neuberth, Jeffrey Rosenblad, Axel Aronson, Edgar Brown, Van David, George Friedrich, Juergen Ingate, Gordon Long, Robert Newhouse, Douglas Rosengren, Harald Askew, Peter Bruno, Lauretta Davies, Sanders Fuller, Glenn Isdale, George Longson, Keith Niemiec, David Rossi, Alberto Atlass, Frank Bruno, Michael de Jong, Maarten Gahagan, Alexis Isham, Ralph Lotz, Philip Noble, William Roth, Douglas Austin, Alexandra Burgess, Eleanor de Zwart, Pieter Gallagher, Matthew Jackson, Barbara Lovelace, Jeffrey Nodelman, Jared Rousmaniere, John Avery, Catherine Burgess, John DeLaCour, Willis Garland, Steven Jaffe, Richard Lucas, George Noonan, Peter Ruberti, Thomas Ayerle, Robert Burton, Bruce Denton, Peter Gent, Benjamin James, Timothy Lyden, J. Basil Norman, George Santelli, James Bacon, Wells Bush, Virginia DeVos, Doug Geraci, Victor Jayson, Patricia Lyons, Martin O’Donnell, Patricia Santry, Arthur Baer, Arthur Bush-Brown, David DeVos, Richard Gewirz, Steven Jayson, William MacEwan, Nigel O’Hanley, Ronald Saypol, David Baker, George Butler, David Dimeo, Bradford Gildea, Virginia Jessop, Richard Madara, Edward Okura, Takashi Schenker, Gregg Baker, Merl Butler, Robert Dockery, Joseph Gilman, J. Paul Jobson, Gary Madden, James Olson, Nels Schlinkert, Leo Balloch, Hugh Butt, Charles Dolman, Edward Glenn, Lawrence Johnson, Dudley Madden, John Olsson, Carl Schmetterer, Robert Bandur, Stanley Buttner, W. Murray Donofrio, Paul Gochberg, Leatrice Johnstone, Robert Manischewitz, Sheila O’Malley, Carol Schoonmaker, James Barker, James Buzbee, John Doolan, Dwight Goldman, Stuart Jones, Harvey Margold, Linda O’Neill, George Schwartz, Robert Barrack, William Cabot, Lewis Douglas, Philip Goodrich, Charles Jones, Whitney Marrinson, Ralph Ordemann, Carl Scotese, Peter Barry, Joseph Caddell, John Downing, Roberta Goodrich, Ernest Kane, Colin Masin, Michael Osborne, Roberta Seip, Tom Bartley, A. Kirke Cadranell, James Drinker, Amy Grace, Robert Kane, T. Gibbs Matthews, Donald Otorowski, Christopher Shepard, Belinda Beckhorn, Duane Cameron, Dort du Moulin, Richard Grant, Kevin Keenan, Burt McAllister, Brian Paige, Scott Shriner, James Beeman, John Campia, Karin du Pont, Augustus Greenway, James Kelley, David McColloch, John Palm, Ronald Siebel, Thomas Belk, Carl Cannon, Connell du Pont, Henry Grimes, Paul Kellogg, Peter McColough, Ian Paolino, Joseph Silberman, Fredric Benedetto, Peter Carlson, Gustav Dubey, Gerald Griswold, Nina Kenner, Jeffrey McCurdy, Sheila Pardi, J. Darryl Silverstein, Larry Benet, Jay Carrick, Gerald Duffy, Heidi Groobey, J. Christopher Kerr, James McGranahan, Devin Parker, Anthony Simmons, Hardwick Benfield, Daniel Chadwick, Stephen Ecklund, Jeff Guernsey, David Ketcham, William McInnis, Steven Paul, Douglas Sloan, Stephen Benjamin, Robbie Chapin, Charles Eisenberg, Howard Gumpert, Richard Keyworth, Timothy McIvor, Michael Pearson, Andrew Smalley, David Benjamin, Stephen Chrisman, Lee Elliott, Alick Hadley, Deborah King, William McKeige, Douglas Penske, Roger Smith, David Benrud, Burton Codman, Jane Ellman, Mark Hamilton, Ferris Kinney, Benjamin McLean, James Perry, Raymond Smith, Philip Benzak, Christopher Colburn, Kenneth Elwell, David Hamilton, S. Matthews Kipp, Donald McLennan, Juliette Peterson, Jeffrey Smullen, Brian Berardi, Alexander Cole, Jerry Enright, William Hammond, Andrea Kitchings, Chester McLennan, Stephanie Pettibone, Peter Snider, Eliot Bergson, Stephen Coleman, D. Jackson Ernst, Richard Harder, Torrence Kloeblen, Steven Merritt, Henry Philpott, Peter Snyder, F. Eckert Bernhard, Marie Coles, Michael Esposito, Michael Harrell, Neal Koch, Charles Meyer, Peter Pilling, Barbara Snyder, Frank Besheer, Andrew Collins, George Evans, Daniel Harrington, Clare Koch, Paul Middleton, George Pommer, Bryan Snyder, Michael Binch, James Collins, Phyllis Everett, Nicholas Haythe, Thomas Kramer, Christian Migliaccio, Gerald Post, William Sorensen, Arthur Blecher, Steven Concagh, Kevin Fanjul, Jose Heine, Bill Kramer, John Miller, Elizabeth Potts, A. Rives Spain, John Boden, Constantin Constant, Christopher Farmer, Richard Hilf, Moritz Krediet, G. John Miller, Thomas Purdy, Linda Steiner, Donald Bopp, Walter Cook, Stephen Farro, Eugene Hilton, James Krusewski, Robert Miller, William Rabuffo, Jeffrey Steward, Campbell Boss, Bradford Corey, John Fauth, John Hinman, George Kunz, Paul Millet, David Rankin, Richard Stewart, William Boss, Russell Corson, John Fear, Robert Hislop, James Labouisse, Diane Mills, William Raved, Roy Stoesser, Joel Bowler, J. Thomas Costanzo, Donn Fetter, Trevor Hoffmann, Paul Lacaillade, Peter Mitchell, Robert Ream, L. Michael Strong, Samuel Braitmayer, John Council, Ronald Ficker, Barbara Hogg, James Lahrkamp, Markus Moffitt, Johanna Records, George Sutter, Martin Brauer, Henry Crane, P. Leslie Fleishman, H Douglas Hokin, Richard Lane, G. F. Moore, Edward Reggio, Sarah Swyer, Edward Brauer, Stephen Crawford, Harden Flynn, John Hood, Thomas Lange, Christoph Moran, Robert Rehkopf, Frederick Szot, Walter *Partial List 12 | www.nyycfoundation.org www.nyycfoundation.org | 13 2018 NEW YORK YACHT CLUB FOUNDATION SUPPORTERS* (Continued)

Taylor, Richard Vincent, Robert Wilson, Peter Thiele, William Wakeman, Samuel Winkelman, Mark Thom, Christopher Walker, Christopher Winterer, Victoria Thommen, John Walker, Edward Wiseman, Michael Thornton, Peter Walker, George Wolfe, Stephen Townsend, Charles Walsh, Jason Woodruff, Jay Townsend, Stuart Warriner, Samuel Woods, Stuart Towse, Robert Watkins, John Wright, Robert Trilling, Barbara Weaver, Thomas Wurts, Benjamin Trotman, Stanley Webb, David Wylie, Elizabeth Tucker, Sallie Webb, Richard Young, Patricia Turner, R. E. Weiner, Charles Zabetakis, Paul Tyson, W. Randall Wells, David Zeigler, H. Conway Uematsu, Makoto Westerfield, William Zucker, Donald Urstadt, J. Jeffrey Wharton, Bernard Valentine, Andrew Whipple, Ralph *Partial List Van Liew, Alfred White, William Van Metre, Albert White, William Vernon, William Williams, Robert Wilson, James

DONATIONS ARE TAX EXEMPT

Gifts to the Foundation qualify for the highest income tax deduction permitted under Federal and New York State law; gifts and bequests are also exempt from gift, estate and inheritance taxes. Gifts to the Foundation from private foundations are qualified distributions not subject to excise tax, and the Foundation is also a qualified transferee for assets of private foundations on their termination.

Copies of the documents which bear on The New York Yacht Club Foundation’s tax exemption are found online at www.nyycfoundation.org, or contact the Foundation at:

New York Yacht Club Foundation 37 West 44th Street New York, NY 10036

Controller’s Office: 212-382-1000 ext. 357 [email protected]

Harbour Court Formal Garden

14 | www.nyycfoundation.org www.nyycfoundation.org | 15 WHERE THE MONEY WAS SPENT 2008 – 2018 Total spent: $4,654,952 Includes Authorized 2019 Foundation Grants

Sailors Terrace Carriage House Windows $172,000 $108,854

Façade - Parapet $200,000

Greenhouse Renovation Façade Renovation $200,000 $1,311,171 Formal Terrace $266,000

Fish Pond, Formal Gardens, Boat House Restoration $272,645

Icehouse, Hennery $305,450

HVAC Roof & Window $772,750 Replacement $370,757

Carriage House Windows FormalModel Terrace Room Floor Model Room Floor $675,326 Sailors Terrace HVAC Icehouse, Hennery Façade - Parapet Façade Renovation Roof & Window Replacement Greenhouse Renovation Harbour Court: 44th Street: Greenhouse Renovation Facade – Parapet

Sailors Terrace Roof & Window Replacement Facade Renovation HVAC Formal Terrace Model Room Floor Carriage House Windows

Fish Pond, Formal Gardens, Boat House Renovation Icehouse, Hennery

16 | www.nyycfoundation.org www.nyycfoundation.org | 17 Founded in 2008, the New York Yacht Club Foundation has contributed VISIT www.nyycfoundation.org to make a contribution today and learn over $4.6 million to fund much needed capital restoration and more about the historic buildings of the New York Yacht Club. Your preservation projects in both New York and Newport. support is crucial in preserving our past and safeguarding our future.

Looking ahead to the next 10 years, there is still much more to be done to ensure the club houses are preserved for generations to come. The care and maintenance of these historic buildings require constant attention and are in part, made possible, with the significant support of the New York Yacht Club Foundation. There are many ways to contribute to the Foundation. Donations can be made in cash via wire transfer, securities, appreciated property, planned giving, annual pledge, and employer matching gifts. The Foundation will consider donations-in-kind on a case by case basis. For questions on how to support the Foundation please call the Treasurer’s Office at 212-382-1000 ext. 357, or email [email protected].

Notice Private and Confidential This publication is provided annually to New York Yacht Club members and other supporters of the New York Yacht Club Foundation for their exclusive, private and non-commercial use and the contents therein remain the property of the New York Yacht Club Foundation. Users are requested The Tiffany stained glass skylight in the Model Room. to respect the privacy and guard the integrity and information provided here. This publication may not be provided to others or reproduced without the written permission of the Secretary. Please destroy, or return to the Secretary’s Office when no longer needed. Under no circumstances may this publication be offered for sale or commercial use.

Copyright © 2019 New York Yacht Club Foundation. All rights Reserved 18 | www.nyycfoundation.org www.nyycfoundation.org | 19 37 West 44th Street, New York, NY 10036 212-201-4332 www.nyycfoundationion.org