History of CMAF Yacht Donation Program
What is the California Maritime Academy Foundation (CMAF)?
California Maritime Academy Foundation (CMAF) is the philanthropic arm of Cal Maritime. Its mission is to support the mission, vision, and priorities of Cal Maritime Academy.
CMAF’s function is to solicit, manage and distribute charitable contributions for the benefit of the Academy. The Foundation is a charitable organization as defined by Section 501(c)(3) of the federal tax code. Charitable gifts made to 501(c)(3) organizations are tax deductible as allowed by law. CMAF is the only Cal Maritime entity that is permitted to provide a receipt for the tax deduction.
The Foundation houses and supports the Alumni Association and manages the Endowment. The Vice President for University Advancement serves as the Executive Director of the Foundation.
For more information about CMAF, please visit this page.
About the Yacht Donation Program
The California Maritime Academy Foundation was founded in 1972 as a 501(c)(3) nonprofit corporation, so that through its tax-free status, it could acquire the famous sailing yacht – Baruna, a 72 foot yawl built by Sparkman and Stephens, for the 1938 Bermuda Yacht race. The Baruna was later sold for a profit, creating Cal Maritime’s yacht donation program.
For 50 years, CMAF has supported the Cal Maritime Academy with donations large and small. Your yacht donation will further this proven program of giving.
The Foundation accepts charitable donations of sail and motor yachts both for use and sale. Yachts are accepted for the immediate use of the Cal Maritime sailing team and/or the instructional programs.
Yachts are also made available to the public on a lease with option to purchase program. Monthly lease income goes directly to the Foundation as does the revenue when yachts are sold.
Funds generated by the yacht donation program underwrite a portion of the cadet large boat sailing program, scholarships, and other campus needs.