In order to encourage the preservation of fine classic wooden motor yachts, the Board of Directors of the PNW Fleet may from time to time, at Its sole discretion, grant a one-year initial CYA membership to the owner of a vessel that, in the opinion of the Board, faces particularly difficult restoration challenges and who would especially benefit from the support, encouragement, and guidance that membership in CYA could provide.  The Grant comprises the normal CYA initiation fee and one year’s dues, and is paid out of PNW general operating funds. 

Candidates to receive a Membership Grant shall meet the following criteria: 

• Candidate is actively committed to, and involved in, restoring a classic vessel from a noteworthy designer or builder, or one of unusual historic value;
• The expected restoration cost is likely to approach or exceed the market value of the vessel when restored;
• The candidate is not a current CYA member.

Any PNW fleet member may nominate a Grant candidate.  Nominations are to be made in writing to the PNW Board.  Nominations received will be considered and voted upon at the next regular meeting of the PNW Board, or at a later time deemed appropriate by the Board.  It is expected that no more than one Grant will be made in any one PNW fiscal year.