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BACKGROUND
The Trust was established by Don St Clair Brown and Sir Tom Clark in 1988 by arranging the
amalgamation of the financial resources of three existing organisations, each of which had
similar objectives but was severely restricted by insufficient funding from achieving those
objectives. Those organisations were The New Zealand International Yacht Racing Trust (established with the
residual funds from the Whitbread Round the World Race campaigns of Ceramco
New Zealand and Lion New Zealand), the New Zealand Yachting Federation Challenge Foundation
Inc and the Foundation of Offshore Yacht Racing New Zealand Inc.
Don and Sir Tom were both very prominent New Zealand yachtsmen, with outstanding
records of success both in yachting competition and in assisting and supporting other
sailors and yachting campaigns.
They gathered around them as additional trustees several other people well known in
sailing and founded The New Zealand International Yacht Racing Trust, with Admiral Sir Gordon Tait
KCB, DSC as its first chairman. Amalgamation of the three funds resulted in a more meaningful
capital fund and greater efficiencies.
The Trust is not allied to, or affiliated with, any other organisation. It acts independently
in endeavouring to encourage the development of top level sailing skills amongst New Zealand's amateur
sailors, both in the international centreboard classes and in offshore keelboat
racing (other than professional events, such as the America's Cup, the Volvo Ocean Race and international match racing circuits.).
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