SCYC PRESERVATION FOUNDATION INC

THE PURPOSE OF THE SCYC PRESERVATION FOUNDATION (THE "FOUNDATION") IS TO RAISE FUNDS TO SUPPORT THE MAINTENANCE, RESTORATION AND PRESERVATION OF THE EXTERIOR (AND FUNDAMENTAL INTERIOR SUPPORTING STRUCTURE) OF THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT CLUBHOUSE, SUPPORTING STRUCTURES, IMPROVEMENTS AND WATERFRONT SETTING OF THE SEAWANHAKA CORINTHIAN YACHT CLUB AT 314 YACHT CLUB ROAD, CENTRE ISLAND, NY, FOSTER AWARENESS OF AND APPRECIATION FOR THE WORK OF THEIR ARCHITECTS, BUILDERS AND CRAFTSMEN AND SUPPORT THE WORK AND GOALS OF THE HISTORICAL PRESERVATION IN THE AREA IN WHICH THESE BUILDINGS ARE LOCATED, BY MEANS OF GRANTS, CONTRACTORS AND OTHER MEANS USEFUL TO THE FOUNDATION AND PERMITTED BY LAW.