The GTYC Foundation is organized for the purposes of receiving and administering funds and property for:
The perpetuation of the memory of members and past members of the Grand Traverse Yacht Club and their families.
The preservation of objects of historical and natural interest, including the Grand Traverse Yacht Club building, property, surrounding properties and its surrounding environment.
Providing educational opportunities to amateur sailors through instruction, training, competition, scholarships, grants and access to the water.
Funding and promoting educational opportunities for amateur sailors through local, regional, national and international competitive, scientific and recreational sailing.