What is the UBC 1871 Foundation?
The UBC 1871 Foundation is a 501 (c) (3) nonprofit corporation charged with maintaining the structure and exterior of The University Barge Club, a part of the Boathouse Row National Historic District. A separate organization, The UBC 1871 Foundation funds its historic preservation projects with tax deductible donations from the University Barge Club, its members and the community of historic preservation supporters.
Why was the Foundation created?
- Maintaining large historic structures is extremely expensive and requires philanthropic dollars as part of the revenue model.
- Its tax-exempt status entitles donors to make tax-deductible gifts to the Foundation.
- It qualifies “matching gift” companies to augment employee donations on a tax-deductible basis.
- And it allows the Foundation to pursue gift and grants from outside sources.
What is the relationship between the Foundation and the Barge Club?
The Foundation owns the University Barge Club building and is responsible for maintaining the structure and exterior of the building.
The Barge Club leases the building from the Foundation and is responsible for maintaining the equipment, interior improvements and contents of the building.
The Foundation envisions preserving and enhancing the home of University Barge Club so that current and future generations will continue to enjoy the tangible and intangible benefits of membership:
• Acting as proud and responsible stewards now will foster these benefits and sustain the Club into the future.
To maintain the structure and exterior of the building as part of a National Historic District, Boathouse Row.
The goal of the Foundation is to secure the necessary support to accomplish the repairs and preventive maintenance necessary for the building to flourish and comfortably house all of the activities we envision.