1. Grants may be provided for an applicant’s training for and participation in the Olympic Games when, in the opinion of the Competition Fund Committee, the applicant has demonstrated a realistic chance to qualify for the Olympic Games [...]
2. Grants may be provided for an applicant’s participation in an inter-club invitational event that is nationally recognized. The applicant must be representing a recognized yacht club and it is strongly preferred (but not required) that the yacht club represented pays the entry fee for the event [...]
3. Grants may be provided for “ranked” applicants under the age of 35, participation in a match race event that is ranked as Grade 2 or better that is internationally recognized [...]
4. Grants may be provided for applicants under the age of 19, participation in a national, continental, or world championship event in a single or double-handed class. However, in this category only, the applicant must establish financial need to the satisfaction of the CFC.
For all the above categories, the applicant must have substantial contact to the Chicago area. Examples of such substantial contact include living in the Chicago area, being a past participant in a Chicago area youth sailing program, or membership in a Chicago area yacht club.