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Prominent sailor makes $500,000 donation

Bill Koch has offered a $500,000 challenge grant to the National Sailing Center & Hall of Fame as it launches the 2011 Capital Campaign.

Koch, a prominent American businessman, America's Cup winner and avid competitive sailor, joins Ted Turner, Dennis Conner, Paul Cayard, Gil Grosvenor, Morgan Freeman and other leaders in the sailing community on the Honorary Advisory Board.

"We are thrilled to have Bill's support and leadership as we enter into a very exciting year for the hall of fame," said Richard Franyo, president of the National Sailing Center & Hall of Fame, in a statement. "His leadership and support couldn't be better timed for us and will be a major boost as we continue our educational activities at the sailing center, as well as launch our capital campaign."

The Annapolis, Md.-based Hall of Fame will induct its first class this year.