The 2016 World Championships Fund was endowed in 2018 with $1 million in proceeds from The Skating Club of Boston hosting the 2016 ISU World Figure Skating Championships at TD Garden. The Fund was begun with the intention of supporting skaters who actively compete in U.S. Figure Skating qualifying competitions, and who represent the Club. At the time the funds for the endowment were approved, the Club Board adopted the following resolution:
Grants may be awarded to support and develop ice skaters training to compete at the regional, sectional, national and international levels in pursuit of competing at national and international competitions; and in addition, grant recipients must be members of the Club for one year before eligibility. Membership dues may be included in the grant award for those recipients who are unable to afford them.
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The Skating Club of Boston is recognized as a non-profit organization under section 501(c)(3) of the Internal Revenue Code. Donations to The Skating Club of Boston are tax deductible to the full extent of the law.