2021 Winners Hosted by the Windlasses
On September 14, 1976, John M. Bankston executed a Deed of Gift and Trust Agreement providing a perpetual trophy known as the Bankston Trophy. It was to perpetuate an annual Championship Regatta for FWSA Member Clubs in a three-person, one-design yacht to promote women's sailing. It was challenging to find suitable one-design boats for a few years, resulting in a cancellation of the regatta. FWSA amended the Amendment to the Deed of Gift and Trust and was executed on January 27, 1993, providing that: "Should it become impractical to hold an event in a three-person boat, any suitable one-design class of sailboat may be used."
In the recent past, Spinnaker and Non-Spinnaker teams have competed. The Bankston Trophy has been awarded to the team in the Spinnaker division. In 2005, the Board of Directors voted to add a new trophy donated by the FWSA to the Non-Spinnaker division's winning team. Additionally, in 2021 a Rookie team trophy was awarded with a perpetual trophy added in 2022.