The James D. Bishop perpetual trophy has been donated to the Storm Trysail Foundation by the Ulmer family, in honor of Jim Bishop and his magnanimous contributions to Storm Trysail and the sport of sailing. The trophy shall be awarded to the winning team in the match racing event at the Storm Trysail Intercollegiate Offshore Regatta. If at some time in the future, there is no such event, the Foundation can repurpose the trophy for a similar award encouraging young sailors to become proficient blue water sailors. The trophy shall reside permanently with the Foundation, with added recognition of each winner who shall be given a suitable keeper trophy.

2012 – US Naval Academy
2013 – Not Awarded
2014 – Adam Loory
2016 – Commodore Charles Ulmer
2017 – Gold Digger/ Maine Maritime
2018 – Maxine / U.S. Naval Academy
2019 – Maxine / U.S. Naval Academy