To perpetuate the memory of William Snaith, a Governor of The Storm Trysail Club, author, raconteur, designer, and most competent and enthusiastic ocean racing yachtsman, the Governors of The Storm Trysail Club hereby authorize the creation of a trophy under the following conditions:

The trophy shall be awarded to the recorded designer of the yacht which finishes first on corrected time in the Newport-Bermuda Race or the Annapolis-Newport Race, depending upon the year in which such race is conducted. Since 1987 the trophy is presented to the designer of the yacht winning the St. David's Lighthouse Trophy in the Newport-Bermuda Race only.

The purpose of this trophy is to recognize for the first time the designer of the winning yacht in the two foremost east coast ocean racing events.

1974 - German Frers, Jr.
1975 - Robert E. Derecktor
1976 - Olin J. Stephens II
1977 - Ron Holland
1978 - C. Raymond Hunt
1979 - Sparkman & Stephens
1980 - K. Aage Nielsen
1981 - Doug Peterson
1982 - Sparkman & Stephens
1983 - Sparkman & Stephens
1984 - Sparkman & Stephens
1985 - Joubert/Nivelt
1986 - Joubert/Nivelt
1987 - Bill Lee
1998 - German Frers
2002 - John Reichel
2004 - German Frers
2006 - Dick Carter & Bill Lapworth
2008 - Bill Lapworth
2010 - McCurdy & Rhodes & Scott Kaufman
2012 - McCurdy & Rhodes & Scott Kaufman
2014 - William H. Tripp, Jr.
2015 - McCurdy & Rhodes & Scott Kaufman
2016 - Niels Jeppeson
2018 -William H. Tripp, Jr.
2020 - Bermuda Race Cancelled
2022 - Charles William Lapworth