The best part of a regatta (after the actual sailing, of course) is getting and giving out trophies. When choosing your trophies, make sure they are made of recycled or reclaimed wood, metal, glass or other materials. Most companies will offer this option. Another possibility is to enlist a local artist (perhaps a member of your club or organization) to design and create your regatta trophies out of recycled or reclaimed materials.
Some regattas we have worked with give out practical items, like sail bags, as trophies.