The money will go towards the restoration of the former ticket office and boatshed at the Frankton marina.
The renovated boatshed will have storage lockers and an area for building dinghies as well as barbecue and picnic facilities.
The ticket office will house a cafe and local maritime heritage displays.
"The rich maritime history of Lake Wakatipu will be told for the first time, and will be easily accessible to the whole community," Wakatipu Community Maritime Preservation Society marketing co-ordinator Jo Smith said.
The trust has made grants totalling $2.7 million in the first quarter of 2010.
"It is vitally important that the trust maintains its support to community and charitable organisations that do such great work.
"The level of grants during the past quarter clearly reflects our commitment to provide a helping hand to local community projects," trust chief executive Paul Allison said.
Other Queenstown organisations to benefit include the Wakatipu Abuse Prevention Network, which received $18,545 towards upgrading its new premises in Ballarat St, and Showbiz Queenstown, which got $15,000 for this year's show, Oliver!.
Grants approved by the Central Lakes Trust January-March 2010
Dare Alexandra $6000
Alexandra Child Care Centre $2000
Showbiz Queenstown $15,000
Catholic Social Services Central Otago $20,000
Parents Inc $1500
Destination Queenstown $20,000
Schizophrenia Fellowship Central Otago $16,300
Southern Lakes Arts Festival Trust $70,000
Brain Injury Association Otago $9150
Living Options Charitable Trust $255,000
Wakatipu Community Maritime Preservation Society 200,000
Epilepsy Association Otago $7000
The Terrace School $30,000
Wanaka Community Toy Library $ 2262
Wakatipu Abuse Prevention Network $18,545
Lake Hawea Community Centre $700,000
Central Otago Budgeting Service $20,000
Henderson Arts Trust $100,000
Dunstan Anglican Parish $35,000
Cromwell Youth Worker Trust $30,000
Queenstown Life Trust $40,000
Alexandra Community House Trust $1,000,000
Kahu Youth Trust $40,000
Teviot Valley Community Christian Trust $25,000
Alexandra Community Youth Trust $30,000
Alexandra Combined Churches Youth Trust $40,000
