I'm very familiar with JO events, I've been helping run one of them for the past 3 years (ours also rotates, and gets more like 300 kids).
Never breached the subject locally, mainly because we don't have youths sailing cats in the cat clubs, never mind the YCs.
I just assumed that JO would need to align with the USSA Olympic program, and was hopeful that this was a sign of good things to come.
BTW, scholarship money? That's REALLY cool, but I'm pretty sure that there's a rule saying that they can't race in college if they've received money based on sailing.
Mike