Board members commit to paying board dues annually in an amount dependent on their age:
- Young Professional Board Member (younger than 40): $1250 annually
- Board Member (40+): $2500 annually
Each chapter can identify which process works best for them, but below are our recommendations on how a board member could pay their dues.
1) A check made out to the chapter
2) An ACH/Zelle payment to the chapter bank account
3) A donation submitted on the donation website (this has a corresponding fee).
A few alternatives to paying Board dues are through
4) A stock donation (see this article for more information)
5) A Charitable Account donation
Lastly, the following options can be considered, and should be approved by the Board, if they are necessary to ensure a Board member can fulfill their fiduciary responsibility.
- Fundraising
- Sponsorship
- Payment Plan
- In-kind donations