One of the topics we spent time on at A&F this weekend was dues.

I wanted to get out ahead of the minutes to highlight a few things:

• Nothing has been decided or set into stone
• There are many aspects related to dues (including life membership and diamond club) that need to be evaluated
• We discussed how a monthly payment plan for dues (and dues only) might be possible
• The Revenue Sub-committee of A&F will be working on the alchemy of what a framework looks like
• Diane has built an excellent modelling tool for us to use to change various factors and forecasts to see how adjusting levers affects net revenue over the next 10 years
• We will be meeting ASAP to begin the deep dive on fine tuning the model, taking into account certain member needs (age/fixed income/digital only)
• The member survey results will be tabulated the first week of June to be taken into consideration and integrated into where the model has evolved to
• Note: I will release the tabulated results to the entire board for your information
• A&F will need to meet prior to the July meeting to debate and further tune and agree to a final framework
• A&F Chair will hold a pre-July board Zoom call to discuss the dues increase model
• A&F will produce a final motion at their July meeting
• The board will need to ratify the A&F motion at the July board meeting for a 1/1/24 implementation

As part of the ongoing communication with members on the subject, I attach my June column for your preview.

Thanks

David