[23022] in APO-L
Re: [APO-L] It's all 'bout Da MONAY!!!!
daemon@ATHENA.MIT.EDU (Ellen d Kranzer)
Thu Oct 24 21:28:30 2002
Date: Thu, 24 Oct 2002 21:28:26 -0400
Reply-To: Ellen d Kranzer <ccrazy@THEWORLD.COM>
From: Ellen d Kranzer <ccrazy@THEWORLD.COM>
To: APO-L@LISTSERV.IUPUI.EDU
"Vehlow, Richard" <Richard.Vehlow@OGS.STATE.NY.US> writes:
>If I had known that there were proposals to alter fees, I would've suggested
>this: a one-time option on initiation for an active to become a life member
>for $40. Let's do the math: There's what- 30,000 life members or so? Out of
>a fraterinty pushing 300,000, and almost half of which were initiated after
>1980, which may be when Life membership was activated, i think? If 20% of
>initiates sign up for life membership each year- 2/3 at $50 and 1/3 at $100,
>and under this proposal, over half would opt to sign up at $40 with 10%
>doing it later on at $50 and 10% at $100, let's work this out:
>
>Based on 1/2 of the approximate AAMD of 15000 annually: (7500 pledges):
>
>.50x7500x$40 + .10x7500x$50 + .10x7500x$100 = $150,000 + $37,500 + $75,000
>=$262,500 annually
>
>vs.
>
>.20 x 7500 x (2/3x$50 + 1/3x$100) = .20x7500x$67= $100,500.
>
>An approximate projected gross gain of $162,000 annually for life
>membership.
I haven't really looked at the rest of your analysis, but I'm afraid
you've grossly over estimated the number of brothers who become life
members. .20 x 7500 = 1500. The actually number of new life members
last year was around 550.
Y.I.S.
Ellen Kranzer
Region I Director
ccrazy@theworld.com
