dhouseholder
Registered User
I was under the impression that endowed memberships were a bad thing for the lodge, since the amount the lodge gets back every year is less that it'd receive if the member simply paid his dues and we haven't always even seen returns in the past. I'm just going off my experience from here in Texas though.
I would say that in the short (immediate) term, it is bad for lodges, especially considering the current "economic downturn" this country has faced. However, in the long term, it is actually quite fantastic and should keep some lodges afloat well into the future, especially given the declining memberships.
Example: We just had an endowed brother pass away (R.I.P), and obviously, we will no longer be receiving dues from him; but his endowment will continue to pay dividends in perpetuity.
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