SHC is not funded by any individual or organisation. All activities are voluntary and at costs. EO usually report losing money despite putting in time, effort and costs
We can carry on as we have done for the last 15 years.
A common question which members asked is how much do we have under the pillow. My answer is Zero.
At the recent feedback on finding a successor, we had some suggestions to raise funds. We had not considered because many members felt we should remain status quo because of legal concerns and how to go about. I am not in favour of fees and subscriptions. I think that collecting fees is a debate itself as members have expressed strongly they benefit differently from SHC besides the legalities, so fees or subscriptions is an unfair concept.
But we should still explore how we can fund ourselves. Besides the operational costs, we should now look forward the next 5-10 years how to manage new seniors expectations eg how to handle major events, membership drives without running losses.
If we have a fund, we can see ourselves operating as a voluntary social club for the next 5 or even 10 years. This will enable the Club successor and the Admin committee to run SHC, within rules set.
To start the process, I like to initiate 2 brainstorms sessions. Members get to voice your opinion and suggestion.
Session 1 – What are the big ticket activities or ideas, you, as a member, expect or hope to see within the next 5-10 years. Date next Sat/Sun.
Session 2 – We should then determine a budget as our aim for a fund. Here, we brainstorm how can go about setting a fund.
Both sessions are recorded, for members update.
You can also participate in this topic in SilverHairsClub.com forum.