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--- finance_and_dues [2025/01/21 03:31] – created admin
+++ finance_and_dues [2025/03/06 22:02] (current) – Revise for Dues Increase proposal dated 29-Aug-2024 admin
@@ Line 11: / Line 11: @@
 ===== 12.2 Current Dues =====
+In 2024, GSF implemented a dues structure fitting for a global entity based on the economic situation of the country/regions each association is in. It is composed of a system of 5 tiers which is relatively easy to administrate and creates a more just system as follows based on the GDP as published by the World Bank:
-Minimum dues payment from any GSF member association is $600 (i.e., a minimum 40 members at $15 each).
+^Word Bank Tier                ^Discount on Dues Rate                  ^
+|TIER 5 GDP USD 40,001+        | No discount on dues rate              |
+|TIER 4 GDP USD 30,001-40,000K | Discount of 20% on current dues rate  |
+|TIER 3 GDP USD 20,001-30,000  | Discount of 40% on current dues rate  |
+|TIER 2 GDP USD 10,001-20,000  | Discount of 60% on current dues rate  |
+|TIER 1 GDP USD 0-10,000       | Discount of 80% on current dues rate  |
-Dues are set at $15 USD annually per member of each GSF full member association beginning January 1, 2006.  In 2013 the dues structure was adjusted recognizing reduced fees for those associations with membership over 1,000 members and is shown below:
+The GDP tier for each association is to be evaluated every three years by the PLT and associations will be informed by the CEO of the tier they are billed on from the next year forward.
+The minimum dues payment from any GSF member association is the minimum 40 members times their tiered dues rate.
+Dues are set at $16 USD annually per member of each GSF full member association beginning January 1, 2025.  In 2013 the dues structure was adjusted recognizing reduced fees for those associations with membership over 1,000 members and is shown below:
 ^Members	^Annual Fee Per Member^
-|40 – 999	|$15.00 (no change)   |
+|40 – 999	|$16.00 (no change)   |
-|1,000 – 1,499	|$14.00               |
+|1,000 – 1,499	|$15.00               |
-|1,500 – 1,999	|$13.00               |
+|1,500 – 1,999	|$14.00               |
-|2,000 – 2,499	|$12.00               |
+|2,000 – 2,499	|$13.00               |
-|2,500 -  2,999	|$11.00               |
+|2,500 -  2,999	|$12.00               |
 |Over 3,000	|Flat fee of $30,000  |
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 The GSF may hold a credit card to be used solely for GSF-related purchases with a starting credit limit of USD $12,000. No balances will be carried on the card and the GSF Executive Director is the authorized user of the card. [July 2008]
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