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The Fraternity Board approved a new finance arrangement to begin next fall, IF it is approved by the Grand Chapter at the the Convention.
Chapter fee of $1850, initiation fee of $350, pledge pin & book charge of $10. The initiation fee is paid directly to the Grand Chapter, and nobody get initiated without it being paid in advance. The fee pays for the badge & certificate.
That should substantally solve our collection and our database problem, and the active chapters will be able to budget without knowing how many pledges they will have, since the pledges are a wash.
TK
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