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Sustaining Masonic Future: Funding Strategies and Budget Overview

Explore the financial challenges faced by the Masonic community in Virginia, comparing data from 1970 to 2010, current expenditure breakdown, strategies to contain costs, increase revenue, and the proposed $10 per capita increase. Learn about efforts to maintain existing programs, update technology, and ensure financial stability.

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Sustaining Masonic Future: Funding Strategies and Budget Overview

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  1. Funding the Future RW Matthew T. Szramoski Chairman, Committee on Finance

  2. What is our problem? M & M’s

  3. Comparing 1970 and 2010 1970 • Population of Virginia was 4,648,494 • Number of Masons 71,057 • Per capita was $3.50 • Potential net of $248,699, adjusted for inflation $1,373,716.20 2010 • Population of Virginia is 7,882,590 • Number of Masons 39,243 • Per capita is $23.00 • Expected 2010 per capita income (including LMIP’s) is $760,000 • If membership trends had not changed, membership would be approximately 100,000 and per capita income would be $2,228,034

  4. What do we pay now? $28.00 per current dues paying member in per capita and assessments $ 3.00 Masonic Home of Virginia $ 1.00 George Washington Masonic Memorial $ .40 Grand Lodge Scholarship Fund $ .20 DeMolay Foundation $ .20 Jobs Daughter Foundation $ .20 Rainbow Foundation $23.00 Grand Lodge Budget

  5. What are we spending the $23.00 on? • Grand Secretary’s Office /Grand Lodge Administration 36% • Grand Master/Grand Lodge Officers 14% • Grand Annual Communication 12% • General Support 8% • Ritual & Educational Programs 7% • Masonic Herald 6% • Building Operations 6.5% • DDGM’s 2% • Public Relations 1.5% • Masonic Recognition/Charity 1% • Misc. 7%

  6. What are we doing to contain costs and bring in additional revenue? • 95%+ of all Grand Lodge publications are printed in-house • Increased reliance on E-Mail/Internet to reduce postage expenses • Reduction in the number of issues of the Masonic Herald published on an annual basis • Competitive bidding on an annual basis for Grand Lodge service providers (i.e., insurance, maintenance, etc.) • Consolidation of Grand Lodge investments under a single management firm to reduce expenses • Examining ways to create additional revenue streams to lower the dependence on dues for income • Actively promote the Life Membership in Perpetuity program • No new Grand Lodge programs without a revenue source

  7. What have we done in the existing budget? • No new committee funding • Most committees operate with a $0.00 budget • Developed a protocol for attendance at the Grand Annual Communication to minimize expenses • No new funding for Grand Master/Grand Line expenses • Reduction in the number of attendees at DLC’s and other Grand Lodge programs • Reduced costs at the DDGM conference

  8. Why do we need an increase? • Maintain existing programs • Decrease in membership… • Even with an increase… (100 new members = $2,300) • Maintain and update technological capabilities • Continue to provide programs that directly benefit the lodges in Virginia • Reduce the need for special assessments • Ensure the financial stability of the fraternity

  9. What are we asking for in 2010? • $10.00 per capita increase-or .83 cents a month! • Staggered or One-Time Increase? • Please discuss which you would prefer in your counterpart session!

  10. Questions? I will be here until the end of the conference or ask in your counterpart session!

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