Annual Fund FAQ's

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What is the Annual Fund Campaign?

The Annual Fund Campaign was implemented by the PSA Board of Directors in the Fall of 1999 to supplement the operating funds of the PSA and as a way to raise funds for special projects at Philmont.

Why do we need an Annual Fund Campaign? I thought that my annual dues covered the cost of my membership.

In reality, the true cost of a membership is about $35 in order to cover our operating costs. Please know that this figure has been steadily dropping as we realize the economies of scale of our increased membership numbers.

What is the goal of the 2005 Annual Fund Campaign?

The Board of Directors of the PSA has set a goal of $70,000 for the 2005 Annual Fund Campaign.

What about life membership dues? Are these dues not set aside to cover the annual cost to service the Life Members?

Yes, life membership dues are set aside in a restricted account and only the interest is utilized to cover operating expenses. However, a life membership would need to cost over $1,000 in order to return the $35 per year that is needed to service that membership. On top of that, many life members joined at a time when the cost of a life membership was between $100 and $295.

Why not just raise our Annual Dues?

The Board of Directors have discussed this possibility. In fact, annual dues were raised in late 1999 from $15 to $25 per year. The Board feels that a further raise would prohibit some, if not many, of our members from joining or renewing their membership in the PSA.

Are donations to the Annual Fund tax deductible?

Your contributions are tax deductible as charitable donations to the fullest extent allowed by law. The Philmont Staff Association is recognized as a Section 501(c)(3) charitable organization by the IRS.

How can I help?

We do ask those that can to please donate to the Annual Fund in order to ensure the on-going efforts of the PSA.

For more information, contact Joe Leisz, VP/Development or John Nichols, Treasurer.