| The Economics of STC Membership: for
Everything Else, There's MasterCard
By Geoff Hart,
ghart@videotron.ca
Previously
published in Tieline, February 2005.
http://www.stc.org/tieline/tie0502/woestendiek.htm#hart
Members often ask what
advantages they receive for their membership dollars. The answer
is so obvious we sometimes fail to see it. With apologies to the
kind souls at MasterCard, a few thoughts on the value of your
STC membership:
Monthly meetings: $100
Meetings are where the
anonymity of a large organization is replaced by the warmth of a
community of kindred spirits. Without for a moment detracting
from that warmth, let’s not ignore the financial benefits. A
typical STC chapter offers free attendance to its members, but
typically charges non-members $5 to $10. (At STC Montreal, we
have recently increased this fee to $10 to cover room-rental
costs.) These costs are actually quite a bargain, as most
professional societies charge considerably more. For example,
the November meeting of the American Society for Quality’s
Montreal chapter asked for $25 from its members, and more for
late registration; other societies charge even higher rates.
Let’s do some simple number
crunching: Since our chapter holds ten meetings per year,
including purely social occasions such as banquets or wine and
cheese parties in the fall, in December, and in the summer, the
savings add up to $100 per year for the stalwarts who attend
each meeting. (There are some of us in every chapter.)
Workshops: $50
But wait, there’s more! Most
chapters that hold day-long workshops or seminars, including STC
Montreal, routinely offer members a discount of around $50
compared with non-member fees. Attend STC’s annual conference
and the savings are even better: $200. But not everyone attends
the annual conference, so let’s just stick with local events
that anyone could attend.
Tax deductions: $70
Let’s not forget our good
friends at Revenue Canada. STC membership fees are generally
deductible from your income tax, particularly for freelancers.
In many jurisdictions including Quebec, STC membership qualifies
as an educational expense. [A look back from 2006: Elsewhere,
you can write off most of the cost as a charitable donation,
since STC is registered as an educational charity in the U.S.
For more information on deducting STC dues from your taxes if
you live in the U.S., see the article, "U.S.
members: deduct your STC dues," which appears every year in
Intercom.—GH]
Tax deductions vary according
to membership category, but let’s look at the case of members
who renew at the classic rate (ca. $200). Revenue Canada lets
you deduct the price of membership. That represents a potential
tax savings of up to $100, depending on your tax bracket.
Membership: priceless!
Let’s total these savings to
satisfy your inner bean counter: $100 in meeting fees, $50 in
workshop fees, and $70 in tax savings, for a grand total of
$220—more than it cost to renew if you take full advantage of
all these membership benefits! (Okay, so maybe I shouldn’t
really quit my day job to work as an accountant.)
Of course, these are just the
membership benefits that make your accountant’s heart sing. None
of this includes the value of STC’s publications (Intercom,
Technical Communication, and SIG and chapter
newsletters), the networking opportunities you obtain from
attending meetings or participating in STC’s communities
(chapters and SIGs), and most important of all, the priceless
opportunity to meet kindred spirits and enjoy their company.
Those are the real benefits of membership to many of us.
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