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STC Board approves new community funding model

from STC

After reviewing the results of a knowledge-based governance survey sent to all Society members, the STC Board of Directors voted to approve a new community-funding model described as a "Partial Pass-Through." Under this model, STC communities will receive funding based strictly on the number of members in a chapter or SIG. During the budgeting process, all communities will receive a fixed amount of funding per member — $15 per chapter member and $4 per SIG member — regardless of projected expenses and income, or estimated reserves at year end. All funding under the newly adopted model will be contingent upon a budget submission by the 31 October deadline and will take effect for the 2013 membership year. more

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