Viola, Canterbury, Felton -  VCF Ruritan

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Ruritan Forever - A Perpetual Life Plan

“Ruritan Forever” is a plan for the payment of dues by members who wish to make a long term investment in Ruritan.The “Ruritan Forever” plan allows a member in good standing to pay $600 and become a life-time participant of the National Organization. Ruritan National will invest these prepayments in a special managed fund, transferring the dues quarterly to the business office of Ruritan National. Even after the life participant dies, dues will be transferred quarterly to Ruritan National, thus offering a perpetual memorial to the organization on behalf of the deceased Ruritan. A “Ruritan Forever” endowment may be purchased by a member in good standing, or may be purchased for a member in good standing. A Ruritan Forever endowment may be purchased to honor a nonmember provided they are brought into a club as an Associate Member at the same time. In this case the Associate Member’s dues would be covered by the $600 endowment. The lifetime endowment may also be purchased in memory of an already deceased Ruritan, ensuring an ongoing contribution to the operation of Ruritan in his or her name. Dues for a living participant must be current through the previous quarter to participate. The Plan Manager, at Ruritan National, will administer these prepaid dues in a separate fund with the original amount remaining in perpetuity. Interest on the fund will provide the money paid to Ruritan National for dues. A “Ruritan Forever” Committee will oversee the fund.Upon payment of the fee, the Ruritan will receive a certificate, a permanent life participant card and a pin. For endowments purchased for a deceased member a special plaque will be provided for the club to present to the deceased member’s family.Dues increases will have no effect on participants enrolled in the plan, although the purchase price of $600 for new enrollees may be adjusted over the years as necessary. There will be no special assessments or charges made to Ruritan Forever participants.

updated 07/15/2008 - jody