Use of Club Funds
How can the money in a club's treasury be used?
Most clubs have a treasury in which they keep funds for club use. The Toastmasters program is designed to be supported by members through club dues. Clubs may also raise funds on a limited basis.
The use of club funds is limited to the organization’s purpose, which is educational. They may not be used for social or political purposes, or for the benefit of any individual. Some authorized uses are: purchase of educational/administrative materials for club/member use; payment of meeting place rental, if applicable; and refreshments for club meetings (when approved by the club). Some unauthorized uses are: parties and social gatherings; donation of money to causes or individuals; and scholarships or payment of dues for individuals.
Each club should prepare a budget at the beginning of the year to designate income and expenses. The budget, as well as any unanticipated expenses throughout the year, should be approved by a majority of the club members.
In the event of dissolution of a club, distribution of any funds, after payment of any indebtedness, shall be made either by contribution to the Ralph C. Smedley Memorial Fund, administered by Toastmasters International or by contribution to another Toastmasters club or to a Toastmasters district.