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What is an initiation fee in golf?

A golf initiation fee is a one-time charge for joining a golf club. Many private country clubs charge initiation fees, although some clubs may waive the fee during special promotions. As of the date of publication, the Golf Membership Spot indicated that initiation fees range from about $1,000 to more than $100,000.

Why do golf clubs have initiation fees?

The fees cover the costs of maintenance, upgrades and staffing for the facilities and allow the club to offer activities and amenities to the members.

What is the initiation fee for Winged Foot Country Club?

Getting a membership isn’t cheap A big one. According to a 2018 Forbes article, the initiation fee is $200,000, although the NY Post reports that the high-end of the initiation fee is $150,000. Either way, that’s a big stack of cash.

What is the initiation fee at Riviera Country Club?

It’s a tightly controlled world of acceptances, rejections and wait lists. Getting in takes big bucks (the top initiation fee, Riviera Country Club’s, is a whopping $250,000) and good words from powerful friends; even Mark Wahlberg needed to make calls to get into Riviera.

Do you get golf initiation fee back?

There is no set standard for initiation fee refunds. They usually depend on the documents that control the membership terms. The first place to look is the membership agreement that the member signed when joining the club. The club’s governing documents, like the membership plan, may also contain relevant terms.

What does a membership at Winged Foot cost?

According to online reports, the initiation fee at Winged Foot ranges from $35,000 all the way up to $200,000 depending on the level of membership one is signing up for. From there, the dues are much easier to swallow: $15,000 to $20,000 anually, or around $1,250 to $1,650 per month.

What is the purpose of an initiation fee?

Initiation fee means a fee collected by most employee trade unions from all new members or of employees who have left the union and wish to come back to the union. Initiation fees serves as an additional source of revenue to the union.