November December_2019 Newsletter

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November & December 2019 Newsletter

BRINGING GENERATIONS TOGETHER EXTENDING MEMBERSHIP OPTIONS TO YOUR GROWING FAMILY A s you may know, Member’s children enjoy Club privileges though their parent’s membership until they turn 26 or get married – whichever comes first. Beyond this point, they are removed from your account and con- sidered family guests, with limited access. Our hope is that they return to the Club one day to continue the family traditions they experienced growing up with families of their own. There are three ways to carry on your family’s legacy at Greystone:

GIFTING: Through our Gifting Program, an Equity Member with redemption rights may bestow the Gift of Membership to a family member (includes parents, brothers, sisters, children, legally adopted stepchildren, nieces, nephews, uncles or aunts of the Member or spouse) who pays no initiation fee. The Equity Member providing the gift remains a Club Member with all other equity rights intact, minus redemption. Note: The Gifting Option applies only to Regular Members who joined before October 1, 2012. JUNIOR LEGACY MEMBERSHIP: For Equity Members who don’t want to forfeit their future redemption, or for those with multiple children, the Junior Legacy Membership is a great option to consider. An Equity Member’s sons, daughters, legally adopted stepchildren or grandchildren ages 23-34 may join and receive a one-year deferral on their initiation fee. While the Gifting Program allows for only one family member to join, this option benefits all of your children and grandchildren. LEGACY TRANSFER: When an Equity Member is ready to exit the Club, they may elect to transfer his or her membership to a son, daughter, legally adopted stepson or stepdaughter or any grandchild 23 years of age or older. Upon acceptance, The Equity Member’s membership transfers to the designated child with the payment of a transfer fee (currently $1,000), but no initiation fee. If they are under 35 years of age, they will be eligible for ½ the dues of a Regular Member until their 35th birthday.

Should you wish to get a membership package for a family member, please contact Ashley Devine in the Membership Office: adevine@greystonecc.com or (205) 986-5146.