No part of its net earnings shall inure to the benefit of any private individual except that reasonable compensation may be paid for services actually rendered.
Institutional membership is non-transferable.
Membership of the district office of a multi-college system does not include membership status for the individual colleges in that district. Both two and four year higher education institutions outside the US are eligible for institutional membership at a reduced rate of membership dues to be set annually by the Executive Committee. Section 3 Individual Membership Individual membership is available only to persons not affiliated with an eligible institution of higher education, such as retirees. Nominal annual membership dues will be assessed. No annual fee will be assessed, in recognition of the mutual benefits of such partnerships.