Every club has an ongoing need to fund the kind of projects that keep its facilities functional, relevant and attractive to both current and prospective members. Capital income is a necessity in today's challenging market, and yet the unpredictable flow of initiation fees, the most common source, means many clubs struggle to keep up. In this session, Club Benchmarking COO Russ Conde uses industry data to explore the subject of capital income with a focus on initiation fees and capital dues.