Photo credit: Caitlin Allen
Think the stress of exec season is over? Think again. Big changes may be coming to the current TAMS club system.
Traditionally, official clubs receive a set amount of money at the beginning of the year based on the performance of the club in the previous year. However, there have been times in which some club execs accomplished less than those in former years. The money did not get used to its full potential and ended up being wasted.
Kevin Roden hopes to provide money for all clubs, organizations, and student projects. The money will be distributed based on the work of a club and its need. With the new system, Kevin Roden says, “students will pitch for their idea and go through a presentation format to get money.” This process will be applied in the distribution of PAs. There will not be a set PA for a club. Instead, the PAs will be assigned on a project by project basis.
If you are wondering why these changes are being made, Roden says that in recent years he has seen an increase in entrepreneurial spirit at TAMS. “Our funding tended to track with the traditional model. But we started to think, is this system the best way? There are a plethora of unofficial clubs with new ideas, but they have no funding. Why not take money away that we are committing to folks and have a big pot of money? It incentivizes creativity and new ideas,” he says.
Indeed, many individuals have great ideas for startups, but because of the unofficial club label, they are unable to gain the funding they often need without aggressive fundraising. One such startup is EverCare Medical, a nonprofit organization started by juniors Alberto Him and Arun Yagnamurthy. According to Him, EverCare Medical needs $10,000 for their organization to help repair and provide supplies for Venezuelan hospitals. Although he is aware that TAMS does not have the funds to pay for the entire amount, Him says, “If TAMS could help us with funding, we can host events or charity concerts so we can raise all of money we need.”
“Official” and “unofficial” designate the way funding works, but with these new financial changes, the terms will be meaningless. Thus, Roden strongly wishes to completely remove the titles, thereby placing all clubs and organizations on equal ground. In addition, the rule that an individual can only be an exec of one official club will likely change due the removal of these labels.
Overall, understand that Kevin Roden wants to improve the club system. He will not eliminate clubs, nor will he neglect the needs of any club. Remember, he does want all of the new junior execs to be involved in this decision. Nothing is set in stone, yet.
Let us know what you think about the new club changes in the comments below. On Monday, March 24th after curfew in Mac there will be a meeting to discuss these changes for all of the new junior execs!