Areivim USA - Coronavirus

[sillypainter]

I remember reading somewhere that the 100K per yasom is a MINIMUM so if they collect more they give more, and I'm sure they're having collection issues with a certain percent of members.

[AsherO]

I remember reading somewhere that the 100K per yasom is a MINIMUM so if they collect more they give more, and I'm sure they're having collection issues with a certain percent of members.

If they aren't collecting from someone for a while, how long do they still consider them a member? If they keep them on for a while then their whole 20k member count might not mean much...

[Lurker]

1) Does Areivim only pay out to members?
2) Is it possible to lose membership?
    2a) If yes, how?

[JMHO]

I’m puzzled by the numbers.

They are looking to raise 8 million, and are asking $400/member. Mathematically that implies there are 20,000 members (not 14,500 as someone suggested above)

If so, why do they usually charge each member $7/yasom instead of $5/yasom?

 By charging $7/yasom aren’t they in effect raising $140,000 per yasom (20,000 x 7) , and if they are paying out $100,000/yasom? Where is that extra $40,000 for each collection?

These are very serious questions but since they are a private business with no public accountability or publicly available information, we'll never know...

[aygart]

These are very serious questions but since they are a private business with no public accountability or publicly available information, we'll never know...

They are a not for profit

[Zevwolf]

1) Does Areivim only pay out to members?
2) Is it possible to lose membership?
    2a) If yes, how?

19) Membership rights may be terminated at any time if pledges are not paid in a timely fashion.

http://www.areivim.info/terms.php

[Zevwolf]

I’m puzzled by the numbers.

They are looking to raise 8 million, and are asking $400/member. Mathematically that implies there are 20,000 members (not 14,500 as someone suggested above)

If so, why do they usually charge each member $7/yasom instead of $5/yasom?

 By charging $7/yasom aren’t they in effect raising $140,000 per yasom (20,000 x 7) , and if they are paying out $100,000/yasom? Where is that extra $40,000 for each collection?

26) The goal is to establish funds of up to $100,000 per orphan. If more people than the number required to reach that goal join, the amount of assistance collected from each member decreases.
http://www.areivim.info/terms.php

[Sammyonetwo]

Just saying I’m a big fan and have for charity because you can’t rely on them.

But none of them work for free.

Hatzolah shomrim are also nom profits and they collect a lot of money.

[aygart]

Just saying I’m a big fan and have for charity because you can’t rely on them.

But none of them work for free.

Hatzolah shomrim are also nom profits and they collect a lot of money.

Not that it really makes a difference to this conversation, but the Lakewood yesomim funds are run by a volunteer group and the office staff are paid by private sponsors.

[Lurker]

19) Membership rights may be terminated at any time if pledges are not paid in a timely fashion.

http://www.areivim.info/terms.php

So they only pay to members, and if you don't pay the membership fees, you lose your membership. Is this a new pay-to-get tzedaka model?

[Zevwolf]

So they only pay to members, and if you don't pay the membership fees, you lose your membership. Is this a new pay-to-get tzedaka model?

You don't pay membership you only pay if a member passes away for the yesomim.

[Lurker]

You don't pay membership you only pay if a member passes away for the yesomim.

But if you don't pay out for others, you don't get paid. Not membership, but membership.

19) Membership rights may be terminated at any time if pledges are not paid in a timely fashion.

http://www.areivim.info/terms.php

[shulem92]

I’m puzzled by the numbers.

They are looking to raise 8 million, and are asking $400/member. Mathematically that implies there are 20,000 members (not 14,500 as someone suggested above)

If so, why do they usually charge each member $7/yasom instead of $5/yasom?

 By charging $7/yasom aren’t they in effect raising $140,000 per yasom (20,000 x 7) , and if they are paying out $100,000/yasom? Where is that extra $40,000 for each collection?

their original model was to have 14k members give $7 each yasom. When their membership exceeded 14k they changed their model. Every time there is a “collection” they take $7 from every member. The extra money goes for the next time they need to make a collection, they just take less...

[S209]

But if you don't pay out for others, you don't get paid. Not membership, but membership.

And why is the blood of a non-member any less red than a member? Should they also make you give a set amount to every non-member’s family?

[aygart]

their original model was to have 14k members give $7 each yasom. When their membership exceeded 14k they changed their model. Every time there is a “collection” they take $7 from every member. The extra money goes for the next time they need to make a collection, they just take less...

I don't understand how this makes sense. Either bill less now or bill fewer times now. Why apply it towards a different case and then bill extra for that one too?

[aygart]

So they only pay to members, and if you don't pay the membership fees, you lose your membership. Is this a new pay-to-get tzedaka model?

Yes it is a new model.

[JACKBLUE]

Just saying I’m a big fan and have for charity because you can’t rely on them.

But none of them work for free.

Hatzolah shomrim are also nom profits and they collect a lot of money.

No one gets paid by Areivim, I know this for a fact.

[Lurker]

I don't have an issue with them not paying out non-members. It just seems to me that many people are treating this as LI, but prefer this to traditional LI because they get to deduct it from maaser. To be clear, not everyone, but many people. One agent upthread is even suggesting clients take traditional LI to supplement to this "plan." I don't see how this is considered tzedaka.

[ExGingi]

I don't see how this is considered tzedaka.

Why wouldn’t it be considered tzedaka? Money is being collected to support families that suffered a loss.

[shulem92]

I don't understand how this makes sense. Either bill less now or bill fewer times now. Why apply it towards a different case and then bill extra for that one too?

they don’t bill extra the next time. People just don’t see it on a practical level. Example: someone dies in January and leaves over 4 yesomim. They should collect $28 in January and $7 in February based on the old model. Now they would just collect $28 in January. When I said leftover i meant within the $7.... one of their main goals was that it should be increments of $7 because otherwise people feel like they’re getting charged random amounts every month. With their $7 collections you feel like u know exactly what it’s for every time. (They do charge less frequently now that there are more members. Take a look at this last collection notice “
We are hereby notifying you that due to the tragic passing of an Areivim Member from Lakewood, NJ who left behind a widow and 10 orphans we will be initaiting a collection on behalf of the family in the months of May and June. ” collecting 11x7=77 but somehow only collecting in may and June)