The Fund
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The total value of the FAIR Society fund for allocation is available on the website at all times and
is displayed at the top of the [Members' List] page. Membership fees are paid into a holding account and
are held by the bank for a 12 month period. After 12 months, cleared transactions are removed from the holding account. The fund is split as follows.
| Spaceguard Gambling Odds! The odds, in any year, of a
civilization-destroying impact by an asteroid or comet of 1 kilometre are between 1:200,000
and 1:1,000,000, the same as being dealt a royal flush in five-card poker. Imagine that you are dealt a hand of poker. If you are dealt a royal flush, you will be immediately executed (the equivalent of a major asteroid impact). But you can avoid playing the "game" by paying a fine. How much would you be willing to pay to not play this deadly gamble each year? ... [More]
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91% of each membership fee (€13.65) is sent to a verified astronomical beneficiary. Your membership fee joins all the other fees and will be kept in this account until the full amount is allocated at the end of the financial year to the projects submitted throughout the year. Any interest earned by this account, less tax on the interest, will be added to the total and made available for allocation. 5.7% of each membership fee paid (€0.86) is Paypal's transaction cost. 3.3% is retained by FAIR Society to cover operating the website and the activities associated with its promotion. These costs include, but are not limited to, website hosting and e-mail provision, administration,
and so forth.
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