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The following summarize the current membership policies in effect at Stonewall Links, L.P., including the current categories of playing privilege holders (or playing members) for limited partners and certain non-equity members.

Playing privileges shall be granted and maintained in the discretion of the General Partner, and shall fall into one of the following general categories:
 

Equity

Resident:
  • Partner with a residence located within 75 miles of Stonewall
Senior:
  • Resident partners who are 70 and older – pay 75% of regular resident dues
Super Senior:
  • Resident partners who are 75 and older – pay 50% of regular resident dues
Non-Resident:
  • Partner with no residence (whether primary or otherwise) located within 75 miles of Stonewall
  • May bring guests to play at normal greens fees
  • $1,200 annual dues; and not eligible for senior or super senior status
 

Non-Equity

National:
  • No residence located (whether primary or otherwise) within 75 miles from Stonewall
  • Must be a member or partner of another private golf club
  • Limited to a maximum of 12 rounds of golf at Stonewall in any calendar year plus rounds played while a paying overnight guest at Stonewall
  • May bring guests to play at normal greens fees
  • No requirement for Unit ownership
  • No requirement to pay assessments
  • $1,950 per year dues
Entitled to use of overnight accommodations in the farmhouse at no charge for up to 6 nights annually  for the National member and up to 3 guests who are then playing Stonewall (subject to availability)

Junior:
  • Younger than 35 years old on January 1
  • No limitations on play
  • No requirement of Unit ownership
  • Dues are a percentage of regular dues equal to:
    • 40% for those under 30 on January 1
    • 66% for those under 35 on January 1
Credit against payments due to Partnership in any future Unit purchase equal to 20% of dues paid, in the aggregate, not to exceed $7,500

Partner Adult Children:
  • Younger than 40 years old on January 1
  • No limitations on play
  • No requirement of Unit ownership
  • Must be son or daughter or grandson or granddaughter of an active Stonewall Partner
  • Annual dues are equal to 10% of regular dues
Dining:
  • Right to dine at Stonewall without restriction
  • May bring guests without restriction
  • Must join Stonewall Reserve if they desire adult beverages
  • Annual dues $750 of which one-half is credited toward food charges incurred by member that year
Note: all mileage references are calculated by the direct (as the crow flies) distance between Stonewall and the partner’s closest residence.
In all playing privilege or membership categories the spouse of the privilege holder or member shall be entitled to the same playing privileges without any additional charge.
Playing privileges may be extended for children of Partners, regardless of number, who are under the age of 23 and either living in the Partner’s house or attending school full time by the payment of annual dues of $500 in the aggregate for as many children in the family.
Must be an accredited investor, but no distinction between individuals, partnerships and corporations as owners.  Retirement plans that are accredited investors may also be a unit owner, but the Partnership shall not advise or confirm that a unit is a permitted investment under the plan.
No person can be designee with playing privileges for more than three consecutive years, without the consent of the General Partner, if such designee is not the unit holder or directly related to, or an owner of, or an executive officer of, the unit holder.
Dues shall be payable by the person having playing privileges as follows:
 
Date Start % of Dues Payable
1/1 – 6/30 100%
7/1 – 7/31 50%
8/1 – 8/31 40%
9/1 – 9/30 30%
10/1 – 12/31 5%
A holder of playing privileges may, in each case with the permission of the golf shop staff, send up to ten (10) foursomes to play at Stonewall without his presence in each calendar year; provided that (i) unescorted groups may be assessed a different guest fee based on the then current policy of Stonewall; and (ii) if more than one foursome arranged by the same playing privilege holder are playing unescorted on the same day they shall be considered an outing and governed by rules and charges applicable to outings.

Except to the extent specifically provided in the Partnership Agreement, Stonewall’s membership policies are subject to change from time to time and at any time in the discretion of the General Partner.