Membership

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 80% of regular resident dues

Super Senior:

• Resident partners who are 75 and older – pay 60% 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
• Pay 30% of regular resident dues, plus any applicable capital assessment; but 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
• $1,000 initiation fee
•  pay 32.5% of regular resident 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)

Note: membership category is capped in number.

Senior Members:

• Former partner who is at least 80 years old and who owned an L.P. unit (or GP share) for at least 25 years
• Must have sold Unit
• Pay 25% of regular resident dues
• No requirement to pay capital assessment
• Not eligible to play in tournaments
• May not play Saturday or Sunday mornings

Note: membership category is capped in number

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:
  • 43% for those under 30 on January 1
  • 68% for those under 35 on January 1

Note: membership category is capped in number

Partner Adult Children:

• Younger than 45 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
• Parent or Grandparent must be an active partner in good standing

Note: membership category is capped in number

Dependent Child

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.

• No limitations on play
• Reduced Guest Fees ($40) for minor guests; maximum of 12 guest rounds annually

Dining:

• Right to dine at Stonewall without restriction
• May bring guests without restriction
• Annual dues $1000 of which $250 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	100%
8/1 – 8/31	60%
9/1 – 9/30	33%
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.

Any partner who is inactive in any given year may not be a guest of an active partner during the inactive period.