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7. HOW THE EIS IS FUNDEDThe EIS is funded principally by its members’ contributions, although investmentincome is also received by the various funds.Members’ contributions consist of three parts. -National contributions: These contributions provide the principal source of income forthe General Fund from which is met the routine expenditure of the Institute as well asexpenditure incurred in support of the professional interests of members. A proportionof members’ contributions are allocated on a year to year basis for expenditure insupport of the professional interests of members and from 1 September 2001 1.5% ofthese contributions have also been allocated annually to the Benevolent Fund.Political Fund Contributions: These contributions provide the principal source ofincome for the Political Fund which is for the furtherance of political objectives asdefined by legislation. (see section 5)Local Contributions: These contributions which vary from local association to localassociation provide the principal source of income for the local associations of theInstitute. Expenditure by local associations is governed by local constitutions but isessentially similar to that met from the Institute’s General Fund. Members of Self-Governing Associations may opt out of paying these contributions.17September 2012