Who owns the Penn Club of New York?
The Penn Club of New York is a non-stock corporation that is owned by its members. The Penn Club is a not-for-profit private social club, as recognized under section 501(c)(7) of the Internal Revenue Service Code. It is fully independent of The University of Pennsylvania, which owns the 65,000 sq.ft. building of 13 stories plus a cellar at 30 West 44th Street in Manhattan, and leases it to the Club. All of the Club's resources and operations are solely managed by the administration of The Penn Club. The members of the Club are charged with the responsibility, as stewards of the New York City Landmark building, to keep the clubhouse well-maintained at all times.
What is the difference between the Penn Club of New York and the New York local alumni chapters, such as the Wharton Club of New York, PennNYC, Penn Club of Metro NJ, etc.?
The University of Pennsylvania has a global alumni network (GAN) of local alumni chapters each covering specific local geographic territory while the Penn Club of New York was created as the University's private club and the headquarters for the programs for Penn's undergraduate, graduate and professional member alumni from all around the world. The main difference is that the Penn Club is an actual clubhouse facility and membership is not centralized to just New York alumni. Membership is exclusively available to Penn graduates, family, faculty and those affiliated with Penn around the world. The facilities at the Club fulfill the original ideals of the founding members to provide a "home away from home", where members can dine, relax or entertain friends and colleagues in a warm and inviting atmosphere.
I understand that The Penn Club is a Member-Owned Club, what does that mean?
A member owned club permits its members to control their club through the right to vote. The Club facilities are operated and managed under the direction of a Board of Directors which is elected by the members.
What benefits are provided by member-ownership?
Member-ownership answers the open questions as to what will become of the club facilities in the future, by clearly establishing which entity will own and control the club facilities. As a result of member control, a member-owned club assumes the characteristics of its membership. The Club experience, lifestyle, and membership growth are enhanced by the heightened interest and participation of member-owners.
Are there any committees that I can get involved in at the Club?
Yes. The Penn Club has five (5) active committees; Finance, House, Membership, Program, and Young Alumni. Current Penn Club members in good standing may volunteer in these committees.