I received an envelope from my university
in Vancouver, Canada) containing an invitation to join the "Golden Key Honour Society", which is open to students who are in the top 15% of their program. Further, there are letters of endorsement from the president of my university, and some corporate noses from IBM and Scotiabank. Joining entitles me to their exclusive job board and some scholarships.
The catch: they want CDN $80 (just under USD $70) for me to join
Now, virtually none of their scholarships apply to my discipline. A quick goggle search revealed an article written in my school paper, that reports, among other things:
...Golden Key's submission to the Internal Revenue Service (IRS), obtained by the Ubyssey, shows Golden Key spent just $289,461 (US dollars) on scholarships, less than 5 per cent of their total expenditures for the fiscal year ending June 30, 1997.
And in this recent investigation of Golden Key's spendings, the Ubyssey discovered the organisation would not provide the Atlanta Better Business Bureau with its financial statements. According to Valerie Maclean, general manager of the Vancouver Better Business Bureau, this is a secretive tactic highly unusual for a non-profit organisation.
The society spent $1,822,837 (US) on salaries and other employee benefits. executive director, James Lewis, received $247,600 (US) in compensation.
Anyways, my question is this: I don't expect to benefit from their scholarships, which are mostly for business students anyways, nor their job board. I don't need the ego boost. However, does membership look good for graduate admissions? If it improves my chances of getting into graduate schools, I don't mind paying $80.
They also have various deals with banks, etc. and they speak suggestively of deals for members. Any info on that?
What do you think?