E&I is your Cooperative, and your participation in member contracts offers many benefits. Not only can you take advantage of considerable cost-saving opportunities, you can also share in the Cooperative’s overall financial success.
E&I’s Board of Directors authorizes the Cooperative to pay out a percentage of the company’s net income, if any, in the form of patronage. The amount distributed to each member is based upon each institution’s relative contributions to the Cooperative’s gross income.
E&I Patronage: 2018
Based upon 2017’s net income, E&I’s Board of Directors voted to return $1.6 million to members in the form of patronage refunds. At a time when many institutions are facing continued budgetary constraints, we are proud to provide this refund to our members.
For a detailed explanation of how patronage is calculated for each institution, please read our patronage brochure. If you have any further questions, please contact Anita Lipsky, E&I’s Associate Director of Contract Accounting, at email@example.com.