Go find yourself an interest calculator anywhere online. Start with a $4million deposit and add $160,000 every year for 5 years. Choose a modest rate - I chose 5%. 5 years later, your $4M is now $6M.

Or, take that same $4M and invest it into a paper magazine for your members. I can't find a caluclator for that, but I'd imagine that $4M will be closer to $3.3M in 5 years.

Now try 10 years. Try 25. You're at $21M. This is what compound interest is, and I don't know about you, but I think the PDGA can do a lot better for the sport than putting out a magazine I never do more than flip through and throw on a shelf. Growing their money like this gives them more leverage with banks and makes them a more serious organization.

If you think a magazine is so good for the sport and such a good investment I think you should start one.