Money collected by the IBEW is divided into how many funds?

The correct answer indicates that the money collected by the International Brotherhood of Electrical Workers (IBEW) is divided into two main funds. This structure allows the organization to effectively manage its financial resources by allocating them to specific purposes. Typically, these funds include one for operational costs, which supports the day-to-day functions of the union, and another for various member benefits, such as pensions or healthcare.

This division into two funds helps ensure that the union can maintain its operations while also providing essential services and support to its members. By having this clear financial structure, the IBEW can pursue its goals effectively and address the needs of its members comprehensively. Understanding this allocation is crucial for anyone studying the IBEW, as it demonstrates how the organization prioritizes both its operational needs and member welfare.