Building Community One Hour at a Time

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Our Donation Request

February 1, 2015 by Frequently Asked Questions No Comments

Why does hOur Exchange Ypsilanti ask for an annual donation?

Please Donate to the Time BankIt does seem a bit odd that the organization working so hard to promote the exchange of time as a currency asks for a financial donation each year. This post is written with the intent of answering why we need your financial support.

No one should be surprised that organizations need money to operate. Every business, no matter what it’s mission, costs money to run. Employees, rent, advertising, events, etc. all demand the dollar. hOur Exchange Ypsilanti is no different in this regard. We do not yet have any paid employees or rent but do advertise and host events. Membership dues are the only source of income for the exchange currently so your donations are extremely important.

We no longer require our members to pay an annual donation. If members are inclined to donate they are welcome to do so!

One of our core fears is becoming a bloated cash hungry organization that forgets its values. We want to approach sponsors but have to be careful that they don’t influence our decisions or standards. Until we are able to get financial contributions from sponsors we will rely solely on new and existing member donations.

The money that we collect is currently saved and used primarily for paper brochures. Our finances are available for view upon request by any member of hOur Exchange Ypsilanti. We are transparent to our members and value our relationship to each and every one of you.

If you have any questions about our donation request or would like to see how our membership dues are spent please contact hEY!

Jeff

Jeff, president and co-founder of hOur Exchange Ypsilanti, strives to bring community together through shared experience. He loves the city of Ypsilanti and wants to see it thrive.

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