Frequently Asked Questions
How long has Community Shares been in existence?
Community Shares incorporated in 1985 to help nonprofits develop a broader base of financial support. We are an affiliate of Community Shares USA, which provides support to active Community Shares federations throughout the country. For more information about Community Shares USA visit www.communitysharesusa.org. Test test
What are the requirements of Membership?
Community Shares members must fulfill basic requirements. Each member group is a local charitable organization declared tax-exempt under Section 501(c)(3) of the Internal Revenue Code. Members are at least two years old and programmatically strong. Finally, each member is financially stable, maintaining standard bookkeeping and audit practices, and filing an annual financial report with Community Shares. Each year Community Shares members are evaluated to ensure they continue to meet the membership criteria and standards.
How are funds distributed?
Community Shares gives donors the option to support all Community Shares groups or to designate any portion of their gift to one or more specific agencies. When permitted by the employer, donors can contribute to any registered nonprofit tax-exempt group in Tennessee. This gives donors freedom and full control over their giving.
All undesignated funds are divided equally among Community Shares member groups. Funds designated for one or more agencies are allocated to the specified groups.
What percentage of my contribution is used for administration?
Community Shares deducts 10% for processing and administering contributions, as well as paying for the campaign expenses. This small amount allows Community Shares to function as an organized federation.
How can I learn more?
To learn more about Community Shares of Tennessee, our member groups and current workplace campaigns browse the rest of this site, follow us on Twitter and become our fan on Facebook.