Frequently Asked Questions
What is the 110% Club?
Most women we know always give 110% in all they do. Joining Impact100 Traverse City at 110% allows $100 to go towards various general operating expenses, including keeping the grant application process free of charge to submitting non-profits. Your entire $1,000 membership will go towards a deserving non-profit through a democratic vote process at the annual grant award ceremony.
What if I don't have $1,000? Can I combine friends?
The Impact100 model works because every member gives the same amount ($1,000) and gets one vote. While you can’t combine your membership with friends, we do have several generous Friends of Impact that sponsor members fully or in part. Contact us for more information about what sponsorships may be available and the process to apply.
I don't have time to volunteer right now, can I still join?
The Impact100 model works because every member chooses their level of participation in our all-volunteer organization. From joining and voting at the annual meeting to grant review, informational events, or more. We welcome you and the time you decide you can participate.
How are Impact100 TC funds granted and followed up?
Each grant year, after a rigorous review process and finalists selection, the Impact100 TC membership rank votes to award grants to the nonprofit finalists. Funding is based on total membership in minimum increments of $100,000. Grant funding and project reports occur in a contractual and systematic way to ensure the grant project is being implemented as awarded by the membership.
Can I purchase multiple memberships and receive more votes?
Each person is limited to one vote per person per year. You can prepay your membership for subsequent years. Feeling generous? You can sponsor others to join Impact100 Traverse City.
Do you have opportunities for volunteers that can't donate $1,000
We welcome “Friends of Impact100” and are thrilled when an individual or a foundation wants to help us with our annual expenses through monetary donations, stock grants, or in-kind service donations. Our costs are held to a minimum as much as possible since we are an “all-volunteer board”.
Can I volunteer my time to review grant applications on the grant committee and not be a member?
Volunteers are required to be an Impact100 member to serve on any board committee. Thank you for your consideration!
Can my company pay for my membership?
Yes, your company can pay for your membership. Contact us to find out how.
Can I use a distribution from my IRA?
Yes, required minimum distributions (RMDs) are accepted for your membership and will not incur income taxes on the RMD. Impact100 TC is a 501(c)3 charitable organization. (Check with your accountant for your specific tax situation.) Qualified Charitable Distributions (QCDs) are acceptable as well. Please contact your IRA custodian for your specific details.
Can I donate stock or use stock for my membership?
Stock donation for membership has a time constraint and limitation depending on market fluctuations at the time of settlement. Impact100 TC is able to accept donations of stock to further our mission. Please contact us for further details.
I'm excited to join but can't afford the $1,000 this year. What can I do?
For women who are interested in joining Impact100 TC but can’t make the full membership contribution, help is available through our “Sharing the Love” Fund. Learn more or apply.