Due to difficult economic conditions and the pressure of managing their own financial obligations, many people are not able to be as generous with their cash donations as their hearts may wish. In recent years the demand for supplemental services has increased more rapidly than the donations needed to support the groups they represent.When non-profit organizations participate in Tradebank they cultivate an additional source of revenue to help them fulfill the needs of others.
Tradebank clients who make donations with their Tradebank Dollars are able to express their compassion and benevolence far beyond what their cash budget may permit. This additional revenue is used by the charitable organization to reduce overhead expenses, assist with fundraisers, and provide direct support to those in need.
In the U.S., trade dollar contributions are treated in the same manner as cash contributions. Donations to 501(c)(3) organizations are tax deductible for the individual or company making the donation.
From our Regional Director, Tyke Hillmer -
In respect to the current economic situation, we want our members to know that we are working to assist clients any way we can.
Tradebank International agreed to our request to waive all late fees to our Knoxville members, now through the end of June. If you receive a late fee, please inform your broker so we can address it with the corporate team. In addition, please contact Beth or Connie if you need information on setting up a monthly payment plan (interest free).
In other news, we are off to a fast start in 2020 with 18 new members! To ignite more growth, Tradebank International approved a $99 enrollment fee through the end of June (down from $495). To complement this effort, Tradebank of Knoxville will pay T$1,000 to the member with the most qualified referrals from January 1 through December 15, 2020.
Thank you for being part of the Tradebank Team. Please don't hesitate to contact me directly if there is anything else I can do to better assist you as we progress day by day.
Our job at Tradebank isn't to just save you money in your business. It is to help your business grow to a whole new level. Let us show you how you can grow your business today!