How much does it cost?
There is an annual fee of $30, which covers the cost of renting the software from Time Bank, USA as well as insurance coverage and some administration costs.
What if I cannot afford the fee?
We will not exclude anyone from joining Delaware Hour Exchange on the basis of affordability. If you feel that this is too much for you budget, please contact a DHE administrator and we will review your situation and determine how best to set up your membership.
What do I get for the $30 annual fee?
All members are credited with 3 hours (also known as time-dollars by many Time Banks) to be used at your discretion.
How do I pay for membership?
You can enroll on the website using Pacem in Terris's (the parent non-profit of the Delaware Hour Exchange) Network for Good donation form to pay your membership fee., or write a check to Pacem in Terris, with WIT-DHE in the memo line. Send the check to Pacem in Terris, 1304 N Rodney St., Wilmington, DE 19806.
How do I activate my membership?
We ask that you activate your account by performing at least one hour of service in the first 30 days of your membership.
What if I'm having trouble coming up with ideas of what I can offer?
Check out the other posted offers and requests to see if there's something there you can get started with. If not, use them as inpiration to jumpstart your own ideas. Contact a DHE coordinator for some help. There will also be regular DHE meetings and activities you can attend (we are shooting for at least quarterly) and those could be a good way for you to connect with others who may also be a resource. Another place to start might be checking the offers to see if there any volunteer organizations in need.
Are time bank hours taxable? No!
Time banks are not barter exchanges per the IRS and so are not subject to taxation.
Time Dollars are not a form of barter: Barter almost always involves bargaining between two individuals to establish the worth of a good or a service. There is no bargaining with Time Dollars. An hour is an hour. The IRS has issued three local rulings that Time Dollars are tax exempt. They have given three reasons for this status.
1. An hour is always an hour, regardless of what is offered
2. They are backed only by a moral obligation and are not legally binding
3. Their purpose is charitable.
Can I get time bank credit for time I spend volunteering at non-profit organizations?
It depends. As long as the organization is a member of Delaware Hour Exchange, then yes--exchanges will work just exchanges with individuals. If you do work with an organization that you want to try to get to join DHE, email a DHE administrator to get that process rolling. Each new non-profit organization does need to be reviewed by the administrators to make sure that it is a good fit for the DHE. Once that happens, we can work with you to reach out to the organization about joining--you can even earn DHE hours for doing that!