Frequently Asked Questions (FAQ)
Who can be a member of 100 Companies That Care (100 CTC)?
Any for-profit corporation that employs people (no sole proprietors) is qualified to be a member of 100 CTC. The member representing any business within 100 CTC should be the owner, CEO/President, or the most senior officer in the OC area.
Is my contribution tax-deductible?
Yes, all donations are tax deductible. Donation receipts will be provided by Global Impact, which is a licensed 501(c)(3).
Can I pay by check?
Yes, use the following instruction for donation by check:
Pay to the order of: GLOBAL IMPACT
1199 North Fairfax Street Suite 300
Alexandria, VA 22314
MEMO Line: GROWFUND, 100 Companies That Care
If you would like to receive electronic notification that your check was received please include email information with the donation. If your contact information does not accompany the check, a tax slip will be mailed to the address on file with deposit notification.
Checks take 1-2 weeks to be processed.
Why $4,300 for the year? What is the extra $300 for?
The additional $300 goes towards the management fees and processing fees for the donor-advised fund used for the holding of contributions as well as the distribution of grants. There are also some fees associated with running the quarterly events (basically, breakfast and the venue rental) which are covered with the $300.
How does a nonprofit get selected to present?
In order for a nonprofit to be considered for selection, the organization will need to be nominated by a member of 100 CTC. From all of the nominations for any given quarter, three (3) will be randomly selected to present. Each member of 100 CTC has the ability to nominate one (1) nonprofit per quarter.
How often can the same nonprofit be selected to present?
There is a two-year selection cycle. Once a charity has been selected to present, that organization cannot be selected again for two years, regardless of whether or not the charity wins.
What are the criteria for nonprofits to be selected?
Each charity must meet the following criteria:
Be based in and/or be serving Orange County, CA. In other words, it can be a local nonprofit that serves internationally, or it can be the local chapter of a national organization.
Must not provide any politically controversial services.
Must not be devoted specifically to a religious cause. For example, a faith-based organization that provides food for the homeless is allowed, but an organization focused on spreading religious beliefs or converting people to a certain religion is not allowed.
What happens if I can't attend one of the meetings?
While attendance is expected for all members, it is inevitable that each member will not be able to attend every meeting. Any member can send someone as a representative for his/her company.
In the event that no one is able to attend the meeting, the quarterly donation will still be given out on behalf of that company. This means that the member’s vote will not be accounted for at that particular grant, but the funds will still be distributed in accordance with the votes of those members who are in attendance.