TimeBanks USA is the home of the founder of the TimeBank model, Dr. Edgar Cahn. TimeBanks USA helps new TimeBanks start around the world, provides documents, software, and support to TimeBank staff, holds regular conventions for Time Banks from around the world for their leaders to come together and swap good practices and many other tasks to help this movement of community.
A Time Bank is an organization that brings people together to create opportunities to develop and exchange time and skills with other people in their community by means of Time Dollars. At it's most basic level, TimeBanking is simply about spending an hour doing something you enjoy for a person in your community. That hour then gets logged by the TimeBank as one Time Dollar. You now have a Time Dollar you can spend having someone do something for you.
Time Credits, or Time Dollars, have been found to be non-taxable in several private IRS rulings, and have remained so throughout the 30-year history of Time Banking. Some tangible goods may be available for Time Credits, if their worth can be expressed in terms of time; for example, artwork is valued for the time it took to create it, or food items for the time it took to grow and process. Through community outreach, the Mid Maine TimeBank is looking for organizations that are willing to accept Time Credits in lieu of money for goods, event tickets, and even education! In turn the TimeBank can offer volunteer and networking support to organizations!
Time Banking can change the world we live in by changing the way the public sector addresses the deep social problems our society still faces.
Children, minorities in poverty, and the elderly are especially hard hit. In these and other areas of social need, Time Banking offers a powerful new approach for social and systems change. Time Banking adds spice, diversity, weaving of community and ways to fill gaps in local neighborhoods. The market economy does not fully express democracy or our potential as citizens. We can do more for each other, live with a higher quality of life, and place value on acts of kindness.
The Mid Maine TimeBank is an organization that gives individuals, groups, and organizations throughout the heart of Maine the opportunity to connect, share, learn, and exchange skills and talents through the use of time credits that value priceless labor and community exchange; this builds social networks and strengthens communities.
We view all members as assets; we all matter. We value the kind of labor that holds us together. We are equal in the time we have to share; reciprocity creates natural two-way giving, in co-production. In community, we have all that we need if we use what we have.
Click on the link above, "Login/Join" and register in our software, Community Weaver. You will receive an email with a link to go back and fill in your profile. Contact us at 207-385-4238 or at firstname.lastname@example.org if you have any problems with Community Weave, or do not receive an email.
Yes! Businesses benefit in many ways by joining timebanks! They can connect with their communiites, revitalize downtowns, encourage local shopping, gain interns and help with special projects. In turn, they can offer discounts to members, offer some goods for Time Credits, help support the TimeBank, and offer much needed help to low-income customers. They help build local stability and sustainability.