The 1% commitment is based on your actual earned revenue each year. For most businesses that is their gross revenue. However, as described in the membership agreement, we do account for returns, discounts, and allowances, such that the 1% commitment is based on your real, earned revenue. For most US businesses this is Part I, line 3 of their Schedule C.
We also exempt clear pass through costs from the revenue calculation. For example, a marketing agency that places paid ads on their clients behalf; the client reimburses the agency, but that reimbursement may show up part of their gross revenue, even though it’s not actually part of the compensation received from the client, it’s a reimbursement and therefore not a part of earned revenue.
We recommend confirming this with your accountant or tax advisor in your country of residence prior to making a donation. For US-based members: 1% for the Planet membership dues and donations made directly to 1% for the Planet are tax deductible.
The 1% for the Planet network is a great means of creating partnerships. Whether it is connecting businesses with the best nonprofits or enabling members to work together, we are always ready to help facilitate these kinds of relationships. In addition to direct connections, we regularly host events that allow for face-to-face networking as well as additional virtual opportunities.
COVID-19 UPDATE: We are slowly working our way back to in-person events! At this time, please consider joining us online for our virtual events.
To complete certification and fulfill membership requirements, we require that members provide proof of revenue as well as proof of donation(s). Our standard membership agreement includes confidentiality clauses and privacy protection.
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A nonprofit must meet these guidelines for donations to their organization to count towards your 1% commitment. If they meet these guidelines, you are able to recommend them to the network via your member portal. After they have been recommended, our nonprofit team will send them an application to apply to our network. Your account manager will notify you once an organization who you recommended is accepted into our network.You can also review our Nonprofit FAQ’s here.
Through our flexible giving policy, members have the option of using in-kind donations to meet up to 50% of their 1% commitment each year. This can be in the form of pro-bono professional services, product donations, volunteer time, and approved promotional support.
Pro-bono professional services donated will be valued by the fair market value (what your business would normally charge for that service).
Volunteer hours will be valued at the normal hourly rate of your employees is would they have worked those hours rather than donating their time. If you are not able to disclose this, then volunteer hours will be valued at $29.95 USD/hr per person (updated 2022).
Product donations are also valued by their fair market value. We ask that business members submit a zeroed out invoice showing the value of the items donated.
Approved promotional support is valued at the cost of placing an ad that features your 1% for the Planet membership and/or nonprofit partnership. All ads must be approved by 1% for the Planet first to qualify for this program.
For any non-monetary donations, we also ask for a thank you letter from the non-profit confirming the in-kind donation was received.
As a note, 50% of your total commitment each year can be met through non-monetary donations. The other 50% must be met through monetary donations (your membership dues count towards this monetary 50%).
After you have completed a donation to an approved nonprofit organization in our network, you must submit the receipt to our team via your member portal for that organization to appear on your business member profile. We do not list organizations on business member profiles until support for the organization (monetary or non-monetary) has been confirmed.
We recommend confirming this with your accountant or tax advisor in your country of residence prior to making a donation. For US-based members: 1% for the Planet membership dues and donations made directly to 1% for the Planet to support our organization are tax deductible.
Donations can be made to your chosen nonprofit at any time during the fiscal year. Most organizations have a donation link on their website to make the donation process easier for their supporters. You also are able to donate after the close of your fiscal year if you’d prefer to know your confirmed total revenue and 1% commitment amount before donating. Members always have up to four months after the close of their fiscal year to complete their donations and submit their certification materials.
Please be sure to keep your donation receipts in a safe place until the certification period begins, or upload them directly to the member portal.
At the end of your fiscal year, you will take your confirmed total revenue, and calculate 1% of that amount. (EX: $100,000 USD total revenue x .01 = $1000 USD)You can also use an estimated total revenue throughout the year if you’d like to make donations towards your commitment before the fiscal year ends.
Certification is the annual process we go through with all members to confirm that they have met their 1% for the Planet commitment. Businesses are required to donate the equivalent of 1% of total revenue to approved nonprofits through a combination of monetary, in-kind, volunteer, and paid promotional support.
At the end of your fiscal year, your certification period will begin. After your fiscal year closes, you then have up to four months after your fiscal year closes to submit your proof of revenue, donation receipts, and pay your renewal dues for the new fiscal year. Our staff will provide reminders when your certification period has opened.
For example, if your fiscal year closes on the 31st of December (12/31) each year, you will have until April 30th (4/30) of the new fiscal year to submit these items to us via your member portal.
If we do not receive these items within the four month certification period, your membership will not remain in good standing.
Business members are still required to submit a proof of revenue showing that no revenue was accrued for the last fiscal year to complete their certification. If your total revenue is $0 USD or less, your membership dues will fulfill your 1% commitment.