We are excited to announce that our Mayerthorpe Till Tape Program has been completely revamped and is now more convenient than ever for both our local groups and their supporters. Gone are the days of collecting boxes full of receipts, the program now features a simple annual opt-in from both our charitable recipients and their supporters. Welcome to the new Keep it Local Mayerthorpe program.
By completing the registration form, the organization of your choice will automatically receive a donation for up to 1% of your total purchases.* This calculation does not affect your cash back/equity allocation, it is a separate calculation made for donation purchases only. Supporting your favourite local cause is now as simple as registering each donation season (twice a year) and shopping local.
*Donations will be capped at $9,000 per semi-annual period across the entire program. This ensures that we can continue to provide the same level of support as previously given, while ensuring that the program remains sustainable. If 1% of eligible purchases by members in the program exceeds $9,000 in a semi-annual period, funds will be distributed proportionally based on the percentage of sales relating to each organization's supporters.
Calculations will be made by membership number based on patronage records of purchases made at the Mayerthorpe Co-op, similar to how individual members' equity allocations are calculated. No receipts need to be collected or submitted. Eligible purchases will not include lotto, tobacco, gift cards, and bottle deposits. Calculations will be made twice a fiscal year, with the first payment reflecting the first 24 weeks of our fiscal year and the second reflecting the last 28 weeks. Reflecting the difference in calendars between the old program and the revised program, the first calculation period will reflect purchases made from June 21st to the end of our fiscal year January 30th, 2021.