Benefits
Banks
Current regulations and social events are pointing
towards a new business model for banks. Defined by the
Medical Banking Project, Charitable Communities Network
(CCN) fills an emerging need to reduce healthcare costs in
America by efficiently connecting people in need to
charitable organizations. Between these connecting points is
the banking community.
Without banks, it is difficult to conceive of implementing the
CCN resource. From HIPAA-compliant payment processing,
to trust services and high visibility sponsorship, banks are a
latent resource that can dramatically reduce operating costs
for charities in communities across America.
Why CCN?
Charities spend over $60 billion annually in duplicative
and/or inefficient management. One reason why is how
funds are distributed. Using medical banking principles,
CCN assists banks to offer charities and
congregation-based programs new
ways to reduce costs, specifically for
funds and/or services earmarked for
healthcare (i.e., un/under-insured and
others).
 A fundamental component of CCN is improving access to
services that already exist in a community. To support this
objective, the Medical Banking Project has implemented a
national resource for CCN. That gets us started.
To complete the task, further efforts to locate and enroll
charities and faith-based services must occur. We estimate
that it costs $100 per year per congregation to accomplish
this. CCN relies on sponsorship from banks to defray this
cost. In the meantime, banking services are efficiently
“embedded” and accessible to charitable organizations.
How do banks participate?
Banks are encouraged to focus their support by applying
sponsorship funds in communities where they do business.
This is accomplished via CCN’s list of “Virtual Charitable
Communities” (or VCCs). For example, a bank may wish to
sponsor the Nashville, St. Louis, Chicago and Boston VCCs.
The bank would in this case select these areas during
sponsorship enrollment.
Sponsorship Levels
Banks can scale their level of sponsorhip as follows:
- National: sponsor 25+ VCCs*
- Regional: sponsor 10-24 VCCs
- Local: sponsor 1-9 VCCs
Each sponsorship funds 20% of the cost to “activate” one
VCC. For example, a local sponsor may fund 20% of the
cost to activate up to 3 VCCs. The difference between levels
of sponsorship is the total number of communities that your
bank chooses to sponsor. By keeping sponsorship tied to chooses to sponsor. By
keeping sponsorship tied to
20% per community per sponsor, CCN encourages
participation among multiple banks.
Active VCCs
Each VCC funding goal represents the “get up and
go”
budget for a period of two years. Therefore upon reaching
the VCC goal – an “Active VCC” – sponsorships are closed
for a period of two years. During this time, CCN intends to
“perfect” each VCC and determine future requirements for
the following 2 year budget cycle. CCN will provide notice of
the new budget within six months prior to implementation.
Interested banks are encouraged to email us to receive
notification at ccn@mbproject.org.
VCC Calculator
To assist sponsors in deciding which VCCs to support, we
have created a VCC Calculator. By selecting
the
communities you want to sponsor, the Calculator provides
an instant result for you.
Underlying Banking Services
* National Sponsors may be able to show a favorable
ROI in return for sponsorship of VCCs! This is due to
transactional
activities that occur online, including funds processing and
disbursement, setting up trusts, processing CCN charitable
eligibility requests and other areas. For a full description,
please contact us at 615.794.2009.
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