Thursday, 24 July 2014

Tools for Change!

What is a Tool Bank?

Tool banks are an inventory of tools for rent at very low prices to members.  They are great for organisations who want to save money on tools they are only going to use once in a while.

How does it work?

Black Country Tool Bank lends tools to charitable organisations and business volunteer teams that prove charitable intent.  Tools may be borrowed for up to eight weeks.  The use of Tool Bank equipment for personal benefit is prohibited. All visitation to the Tool Bank is by appointment only.

Following successful registration, the charitable organisation becomes a Tool Bank Member Agency.  To obtain tools, a Member Agency representative submits their tool order online no less than two business days from the time they wish to pick up the tools.

The Member Agency pays a Tool Handling Fee, calculated by the following formula:
Total retail value of borrowed tools   X   number of weeks borrowed   x   3%
The Member Agency must return the borrowed tools before the due date, or incur late fees at 6% per week (double the tool handling fee).  The Member Agency may extend the borrowing period, with consent from Tool Bank staff.  A Member Agency with overdue tools or unpaid fees may not borrow additional tools from the Tool Bank, until all balances are brought to zero and all unreturned tools are accounted for.

Following a completed tool transaction, the Member Agency is asked to complete a 3-question survey, anonymously evaluating their experience at their Tool Bank.  The questions provide a continuous improvement opportunity for the Tool Bank, and inform staff on what tools are needed in the tool inventory.  Program excellence is achieved through superior customer service.

Who’s who:

John E. Parman is the founder and executive director of the Black Country Tool Bank. In 2008 John pivoted from journalism to learn major gift and trust fundraising through on-the-job training in higher education, youth sport and educational development non-profits. In addition to running the tool bank, John teaches non-profit management and is a keen maker of meat loaf.
Charles Hanmer is a trustee-select. The Manager Director of Charles Advertising of Kingswinford, Dudley, he is the former chairman of the Black Country Reinvestment Society.
Kenneth Rodney is a non-executive director. He is the CEO of the Centre for Equality and Diversity in Dudley.

Black Country Tool Bank is Open
We will be distributing tools on Saturday mornings from 8 a.m. to 11 a.m. and Friday evenings from 6 p.m. to 8 p.m. for the time being. If you are interested in becoming a volunteer at those times or would like to work other hours to help increase our capacity, please call 07837 794 561.

Members and interested people: please join the mailing list to keep ahead of what’s going on.

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