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Member-Ownership

Everyone will be welcome to shop at the South Philly Food Co-op, but there are many benefits to being a member-owner. Member-owners are quite literally owners of our to-be store and will have a voice in which items and services the Co-op will offer. If you aren't a member-owner yet, we invite you to join today, and gift the gift of member-ownership to your friends and neighbors, too!

Benefits of Member-Ownership

Member-owners save money.

Through our Shop South Philly Program, member-owners receive exclusive discounts at dozens of local boutiques, restaurants, and other businesses. Once our store opens, member-owners will be entitled to various specials and sales, as well as patronage refunds in years to come.

Member-owners have a say.

Every member-owner household can cast one vote in the annual elections for the Board of Directors. Member-owners who are 18 years of age or older and have been to at least one committee meeting and one general membership meeting are eligible to run for the Board of Directors. In addition, member-owners can help influence the programming and reach of the Co-op through getting involved with one of the committees.

Member-owners are part of something bigger.

South Philly Food Co-op member-owners get together for events and share a common desire of using food as a force for good. By contributing their equity and volunteerism, member-owners help us get closer to our goal of opening a community-owned grocery store.

Terms of Member-Ownership

Definition

A “member‐owner” is a person who has monetarily invested in the Co‐op. The primary member‐owner is considered to be the main contact within the “household.” A “household” is a group of persons (including children) residing at the same address who live together as a unit.

Orientation and Volunteer Requirements

All new member-owners must complete a new membership orientation. We ask that each household volunteer a minimum of eight (8) total hours during each calendar year.

Member‐Ownership Equity Cost and Payment Options

The member-ownership equity investment is set at $200 per household. This can be invested in full or paid off in equal monthly installments anywhere from 2 months ($100/month) up to 8 months ($25/month). Member-owners who are able to contribute their full $200 equity investment upfront are strongly encouraged to do so. The Co-op will send invoices to partially invested member-owners at monthly intervals.

Join online today by making a secure payment through Paypal and filling out your member-owner information. Those who would prefer to pay by check should make them payable to “South Philly Food Co-op” and mail with a printout of your confirmation or a copy of the application to:

South Philly Food Co-op
PO Box 31506
Philadelphia, PA 19147

Member‐owner status will not be granted until the online transaction is completed and verified (or check received) and your signed application is received.

Transfer or Refund of Equity

Memberships are non‐transferable. Should a member-owner choose to terminate their membership, their member share may be redeemed, upon written request, within ninety (90) days after an equivalent amount of funds has been provided by a new or existing member. Redemption of member shares shall be subject to being offset by amounts otherwise owed to the Co-op by the redeeming Shareholding member.

Limit to Member-Owner Investment

Any total capital contribution you make to the Co-op beyond the member-owner equity investment amount ($200) will not be considered equity, but will be handled as a gift donation. Donations are happily and graciously accepted.