Abstract: A rainwater collection and dispensation system for economically conserving water usage by using collected rainwater. The rainwater collection and dispensation system includes a gutter being adapted to be mounted along an edge of a roof of a building structure; and also includes a tank support member being adapted to rest upon a ground and being disposed beneath a portion of the gutter; and further includes a tank being securely and removably supported upon the tank support member; and also includes a drainage spout interconnecting the gutter and the tank for draining rainwater from the gutter into the tank; and further includes a rainwater dispensing assembly including an overflow pipe member being disposed through a wall of the tank for draining rainwater from the tank.