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The full 10% goes to the church to use for buildings, printing, some activities, etc...
There is also a monthly donation (as seamusz mentioned) that is used to help the needy.
The 10% tithing goes straight to church headquarters, where it is then used for:
# Constructing temples, chapels, and other buildings.
# Providing operating funds for the Church.
# Funding the missionary program.
# Preparing materials used in Church classes and organizations.
# Temple work, family history, and many other important Church functions.
# Education.
The monthly donation (called a Fast Offering) is given to the local leadership to use first within the local neighborhood. What isn't used at that level can be distributed to people in more geographically distant areas.
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