Matching Gift - GivingTuesday!
Double your Impact
What are Matching Gifts?
Matching gifts are typically a pillar of corporate philanthropy programs. A corporate giving program that essentially doubles an employee’s initial donation to an eligible nonprofit or organization.
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How do matching gifts work?
Matching gift programs vary by company, but here is the process in a nutshell:
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An individual donates to a nonprofit or organization of their choice.
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The individual submits a request for a match through their employer.
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The employer donates and verifies the donation with the nonprofit /organization.
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The employer matches the individual’s donation.
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Again, that’s the simple version.
Many companies also have a policy around match ratios, minimum and maximum amounts, and employee/nonprofit eligibility.
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Match Ratios
Most companies match at a 1:1 ratio, which means a dollar for a dollar match. But match ratios can span anywhere from .5:1 to 4:1. For example, a 1:1 match on a $50 donation means $100 total, while a 2:1 match on the same $50 gets you $150 total.
Minimum and Maximum Amounts
Companies also have minimum and maximum donation amounts that they’ll match. The most common minimum amount is $25, but these amounts range from $1 to $100. The maximum amounts have an even wider range. These amounts are often between $1,000 and $15,000, though amounts will still vary below and above that range.
Eligibility
You should also know that companies have restrictions on the types of nonprofits/organizations and employees that are eligible to receive or request a matched donation.
For nonprofits, most 501(c)(3) organizations are eligible for matching gift programs, including educational institutions, arts and cultural organizations, environmental organizations, health and human services, and more. The most common restriction is usually religious organizations, but it’s still up to the company.
For employees, their eligibility also depends on the company’s guidelines. This can include full-time, part-time, and retired employees.
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Double your Impact
Remember, without your donation, you can not set your double your impact in motion. Do the donation and save the proof of your donation because you have to upload it to the Matching Donation/Gift form which you will submit to your company and to the institution you donate to.
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Complete the Matching Donation/Gift form here.
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Should you have questions about GivingTuesday, please contact, Lourinda Nel, Fund Development Manager at: lourinda.nel@tdtfundformrse.net.za