Title: When Do I Recognize a Corporate Matching Gift? A Comprehensive Guide Introduction: When it comes to identifying and acknowledging corporate matching gifts, it is essential to have a clear understanding of the process. This review aims to provide a simple and easy-to-understand explanation of when and how to recognize a corporate matching gift. By following the guidelines outlined below, individuals and nonprofit organizations can maximize the benefits of corporate matching gift programs in the United States. I. What is a Corporate Matching Gift? - Definition: Corporate matching gifts are charitable contributions made by companies to match their employees' donations to eligible nonprofit organizations. - Purpose: These programs aim to encourage employee philanthropy and amplify the impact of individual contributions. II. When to Recognize a Corporate Matching Gift: 1. Confirm Eligibility: - Check if the company offers a matching gift program: Many companies have dedicated matching gift programs, so it's important to determine if the donor's employer participates. - Ensure the nonprofit organization is eligible: Nonprofit organizations must meet the criteria set by the company to qualify for matching gifts. 2. Inform Donors: - Educate potential donors about matching gift programs: Raise awareness among supporters about the opportunity to double their donations by mentioning corporate matching gifts on your organization's website, social media platforms
What does it mean for a gift to be matched?
Hear this out loudPauseDonation matching is a corporate giving initiative in which an employer matches their employee's contribution to a specific cause, increasing the gift. For example, if a Kindful employee donates $50 to a local organization, the matching gift would be Kindful's additional donation of $50.
How does a matching gift work?
Hear this out loudPauseCorporate matching gifts are a type of philanthropy in which companies financially match donations that their employees make to nonprofit organizations. When an employee makes a donation, they'll request a matching gift from their employer. The employer then makes their own donation to the nonprofit.
What is matched giving?
Hear this out loudPauseMatched giving (also known as match funding) gives your employees the chance to boost their fundraising since their employer matches the money they've raised. Some companies offer this on a pound-for-pound basis, while others will specify the amount they're prepared to give.
Do you acknowledge matching gifts?
Hear this out loudPauseIf you recognize the name of a smaller, local company matching an employee's gift, you can send an acknowledgment. As always, corporate matching gift programs vary. If you receive a matching gift and the company requests an acknowledgment letter, be sure to send one.
Why is matching gifts important?
Hear this out loudPauseNonprofits benefit from matching gifts because they receive an additional donation for the work of soliciting one, allowing them to elevate their revenue potential with ease. However, many organizations continue to underutilize this fundraising opportunity.