Matching gift

Matching gift

A matching gift, also known as a matching fund or matching donation is a charitable gift made toward a non-profit organization by a matching donor (e.g., an employer) under the provision that an original donor (e.g., an employee) first makes a gift toward that organization.[1][2]

Contents

Typical procedure

As an example scenario, an employee of a bank which matches gifts decides to make a gift to his or her charity of choice. Since this bank is a matching gift corporation, it will match the donor's $100 gift to the charity at a 1:1 ratio, for a total of $200. In this manner, this donor increases the value of his or her gift simply by participating in the matching program, and will be recognized at that giving level by the charity.

In order to procure the matching funds, this employee would submit a form to his or her employer's human resources department.[3]

Less common matching gift situations

Usually, matching gifts are equal to the amount given by the original donor, i.e. a 1:1 ratio. For example, if a donor makes a gift of $100 to an organization, the matching company will also give $100, making the total gift worth $200. While 1:1 matches are the most common, matching gifts can be of a variety of ratios, including 0.5:1 (the matching company giving $50 for every $100 given by the donor) and 3:1 (the matching company giving $300 for every $100 given by the donor).

Some matching gift corporations offer matching gift programs to the spouses of their company employees and retirees from their companies.

In lieu of a formal matching gift program, some well-known corporations such as Apple provide other charitable support, such as donated computers, to their non-profit organizations of choice.

Some companies also match gifts for employees’ volunteer work. In these cases, companies will donate either X dollars per hour of volunteering that an employee did on their own time or Y dollars after say 50 hours. This can be a major source of fundraising for a non-profit. [4]

Non-profit organizations sometimes receive "challenge matches," wherein a given donor, rather than giving a large gift outright, offers to give the organization a large donation with the stipulation that only as much as is raised from other donors within a certain span of time will be actually given to that organization.

Results

Non-profit organizations encourage more giving and generally raise more funds when matching gifts are offered to prospective donors, due to the increased incentive associated with the match. It can be a challenge for non-profits to identify which companies offer matching gift programs, but effectively managing those interactions between donors and employers can materially impact a non-profit's fundraising results.

A matching gift, typically a one-time charitable gift made by an employee and matched by the employer, should not be confused with an employer matching program, which has to do with the employee's 401(k) plan and retirement.

External links

See also

  • Employer matching program

References

  1. ^ http://www.matchinggifts.com/
  2. ^ http://grantspace.org/Tools/Knowledge-Base/Funding-Resources/Corporations/Matching-gifts
  3. ^ http://grantspace.org/Tools/Knowledge-Base/Funding-Resources/Corporations/Matching-gifts
  4. ^ http://grantspace.org/Tools/Knowledge-Base/Funding-Resources/Corporations/Matching-gifts

Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Matching donations — or matching gifts is a charitable practice where an individual or organization pledges to give an equal amount of money to a certain organization, where the amount given is equal to the amount raised in individual gifts. The practice of matching… …   Wikipedia

  • GIFT GIVING —    The ritual of gift giving was particularly important in the Orientalizing period, when many personal objects were inscribed with the name of the owner or the act of donation to a god. A good example of the first is the mi larthia inscription… …   Historical Dictionary of the Etruscans

  • White elephant gift exchange — A white elephant gift exchange is a popular holiday party game found primarily in North America. It has many variations in both the name and the game play. Generally, white elephant parties need a minimum of six participants. With a larger group …   Wikipedia

  • The Monty Python Matching Tie and Handkerchief — Studio album by Monty Python Released …   Wikipedia

  • The Gift Horse — Infobox Television episode | Title = The Gift Horse Series = Frasier Season = 5 Episode = 02 Airdate = 30 September 1997 Production = 40571 012 Writer = Ron Darian Director = Pamela Fryman Prev = Frasier s Imaginary Friend Next = Halloween (1)… …   Wikipedia

  • Penfield, Georgia — in the United States was established shortly after 1829 in Greene County, Georgia, was named in honor of Josiah Penfield (c.1785 1828), a Savannah merchant and silversmith, who bequeathed $2,500.00 and a financial challenge to the Georgia Baptist …   Wikipedia

  • Jones AT&T Stadium — The Jones [1] …   Wikipedia

  • Baruch College Alumni Association — The Baruch College Alumni Association (BCAA) was founded in 1968 as a nonprofit 501(c)(3) organization that supports the goals of the students, faculty and alumni of Baruch College and its three schools: the Zicklin School of Business (the… …   Wikipedia

  • National Minority AIDS Council — The National Minority AIDS Council (NMAC), a nonprofit organization located on the U Street Corridor of Washington, D.C., was founded in 1987 to “build leadership within communities of color to address the challenges of HIV/AIDS.” The sole… …   Wikipedia

  • Orchkids — The Baltimore Symphony Orchestra’s OrchKids is an after school program designed to effect social change and nurture promising futures for youth in Baltimore City’s low income neighborhoods. In collaboration with a broad array of community… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”