Does your company gift match to a 501(c)3? Find out more here. For some corporations, if you donate to a 501c3, they will match your individual contributions up to a certain amount. Check with your local company first. Every dollar helps to keep our athletics going and successful. Directory of programs as of 12/2022
Matching Gift Programs
Matching gifts are a type of giving program that is set up by companies and corporations as an employee benefit. After an employee donates to a nonprofit, they can submit a matching gift request to their employer and the company will make an additional donation to that nonprofit.
The process of collecting matching gifts
Though each program is unique, the steps for collecting matching gifts are actually quite uniform. The process consists of the following five steps. The process is really quite simple and quick. The most vital step of the process is number two; an organization must do everything it can to encourage a donor to submit that matching gift request to their employer.
An employee makes the initial donation: The first step is always that initial donation. There can be no matching gift without an initial gift to match!
Employee submits matching gift request: This is the most crucial step in the process. A donor must take a few minutes to request the matching gift from their employer. A nonprofit organization or educational institution can not make that request, even when they know that a donor is eligible.
Employer checks donation eligibility: Often companies will have someone on staff who is dedicated to matching gifts. This person (or team) will make sure that a donation is within the specified minimum and maximum amounts, check the employee’s employment status, and make sure that the organization itself is covered by the program guidelines.
Employer verifies donation: Once the donation is verified as match-eligible, the company will contact the nonprofit organization or educational institution to confirm the donation amount, date, and donor.
The organization collects the matching gift: The last stage, of course, is when the organization receives that matching gift from a company.