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What is a matching gift program?
Employee matching gift programs are a type of corporate philanthropy set up to encourage employees to give back to their communities. These companies encourage community outreach by making donations to the same nonprofits that their employees have donated to.
The specifics of these programs vary from company to company, but the elements that shape these guidelines are always the same:
- Match ratio: This defines what kind of donation the company will make in relation to the employee’s initial contribution. A 1:1 ratio indicates that the company will donate the exact same amount, doubling the contribution to the employee’s chosen nonprofit.
- Minimum and maximum: The minimum refers to the amount an employee must donate to qualify for a matching gift. The maximum is the total amount that a company will donate in matching contributions per employee annually.
- Employee status: Sometimes, the employee’s role at the company can affect the match that they qualify for. For example, Gap Inc. offers a $1,000 maximum to part-time employees and a $10,000 maximum to Senior VP’s.
- Nonprofit eligibility: Some programs offer different matches based on the nonprofit being donated to. ExxonMobil offers a higher match for donations made to educational institutions than for donations made to cultural organizations.
- Deadline: Every program identifies a deadline when the matching gift request must be submitted by the employee. This deadline can be either a firm date (December 31st is common) or a threshold based on the date of the initial donation (90 days after donation is made).
How can I request my employer to match my donation?
Requesting a matching gift or volunteer grant is normally a five minute process which must be initiated by the donor / volunteer. You can do this by filling out and submitting a paper match form provided by your employer or through an electronic submission process.
Frequently Asked Questions
What are employee matching gift program?
Employee matching gift programs are corporate giving programs in which the company matches donations made by employees to eligible nonprofit organizations. It’s an easy way to double your contribution!
What are volunteer grant programs?
Volunteer grant programs are corporate giving programs in which companies provide monetary donations to organizations where employees volunteer regularly. If you volunteer with us, it’s an easy way to provide us with additional financial support!
How do I request a matchmaking gift or volunteer grant?
Requesting a matching gift or volunteer grant is normally a five minute process which must be initiated by the donor / volunteer. You can do this by filling out and submitting a paper match form provided by your employer or through an electronic submission process.
What if I still have questions?
For questions regarding your company’s programs, please contact your employer’s HR or community giving department. Much of the necessary information should also be available on your company’s intranet.
What if I have questions for MAS?
Please email us at [email protected].