Table of Contents
- 1 How do matched donations work?
- 2 Where do matching funds come from?
- 3 How does double the donation work?
- 4 Which companies do donation matching?
- 5 What does it mean to match a donation?
- 6 Is double the donation a nonprofit?
- 7 How do you announce matching funds?
- 8 Which companies do match funding?
- 9 Do companies match employee donations to nonprofits?
- 10 Can a non-profit make a matching gift request?
How do matched donations work?
What are matching gifts? Corporate 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 the matching gift from their employer, who then makes their own donation.
Where do matching funds come from?
Matching funds are funds that are set to be paid in proportion to funds available from other sources. Matching fund payments usually arise in situations of charity or public good. The terms cost sharing, in-kind, and matching can be used interchangeably but refer to different types of donations.
How does double the donation work?
The Double the Donation search functionality works like this: The donor begins typing in the name of their employer. The database autocompletes the search, suggesting companies to the donor. The donor chooses the correct option and is taken to the entry.
How do you get matching funds from a major donor?
How To Get Matching Funds from a Major Donor
- Review your major donors for the right donor(s) Look for a donor who either a) hasn’t given a gift yet this year, or b) you think has the capacity to give another gift at year-end.
- Approach the donor with a question.
- Share the stats with them.
- Give them a deadline.
Why do companies do matching donations?
Matching employee donations puts the research responsibilities on the employee, not the company. It also avoids debates about which nonprofits should receive funds by democratizing the process. When an employee shows their employer which causes they care about, companies know how to allocate their giving budget.
Which companies do donation matching?
Top Matching Gift Companies
| Matching Gift Company | Match Ratio | Max Match Amount |
|---|---|---|
| Gap Corporation | 1:1 | $10,000 |
| State Street Corporation | 1:1 | $35,000 |
| ExxonMobil | Up to 3:1 | $22,500 |
| CarMax | 1:1 | $10,000 |
What does it mean to match a donation?
Donation 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.
Is double the donation a nonprofit?
Double the Donation has the largest and most accurate database of matching gift and volunteer grant information in the nonprofit industry so your donors don’t miss a match opportunity. Learn how we build and maintain our database.
What does match a donation mean?
How do you announce a matching donation?
We recommend using “Matching Gifts,” “Double your Donation,” or “Matching Gift Company Search.” On the other hand, we don’t recommend nonprofits use wording such as “Corporate Matching” or “Corporate Giving” since these don’t resonate with individual donors.
How do you announce matching funds?
If you have a match on your campaign and want to drive donations, here’s a few email heading ideas you can consider:
- You Can Make Double The Impact For [Insert Cause]
- Only X Days Left To Double Your Impact.
- Today, Every Dollar Will Be Doubled.
- Donate Once, Make Twice The Impact.
Which companies do match funding?
Generally speaking, banks and building societies, insurance companies, supermarkets, utilities providers, phone companies and car manufacturers are known to offer match-funding schemes.
Do companies match employee donations to nonprofits?
Here’s the point: 65\% of large companies in the U.S. match employee donations. Matching gifts can mean more money for your nonprofit without having to ask your supporters for more donations. 2. How do matching gift programs work? The process for matching gifts is simple and standardized. It can be broken down into four steps:
What is the double the donation matching gift plan?
With this plan, your donors will have access to Double the Donation’s extensive database of matching gift programs, thus increasing your annual matching gift revenue. This plan is perfect for organizations collecting between $3,000 and $15,000 in matching gifts.
How do corporate philanthropy and matching gifts work?
When an employee makes a donation, they’ll request the matching gift from their employer, who then makes their own donation. Companies usually match donations at a 1:1 ratio, but some will match at a 2:1, 3:1, or even a 4:1 ratio. Corporate philanthropy and matching gifts are valuable because they are free money for your nonprofit!
Can a non-profit make a matching gift request?
Unfortunately, the nonprofit can not make the matching gift request; the donor has to do it. The most effective action for a nonprofit to take is communicating with every potential donor about matching gifts.