What is an Employee Matching Gift / Fund?
A matching gift, also known as a matching fund or matching donation, is a charitable gift given to The Highlands School by a matching donor (such as an employer), under the provision that an original donor (such as an employee) first makes a gift toward The Highlands. Corporate Matching funds are an easy way to increase your contribution.
Usually associated with corporate grant makers, employee matching gifts often are dollar-for-dollar, but some companies will give double or even triple the original donation. Some companies may also give matching gifts for employees’ volunteer efforts. Procedures vary with each company. Typically, individuals must submit forms to their employers. They usually can get more information about their matching gift benefits from their human resources department.
What is the Typical Procedure?
As an example scenario, an employee of a bank which matches gifts decides to make a gift to The Highlands School. Since this bank is a matching gift corporation, it will match the donor's $100 gift to The Highlands 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. This is a great way for a donor to double or even triple your gift to the school.
Matching gift programs generally consist of five steps:
1. Individuals donate
2. Donors submit matching gift request to their employer
3. Nonprofits validate grant requests
4. Corporations cut checks
Please reach out to your employer's human resources department to find out if your employer has a matching program.
Questions, please contact Jennifer Denney, firstname.lastname@example.org or the Business Office.