What is it?
Many companies want to support the causes which are important to their employees. So these companies set up charitable giving programs through which they match employee donations to eligible 501(c)(3) organizations (non-profits). Some employers’ donations are equal to the amount given by the employee, while other employers offer a variety of matching amounts. These donations are tax deductible.
Volunteer Grants are another form of gift matching. Some companies offer monetary donations to match an employees’ volunteer work. In these cases, companies will donate a certain amount of dollars per hour or a certain amount of dollars after so many hours to the non-profit organization. You don’t have to volunteer at the same organization where the money is donated.
How does it work?
Matching gift programs generally consist of five steps:
- Individuals donate.
- Nonprofits notify eligible donors.
- Donors submit matching gift requests.
- Nonprofits validate grant requests
- Corporations cut checks to the non-profit
Where do you go from here?
- Check the list below to see if your employer or your spouse’s employer is listed?
- If not, check with your employer or your spouse’s employer to see if they have a gift match or volunteer grant program.
- Contact your Human Resource Department to begin the process.
What companies offer?
- Active Network
- Assurant – Easy Match
- Bank of America
- Deloitte Truist
- GE Foundation
- Kimberly Clark Foundation
- Safelite Auto Foundation
- State Farm
- Turner Broadcasting