What does it mean when your donation is matched?

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.

How do you acknowledge matching gifts?

Should you wish to notify the donor that their employer match has been received, please do! I encourage you to be really specific. Your message should include the date, the amount of gift that was matched by the employer, as well as the total amount the donor will be recognized for and over what time frame.

Why do companies match 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. In other words, the employees have a say in how their company spends its giving budget.

What companies are matching donations right now?

15 Companies with Groundbreaking Matching Gift Programs

General Electric.
Disney.
Soros Fund Management.
Apple Inc.
Boeing.
Coca-Cola.
American Express.
Home Depot.

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.

How do donations get matched?

Donation matching, also known as matching gifts, is a way for corporations to make a charitable donation to a nonprofit by matching an employee’s contribution. The employer will then confirm that the donation was submitted to an eligible nonprofit, and will contribute their own donation to your organization.

How do you thank someone for a matching gift?

Matching Gift Acknowledgement Letter Subject: Thank you for submitting your match! Dear [donor’s name], We at [organization’s name] truly appreciate your support to our cause. Without your original donation of [donation amount] we would not have been able to [recent accomplishment].

Who gets credit for a matching gift?

While your donor applied for the match, the matching gift company made the gift. Therefore, the company should receive the credit for the matching amount. Your donor should only receive credit for the original amount they donated.

Can you deduct matched donations?

Since a matching gift is technically a donation, companies can deduct the matches they make from their reported income. Instead, when matching donations exceed 10 percent of the company’s annual income, companies can deduct the extra donations.

Does Amazon do donation matching?

Amazon does not have a matching program for charitable donations. “We are encouraging employees to donate through the holiday giving season, and have their donation doubled by Amazon, to support our neighbors in need.”

What charity is the best to donate to?

This list gives details on some of the best US charities to donate to during the coronavirus pandemic.

World Central Kitchen.
Crisis Text Line.
Heart to Heart International.
The New York Times Neediest Cases Fund.
Relief International.

Is it possible to match all of your donations?

(It might not be possible to “match” all of our money moved, but we could almost certainly provide “matching” for a short period, which would motivate people to give during that period and would also provide us with some data on the impact of matching on our audience.) But we’ve decided not to do this because we would feel dishonest.

Is there a donation matching program for GiveWell?

GiveWell may offer donation matching sometime in the future. If so, we will be explicit about whether it is influence matching or coordination matching (we wouldn’t be comfortable offering illusory matching, except perhaps as a joke – i.e.,

How does matching funds work for your cause?

A matching funds partner will inspire your regular donors to give even more because their donation will go further. The partnership will build a bigger buzz around your cause. Reach a new audience. Depending on the match, you could double the donations you receive.

What is a matching gift to a nonprofit?

Matching gifts are contributions that employers, or other parent companies, make to eligible nonprofits after an employee has made a donation on their own accord. They can be a great way to give your nonprofit’s fundraising a boost with little effort on you or the donor’s part.

Do you need permission to match a donation?

If your organization is considering using funds you’ve recently received to match new donations there are two approaches for ensuring your matching campaign is legitimate. Both require explicit permission and agreement by the Donor.

How to market matching gifts in the donation process?

While matching gifts won’t bring your organization twice as many designer denim pants, you can double the amount of donations that you’re already receiving by effectively marketing matching gifts to your donors during the giving process.