Have You Met Your Match?
If not, your organization might be leaving employee matching-gift and volunteer-grant money on the table.
How do they work?
Unfortunately, matching-gift and volunteer-grant programs are hardly uniform across organizations. In general though, the corporate guidelines do specify the following:
- Which organizations are eligible? Examples include schools, arts and cultural organizations, community groups, etc.
- What is the matching-gift ratio? How much are volunteer hours worth?
- What is the maximum annual contribution per employee?
- Which employees are eligible to participate? Examples include part-time, board members, retirees, spouses, etc.
- How do employees submit grant requests? Microsoft developed an internal website. Pepsi and Aetna contract out the program administration to third-party companies. American Express and Harley-Davidson use paper applications.
Although many specifics vary, the process can be summed up in five steps:
Adam Weinger is president of Double the Donation, an organization that helps nonprofit organizations and schools increase fundraising from corporate matching gift and employee volunteer grant programs.
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