Double Your Gift to Rimland!
Do you work for Apple or Microsoft or UBS? Each of those companies have employee Matching Gift Programs. About 65 percent of Fortune 500 companies (and many others) match donations made by employees to a wide range of nonprofits to support employee charitable giving and to extend corporate philanthropy. The procedure is that an employee first makes a gift to the 501(c)(3) nonprofit organization and then requests a matching gift from their employer.
Matching gifts, aka matching donations, are free money that nonprofits often miss out on because the corporate matching process is not well-known to employees. Corporate employee matching charitable gifts often are dollar-for-dollar, but some companies give double or even triple the employee’s donation. This can be a valuable source of support for Rimland!
For example, The Gap Corporation, which includes Banana Republic, Old Navy, and others, offers a matching gift program that will match donations made to almost all types of nonprofits. Match limits range from $1,000 annually for part-time employees to as much as $10,000 for Senior VPs and above.
All Johnson & Johnson employees and retirees are eligible to request up to $10,000 in personal contributions to be matched each year. It’s a 2:1 matching ratio for current employees and a 1:1 rate for all retirees. Johnson & Johnson double-matched employee contributions in 2015 to the tune of more than $15 million allocated through their U.S. Matching Gifts program.
CarMax goes one better. In addition to their 1:1 match on all donations to nearly every nonprofit, the company also matches donations made by an employee’s dependents until they turn 26. Further, CarMax will match per employee or family member each calendar year in any combination of volunteer hours or donations (up to $10,000).
Boeing, headquartered in Chicago, matches employee and retiree donations to most nonprofits. The company provides a dollar for dollar match on the first $6,000 donated per employee and a 50% match on donations from retirees.
Often, corporate contribution budgets are established well before the start of each fiscal year, with giving based on a percentage of year-end pretax income. The budgets may vary from year to year as fluctuations in year-end pretax income become apparent.
Please call your HR department TODAY to see if your employer has a matching gift program and find out how you can participate. Rimland will be glad to provide verification of your contribution.
Thank you for thinking of us!