What is a matching gift?
A matching gift is a charitable donation your company gives on your behalf. It is based on donations you’ve provided an organization.
How do companies decide which organizations to support?
According to Double the Donation, “restrictions for eligibility ultimately fall to the employer, but the most common restriction is for religious organizations.” Some companies choose to only support organizations with similar missions while many others cast a wider net.
How much money do companies match?
This varies by company. Most companies provide a 1:1 match (if you donate $100, they will donate $100) but some triple or even quadruple employee gifts. No matter the amount, a match allows your donation to go even further!
Does my company offer matching gifts?
Because each company handles gifts differently, you will want to check with yours. Matching gift information might be included in the employee handbook or on the company website. Human resources is usually a great place to start.
What is the typical matching gift process?
An employee donates money to the KCNQ2 Cure Alliance.
The employee contacts his or her company to get the appropriate paperwork.
The employee fills out paperwork and initiates the process defined by his or her company.
The KCNQ2 Cure is notified once the paperwork has been completed.
The KCNQ2 Cure verifies the donation.
The KCNQ2 Cure notifies the company.
The company releases the matching gift.
The company will often notify the employee once the match has been processed.
Note: Most matching programs payout on a standard schedule (i.e. quarterly or bi-annually), so it may be a while before you hear from yours.