Corporate Matching Gifts
Corporate Matching Gifts are a type of philanthropy in which companies financially match donations their employees make to nonprofit organizations.
How Corporate Matching Gifts Work
When an employee donates to CCA, they’ll request a matching gift from their employer, who then donates to CCA. Companies usually match donations at a 1:1 ratio, but some will match at a 2:1, 3:1, or even a 4:1 ratio, which means Covenant will receive at least two donations for the work of soliciting one!
The most common donation minimum is $25, although it can range from $1 to $100. The maximum can range from $1,000 to $15,000, sometimes further in either direction. Min and max amounts vary by company, employee, and nonprofit type so every employer will have a different policy.
Different companies have different submission deadlines. Awareness of these dates ensures you don’t miss out on doubling, tripling, or even quadrupling your donation!
Standard match request submission deadlines include the following:
- End of the calendar year.
- A set number of months after the date of the donation, most often 3-12 months.
- End of January, February, or March in the year after the donation was made.
Does your company participate in a matching gift program? Contact your company’s Benefits Administrator or reach out to us at email@example.com to help you find out!