Matching Gifts
Magnify the impact of your gift today with matching donations!
Many employers today recognize the importance of corporate social responsibility and actively encourage their employees to engage in charitable giving. One of the ways they support their employees’ philanthropic efforts is through matching donation programs.
These programs are designed to match the charitable contributions made by employees, potentially doubling or even tripling the impact of their donations. In some cases, gifts from employees’ spouses and retirees may also qualify for a match, further extending the reach of the program.
If you’re passionate about supporting a particular cause or organization, it’s worth exploring whether your employer has a matching donation program in place. By taking advantage of this opportunity, you can amplify the impact of your charitable donations and make an even greater difference in the community.
However, before diving into your search, it’s essential to understand how matching donation programs work and what criteria may apply.
Information you may need when completing your gift match request:
The Valley of the Sun YMCA’s Federal ID: #86-0096799
Valley of the Sun YMCA
ATTN: Financial Development Department
350 North 1st Avenue, Phoenix, AZ 85003
(602) 688-5353
EMAIL: skfc@vosymca.org
Searching for Your Employer’s Matching donation Program
One way to find out if your employer has a matching donation program is to utilize the search tool called Double the Donation. Double the Donation is a platform dedicated to helping individuals discover if their employers offer matching donation programs.
You can visit their website and search for your employer’s name in their database. This tool will provide information on whether your employer has a matching donation program and how you can participate.
Consult Your Employer
In addition to Double the Donation, you can also consult your employee handbook, intranet, or reach out to your HR department for information regarding matching donation programs.
Some employers may have specific guidelines and procedures that you need to follow in order to participate in their matching donation program.
Understanding Matching donation Program Guidelines
Matching donation programs typically have specific guidelines and limitations that govern the matching process. These guidelines can vary from one employer to another, so it’s crucial to familiarize yourself with your company’s policies. When using Double the Donation’s search tool, you will also be provided with information about the specific guidelines and requirements of your employer’s matching donation program.
These guidelines may include eligibility criteria, such as the types of organizations that qualify for a match, the minimum and maximum donation amounts that are eligible, and any deadlines for submitting matching donation requests. It’s important to review and understand these guidelines to ensure that your donations meet the requirements for a match.
Maximizing the Benefits of Matching Donation Programs
To maximize the benefits of matching donation programs, consider the following tips:
- Keep track of your donations and ensure you meet any minimum or maximum requirements for eligibility.
- Submit your matching donation requests in a timely manner, adhering to any deadlines set by your employer.
- Spread the word about matching donation programs to your colleagues, encouraging them to participate and increase the impact of their donations as well.
1. Maintaining Documentation of Donations
To ensure a smooth process when submitting a matching donation request, it’s essential to maintain proper documentation of your donations. Keep copies of receipts, acknowledgment letters, or any other proof of your charitable contributions. This documentation will be required when filling out the matching donation form provided by your employer.
2. Familiarize Yourself with Tax Implications
Matching donations may have tax implications for both your original donation and the matched amount. It’s advisable to consult with a tax professional or review relevant tax guidelines to understand any tax benefits or obligations associated with your contributions and matching donations.
3. Exploring Volunteer Matching Programs
In addition to monetary donations, some employers offer matching programs for volunteer hours. If you actively volunteer for a nonprofit organization, inquire whether your employer has a volunteer matching program in place. This way, you can not only amplify the impact of your time and effort but also potentially maximize your employer’s support.
4. Participating in Annual Giving Campaigns
Many employers organize annual giving campaigns to encourage employee participation in charitable giving. These campaigns often include matching donation programs as a key component. Take advantage of these opportunities to donate during specific periods when your contributions may be matched at a higher rate, further magnifying the impact of your gift.
5. Researching Other Matching Donation Platforms
While Double the Donation is a valuable resource, there are other platforms and websites dedicated to matching donation programs. Explore alternative resources and search tools to ensure you have comprehensive information about your employer’s matching programs and any potential opportunities for increased impact.
6. Donating Appreciated Securities
Consider donating appreciated securities, such as stocks or mutual funds, to maximize the impact of your contribution. By donating these assets directly to a nonprofit organization, you may be eligible for a match from your employer. Additionally, donating appreciated securities can have potential tax advantages for you as the donor.
7. Staying Informed about Policy Changes
Employer policies and programs can change over time. Stay informed about any updates or modifications to your employer’s matching donation program. Regularly check for communications from your HR department, review employee handbooks, or visit your company’s intranet to stay up to date with the latest information.
By being proactive and informed, you can make the most of your employ