What are corporate matching gift programs?
Corporate matching gift programs are charitable giving programs setup by corporations in which the company matches donations made by employees to eligible nonprofit organizations. For example, if a donor works for Bank of America and donates $100 to Eternity, Bank of America will double the donation by also writing a check for $100.
Thousands of companies offer matching gift programs. A few examples include:
- Johnson & Johnson – Triples donations with $2:$1 matches for current employees while also doubling donations for retirees.
- Bank of America – Matches donations $1:$1 up to $5,000 annually per employee.
- Home Depot – Matches donations $1:$1 up to $3,000 annually per employee.
The list goes on! Starbucks, Amgen, Boeing, and more! The impact of these programs can be substantial! In 2011, Microsoft matched $48.9 million worth of employee donations to schools and 501(c)(3) nonprofits. More than 15 million employees work for companies with matching gift programs! In many cases, you can go back and claim gifts given up to a year ago!