Did you know more than 18 million individuals work for companies with matching gift programs? Did you also know there is an estimated $6 to $10 million in matching gift funds that go unclaimed every year?
Wouldn’t it be great if you made a charitable gift knowing you impact could be doubled – sometimes tripled? Many companies offer a dollar for dollar match and some even provide 3:1 matching!
One group of Tennessee Tech alumnae made their companies matching gifts program work for them through the creation of the Epsilon Psi Chapter Leadership Fund where 70% of the funds needed to endow this fund came from company contributions. Through the generosity of alumnae and matching gift programs at Boeing Company, Coca-Cola Company, Colgate-Palmolive Company, and the Foundation for the Carolina’s, this fund was established in less than a calendar year.
In addition to matching gifts, 40 percent of Fortune 500 companies offer volunteer grant programs. For example, State Farm Companies Foundation will provide a $500 Good Neighbor Grant on behalf of each eligible employee or retiree who volunteers at least 40 hours a year to an eligible nonprofit organization. Currently, just two alumnae sisters take part in this program – Shari Seibert Arnold, Alpha Omicron – Oklahoma State University and Ann Eschelbach Wheet, Zeta Theta – Illinois State University.
If you’d like to find out if your company or organization has a matching gift or volunteer grant program in place, you can visit our Ways to Give page. Simply enter your company name in the Double the Donation box (located under Matching Gifts) to see what programs are in place and how to submit your request.