Maximizing employee matching gifts from a nonprofit’s donors is a critical element of fundraising for any organization.
Double the Donation often receives requests from Boston-based nonprofits asking if there are companies in their city offering employee matching gift or volunteer grant programs.
To clear up some of the confusion, we’ve highlighted a few of the top companies in Boston that offer to match donations from their employees.
Matching Gift Programs from Large Boston Companies
Boston is the largest city in Massachusetts and has a diverse local economy consisting of companies in the financial services, publishing, media, and nearly every other industry.
A big question every nonprofit with a large Boston donor base should be asking is, “Are we taking full advantage of philanthropic giving from corporations in Boston?”
With the 6th largest economy in the country and many companies putting their headquarters in the city, Boston based nonprofits have a lot to gain from researching the companies in their city with matching gift programs.
List of Corporate Matching Gifts
We’ve compiled a short list of some of the companies located in Boston that offer matching donations. For more info on how you and your organization can increase fundraising from employee matching gifts, check out Double the Donation’s service offerings.
Responsible in part for Boston’s status as a top financial center, Fidelity Investments matches employee donations between $50 and $3,000.
While the program company’s program is generous, only donations made to educational institutions (ex. colleges, universities, and educational organizations) are eligible.
Houghton Mifflin Harcourt is a major publishing firm headquartered in Boston. It matches gifts up to $2,500 to a wide variety of nonprofits including:
- Educational institutions (K-12 included)
- Health and human services
- Arts and cultural organizations
- Civic and community organizations
- Environmental organizations
Both full and part time employees are eligible for this program.
Raytheon will match any gift greater than $25, up to $5,000 made to an educational institution. This includes both public and private higher education institutions, as well as K-12 programs.
With a large presence in multiple states across the US, Raytheon has enough employees to make a huge impact on your organization if any of your donors happen to work for this company.
Thomson Reuters will match employee donations up to $1,000 each year to nearly all educational institutions and 501(c)(3) organizations. A unique aspect of this company’s program is that it is open to all global employees (ex. Canada, UK, USA, India, etc.)
Thomson Reuters also offers a very generous volunteer grants program! An organization is eligible for a $500 grant from Thomson Reuters after an employee volunteers 20 hours in a year.
State Street Corporation
The State Street Corporation has one of the most generous employee giving programs in the game. It consists of an individual matching gift program, a fundraising match program, and a volunteer grant program.
In terms of the matching gift program, State Street will match any employee’s donation up to $5,000 to nearly all nonprofit organizations. And depending upon the seniority of the employee, he or she could be eligible for a match of as much as $35,000 per year.