Did you know many national and even international companies also offer what’s called a “fundraising match program”? This means that a company will match all of the funds raised by an employee for a fundraising activity, including walks, runs, and/or biking events.
Companies Matching Employee Fundraising Efforts for Walk, Run, and Bike Type of Events:
Intuit is a software company that develops financial and tax preparation software. It has 8,500 employees and offers a comprehensive matching gift program to its employees.
Intuit’s matching gift program includes an individual match, in which the company will match an employee’s donation of up to $2,000 to a nonprofit organization or educational institution of his or her choosing. In addition, Intuit’s corporate giving programs include a fundraising match. Intuit matches all of the money personally raised by an employee for a fundraising event.
There is a combined $2,000 maximum match (for both individual and fundraising matches) per employee every year.
McAfee, the world’s largest security technology company, is a computer security software organization located in California that was recently acquired by Intel.
McAfee offers both individual matches (at a 1:1 ratio), and fundraising matches (also at a 1:1 ratio).
There is a combined $1,000 company matching limit per employee.
British Petroleum (BP)
BP, the fifth-largest company in the world by revenue, is an international oil and gas company headquartered in London. BP employs nearly 80,000 people across the world with a large presence in the United States.
BP’s employee grant programs include the traditional personal donation matches, as well as matches for money raised from employees’ friends and family members. BP will match a maximum of $5,000 per employee, per year.
State Street Corporation
State Street is a financial services holding company that was founded back in 1792 in Boston. After many years of successful growth, the company now employs more than 30,000 people internationally.
State Street offers a matching gift program for employee donations called GiveMore, which matches at a 1:1 ratio. Within this program, annual matching limits are extremely generous but also vary by role:
- Board of Directors, CEO, President and Vice Chairs can receive up to $35,000 in matching funds.
- Executive Vice Presidents can receive up to $25,000.
- Senior Vice Presidents can receive up to $15,000.
- All other employees can receive up to $5,000 in matching funds.
State Street also offers a fundraising match program called CollectMore, where the company will match an employee’s fulfilled fundraising pledges. Limits in the CollectMore program are lower, but nonetheless, being able to have funds matched is an incredible benefit for employees participating in a fundraising walk, bike, or ride type of event.
Penguin Random House:
Penguin Random House matches employee donations of up to $2,500 per employee per year to most 501(c)(3) nonprofits.
To sweeten their program even further, Penguin Random House has a Fundraising Match Program where the company will match up to $1,500 per employee (included in the $2,500 per employee annual maximum), per calendar year, for money raised personally by employees for fundraising events to qualifying nonprofit organizations with 501(c)(3) tax exempt status.
Types of fundraising events include, but are not limited to, walk-a-thons, bike-a-thons, and 5K’s to name a few. Each fundraising request will be considered on a case by case basis.