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Thousands of private companies and corporations give
generously to non-profit educational institutions each year.
Some companies offer an employee Matching Gift Program as
part of the employee benefit package.
A matching gift program benefits both the employer and
the employee. By matching employee gifts, businesses are
assured that they are supporting causes important to their
employees and their community. There is also a benefit to
the participating company. Matching gift programs are a
strong employee incentive and an important boost to employee
morale. An employee of a matching gift company can take
advantage of the program and double, triple, or even
quadruple gifts to the Harford Community College Foundation,
Inc.
Frequently Asked Questions
What are Matching Gifts?
Matching gifts are a vitally important source of funds
for educational institutions and nonprofit charitable
organizations. They are also an increasingly important way
for companies to allow their employees to direct a portion
of the monies earmarked for charitable contribution.
Over the years, companies extended their gift giving to
other charitable organizations. Today museums, hospitals,
public television networks, and community organizations are
among the nonprofits that receive corporate matching gifts.
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Why Do Companies Establish Matching Gift Programs?
Matching gifts are a way for companies to show their
appreciation for quality institutions and to ensure that a
supply of educated personnel will continue to be available
to them.
Companies often want to support educational institutions
and nonprofit organizations where their offices and plants
are located.
A matching gift program can be an employee benefit as
well as a gesture of appreciation by directors. They
encourage a company's employees to give, thus expanding the
base of contributions to institutions.
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How Does the Matching Gift Process Work?
The employee obtains a matching gift form from his or her
employer. The forms should be available from the human
resources department.
The form should be filled out and sent to the
institution/organization in accordance with the guidelines.
Each gift to HCCF is a potential employer match. For
example, through an individual contribution of $100 to HCCF,
an employer may contribute a gift ranging from 50% ($50) to
400% ($400) of the gift, depending on the employer's policy.
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What is the Advantage?
Each gift to HCC is increased, at no additional cost to
the donor. In addition, the donor is credited with the total
contribution; the matching gift counts toward membership in
the Circles of Giving.
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How Do I Take Advantage of This Program?
Contact the human resources or personnel department to
obtain and complete a matching gift form. Mail the form with
your gift. Include a matching gift form each time a
contribution or payment on a pledge is made. The College
handles the rest.
For more information on HCC's corporate matching gift
program, or to find out if your company matches gifts to the
Foundation, contact us.
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