What is corporate matching? When a company recognizes the charitable actions of their employees and decides to match that same altruistic nature through financial means. The following companies practice corporate matching (and are in no particular order).
1. General Electric
Today, the GE Foundation matches over 35 million dollars annually to nonprofit and educational institutions.
Matching up to over $12,000 in donations per employee each year, Google has been highlighted as a company that not only matches charitable giving, but also matches funds employees personally raise for charities.
Matching to nearly every nonprofit organization, CarMax’s 1:1 match policy on all donations applies to not only all employees, but all of the employees’ dependents until the age of 26.
4. Soros Fund Management
This company has the highest matching gift ratio (3:1 match for employees and 2:1 match for partners) of any corporation, creating a high incentive for Soros families to give.
Boeing matches both employee and retiree donations. In addition, they provide a $100 grant to a nonprofit every time an employee participates in a charitable event (run/walk/bike type events).
This company offers every type of employee giving with their generous giving programs. BP allows for the public to track all of its charitable spending in addition to the standard 1:1 matching.
7. Gap Corporation
Including many of the Gap subsidiaries, Gap employees can request matches made to majority of nonprofit based organizations. They also offer the most comprehensive and user-friendly online match system. Gifts made within the company can range from $1,000 to $10,000.
Through employee giving within the company, more that $1 billion was donated to charitable organizations within the match program.
9. Johnson & Johnson
All company employees, including retirees, are eligible to request up to $10,000 in donation matching. They also have a 2:1 matching ratio for current employees, and a 1:1 rate for all retirees.
10. Bank of America
With a 1:1 matching for all family members, including those of part-time employees, Bank of America has a $5,000 matching cap and has a longer period of acceptance for those matches than other companies.
– Alysha Biemolt