Matching Gifts FAQ | Hopelink Hopelink

Matching Gifts FAQ

Matching Gifts FAQ

 
What is an employer Matching Gift?
Many companies set aside special funds each year to match contributions their employees make to qualified non-profit organizations. Most often, the companies match contributions dollar for dollar, but matches can vary. Check your company’s matching guidelines. Employer matching gifts increase the impact of your personal support and mean more resources for the community Hopelink serves.
 
What do I need to do to get my gift matched?
The employee must initiate the matching gift process. This usually means contacting your employer or former employer to obtain the proper form, completing the form, and mailing it to Hopelink as soon as possible. Hopelink verifies that the contribution was received, and that it qualifies for a match. Hopelink then sends the form to your employer for verification. If all of you company’s matching gift guidelines are met, they will issue the matching funds to Hopelink.
 
How can I verify to my company that Hopelink can receive charitable contributions?
Hopelink is a 501(c)(3) nonprofit organization. Hopelink’s Employer Identification Number (EIN) (i.e. Federal Tax Identification Number), is 91-0982116. Hopelink is registered with the State of Washington Secretary of State’s Charitable Solicitations Program, and is in full compliance with the State of Washington Charitable Solicitations Act. (Secretary of State’s Charities Hotline: 800.332.GIVE.)
 
After I submit the matching gift form, will all my future contributions be matched too?
NO!! Unfortunately this is a common misconception. You must submit a matching gift form with EACH contribution that you make to Hopelink. Some supporters request several forms at once and then just send one with each donation they make.
 
Are there restrictions on matching contributions?
Most companies require Hopelink to deduct the fair market value of any thank-you gift you received and will only match the remaining portion of your donation. Most companies also require a minimum contribution to qualify for a match.
 
Must I be a full-time active employee to have my contributions matched?
Not at all! Most companies match gifts from part time employees and retirees, too. Some companies also match gifts from spouses, annuitants, and directors, as well as matching volunteer hours.
 
Is there a time limit on eligibility to get my contribution to Hopelink matched?
Companies do require that Hopelink complete and return the form within a set time period, usually within 90 days – sometimes within the same calendar year that the gift was made. We recommend that you submit your form to Hopelink at the same time you make your contribution or shortly after.