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Act Now and Double Your Charity Donations for Half Price

December 22, 2006

Wouldn’t it be nice if you could donate $100 to your favorite charity and have them get a check for $200?

Matching Gift Program
Some corporations have a matching gift program where they will match their employee’s charitable donation dollar for dollar. You can search MatchingGifts.com to see if your employer has such a program.

Free Money!
Once I discovered that my employer would match my gifts I felt guilty not utilizing it, I was basically throwing away free money for people that needed it!

Things to Consider
Pre-Approval
Corporations typically only match gifts to charities that are on their pre-approved list. Check with your Human Resources department to see if your charity is on their list.

Meet the Deadline
The donation must be made prior to the end of the calendar year. Your Human Resources department may have their own policies, be sure to check with them.

Follow the Rules
In order to be eligible for the matching gift through my company, I had to submit the donation check to my employer who then matched the money and forwared it on to the charity. If I donated directly to the charity they would not offer the match.

Act Now!
There are still a few more business days before the end of the year take advantage of your company’s matching gift program and double your donations!

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Comments

5 Responses to “Act Now and Double Your Charity Donations for Half Price”

  1. Ashish Mohta on December 23rd, 2006 9:15 pm

    Good points.We should think and act

  2. ispf on January 4th, 2007 2:41 pm

    [...] Ben at Money Smart Life discusses getting the maximum squeeze out of your charity dollar by availing company match policies in Act Now and Double Your Charity Donations for Half Price. [...]

  3. Money Smart Life » Carnival Roundup - Bringing in the New Year on January 5th, 2007 2:38 pm

    [...] Festival of Frugality #54What Sucks Most About My Blog ContestAct Now and Double Your Charity Donations for Half PricePersonal Finance Reviews and PreviewsMutual Funds for the New Investor – SLASX, HOLVX, TCEIX, AMAGXMy Money Secrets Revealed!Quick Guide for Last Minute Tax Strategies – It’s Not Too Late!Help Feed The Hungy, It’s Free!Feliz Navidad – Frohe Weihnachten – Joyeux Noël – Buon Natale – Merry Christmas!Carnival Highlights – 12/21/2006 Jan 5 2007 [...]

  4. Money Smart Life » Reader Questions - Taxes, 401k, and Saving Money on February 10th, 2007 6:37 pm

    [...] Corporations who match charitable donations? You can double your tax deductible charitable contributions if your employer has a matching program. [...]

  5. Year End Tax Planning and Tips | Money Smart Life on December 8th, 2008 7:50 am

    [...] Every dollar that you give to a qualified charity this holiday season can be deducted on your taxes. Don’t forget to check if your employer offers any type of charity matching program.  [...]

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