Presentation on theme: "GE Foundation Matching Gifts Kathleen Mayglothling Program Manager March 14, 2012."— Presentation transcript:
GE Foundation Matching Gifts Kathleen Mayglothling Program Manager March 14, 2012
GE Foundation Matching Gifts Page 2 “I find out what the world needs, then I proceed to invent it.” – Thomas Edison
GE Foundation Matching Gifts Page 3 2011 GE Philanthropy GE Foundation: $116M GE Foundation: $116M GE People: $55M GE People: $55M GE Company: $30M GE Company: $30M GE Family: $201M GE Family: $201M
Developing Futures DHG Education Scholarships - US and non-US Common Core State Standards Improve standards and achievement for primary & secondary education Education
Developing Health Globally Developing Health US Improving access to quality healthcare in underserved communities Health
Employee Programs Matching Gifts GE United Way Giving Campaigns GE Volunteers Helping build communities for sustainable prosperity Community Engagement
GE Foundation Matching Gifts Page 7 Community Engagement The Challenge The needs of a community cannot be met by money alone Opportunity GE employees and retirees are active community members and help accommodate community needs through a variety of GE resources and skills.
GE Foundation Matching Gifts Page 8 Communities Town Neighbors Local Infrastructure GE Company/Foundation Matching Gifts United Way GE Volunteers GE People Contributions Time Expertise The Goal: To build deep and positive relationships where GE people live and work Our Focus Areas Education Environment Humanitarian Relief Health
GE Foundation Matching Gifts Page 9 Support GE employees and retirees in their personal philanthropy Employee Programs Matching Gifts 1:1 match of employee & retiree contributions to eligible charities Includes a broad variety of areas; available year-round 2011 Total: $70M United Way Giving Campaigns Supports United Way and other charities with contributions, volunteers, and supplies Additional 50% contribution from GE Foundation to local UWs 2011 Total: $26 million GE donors are eligible for both programs, but cannot use both for the same donation (i.e. no “double-dipping”)
GE Foundation Matching Gifts Page 10 United Way Giving Campaigns Traditional Fall timeframe for campaigns Open-choice for employees, however the additional 50% from the GE Foundation stays with the local United Way (aligned with work location) Contributions can be made via payroll deduction, check, credit card, or stock Efforts include volunteer projects and special events Total 2011 giving: $26M ($17.5 from campaigns & $8.8M from GE Foundation)
GE Foundation Matching Gifts Page 11 Employees and retirees donate time and effort towards social initiatives in their local communities. 80 year+ tradition 220+ Volunteers Councils in 51 countries organize over 6,200 projects annually GE people volunteer 1.3 million volunteer hours per year Major Partners – Junior Achievement; Red Cross; Habitat; FIRST Robotics GE Volunteers
GE Foundation Matching Gifts Page 12 Matching Gifts “invented” by GE “The employer matching gift program was the brainchild of Philip Reed, chair of the General Electric Board of Directors, who wanted to encourage GE employees to contribute to their alma maters. Reed believed the incentive to contribute was greater if the company matched the employee’s gift.” Since the launch in 1954, many others have followed suit and $2B has been contributed by individuals and their employers to education alone. * Source: HEP Data
GE Foundation Matching Gifts Page 13 Matching Gifts – Then & Now 1954 5,234 $200K 359 4,928 $1,000 2004 32,941 $18M 1,781 13,927 $50,000 2011 109,948 $35M 13,360 30,194 $50,000 Gifts Registered (#) Total Matched ($) Charity Participants (#) GE Participants (#) Annual Max per person ($) Substantial increases across the board, especially following the 2005 Program enhancements
GE Foundation Matching Gifts Page 14 Where Does the Money Go?
GE Foundation Matching Gifts Page 15 The Basics Minimum Donation: $25 Annual Maximum per Individual: $50,000 Registration Deadline: April 15 (following donation year) Confirmation Deadline: 12 months after registration Payment Frequency: Quarterly Eligibility: Employees, Retirees/Surviving Spouses, Company Directors Recipient Eligibility: Most 501(c)(3) charities Looking for more detail? Full guidelines are available at: www.gefoundation.com/matchinggifts
GE Foundation Matching Gifts Page 16 How Does it Work? 1. Donation GE Person Makes Donation to Charity 1. Donation GE Person Makes Donation to Charity 2. Registration GE Person Registers Donation for Matching 2. Registration GE Person Registers Donation for Matching 3. Confirmation Charity confirms receipt of donation 3. Confirmation Charity confirms receipt of donation 4. Review GE Foundation review donations, charities, etc. 4. Review GE Foundation review donations, charities, etc. 5. Match! GE Foundation Makes Quarterly Payments 5. Match! GE Foundation Makes Quarterly Payments
GE Foundation Matching Gifts Page 17 URL: www.gefoundation.com/matchinggifts Matching Gifts Website Charity Log-in GE Donor Log-in
GE Foundation Matching Gifts Page 18 GE Donor must first nominate charity to participate How to “get on the list”? Once nomination is complete and charity is added, Donor clicks “select” to access the gift registration page
GE Foundation Matching Gifts Page 19 Each gift must be confirmed by the recipient charity Requirement: Confirmation Charity Activity Page with Test Gift
GE Foundation Matching Gifts Page 20 Based on confirmation date, not gift date Payment Cycle If confirmed by the last day of: March June September December Should be paid by the end of: May August November February 6-8 week review
GE Foundation Matching Gifts Page 21 Common Obstacles/Delays Compliance Does the donation fit our criteria? Does the organization fit our criteria? Is clarification needed? Amounts If the donation and confirmation amounts don’t add up, the gift will be flagged for follow-up Timing We send reminder letters, but the website is available 24:7. No need to wait for our notification!
GE Foundation Matching Gifts Page 22 Impact Examples Employee Responses Partnerships–More than Just $$ GE Aviation & the Lynn Shelter Association (Mass.): 250 volunteers donated 1,500 hours to rehab 10 apartments, build a library and computer center, and redo the lighting. Others have donated professional skills, such as IT employees providing computer support. President Bill Hayes said, "Since GE has gotten involved, the Association has been on an upswing. It has become highly respected in the community." African American Forum (AAF) at GE Healthcare: conducted a food drive across the country, collecting more than 2,000 pounds of food for multiple charities. “It is great to know that GE is still capable to support and help needed families during challenging times (financial crises all over the world).” “The 2:1 is a great program and I am proud to be associated with a Company that believes in taking the extra step to support those of us who engage in philanthropic activities.” “I was so pleased to tell my local shelter that GE would double my donation. This encouraged me to give more. Special Food & Shelter 2:1 Matching Gifts
GE Foundation Matching Gifts Page 23 When in doubt, remember this! www.gefoundation.com/matchinggifts
GE Foundation Matching Gifts Page 24 Questions ? *** Thank you!