For every corporation that gives, there’s a different corporate giving program, which is responsible for donating money, products and services to nonprofits that require financial support, services or manpower. While Chevron, Disney and Starbucks offer volunteer grants, Bank of America, Google and General Electric donate in the form of “match employee gifts.”
Matching Employee Donations is one of the most common methods of corporate giving. Approximately 65 percent of Fortune 500 companies and small companies offer these programs. Google, for example, matches up to $12,000 in donations per employee each year, matching personal donations as well as personally raised charitable events (ex. marathons, bike rides, etc.).
Individual Volunteer Grants are also very common, and they’re earned by meeting certain time criteria, such as 10 hours of volunteer work to earn monetary contributions. Organizations can promote volunteer grants whether a firm has many or few regular volunteers. Chevron’s Grants for Good Volunteer Grant program distributes funding to nonprofits where employees and retirees volunteer on a regular basis. Twenty hours of volunteer work translates to $500 in grants and 40 volunteer hours translates to $1,000 in grants. Disney has a similar grant structure set in place and they offer $2,500 grants through their “VoluntEARS of the Year” award, given to exceptional individual volunteers.
Best Buy, Kohl’s and Verizon commit to Team Volunteer Grants as a form of corporate giving. While not as popular as the aforementioned forms of grant-giving, community and team building is at the heart of team volunteer grants. through this grant system gets companies’ employees involved in their community while promising hands-on and money support. Best Buy’s employees are some of the most active volunteers in the nation, with its 10,000 employees volunteering 100,000+ hours, resulting in $2.5 million dollars generated through the company’s volunteer grant program. Also, volunteer services can ear employees cash bonuses.
Liberty Global, Microsoft, and Teradata participate in Annual Giving, which is when companies offer year-round or seasonal workplace giving. Microsoft does this by making a philanthropic push once a year to commit to a number of charitable activities. During October of each year, employees participate in more than 300 charitable activities. Microsoft is known for offering a particularly generous employing grant program, doing more than $1 billion through its employee donation programs.
Boeing, British Petroleum, and State Street are fans of Matched Fundraising, which is similar to matching gifts. Companies permit employees to raises money through charitable events, and that is matched by the employer. Boeing will donate up to $6,000 in matching funds annually and they will provide $100 grants per fundraising effort.
Additionally, airlines, clothing retailers and mass retailers donate widely to support community grant programs. American Airlines, Delta, Hilton, SeaWorld, Amazon, Target, Macy’s and Costco give to programs that benefit breast cancer research, veterans, the American Red Cross, Habitats for Humanity, hospitals, the Project for Public Spaces, environmental stability, young people and other groups of or projects demonstrating a need.
Eddie Dovner is an entrepreneur, inventor, and CEO who is based in West Palm Beach, Florida. Learn more about Eddie Dovner by visiting his pages on LinkedIn, Twitter, and SlideShare. Also, please learn more by visiting EdwardDovner.org and EddieDovner.com.