Matched Funding
Matched Funding is funding where the amount of investment or grant is matched by another source, doubling the funding available.
Benefits
Matched funding significantly increases available resources, encourages more donations, and enhances the impact of fundraising efforts.
Frequently Asked Questions
What is meant by match funding?
Match funding means that for every dollar invested or granted by one source, another source contributes an equal amount, effectively doubling the total funding.
What is an example of matching funds?
An example of matching funds is when a nonprofit receives a $10,000 grant from a foundation, which is then matched by a corporate sponsor, bringing the total funding to $20,000.
Which companies do matched funding?
Many companies offer matched funding, including large corporations like Google, Microsoft, and Apple, which often match employee charitable donations.
Key Takeaway
Matched funding is a powerful tool for organizations to double their financial resources, attract more donations, and maximize the impact of their fundraising efforts.