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The foundation also received funds from corporate matching gift programs.
This year, they gave $1,000 and a corporate matching gift form, which brought their donation to $2,000.
With a combination of employee donations and corporate matching funds, Hunter Douglas gave $275,000 to the Hurricane Sandy relief campaign of the Neediest Cases Fund.
For instance, during the recession, about one-fifth of the businesses polled had reduced or eliminated their corporate matching contribution to nonqualified plans, just as they did with their 401 k)'s.
The figure, $164 million, was the amount of corporate matching funds given to 789 insitutions of higher education surveyed by the Council for Aid to Education, a separate group.
On a flight to Allentown, Pa., he said he should be given credit not just for direct donations but also for corporate matching grants and speaking without charge to nonprofit groups.
Similar(50)
Gore would have government encourage them to save a little each year by adding matching funds, similar to the corporate match of 401(k) plans.
After two down years, the value of American corporate match-making is flat in 2010.
In fact, people may now need to save even more in their 401(k) to offset the missing corporate match.
Since they can no longer depend on tax-free corporate matches to their 401 k)'s or I.R.A.'s, they should be entitled to tax credits that match them.
Most financial advisors believe that you should contribute the minimum necessary to these accounts necessary to qualify for the maximum corporate match.
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