AsianWeek Foundation Matching Programs
AsianWeek Foundation works with many corporate Asian employee affinity groups in professional development to strengthen our community in the business world. A great way to support our programs is through your company’s matching gift policies.
Want to double your donations? Don’t miss out on donor matching opportunities. How does it work?
Please include AsianWeek Foundation (Tax ID: 20-1719535) and program in the field on the application or online form for “Designation” or “Purpose”. AsianWeek Foundation will credit your fundraising account as soon as we receive the funds! Please send documentation for matching gifts to AsianWeek Foundation so we can track your matching gifts.
Frequently Asked Questions about Matching Gifts
Q. What is a Matching Gift?
A. A matching gift is a company’s payment matching wholly or in part a donation made by company employees. Most companies match 100%, some match 50% (Aetna, for example, pays 50¢ for each $1 donated), and some match even more (Johnson & Johnson matches 2:1, Grainger 3:1).
Q. Which companies offer matching gifts?
A. Nearly all large and mid-size companies have a matching gift program.
Q. How does a donor apply for a matching gift?
A. The donor should contact their company’s HR department for specific instructions. AsianWeek Foundation is an independent 501(c)3 and should be listed as the beneficiary of the matching gift.
Q. Which address should I use for AsianWeek Foundation?
A. Use the following address when applying for Matching Gifts:
AsianWeek Foundation 564 Market Street, Suite 320 San Francisco, CA 94104
The AsianWeek Foundation Federal Tax ID # is 20-1719535
Q. How does a donor ensure that the match for his/her gift is applied?
A. Most applications and online forms have a field for “Designation” or “Purpose”. Please include AsianWeek Foundation (Tax ID# 20-1719535) on your applications. All applications that go through Donor Services, whether electronic or paper, are logged in our system so that appropriate donors are credited when the check arrives.
Q. What information does AsianWeek Foundation need to research a gift or match?
A. In order to research a pending match, contact us with the donor/employee name (this is important because sometimes the donation is from a couple and the match is under the employee/spouse’s name), the company name, the amount donated as well as the event.
Q. When can the donor expect the match to appear in his/her fundraising total? Why doesn’t the Matched amount appear when the application is submitted?
A. Matching gifts do not appear in a donor’s total until the funds are received and allocated. Remember, Matching Gifts are paid out per the Company’s schedule. Many companies (Gap, Bank of America, Adobe, Starbucks, Microsoft, Electronic Arts) pay quarterly. Some (James Irvine Foundation) pay bi-monthly or as applications are received. There are a few that pay annually or bi-annually (ACE INA). There are limitations or restrictions to the match process, which vary from company to company. Nearly all have a minimum amount for a donation to be matched (usually $25, but for some firms, like Google, it is $50), and all companies have a cap – a maximum match amount per employee. The employee is free to donate as much as he or she would like, but the company will only match up to a certain amount (ranges from $1,000-$5,000). Because there is no way for AsianWeek Foundation to know whether restrictions will result in a denial of match, matching gifts are not applied to donors’ records until the funds are received. Some companies/vendors do not require confirmation (Autodesk, Genentech, Morrison & Foerster). In addition, some employers allow their employees to make donations via payroll deduction or credit card via the company website/Matching Gift vendor. In Blue Shield’s case, their vendor, Easy Match, will accept that donation, apply when applicable any fees, and then secure the match, then mail a check for each at approximately the same time. Since AsianWeek Foundation is not required to participate in this process, we accept the checks when they arrive and designate the amounts as indicated at that time. It is impossible for AsianWeek Foundation to allocate these gifts until the checks are received. Also, it is imperative that donors indicate in the “Purpose” or “Designation” field the name of the participant, the event.
Q. Who can I contact with questions about Matching Gifts?
A. Please refer all questions to Angela Lee at firstname.lastname@example.org or 415.373.0896