Matching Gifts Program
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About the Matching Gifts Program
In addition to supporting organizations that apply for grants directly, The Baxter International Foundation supports employee programs, including Matching Gifts.
Baxter employees are involved in their communities in many meaningful ways. In addition to giving their time through volunteering, many employees also choose to donate to causes that are important to them.
To support these efforts, The Baxter International Foundation offers a Matching Gifts Program which provides all regular full-time or part-time employees and Baxter Board Members with an opportunity to increase the impact of their charitable contributions to eligible organizations of their choice.
In 2012, The Baxter International Foundation matched gifts to eligible organizations submitted by more than 1,500 U.S.-based employees from 45 states. Gifts totaled $677,234 which doubled the dollar impact to 732 charitable organizations.
Baxter's matching gift program matches employee donations of $25 or more, up to $5,000, to non-profit, tax-exempt U.S. hospitals and healthcare agencies, schools and cultural organizations.
Recipient organizations must be nonprofit organizations located in the United States or one of its possessions and recognized by the Internal Revenue Service as tax-exempt and designated a public charity under Section 501c3 of the IRS Code or as an instrumentality of a federal, state, or local government as provided by Section 170c1 of the Code, and must be organizations in one of the following three categories:
- Schools serving elementary, secondary and postsecondary students. Degree-granting postsecondary institutions-which include graduate and professional schools, four-year colleges, two-year community colleges and postsecondary technical schools-must be listed by the American Council on Education as accredited and must offer at least a two-year course of study. Elementary and secondary schools must provide a course of instruction leading ultimately to a high school diploma.
- Hospitals and health care agencies, such as substance abuse treatment centers, hospices and mental health agencies, or organizations involved in education, medical research, prevention, rehabilitation or treatment of disease or disabilities. Gifts to hospitals must be made either to a non-profit hospital or the foundation of an investor-owned hospital listed in the American Hospital Association Guide to the Health Care Field.
- Cultural organizations engaged in cultural activities for the benefit of the public. Such organizations include dance, theatre, and opera companies, botanical and zoological societies, public arts councils, chamber and choral groups, symphonies, historical societies and preservation groups, libraries and museums, and public broadcast stations such as those affiliated with National Public Radio or the Public Broadcasting System.
What contributions are eligible?
- Must be a personal gift, from the donor's personal funds, which has been paid (and not simply pledged) and must be made directly to the approved organization.
- Donor Advised Funds in the form of cash, check or marketable securities.
- The minimum gift eligible for matching is $25. For gifts of installments, each installment must be submitted as a separate entry and meet the $25 minimum gift requirement.
- All eligible donations submitted for matching are matched on a 1:1 (dollar for dollar) basis. The maximum amount matched per donor per calendar year is $5,000. If you make several contributions, gifts will be matched in the order received, up to the maximum donor limit for the calendar year.
- The donor's limit is based on the date of the gift.
- Gifts must be in the form or cash, check, credit card, or marketable securities with a quoted market value at the time the gift was made. No other form of personal or real property will be matched.
- No gifts can be matched retroactively beyond three months.
What is not eligible for matching?
The Foundation does not match:
- Gifts of less than $25
- Gifts made with funds provided to the employee for donation purposes by other individuals (pooling funds)
- Gifts made in lieu of tuition payment for services, books or other student fees
- Membership fees for which benefits are received
- Dues to alumni(ae) or similar groups
- Gifts to athletic scholarship funds or athletic programs
- Gifts to educational foundations (only gifts to individual schools are matched)
- Gifts or payments for political or religious purposes
- Subscription fees for publications
- Insurance premiums
- Bequests or life income trust arrangements
- Gifts made by or through Family Foundations, a Charitable Remainder Trust or similar organizations