Quote:
Originally Posted by Steven Smith
Texas Instruments does $250 per 20 hours, up to $1000 per employee and $15000 per organization to any 501c3 for matching employee volunteerism.
They also do matching gifts dollar for dollar (1:1) to K-12 schools or Universities, or certain arts institutions.
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The TI VIP program was awesome, and I dearly miss it (it exists, I'm not a TIer anymore).
One thing to be careful about for TI matching gifts.. (a) avoid the use of "team" when describing the activities your 501(c)(3) supports, and (b) make sure your 501(c)(3) only supports a single school.
(a) is because they're specifically looking for that word to avoid giving to sports teams and it can cause confusion or delays.
(b) Is because the specific wording they use to describe a qualifying 501(c)(3) organization is that it gives the monies directly to the receiving entity. They're trying to avoid giving to a non-profit who takes a % and send it on, eventually getting to the receiving entity. Our non-profit supports the school*s* in our district and the plural was important to them (at the time, it may be different).
The TI Foundation was great to work with. All TIers who mentor should be taking serious advantage of the VIP program and qualifying matching gifts.