Many employers match their employees’ charitable contributions. Employee matching gifts are often dollar-for-dollar, and some companies will give double or even triple the original donation.
Some employers give matching gifts for employees’ volunteer efforts, often referred to as “Dollars for Doers” or “Volunteer Support Programs” or “Individual Volunteer Grants”. These programs essentially reward employees who donate their time to a nonprofit. For example, every hour an Apple employee volunteers with a nonprofit, Apple donates $50 to the organization. Symantec donates $15 for each hour of volunteer work.
Guidelines and amounts vary with each company. You can get complete information about your employers matching gift or volunteer hour contribution benefits from the Human Resources department.
Donating long-term appreciated securities (including stocks, bonds, and mutual funds) directly to ICA can be better than selling your appreciated securities and contributing the after-tax proceeds. Please consult your tax advisor to understand the pros and cons of donating appreciated securities.