Matched Funding
Content
Definition
Matched Funding is funding where the amount of investment or grant is matched by another source, doubling the funding available.
Usage and Context
Matched funding helps organizations increase their financial resources by pairing their funds with those from another source, effectively doubling their budget
Frequently asked questions
- What is meant by match funding? Match funding means that for every dollar invested or granted by one source, another source contributes an equal amount, effectively doubling the total funding.
- What is an example of matching funds? An example of matching funds is when a nonprofit receives a $10,000 grant from a foundation, which is then matched by a corporate sponsor, bringing the total funding to $20,000.
- Which companies do matched funding? Many companies offer matched funding, including large corporations like Google, Microsoft, and Apple, which often match employee charitable donations.
Benefits
Matched funding significantly increases available resources, encourages more donations, and enhances the impact of fundraising efforts.
Conclusion
Matched funding is a powerful tool for organizations to double their financial resources, attract more donations, and maximize the impact of their fundraising efforts.
