In today’s increasingly socially responsible environment, altruism has never been more prevalent in capitalism. Whether companies are giving out of branding purposes or out of sheer generosity, there can be multiple ways of doing so. Occasionally however, these types of philanthropic contributions can be a little difficult to understand and retain at first glance. Thus, I have listed a few different mediums of corporate charity to better simplify and communicate the specifics:
1. Fundraising Matches
Essentially, fundraising matches are when a company gives a monetary donation to a nonprofit organization that matches the amount of time or effort an employee has dedicated to that same nonprofit organization. So, if, let’s say Jack, runs a 5k and raises 5,000$ in doing so, Jack’s employer would match that same donation to the charity, resulting in an ultimate donation of 10,000$ to the charity between Jack and his employer. It should also be noted that in regards to fundraising matches, contributions are generally matched at a 1:1 ratio and are capped at about 1,000 to 5,000 dollars.
2. Team Volunteer Grants
These types of grants work, not surprisingly, through teams of employees. So for example, if a group of ten employees volunteer their time at a nonprofit for 20 hours a week, and then they fill out a group volunteer grant request form to register their time spent, their employer will make a donation based on those 20 hours. Through this coordinated effort, the nonprofit organization receives not only the precious time of workers, but also the money it needs from those same workers’ employer. Although not quite as common as, perhaps Dollars for Doers, Team Volunteer Grants are widely considered to be the most valuable type of charitable program offered by corporations.
3. Dollars for Doers
This charitable campaign is likely the most common in today’s society. It works like team volunteer grants but on an individual basis. Without the parameters and mandatory requirements of a team, Dollars for Doers is one of the easiest ways an employee can take advantage of a corporation’s philanthropic policies. When an individual worker donates his or her time to a nonprofit organization, their employer will pay out a stipend to the charity. So, say a man named Ian volunteers fifteen hours, the nonprofit will be rewarded (in this hypothetical example) 300$. Of course, should you or someone you know be pursuing a Dollars for Doers campaign, you or they should make sure to optimize it. To elaborate, if the policy sets the stipend at 15 hours, and you volunteer 14 hours, no stipend will be sent. Thus, work smart, not necessarily hard, to achieve the biggest impact.
These are just a few ways you can make your mark. In a capitalistic market, it can often be daunting trying to donate time and money to nonprofit organizations. Yet, that is the precise reason these programs exist. Take advantage and get a group together to qualify for a team volunteer grant. Or, do it on your own with a Dollars for Doers endeavor. The choice is your’s. The options are there. Make it happen.