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This document provides instructions for employees and recipient organizations on how to participate in the Federal Home Loan Bank of Chicago\'s Employee Matching Gift Program. It includes steps for completing the form, necessary information required from both employees and charitable organizations, and details about the matching contributions policy.
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What is employee matching gift program?
An employee matching gift program is a corporate giving program in which an employer matches donations made by employees to eligible nonprofit organizations, effectively doubling the impact of the employee's gift.
Who is required to file employee matching gift program?
Typically, employees who make donations to eligible organizations and wish to have their contributions matched by their employer are required to file for the employee matching gift program.
How to fill out employee matching gift program?
To fill out the employee matching gift program, employees usually need to complete a matching gift request form provided by their employer, which includes details like the amount donated, the recipient organization, and proof of the donation (like a receipt).
What is the purpose of employee matching gift program?
The purpose of the employee matching gift program is to encourage philanthropic giving among employees by increasing the total contributions to charitable organizations through matching funds from their employers.
What information must be reported on employee matching gift program?
The information that must be reported typically includes the name of the employee, the amount of the contribution, the name of the nonprofit organization, and the date of the donation.
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