Transcript Matching Gifts from the Corporate Perspective Bill Carpenter ExxonMobil Foundation

Matching Gifts from the
Corporate Perspective
Bill Carpenter
ExxonMobil Foundation
December 2, 2009
ExxonMobil Programs
Programs for ExxonMobil employees & retirees:
• Educational Matching Gift Program - 3 to 1 match to colleges and
universities up to $7,500 per eligible donor per year
• In 2008, employees & retirees donated more than $11.1 million to 900
colleges & universities. In April 2009, ExxonMobil made matching
donations of more than $25.4 million.
• Cultural Matching Gift Program – 1 to 1 match to arts and cultural
organization up to $2,000 per eligible donor per year
• In 2008, employees & retirees donated more than $2.2 million to 1,650
cultural organizations. ExxonMobil made matching donations of more
than $1.5 million.
• Volunteer Involvement Program - $500 grant to most charitable
organizations after eligible participants volunteer 20 hours
• In 2008, ExxonMobil volunteers donated more than 495,700 hours to
4,200 organizations. ExxonMobil made grants totaling $7.0 million.
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ExxonMobil Programs
Programs for heritage Mobil retirees:
• Mobil Retiree Matching Gift Program – 1 to 1 match to most charitable
non-profit organizations up to $5,000 per Mobil retiree per year
• In 2008, Mobil retirees donated more than $4.1 million to 4,050
non-profit organizations. ExxonMobil made matching donations of
more than $3.3 million.
• Volunteer Involvement Program - $500 grant to most charitable
organizations after eligible Mobil retirees volunteer 40 hours
• In 2008, Mobil retirees donated more than 105,700 hours to 590
non-profit organizations. ExxonMobil made grants totaling $770,000.
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Matching Programs
• Why do corporations have matching gift programs?
• Provides employee benefits and increases morale
• Improves external public relations – social responsibility
• Promotes broad-based philanthropic programs
• ExxonMobil Foundation:
• Encourage employees & retirees in their personal giving and
volunteering in the community where they live and work
• Allows ExxonMobil and our employees to be seen in the community
• Maintain positive relations with colleges and universities where
employees attended
• Primary support for the arts in local communities
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Trends in Matching Programs
• Recent economic downturn has had some negative impacts
• Mergers and corporate takeovers continue to change
landscape of Programs
• Program Administration
• Most companies now outsource administration to reduce costs
• ExxonMobil Foundation uses J. K. Group
• Some companies administer Programs in-house
• How can you help company’s minimize Program costs?
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Administration of Programs
• Who do I contact with questions and problems?
• Look at the company’s web site or application for the preferred contact
• [email protected]
• (877) 807-0204
• Don’t try to circumvent the process
• If you don’t get the answer you think is correct (not just the answer
that you want), ask to talk with someone else
• If you get conflicting information or the run-around, ask for contact or
e-mail of person at the company to contact
• Where can I find policies and guidelines?
• Included with paper application
• Company web site – www.easymatch.com/exxonmobil
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ExxonMobil Web Site
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Administration of Programs
• Paper or Electronic?
• Trend is electronic applications, but most companies accept both
• Benefits with electronic applications:
• Eliminates programs costs and lost applications
• Reduces time required for processing applications
• Allows organizations to better track processing
• How can you help companies encourage electronic applications?
• What if I held a paper application and it’s now past the
deadline? Will it still be honored?
• Depends on the circumstances and the company’s policy
• ExxonMobil tries to accommodate within reason
• Less of a problem with electronic applications
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What Do I Need to Know To…
• Complete an application?
• What is the process?
• Is a certification of gift receipt required?
• Original signature required? Electronic?
• Is there a deadline?
• Are some gifts ineligible for matching?
• Purpose  athletics, scholarships, alumni associations, religious
• Donor benefits  subscriptions, tickets, scholarships
• Track receipt of matching gift payments?
• When are payments issued?
• monthly, quarterly, annually
• Is there a timeframe for requesting missing payment?
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Other Issues
• Will companies help me with fundraising?
• Most companies will not provide employee data or send out
solicitations on company letterhead
• Some companies will post notices on company web sites
• Best suggestion is to utilize a company ‘agent’ or executive to help
• Do matching gifts need to be acknowledged?
• Depends - some companies require receipt, others do not
• ExxonMobil Foundation does not require receipt
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Wrap Up
Questions?
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