First, Mr. and Mrs. Old Bill donate $500,000 to the match. The Community Foundation then solicits additional matching contributions from donors called
Co-Challengers. Co-Challengers donate at five levels: Titanium ($100,000), Platinum ($75,000), Gold ($50,000), Silver ($35,000) and Bronze ($25,000).
Second, qualified local non-profit organizations raise money from donors. Gifts are made to the Community Foundation by a donor on behalf of a local charity or charities. Non-profits can raise as much money as they wish, of which the Community Foundation matches the first $25,000. They still receive 100% of donor contributions in excess of $25,000, but that money is not matched.
When the last contribution is tallied, we start calculating the match percentage. From the total match money raised by the Co-Challengers, 20% is subtracted and distributed to local non-profits through a twice-annual competitive grants process.
Finally, we compare the remaining matching funds to all eligible contributions made on behalf of local non-profits. The ratio of matching funds to donor contributions provides the match percentage. The match is added to all funds raised by each participating non-profit allowing the donor's contribution to make an even larger impact!
