How it Works
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: Diamond ($100,000), Platinum ($75,000), Gold ($50,000), Silver ($35,000) and Bronze ($25,000).
Next, qualified local nonprofit organizations raise money from donors. Gifts are made to the Community Foundation by a donor on behalf of a local charity or charities. Nonprofits 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, 20% is subtracted and distributed to local nonprofits through a twice-annual competitive grants process.
Finally, we compare the remaining matching funds to all eligible contributions made on behalf of local nonprofits. The ratio of matching funds to donor contributions provides the match percentage. The match is added to all funds raised by each participating nonprofit allowing the donor’s contribution to make an even larger impact!