$100,000 Incentive Fund: How it Works
November 14, 2018
Donations made during Give Local are stretched with a $100,000 Incentive Fund generously provided by the Dawkins Charitable Trust. The Incentive Fund is a proportional match. The incentive fund proportionally increases the value of every dollar donated.
Here's how it works:
If a nonprofit organization receives 5 percent of the total amount of money raised during Give Local 2018, that same nonprofit receives 5 percent of the $100,000 Incentive Fund.
At the completion of Give Local, the Community Foundation will determine each nonprofit's proportionate share of the incentive fund by dividing the total amount each orgaization raised by the total amount of donations to all nonprofits. This amount will then be multiplied by the total amount of dollars in the Incentive Fund.
Imagine that Example Charity raised $10,000 and the Example Give Local Total amount raised is $250,000.
$10,000 divided by $250,000 = 4%
In this example, the Example Charity would recieve 4% of the $100,000 Incentive Fund or $4,000.
* All numbers with the exception of the Incentive Fund amount presented in the example are hypothetical.
No organization will receive more than $7,500 of the Incentive Fund. So, for example, if your organization raises 20% of all the funds raised during Give Local, your match will be capped at $7,500. This “cap” is in place to ensure that all participating nonprofits will get the chance to benefit from the Incentive Fund.
Visit the Give Local FAQs for Donors for more information about Give Local 2018.
November 14, 2018< Back to News