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Matching Gift to Education NEW website
for matching gifts Program ObjectiveThe objective of the Matching Gift to Education program is to encourage employees, employee spouses, and directors of Intel Corporation to make personal contributions to support education. The program is funded by the Intel Foundation. Who is eligible to have their gift matched? Eligible donors include: §
Active regular blue-badge employees of Intel Corporation and their
spouses. Maximum match is $10,000 per
calendar year per employee or per couple (employee and spouse).
If both spouses are employees of Intel, each is eligible to match to a
maximum of $10,000 per year. §
Active flexible workforce blue-badge employees of Intel
Corporation and their spouses. Maximum
match is $10,000 per calendar year per employee or per couple (employee and
spouse). If both spouses are
employees of Intel, each is eligible to match to a maximum of $10,000 per year. §
Directors of Intel Corporation. Maximum match is $10,000 per calendar year per donor. All gifts except Memorial Gifts (see below) are matched 50%. What kinds of schools are eligible to receive matching gifts?Intel
Foundation will match qualified employee contributions to any accredited school
(generally recognized academic accrediting board) in the United States that is
either a: Four year college or university Technical or community college K-12 school (elementary or secondary) School or university foundation (must have 501c(3) status with IRS)
Both
publicly funded and private nonprofit independent schools are eligible.
All schools that are not publicly funded must have status under section
501c(3) of the tax code.
The contribution must be a personal gift of cash or stock (FMV on date of donation) by the eligible donor. It must be paid, not pledged, and verified by the recipient (the school) on the Matching Gift to Education form submitted to the Intel Foundation. The Matching Gift form must be sent to the school for verification of data in the same calendar year that the donation is actually made.
What is the Minimum gift? The minimum gift that will be matched by the Foundation is $25. Matching Gift forms for gifts of less than $25 will be returned to the employee and will not be matched by the Intel Foundation. What kinds of gifts will NOT be matched? Intel Foundation will NOT match: § dues payable to national or local alumni groups § amounts payable to the school as tuition, in payment of an auction item, subscription fees for publications, insurance premiums, or other such payments which are not in the form of directs gifts § gifts made to support athletic programs or athletic scholarships § gifts to public broadcasting stations (radio and television), even if located on a university campus § building funds or campaigns
Any Matching Gift to Education forms received that reflect gifts that
are not eligible for a match by the Intel Foundation will be returned to the
employee with a letter of explanation. How
do I get a Matching Gift to Education form? Intel has a new website for
matching gifts. Much of the work can be done online at
https://www.easymatch.com/intel.
What
is the process for having my gift matched? The process is simple: STEP 1:
Donor should fill out Section One of the Matching Gifts to Education form
and send it to the school for verification that the donation has been made.
It is highly desirable to send the form to the school
at the time the donation is made.
STEP
2:
School will complete Section Two and return the form to the Intel
Foundation, confirming that the donation has been received STEP
3:
The Foundation will verify information on the form and authorize payment
to the eligible school.
Matching
Gift Payments Matching checks are
distributed by the Intel Foundation to the schools at the end of each quarter.
The Matching Gift to Education form must be received by the Intel
Foundation, completed by the recipient school or organization, by the following
dates in order to be included in that quarter’s matching check disbursement:
If
any form is received by the Intel Foundation after the closing date for a
particular calendar quarter (middle column above), the gift will be matched at
the end of the following quarter. If any gift is received after the Q4 closing
date of December 15th, the gift will be applied to the following
fiscal year and apply to that following year’s maximum match amount of
$10,000. It will NOT be applied to
the maximum amount of the year in which the gift was actually made by the
employee. Donors will be notified when
the gift is matched after each quarter. Memorial GiftsAny employee gift to an educational institution in memory of a deceased Intel employee (a person who dies while he/she was an active Intel employee) is matched at 2:1 (regular gifts are matched 1:1). That means that the potential maximum annual match (if an employee uses their entire $10,000 as a memorial gift) is $20,000 per employee per year, rather than the usual $10,000. If you are making a gift in memory of a deceased Intel employee, mark the appropriate box on the Matching Gift to Education form and include the name of the deceased employee. Special consideration The Intel Foundation reserves the right to determine whether any gift shall be matched. The Intel Foundation may change, revoke, suspend, or terminate this program at any time.
Matching Gift to Education This page was last updated on 06/23/09. |
