Charitable Matching Contribution Plan

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If you would like to support the philanthropic giving of your employees, you may want to use a charitable matching contribution plan. A charitable matching contribution plan allows you to match the contributions that your employee makes to a charitable organization. Typically, a charitable matching contribution plan matches your employee's monetary contributions to a particular charity. However, your contribution can match your employee's volunteer efforts as well. Many companies reward employee volunteerism by making gifts that match an employee's participation in volunteer programs. Some companies even allow their employees to take time off from work with pay so that they can volunteer. A charitable matching contribution plan usually benefits educational institutions or other nonprofit organizations.

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