The
three tenets of a good annual giving program are to increase
dollars and donors, educate internal and external constituents,
and identify special and major gift prospects.
Increasing matching gift participation is firmly rooted within
the tenet of education.
As annual giving professionals, we all understand that matching
gifts come down to donor awareness and a little additional
effort on their end.
There are a number of inexpensive (if done strategically)
initiatives that will enhance matching gift comprehension and
donor effort to fulfill gift potential.
Educational Postcards:
This strategy can work well to jumpstart matching gift
awareness. The direct mail piece is a simple postcard, not
seeking a gift, but rather utilized as a Did You Know primer.
Mail this postcard utilizing 3rd class postage rates at the
beginning of the fiscal year every other year, prior to your
annual giving cycle.
Utilize a unique marketing design for the front of the postcard
to catch the prospects attention.
Samples.
The back-side of the postcards has a message similar to:
Do You Know?
Many employers will match gifts to higher education given by
employees and spouses, even if they are retired.
When contacted by (Institution Name Here) Annual Giving
program in the coming year, simply check with your personnel
office to obtain the necessary form, complete it, and send in
along with your gift or pledge payment to double or triple
your gift to (Institution Name Here).
For more information and to see if your company matches, visit
(Institution Website Here). Thank you for supporting
(Institution Name Here)!
The good news for this approach
is that it is fun, inexpensive, and creates awareness.
The bad news is that there really is no quantifiable means to
determine a direct correlation to impact.
Matching Gift Brochures:
An old standard, I know, but still very useful and an
inexpensive method if utilized strategically. The key is to whom
the brochure is mailed to and then to focus on production
options to lower the cost per piece as much as possible.
As a general rule, only include the full-length brochure listing
majority of major matching gift companies in direct mail appeals
to recent donors of the last five years.
Direct mail return rates on longer lapsed donors and non-donors
are so low that the cost of including a brochure to these
audiences is not a wise investment.
Matching Gift Post-Its:
An inexpensive reminder that can be placed on all telefund
acknowledgments and pledge reminders.
PS Mention:
A P.S. should be used in most letters as it provides an
opportunity to stress an important point and studies show that
the P.S. is often the one part of the letter read and remembered
the most.
A statement such as:
Double or
triple the impact of your gift at no additional cost.
Please check with your employer to see if your gift can be
matched through a company matching gift program can serve as a
nice matching gift reminder.
Importance of MG Blurbs:
Again focusing on education, draft sample language that your
internal constituents can place on their websites and within
their newsletters. This is particularly important for business,
engineering, and science constituent groups.
Sample advertising language:
Free Money!
Yours for the Asking! (Institution Name) receives over $1
million each year in free money due to company matching gifts,
thanks to donors who request the form from their participating
employer and send it to (Institution Name) with their gift.
(Institution Name) takes it and follows up with the company to
receive the match.
Matching Gifts are an easy way to double or even triple your
gift to (Institution Name)!
Check with your employer today to see if your employer will
match your gift to (Institution Name) or visit our
online lookup site: www.matchinggifts.com/schoolname
Reminder Mailings:
This should be a monthly occurrence.
Work with your Information Technology staff to develop a
standard program that identifies those donors that have recently
made a gift, are coded as working for a matching gift company,
and did NOT submit a matching gift form with their gift.
The data elements you will want pulled include: name, address,
gift date, gift amount, gift designation, matching gift company,
and ratio.
Draft a letter template that acknowledges/notes appreciation of
gift, notes indication of company employer, and potential match
ratio. The donor will either: 1) send in matching gift form; 2)
disregard notice; or 3) note that company doesn’t match
any longer, or no longer employed by company. Lets hope for #1. |