Volunteer grant: Difference between revisions

'''1. Individual volunteer grants''' – These are small grants of around $250–$750 which are given to nonprofits to recognize an employee's volunteer commitment upon reaching a certain number of volunteer hours in a year (usually 10–50 hours). For example, the Sara Lee company will donate $10 to a nonprofit per every hour volunteered by an employee (minimum 20 hours, max 50 hours).<ref>{{cite web| url=http://www.saraleefoundation.org/funding/volunteer.cfm|title=Employee Volunteer Grants Programs | archive-url=https://web.archive.org/web/20081228093504/http://www.saraleefoundation.org/funding/volunteer.cfm | archive-date=2008-12-28}}</ref> Per employee, there is usually a minimum number of hours, a maximum number of grants and a cap on the total amount that can be awarded.

'''2. Team volunteer grants''' - These are grants of around $500–$1000 which are given to nonprofits to recognize a group of employees who collectively volunteer with an organization. For example, when a minimum of Fivefive Kohls associates from one location volunteer for three consecutive hours, the nonprofit earns a $500 grant.<ref>{{cite web|url=http://www.kohlscorporation.com/communityrelations/Community04E.htm|title=Kohl's Cares — Associates in Action FAQs|work=kohlscorporation.com}}</ref>

'''1. Annual awards for a company's top volunteer(s)''' -— These can range anywhere from $1,000-$10,000 and are designed to recognize employees who go above and beyond the traditional volunteer expectations. <br />

'''2. Corporate grants for employees to take time off from work''' while receiving their full benefit package to volunteer full-time with a nonprofit for a certain period of time.

Companies typically state that any [[501(c)(3) organization|501(c)(3)]] nonprofit or school is eligible for their corporate volunteer grant scheme; most however require a minimum number of hours served.<ref>{{cite web|url=https://doublethedonation.com/matching-grant-resources/volunteer-grant-basics/|title=Restrictions|publisher=Double the donation|accessdate=}}</ref>

'''1. [[Time logging|Log hours]]''' - Normally this [[time logging]] is done through an online system on the company's intranet.<br />

'''2. Submission''' - Upon reaching the required threshold for volunteer hours, the employee completes the volunteer grant request. This normally consists of completing an online or paper form that includes specific information about the nonprofit (ex. name, contact information, nonprofit [[Taxpayer Identification Number|tax ID]], etc.)<br />

In 2010, corporations donated $15 billion to [[nonprofit organizations]], which represents a 22% increase over 2008 corporate giving levels.<ref>{{cite web| url=http://www.givingusareports.org/products/GivingUSA_2011_ExecSummary_Print.pdf |title=GIVING USA 2011 - The Annual Report on Philanthropy for the Year 2010 | archive-url=https://web.archive.org/web/20111119133532/http://www.givingusareports.org/products/GivingUSA_2011_ExecSummary_Print.pdf | archive-date=2011-11-19}}</ref> Approximately 40% of [[Fortune 500]] companies offer volunteer grant programs<ref>{{cite web|url=http://www.doublethedonation.com/FAQ/OurDatabase.php|title=Have questions about Double the Donation's service? We're here to help|work=doublethedonation.com}}</ref>

Many corporations contract out their volunteer grant program administration. The [[JK Group]]Benevity, CyberGrants, and [[VolunteerMatch|Volunteer Match]] are three of the largest vendors for contracting out corporate [[matching gift]] and volunteer grant programs.

In the US, a taxpayer cannot deduct the value of time spent on volunteer work from taxes, not even when they do so for a qualified organization.<ref>[httphttps://www.irs.gov/publications/p526/index.html IRS Publication 526 Charitable Contributions], section "Contributions you cannot deduct"</ref> Conversely, a volunteer grant program affords a benefit to the non-profit organization and thereby a non-monetary incentive for the volunteer. The tax situation can differ between countries and is one of the factors that influence the presence or absence of volunteer grants in a country.

* [httphttps://www.doublethedonation.com/Contenttips/matching-grant-resources/list-volunteer-grant-companies/ListOfVolunteerGrantCompanies.html Companies with Volunteer Grant Programs]

* [httphttps://doublethedonation.com/VolunteerGrants.htmltips/volunteer-grant-basics/ Corporate Volunteer Grants | The Basics]