How much can our organization receive in matching funds as of now?
As of July 9th, we have $1,520,000.00 in matching funds committed. Therefore, each of the 51 participating organizations has $29,803.92 in matching funds available to them, upon raising $59,607.84. As we raise more match money, the new funds will be distributed equally among each of the participating organizations as part of their potential match allotment.
How much can our organization receive in matching funds if more match money is raised?
Henry’s goal is $3 million in matching funds. If the $3 million matching fund goal is reached, the 51 participating organizations will have the opportunity to fundraise $117,647.00 and receive the maximum match of $58,823.00. Whatever amount is raised in matching funds will be equally divided among each of the participating organizations as part of their potential match allotment.
Will my match allotment be given away to other organizations that raise money faster than we do?
The matching funds will not be distributed on a first-come-first-serve basis. Each organization has a fair and equal opportunity to raise the funds needed to utilize their full match allotment in the given time period, from June 2021 to June 2022.
What if organizations do not raise enough to receive their full allotted match by June 2022?
At the end of the campaign, if there are matching funds leftover that organizations did not utilize, we are committed to dispersing the remaining matching funds to those agencies that went over the maximum.
How can we track our fundraising and progress in attaining our full match allotment?
We will send a scorecard of gifts received and funds matched on a regular basis.
When will the match be made? Will there be multiple matches throughout the year?
Matches will be made monthly as gifts come in. Therefore, there will be multiple matches throughout the year.