A Factual Response to the Hate Attack on the India Development and Relief Fund (IDRF)
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APPENDIX A[119]

Cisco’s Criteria for The Matching Gifts Program

The Matching Gifts Program helps employees make twice the difference.  The Cisco Foundation will match direct contributions by Cisco employees made to nonprofit organizations whose mission and activities they support.  Employees can request matching funds for qualified 501C(3) nonprofit organizations.  Gifts of cash, volunteer hours, and stock are matched in this program. 

Employees can match gifts of cash, stock, and volunteer hours for a combined maximum total of $1,000 per employee per fiscal year.  The minimum match is $25. 

Eligibility: Donors

All Cisco Systems active, part- or full-time regular employees are eligible to participate in the matching gift program. 

An eligible Cisco Systems employee must be affiliated with the recipient organization at the time the matching gift is requested, either by making a financial contribution or by working as a volunteer (minimum of 25 hours per fiscal year with the specified recipient organization). 

Gifts

No goods or services may be received by the employee, the employees’ family, or other designated individuals in exchange for the solicited matching gift. 

All matching gift funds will be restricted to the same purpose as the employee’s own gift. 

Gifts must be paid, not merely pledged. 

Matching gift forms must be received by the Cisco Foundation within the same fiscal year of the date the donor made the gift in order to be considered for matching. 

Financial contributions must be charitable contributions that can be deducted by the individual for federal income tax purposes. 

Organizations

The recipient organization must be tax-exempt, nonprofit, and hold a current Section 501C(3) determination letter from the Internal Revenue Service. 

The organization must be classified by the IRS as a public charity.  The donation must qualify under Section 170(c ) of the Internal Revenue Code. 

The organization/project being funded must have a nonreligious primary purpose. 

The organization/project must serve the community at large. 

The organization must provide audited financial statements upon request and must not spend more than 25 percent of the support revenue for overhead costs and fundraising expenses. 

Ineligibility

General

Gifts from spouses, other family members, or joining contributions made by several individuals. 

Payments for which donors, their families, or other individuals designated by donor receive a direct benefit; this includes payment for services, tuition, books, and student fees. 

Gifts

Advertising

Annuities, charitable remainder trusts

Bequests

Deferred gifts

Fundraising sponsorships, fundraising event tickets and dinners, pledges for fundraising (walks, runs, etc.)

Gifts given to or through a third party

Gifts to fulfill pledges, tithes or other religion-related financial commitments, legal obligations, repayment of loans, subscription fees, membership dues

Gifts to individuals

Insurance premiums

Multiyear projects

Volunteer service for an appointed or elected government board

Organizations

Organizations whose primary function is advocacy or litigation

Organizations/projects that are religious or political in nature or promote a hobby

Organizations/projects that do not serve the community at large

Organizations that are membership-based (booster clubs, fraternities, sororities)

Organizations that discriminate on the basis of age, disability, religion, ethnic origin, gender, or sexual orientation

Organizations whose primary mission is to promote or serve one culture, race, or religion

Athletic teams

Funds for capital improvements, construction, or maintenance

Seminaries

Programs

Athletic programs, athletic scholarships, tournaments

Marching bands

Recreational activities

Youth and adult sports leagues


[119]   http://www.cisco.com/en/US/about/ac48/about_cisco_matching_gifts_programs.html

 

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