The Pancreatic Cancer Action Network has been selected to receive a generous matching gift of up to $400,000 over two years.
The matching gift term (Grant Term) begins 11/25/2014 and ends 11/24/2016.
- Gifts from New Private Donors qualify for a dollar-for-dollar match.
- Increased gifts (“an Incremental Donation”) by Current Private Donors qualify, to the extent new gifts and pledges exceed their recent (past two years) gifts to the Pancreatic Cancer Action Network.
- Individual, corporate or foundation gifts that qualify as Eligible Donations are capped at $50,000 of matching funds per donor, per year.
To be clear, and without limitation, the following are not Eligible Donations: In-kind donations; government funds; fees for services; amounts paid on pledges that were made prior to the Grant Term; any revenue from event registrations, memberships, raffle tickets, event sponsorships, or program/ad book space; or any other revenue where a good or service is received.
A “Private Donor” is an individual, a corporation or a foundation.
A “New” Private Donor is a Private Donor who has not made a donation to the Pancreatic Cancer Action Network at any time in the two years prior to the beginning of the Grant Term. A Private Donor who is a family member of a Current Private Donor and who resides at the same address is not considered a New Private Donor (though, that Private Donor shall be considered, together with any such family member, a Current Private Donor).
A “Current” Private Donor is any Private Donor who is not a New Private Donor.
An “Incremental Donation” for a given Current Private Donor is the amount by which (i) that Current Private Donor’s aggregate donations to the Pancreatic Cancer Action Network during any one-year period of the Grant Term exceed (ii) that Current Private Donor’s largest total annual amount of donations in the two years prior to the applicable year.
- Example: Donor A gave three donations to the Pancreatic Cancer Action Network totaling $100 in the year prior to the Grant Term, and then Donor A gives two donations to the Pancreatic Cancer Action Network totaling $150 during the Grant Term; the Incremental Donation is $50.
- Example: Donor B gave no donations in the one year prior to the Grant Term, but gave two donations to the Pancreatic Cancer Action Network totaling $200 in the year before that. Donor B then gives the Pancreatic Cancer Action Network one donation of $275 during the Grant Term. The Incremental Donation is $75.
Multi-Year Pledge Provisions: Subject to the Donor Cap and other limitations above, if a donor makes a multi-year pledge to the Pancreatic Cancer Action Network during the Grant Term, then the following shall apply to the extent that the pledge applies to the Grant Term:
- If the donor is a New Private Donor at the time of such pledge, then the total amount paid on such pledge in any year during the Grant Term shall be considered a donation from a New Private Donor during such year.
- If the donor is a Current Private Donor at the time of such pledge, then, to the extent that such pledge is paid during a year of the Grant Term, the amount of the Incremental Donation shall be calculated for such year as if the donation for such year had been made in the first year of the pledge.
Each of the following examples assumes that (i) the Grant Term is two years and (ii) any multi-year pledges by donors are made in the first year of the Grant Term.
- Example: Donor C has never given before. Donor C makes a two-year pledge of $200 per year. Because there is a multi-year pledge, $200 would be considered to be a gift of a New Private Donor for both years of the pledge. Therefore, $200 would be matched when Donor C pays the year-one amount and $200 would be matched when Donor C pays the year-two amount.
- Example: Donor D has never given before. Donor D makes a pledge of $200 in Year One, and then makes another, separate pledge of $200 in Year Two. Because there was no multi-year pledge, the year-two pledge is measured against the year-one pledge -- and there is no increase from Year One to Year Two. Therefore, $200 would be matched when Donor D pays the year-one amount, but there would be no match in Year Two.
- Example: Donor E gave $200 last year. Donor E makes a two-year pledge, with $300 pledged for Year One and $400 pledged for Year Two. Because there is a multi-year pledge, each year’s pledge ($300 and $400) would be matched against the $200 donated in the year prior to the pledge. Therefore, $100 would be matched when Donor E pays the year-one amount and $200 would be matched when Donor E pays the year-two amount.
If you have any questions about this matching gift challenge, please contact our Donor Relations department at 877-272-6226 or via email at email@example.com.