Match Game: Tomorrow, Communities Foundation of Texas Brings Back "Giving Day"
CFT and The Dallas Foundation did this back in May 2009 upon the debut of Donor Bridge. Only back then CFT's reservoir of matching funds was capped at $300,000. This year it won't be dollar-for-dollar:
Matching funds will be determined by taking the total matching funds available as of Giving Day and dividing the total amount of donations from the day, to determine the percentage by which each donation will be matched. This ensures all nonprofits receive matching funds!But there's way more money at stake: Says CFT, this year there are $700,000 available in matching funds, with CFT's board kicking in $500,000. "In addition to matching funds," it adds, "The Dallas Foundation has pledged $50,000 to be given out in prizes to encourage participating nonprofits to be as strategic and creative as possible in engaging their donors." As in: The nonprofit that gets "the largest cumulative dollar amount in donations" will receive an added $10,000. In other words, it's just like a Top Chef high-stakes quickfire.