This information has been on our GiveBIG Resources for Nonprofits page for a while, but as we keep adding more resources to the page, we realize that it is not very prominent anymore! So, we thought we would use the blog to help get the word out that:
We will “stretch” all donations up to $25,000 per donor, per organization. This is the first year that we are setting a limit on the amount that qualifies for funds from the GiveBIG Stretch Pool.
This change in policy affects a very small number of donations that were made last year, and we have contacted the nonprofit organizations directly to let them know. We are hoping that with this small amendment, we will help level the playing field for smaller nonprofits and help the Stretch Pool go further for organizations that rely on smaller donations.
So, what does that mean for your donors? If a donor gives your organization $35,000 through GiveBIG, we will stretch the first $25,000. You will still receive the full $35,000 donation but only the first $25,000 will qualify for stretch funds.
Another example: Let’s say one donor gives you two donations at some point during the day: one for $20,000 and one for $30,000. Same deal: you will receive the full $50,000, but only the first $25,000 will qualify for stretch funds.
Keep in mind that the majority of donations made last year on GiveBIG day were $50 or less (with an average gift size of $190), yet we still raised a total of $8.6 million, including donations, Stretch Pool funds, Challenge Grants, and Golden Tickets!
Thank you for your understanding and as always, we welcome your feedback and suggestions on how to make this event an even stronger success for our community, nonprofit organizations and the generous “Everyday Heroes” who contribute through GiveBIG!