How billions of dollars in charity donation matches go unused every year

Nov 29, 2021, 6:20 PM | Updated: 8:44 pm

SALT LAKE CITY — When it comes to helping people in need, every dollar counts. But, as the KSL Investigators found, there are billions of extra dollars going to waste because people don’t know to ask for them.

‘Tis the season of giving — where many will find themselves digging deep to help. But it is money that is not being donated that has financial and credit analyst Matt Schulz scratching his head.

Schulz told us his father’s battle with cancer made raising money personal for him.

“I started a little online fundraiser,” he said of his efforts.

In the process, he learned something he did not know. His company will match charitable donations up to $1,500 per employee every year.

“I thought, ‘Wow, that’s a really big number!’” he exclaimed.

Schulz is a money guy. He works for a company called Lending Tree. If he did not know about his own company’s charitable-donation matching program, he wonders how many others do not know if their company matches.

Turns out: it is a lot.

According to doublethedonation.com, an estimated $4 billion to $7 billion in matching gift funds goes unclaimed per year.

The main reason? Employees do not know that their company has a matching program.

“Far too few people know about them and take advantage of them,” Schulz said.

Schulz said he is glad he reached out to his company, which doubled his donation to the American Cancer Society.

He said he hopes that as you consider what you can afford on this Giving Tuesday-eve, you will consider a conversation about donation matches with your company’s human resources department.

“You literally have billions of dollars in potential matching funds that go unused each year.”

Most companies will only match if it’s a legit, registered charity, as opposed to someone in need, trying to raise money on GoFundMe.

If you are in need of an idea for a charity, there is always KSL’s Quarters for Christmas. Every quarter raised goes to providing coats and shoes to people who may otherwise go without.

KSL 5 TV Live

Top Stories

KSL Investigates

Matt Gephardt & Sloan Schrage

Get Gephardt: How cybercriminals use social engineering to get us to hand over our sensitive info

You can have the strongest password, but the bad guys know there is one weakness they can use to hack into your system - you!
2 days ago
Delric Ellington and Kael Ellington talk about a stray bullet that entered their Salt Lake City hom...
Annie Knox and Daniella Rivera, KSL TV

Amid increase in youth shooting deaths, Utah pediatricians push for tougher gun laws

The number of Utah children and teens killed by gunfire reached a record high in 2020, in part because of a spike in homicides. Two Utah pediatricians are calling on the state to pass what they see as solutions to the troubling trend.
5 days ago
Albee Bostrom and Sissy McDade turned their love of thrift store shopping into a business: Thrift H...
Matt Gephardt

Gephardt Busts Inflation: Second-hand shopping, selling surge as Utahns try to beat rising prices

Data shared with the KSL investigators shows Utahns are trying to bring in more money and reduce spending as they try to bust inflation.
5 days ago
Bry Hansen visits his son's grave in South Jordan. (Tanner Siegworth/KSL TV)...
Annie Knox and Daniella Rivera, KSL TV

The number of Utah kids and teens dying by gunfire hit a record high in 2020

The state hit a devastating milestone in 2020, recording the highest-ever number of shooting deaths among Utahns 18 and younger.
5 days ago
Matt Gephardt & Sloan Schrage

Get Gephardt: What can you do if you pay someone to do work but they disappear with your money?

Imagine paying a deposit only to have them take your money and ghost you.
7 days ago
Photo illustration (Photo by Matt Cardy/Getty Images)...
Matt Gephardt

Get Gephardt: Your credit card can up your interest rate without telling you

If your credit card company raises your interest rate even just a little bit, it could have a significant impact on how long it takes you to get out of debt. A relatively new law means your credit card company can do just that and they do not even have to give you the heads up.
8 days ago

Sponsored Articles

Hand turning a thermostat knob to increase savings by decreasing energy consumption. Composite imag...
Lighting Design

5 Lighting Tips to Save Energy and Money in Your Home

Advances in lighting technology make it easier to use smart features to cut costs. Read for tips to save energy by using different lighting strategies in your home.
Portrait of smiling practitioner with multi-ethnic senior people...
Summit Vista

How retirement communities help with healthy aging

There are many benefits that retirement communities contribute to healthy aging. Learn more about how it can enhance your life, or the life of your loved ones.
Happy diverse college or university students are having fun on their graduation day...
BYU MBA at the Marriott School of Business

How to choose what MBA program is right for you: Ask these questions before you apply!

Wondering what MBA program is right for you? Take this quiz before you apply to see if it will help you meet your goals.
Cloud storage technology with 3d rendering drawer with files in cloud...
PC Laptops

How backing up your computer can help you relieve stress

Don't wait for something bad to happen before backing up your computer. Learn how to protect your data before disaster strikes.
young woman with stickers on laptop computer...
Les Olson

7 ways print marketing materials can boost your business

Custom print marketing materials are a great way to leave an impression on clients or customers. Read for a few ideas to spread the word about your product or company.
young woman throwing clothes to organize a walk in closet...
Lighting Design

How to organize your walk-in closet | 7 easy tips to streamline your storage today

Read our tips to learn how to organize your walk-in closet for more storage space. These seven easy tips can help you get the most out of your space.
How billions of dollars in charity donation matches go unused every year