Matching Incentive Program (MIP) Rules
Employee Choice: Applies to donations made to any United States based 501(c)(3) or international equivalent non-profit organizations (except accredited colleges or universities - see "Higher Education Choice" below) or K-12 public or private schools.
TOTAL ANNUAL LIMIT PER EMPLOYEE: $1,000 per year matched 1:1
- All active full-time and part-time employees are eligible; retirees are not eligible.
- Donor must be an active full-time or part-time employee when donation is made and registered online with the Verizon Foundation.
- Minimum gift eligible for match: $25.00
- In order to be eligible for a MIP match, employee donations must be a personal contribution of $25 or more from the employee's own assets, paid directly to the eligible United States public school or 501(c)(3) organization, or international equivalent Donations must be current contributions from the employee's own assets, and must be made, not merely pledged. A matching gift cannot be used to satisfy a personal pledge (e.g. a pledge of $2,000 cannot be satisfied by $1,000 from the employee and $1,000 from the Foundation match). Donations can be in the form of one of the following:
- personal check/cheque
- money order
- credit card payment
- transfer of stock certificate
- 2012 donations must be registered online by January 31, 2013 In order to receive a match, the recipient nonprofit organization must verify receipt of the gift online no later than March 31st of the following calendar year (i.e. gifts registered in 2012 must be confirmed by 03/31/13)
- In order to receive a match, the recipient nonprofit organization must verify receipt of the gift online no later than March 31st of the following calendar year (i.e. gifts registered in 2012 must be confirmed by 03/31/13)
- The Verizon Foundation/Verizon Foundation Customer Service Center is not permitted to register a donation on behalf of an employee.
- Employees are not permitted to confirm/verify their own MIP gift transactions on behalf of a nonprofit organization
- Employees are not permitted to confirm/verify MIP gift transactions made by another Verizon employee on behalf of a nonprofit organization
- Employees' family members* or someone with whom they share are closer personal relationship** are not permitted to verify/confirm the employees' matching gift donation on behalf of a nonprofit organization.
- Employees are not permitted to request a MIP grant on behalf of organizations where they or a family member* or someone with whom they share a closer personal relationship** receive any direct or indirect commercial or financial benefit as a result of their donations to those organizations - including but not limited to memberships, dues, tuition, tickets.
- The benefitting nonprofit organization/school may not enter a matching gift donation on behalf of an employee.
- The Verizon Foundation will not consider a MIP grant to be eligible for payout if there is any discrepancy between the donation dollar amount entered by the donor and the donation dollar amount verified/confirmed by the nonprofit.
- Matching Grant funds from the Verizon Foundation may not be used to fulfill membership dues, reach donation thresholds that provide any personal benefit or gain, satisfy a personal pledge or the like.
Higher Education Choice: Applies to donations made directly to US accredited colleges and universities or international equivalent
TOTAL ANNUAL LIMIT PER EMPLOYEE: $5,000 per year matched 1:1
- Available to all active full-time and part-time employees and eligible retirees. Retirees of Verizon Wireless and Verizon Business are not eligible to participate in MIP.
- Donor must be an active full-time or part-time employee or eligible retiree when donation is made and registered online with the Verizon Foundation.
- Minimum gift eligible for match: $25.00
- Minimum gift eligible for match: $25.00
- 2012 donations must be registered online by January 31, 2013 within In order to receive a match, the recipient nonprofit organization must verify receipt of the gift online no later than March 31st of the following calendar year (i.e. gifts registered in 2012 must be confirmed by 03/31/13)
- In order to receive a match, the recipient nonprofit organization must verify receipt of the gift online no later than March 31st of the following calendar year (i.e. gifts registered in 2012 must be confirmed by 03/31/13)
- The Verizon Foundation/Verizon Foundation Customer Service Center is not permitted to register a donation on behalf of an employee/retiree.
- Registrants are not permitted to confirm/verify their own MIP gift transactions on behalf of a nonprofit organization
- Registrants are not permitted to confirm/verify MIP gift transactions made by a Verizon employee or retiree on behalf of a nonprofit organization
- Registrants' family members* or thos with whom they share a close personal relationship**are not permitted to verify/confirm the registrants' matching gift donation on behalf of a nonprofit organization.
- Registrants are not permitted to request a MIP grant on behalf of an organization where they, or a family member* or someone with whom they share a closer personal relationship** receive any direct or indirect commercial or financial benefit as a result of their donation to those organizations
- The benefitting nonprofit organization/school may not enter a matching gift donation on behalf of an employee or retiree
- Matching Grant funds from the Verizon Foundation may not be used to fulfill membership dues, reach donation thresholds that provide any personal benefit or gain, satisfy a personal pledge or the like.
The Verizon Foundation cannot process any gift where there is a discrepancy between the gift amount entered by the donor and the amount confirmed by the nonprofit.
Please be sure to abide by all Matching Gifts Program rules. Only those application that adhere to the rules will be considered for approval and payout. All Matching Gift requests are subject to review by Verizon Internal Audit and Verizon Security. As stated in the code of Conduct, Verizon does not tolerate falsification or improper alteration of records. Failure to comply with any provision of the Code or company policy is a serious violation, and may result in disciplinary action, up to and including termination of employment.
Eligibility, terms, and conditions of the program are subject to change at any time. If you have any questions regarding these terms and how they apply to you or your gift please call us at 866-247-2687 and we will be happy to review them with you.
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