Itw Foundation 2012

What is the ITW Foundation?

The ITW Foundation is a philanthropic organization that focuses on supporting educational initiatives and community development. It aims to enhance the quality of life for individuals and families by providing financial assistance through matching gift programs. The foundation encourages employees to contribute to eligible nonprofit organizations, amplifying their donations through a structured matching process.

How to Use the ITW Foundation 3 for 1 Matching Program

The ITW Foundation 3 for 1 matching program allows employees to maximize their charitable contributions. When an employee donates to an eligible nonprofit, the foundation matches that contribution at a rate of three to one. To utilize this program, employees must follow these steps:

• Make a donation to a qualified nonprofit organization.
• Complete the matching gift request form provided by the ITW Foundation.
• Submit the form along with proof of donation.

Upon verification, the foundation will process the matching gift, significantly increasing the impact of the employee's contribution.

Eligibility Criteria for the ITW Foundation

To qualify for the ITW Foundation 3 for 1 matching program, certain eligibility criteria must be met:

• The employee must be a current employee of ITW.
• The donation must be made to a nonprofit organization that is recognized as tax-exempt under IRS guidelines.
• The donation must meet the minimum contribution requirement set by the foundation.

It is essential for employees to review these criteria to ensure their contributions qualify for the matching program.

Steps to Complete the ITW Foundation Form

Completing the ITW Foundation form is a straightforward process that involves several key steps:

• Gather necessary documentation, including proof of your donation.
• Access the ITW Foundation matching gift request form through the designated platform.
• Fill out the form with accurate information, including your details and the nonprofit's information.
• Attach the required documentation and submit the form as instructed.

Following these steps carefully will help ensure that your matching gift request is processed efficiently.

Legal Use of the ITW Foundation

The ITW Foundation operates within the legal framework established for charitable contributions and matching gift programs. It adheres to IRS regulations that govern tax-exempt organizations and ensures that all contributions are compliant with federal and state laws. Employees are encouraged to familiarize themselves with these legal requirements to ensure their donations and matching requests are valid and properly documented.

Examples of Using the ITW Foundation

There are various ways employees can leverage the ITW Foundation for charitable giving:

• An employee donates $100 to a local educational nonprofit. The ITW Foundation matches this with $300, resulting in a total contribution of $400.
• A team organizes a fundraising event for a community service organization, and all donations made by team members are eligible for matching funds.

These examples illustrate how the ITW Foundation can significantly enhance the impact of charitable contributions made by employees.