Frequently Asked Questions
The Pfizer Foundation Matching Gifts program matches U.S. based colleague and retiree donations to any eligible 501(c)(3) tax-exempt organization that meet program criteria. Retirees must be retiree medical eligible to participate. The program is voluntary, designed to provide participants with an incentive to make periodic contributions benefiting eligible organizations that are important to them.
Effective January 2019, donations to eligible non-profit organizations in the United States and Puerto Rico will be matched by the Pfizer Foundation at 50% up to $10,000 annually inclusive of any donations made during the Annual Giving campaign. Credit card fees are waived and paper forms are not accepted.
Who is eligible to participate in the Pfizer Foundation Matching Gift Program?
All regular, full- or part-time U.S. and Puerto Rico-based employees and retirees are eligible. Retirees must be retiree medical eligible to participate. Temporary employees, interns, spouses and contractors are not eligible for the program.
How much will Pfizer Foundation match per year for retirees? The Pfizer Foundation will match at 50% up to $10,000 annually inclusive of any donations made during the Annual Giving campaign. The minimum eligible gift is $25.
How is the annual donor limit determined?
The annual donor limit is determined by the actual date of the donor’s contribution to the recipient organization. For example, if a retiree makes an offline donation of $5,000 on Dec 31, 2019 and requests a match online in February 2020, the matching gift award, if approved, will be “credited” to the donor’s 2019 limit.
Who is responsible for the Matching Gifts Program guidelines?
The guidelines for the Program are established by the Pfizer Foundation officers and approved by the Pfizer Foundation Board. Guidelines are reviewed on an annual basis.
What types of organizations are eligible to receive a match through the Pfizer Foundation Matching Gifts Program?
Nonprofit organizations located in the United States and Puerto Rico and recognized by the Internal Revenue Service as tax-exempt and designated a public charity under Section 501(c)(3) of the Internal Revenue Code (the “Code”) or as an instrumentality of a federal, state or local government as provided by Section 170(c)(1) of the Code.
Eligible organizations include, but are not limited to: colleges and universities, private and public elementary and secondary schools, civic, arts and culture, health and human service agencies and environmental organizations.
What is a 501(c)(3)?
501(c)(3) is the section of the Internal Revenue Code which establishes the criteria for tax exempt charitable organizations. An organization must have 501(c)(3) status (i.e., must be tax exempt) in order to receive matching funds. Note that not all 501(c)(3) organizations qualify for the Program; only 501(c)(3) organizations that also are classified as “public charities” are eligible.
Are all donations eligible organizations matched by the Pfizer Foundation?
Not necessarily. Even if an organization is an eligible 501c3, certain types of donations are not. Types of donations that are not eligible for matching include:
Does the Pfizer Foundation match donations to religious organizations?
The Pfizer Foundation Matching Gifts Program does not match contributions to religious organizations, meaning houses of worship (e.g. churches, temples, synagogues, mosques). However, donations may be eligible for a match if the programs operated by faith-based social service organizations meet the following criteria:
Is a soup kitchen operated by a local church eligible for a match?
No. The soup kitchen must maintain a separate 501(c)(3) determination letter from the IRS to be eligible for a match. It cannot use the determination letter from the church.
Can retirees donate money to organizations located outside the United States?
Organizations must be U.S. or Puerto Rico-based, but may serve needs worldwide.
How does an organization update its contact information on the YourCause online platform?
Organizations can update their contact information through the YourCause NPO Portal at npo.yourcause.com.
How will a non-profit organization know who sent them a donation?
Donation checks include a letter of instruction for the organization to login to the YourCause NPO Portal in order to view all donor details for a specific check.
How do retirees submit an online matching gift request?
Can retirees submit a donation and match request using a paper form?
No. Effective January 2019, all match requests must be made online.
When and why do retirees have to upload a receipt to request a matching gift?
Retirees who donate offline must upload the receipt/acknowledgement letter from the recipient organization to complete the match request process.
What happens if a retiree does not have receipt of a donation made to an organization?
If a retiree does not have a receipt, the retiree must contact the organization and request a receipt/acknowledgement letter and submit online to complete the match request.
When will the organization receive the Pfizer Foundation match?
Matching gift requests are processed daily and disbursed by check or ACH monthly to recipient organizations by the 15th of each month. For example, if you submit a request on September 10th and the request meets program criteria and is approved, it is anticipated that the match will be disbursed by October 15th.
How long do retirees have to request a match to a donation that has been made by check, credit card or stock?
All matching gift requests should be made immediately after a donation has been made.
Is there a deadline to submit a match request?
The deadline to submit a match request is March 1st of the year following the donation. For example, if a retiree makes a donation in 2019, that retiree must submit an online match request by March 1, 2020.
Why is it necessary to provide the exact date of a retirees’ donation?
The Pfizer Foundation requires the exact date of the donation in order to determine if the donation is eligible to be matched. The Pfizer Foundation’s policy does not match donations that are more than a year old.
How do retirees determine the tax deductible portion of a donation?
If a donor does not receive any goods or services in exchange for a donation, the donation is 100 percent tax deductible and is eligible for a 100 percent match. Alternatively, if a donor receives goods or services in exchange for a donation, all or a portion of that donation may not be tax deductible. Examples include dinner sponsorships, tickets, golf tournament events/dinners, etc. If there is any uncertainty, the recipient organization can provide details on what portion of the gift is considered tax deductible.
What is a Donor Advised Fund?
A donor advised fund (DAF) is a charitable giving vehicle that allows an individual to make an irrevocable, tax-deductible contribution of personal assets to establish a donor advised fund account at a 501(c)(3) entity (e.g., Fidelity Charitable, a community foundation, etc.). At any time thereafter, the individual may recommend grant distributions from that account to qualified charitable organizations.
Does the Pfizer Foundation match donations made from donor advised funds, family foundations or charitable gift trust?
Yes, the Pfizer Foundation matches donations made from donor advised funds, private foundations and charitable gift trusts to public charities.
Does the Pfizer Foundation match donations made into donor advised funds?
No, the Pfizer Foundation does not match donations into donor advised funds. Since January 2004, the Pfizer Foundation has not matched contributions going into donor advised funds (DAFs), as the Foundation does not have any control over the distribution of the funds once contributed to a DAF. The intent of the Matching Gift Program is to encourage direct philanthropy by colleagues and retirees to charities of their choice within the Program’s guidelines.
Retirees have three options for additional support.