MMC Benefits Handbook
How the Program Works
Marsh & McLennan Companies will match those gifts made individually or jointly with a spouse or domestic partner to a qualifying organization on a dollar for dollar basis. A matching gift will be based on payments actually completed and not on pledges or commitments for future payments. The matching gift will be for the unrestricted use of the receiving institution, although the donor may specify that his or her contribution be used for a designated purpose or project. The employee must indicate this designation on the application form.
Minimum/Maximum Gift Match
The minimum and maximum gift matched is:
The maximum aggregate is $5,000 per employee per calendar year.
There's no limit on the number of gifts the program matches per year.
Educational institutions that are eligible include:
- Elementary and secondary schools.
- Institutions offering a 2-year or 4-year degree, including universities, colleges, graduate schools, technical institutions.
- Institutions must be located in the United States or in Canada.
- Institutions must be fully accredited by one of the six nationally recognized regional accrediting commissions or a recognized professional accrediting agency.
- Institutions must be recognized by the United States Internal Revenue Service as tax-exempt under Section 501(c)(3) of the Internal Revenue Code or as an organization to which tax deductible contributions can be made as a registered charity with Revenue Canada Taxation.
- Alumni associations may be eligible provided they have tax-exempt status and are certified by the eligible educational institution with which they are affiliated.
- Non-athletic scholarship funds are eligible provided they are administered by an eligible educational institution.
- Alumni status is not required to be eligible.
Eligible Gifts for the Matching Gifts Program
- Contributions must come from the personal assets of an eligible donor. Group gifts, gifts made through pooled income funds, charitable gift funds and donor advised funds are not eligible.
- Contributions can be in the form of cash, check, credit card charge or securities. If securities are given, they should be valued for matching purposes at their quoted market value at the close of trading on the day the gift is made.
- An application for a matching gift must be submitted to the educational institution and received by Marsh & McLennan Companies within one year of the date of the gift to be eligible.
The following are ineligible for matching funds under this program:
- Gifts to pre-kindergarten institutions, such as nursery schools and child-care centers
- Gifts of property, goods or services
- Gifts to athletic funds, sports teams, broadcasting stations, student clubs, fraternities and sororities
- Gifts made to parent teacher associations (PTAs) and parent teacher student associations (PTSAs).
- Gifts for bequests, dues, subscription or membership fees, insurance premiums, tuition payments or payments in lieu of tuition, books, raffles, auctions, tickets to events sponsored by or benefiting an educational institution.
Appeal Process if a Gift is Ineligible for a Match
The interpretation, application, provision and administration of this program is determined by Marsh & McLennan Companies and its decision is final. There is no appeals process.
How is the Program Administered?
Matching gift forms are processed quarterly as follows:
Forms received by:
Matching gifts sent:
Marsh & McLennan Companies' matching gift check will be forwarded to the educational institution identifying the employee as the applicant for the match.
An annual statement will be sent to each donor during the end of the first quarter of each year summarizing the previous year's account activity.
Marsh & McLennan Companies reserves the right to suspend, revise, revoke or terminate this program at any time. The interpretation, application, provision and administration of this program shall be determined by Marsh & McLennan Companies and its decision shall be final.