Match funding
Senast ändrad: 16-08-2023Match funding is a tool that can be used in both crowdfunding and peer-to-peer fundraising. It allows Companies and Funds to support Fundraisers and campaigns on the iRaiser platform.
Content article
General
Two forms of Match funding are supported within the iRaiser framework:
1. Starter donation
2. Multiply Donations
With the first variant, each new action, Campaign or Fundraiser receives an initial donation of a fixed amount from the company or fund. This could be interesting at a fundraising event (each participant is sponsored with xx euros by company X) or on a crowdfunding platform (each campaign receives an initial donation of €xx from company X).
For the second variant, each donation is doubled (or far x-fold) by the company or fund doing the match funding. In both variants, the maximum amount available for the match funding can be set.
The donation counter graphically displays the ‘match funding’contribution. Thereby, it can be referred to a page within the platform with more information. Match funding contributions are not subject to variable licence fees charged by iRaiser.
Use
On request, we can turn on Matchfunding functionality. You can find it then in the dashboard under Menu item 'Settings -> Match funding'. You can enable this at site, Sub site or project level by going to this level, managing it and going to Settings > Match funding and clicking on 'Yes, I want to use Match funding'.
Following this, you can fill in the various fields:
By organisation (mandatory field)
Here you fill in the name of the organisation doing the match funding sponsoring
Colour
You can choose a colour here and this colour will be reflected in the donation counter.
Donations message
Fill in a message here. This will be displayed with the donation.
Suppose you enter "Match funding - Sustainability Fund" here it will look like this at the front end:
More info URL
To provide more information about how your crowdfunding and Match funding works, you can create a Menu item (at site or segment level). You can put the url of this behind it. Once an url has been entered, an i will appear next to it where the user can click to read more information.
Type Match funding
1. Start donation
With this type of Match funding, the organisation donates the first part of target amount when an action is created, i.e. not when making a donation. After the action is created, a (manual) donation is made directly on this action. You set its amount under Amount. You can optionally set a Maximum amount. Once that amount is reached, no more match funding will be done.
An example of this type of match funding can be seen here
2. Multiply Donations
This type of Match funding focuses on Donations, and here the organisation multiplies every donation. After a donation is made, it is multiplied immediately. At Number, you can set how often you want to double the donation.
Suppose 100 euros is donated
If you set once, the organisation will add 100 euros.
If you set twice, the organisation will add 200 euros.
If you set 3x, the organisation will add 300 euros.
If you set 4x, the organisation will add 400 euros.
You can also set limits. A limit indicates what the maximum doubling can be. If you have set 4x as the number and a limit of 400 euros, and someone donates 200 euros then the amount the organisation contributes is 400 euros.
Also here you can set a maximum amount. If that is reached then the pot is 'used up' and no more Match funding is done.
An example of this type of match funding can be seen here
.
If you have this type of match funding active and you make a manual donation, you have to choose whether to matchfund the manual donation or not:
Output
A donation made through Match funding is a manual automatic donation. It looks as follows:
Match funding is linked to the original donation. If you delete it then the matchfunding donation will also be deleted. If you move the original donation then the match funding moves with it too.
Excel
The Excel file adds a new type of Payment Method: Match funding. Here see an example of an Excel file with match funding in which the columns not used by matchfunding have been omitted for convenience.
Interested in this functionality on your platform? Then contact us.