Community First Foundation and FirstBank each contributed $500,000 to create a $1 Million Incentive Fund again this year, one of the largest in the country! It increases the value of every donation proportionally.
Here's how it works: If a nonprofit organization receives 10 percent of the total amount of money raised on Colorado Gives Day, that same nonprofit receives 10 percent of the $1 Million Incentive Fund.
At the completion of Colorado Gives Day, the Foundation will determine each nonprofit's proportionate share of the incentive fund by dividing the total amount each charity raised by the total amount of donations to all participating nonprofits. This amount will then be multiplied by the total amount of dollars in the Incentive Fund.
Example 1: Individual Charity's Amount Raised ($10,000) divided by the Total Amount Raised on CO Gives Day ($10,000,000) x Total Amount in Incentive Fund ($1,000,000) = Individual Charity's Share of Incentive Fund ($1,000*)
* All numbers with the exception of the Incentive Fund amount presented in the examples are hypothetical.
Visit the Colorado Gives Day FAQs for details.