Dollars for Doers Program: What is it & Should You Invest?
A number of companies participate in a program that supports the giving of time by their employees commonly known as Dollars for Doers (D4D). There has been a lot of buzz in the marketplace of the value of this type of program and its benefits.
What is a dollars for doers program? It’s an employee giving program in which a company provide monetary grants to charities/non-profits. These are also referred to as volunteer grants (because the nonprofits that the corporations usually choose to give to are the ones that have many of that company’s employees as volunteers.)
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First we think its key to share with you all the names this program is considered –
A Dollar By Any Other Name…
Sometimes Dollars for Doers programs are recognized by other names. Here are some common aliases for the corporate giving programs (just to keep you on your toes).
- Grants for Time Programs
- Dollar for Hour Programs
- Matching Time Programs
- Team Volunteer Grants
- Community Grants
Secondly, who is using this type of program
Many corporations are tapping into this program at high rates, take a look at these companies that are going above and beyond to strengthen their Dollars for Doers program. Companies like ExxonMobil, Intel, Boeing, and Best Buy have all incorporated the Dollars for Doers program and are using it quite effectively.
Be the corporation that makes a difference! More than 90% of nonprofit directors reported that they do not have enough pro bono resources.
Lastly, the value proposition
It improves the company’s public image, the more positivity you surround your company the better. Stocking up on positive press is never a drawback especially with the gift of a person’s time to in need organizations. More than 50% of millennials were influenced to accept a job based on a company’s involvement with philanthropic engagement programs.
It gives corporations a chance to give back with time and skills, when corporations spend time to better philanthropic efforts in society; it’s like giving the universe a big thumbs up. Skills-based volunteers are 142% more likely to gain job-related skills than good ol’ fashioned regular volunteers.
It increases employee engagement, when employees feel their work has a soul they truly see fulfillment not only in their work, but in the corporations they work for. Creating a strong employer loyalty/brand loyalty factor. About 60% of employers that feature charities programs reported an increase in employees choosing to be active with time and dollars.
“Companies with dollars for doers programs understand that more employees will volunteer when they’re promised greater rewards, and nonprofits have a real incentive to get more people to volunteer. Of course, doing good for the world is at the heart of volunteerism, but people do more good for the world when they are able to donate money on top of lending a helping hand.” – Adam Weinger, President of Double the Donation