From: Intel Foundation
Sent: Tuesday, January 07, 2003 10:02 AM
To: Intel Foundation
Subject: Matching Gifts to Education - Changes for 2003
We would like to inform you of changes that
are being made to the Intel Foundation's Matching Gift to Education program.
These changes will be effective
Inclusion of Intel retirees
Intel values and supports the
engagement of Intel retirees with the community. In order to continue to
encourage this involvement, the Intel Foundation is extending the benefits the
Matching Gifts to Education Program to our retired employees who meet the
official retirement guidelines of Intel. This means that any contribution
from a retired Intel employee will now be eligible for a matching gift from the
Intel Foundation.
Memorial program
The Memorial Gifts program,
which allows Intel employees to donate money to a school in memory of a
deceased Intel employee, will be aligned with our existing Matching Gifts to
Education program. The Matching Gifts program will provide a dollar for
dollar match for all donations given beginning
Where to obtain information
For general information on the program, see http://education.intel.com/education2/involved/gifts.asp
For a list of Q&A's
on the changes, see http://education.intel.com/education2/involved/Employee_QA.doc
To obtain the new form and guidelines for 2003,
see
http://education.intel.com/education2/involved/2003_MG_form.doc
To obtain the form for any additional gifts
given in 2002, see http://education.intel.com/education2/involved/1032.doc
Note: All forms must be
received by
Thank you for continuing to support this
program.
The Intel Foundation
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Q&A's
What changes were made with the Matching
Gifts to Education program for 2003?
The Intel Foundation Board of
Directors unanimously voted to extend the Matching Gifts to Education program
to Intel retirees, providing a 1:1 match on all retiree contributions. The board also unanimously voted to realign the
Memorial Gifts program to be consistent with our Matching Gifts program,
matching all gifts a 1:1 basis. Both changes are effective beginning
Memorial program changes
What was the memorial program?
The program allowed for Intel
employees to give a gift in memory of
a deceased Intel employee and the Intel Foundation would match the gift on a
2:1 basis. Employees may continue to give
a donation in the name of a deceased employee but the Intel Foundation will no
longer match on 2:1 basis. All memorial gifts will be matched on a 1:1 basis.
Why was the memorial program eliminated?
In 1993, Intel
Foundation offered the Memorial Matching Gift program as a means by which
employees could respond to the loss of a colleague through donations to schools
in the deceased colleague's memory. While it is still possible (and
encouraged) for employees to make such donations, the Intel Foundation Board of
Directors has decided to match those gifts 1:1 as with other employee
donations.
If I give a donation in memory of an
Intel employee in 2002 but the form is not received at the Intel Foundation
office until after
The Intel Foundation will continue
to honor forms received for the memorial program until
What
is the limit for blue-badge Intel employees to have matched by the Intel Foundation?
Maximum
match is $10,000 per calendar year per employee or per couple (employee and
spouse). If both spouses are employees of Intel, each is eligible to
match to a maximum of $10,000 per year. The year is defined as
Inclusion of Intel Retirees to program
Who qualifies as an Intel retiree to
participate in this program?
The Intel Foundation follows Intel's definitions of retirees as any employee
who fits one of the following categories:
· 55+15: Age 55 with at least 15 years of service
· 65: Age 65
· Rule of 75: The combined total of
age plus length of service (in whole years) is equal to
or greater than 75
What is the limit for Intel retirees?
Maximum
match is $2,000 per calendar year per employee or per couple (employee and
spouse). If both spouses are retirees of Intel, each is eligible to match
to a maximum of $2,000 per year. The year is defined as
Why is the limit for Intel retirees only
$2,000?
The Matching Gifts to Education
program is open ended, therefore the potential
liability to the Intel Foundation cannot be determined exactly. In order
to ensure that the Intel Foundation is able to meet the fiscal demands of the
program while maintaining its funding priorities, the Intel Foundation Board
decided to cap the match for retired employee's gifts at $2,000 per
person/couple per year.
As
an Intel retiree, can I provide my school with a copy of the guidelines and the
form?
Because retiree eligibility must be confirmed by Intel, there is a specific
form that must be used and can only be found at the Retirement Services web
site or picked up at their office.
Communications and processes
How
will these changes be communicated to the schools?
A
detailed letter communicating the changes will be mailed in early January 2003
to all schools who have received a match from the Intel Foundation since
Where can I find and the updated
forms?
Updated forms can be found on the
Intel Education intranet site at http://education.intel.com/education2/involved/gifts.asp for active Intel employees