Every donation made on Colorado Gives Day benefits the organization which receives it by boosting it with a portion of the $1 Million Incentive Fund made possible by Community First Foundation, FirstBank and other community members. It increases the value of every donation proportionally and is one of the largest in the country!
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!
After Colorado Gives Day, the Foundation determines each nonprofit's proportionate share of the fund by dividing the total amount each charity raised by the total amount raised by all participating nonprofits. This amount is then multiplied by the total amount of dollars in the Incentive Fund.
Incentive Fund Formula:
Example 1: Individual Nonprofit'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 Nonprofit's Share of Incentive Fund ($1,000*)
Example 2: Let's say $10,000,000 is raised on Colorado Gives Day in total. If a nonprofit organization receives 10 percent of the total amount of dollar donated on Colorado Gives Day (i.e., $1,000,000), that same nonprofit receives 10 percent of the $1 Million Incentive Fund (i.e., $100,000*).
* All numbers with the exception of the Incentive Fund amount presented in the examples are hypothetical.