Announcing 10x donation matching on Watsi
watsi.org
watsi.org
Administrative time is always at a premium in non-profits, and optimizing for lower overhead in time and work is a reason for many things that might otherwise seem a little puzzling in their persistence.
> non-illusory matching may exist in some other circumstances. A couple possibilities: coordination matching and influence matching.
The author doesn't think much of those either, but IMO he's wrong and both would certainly qualify as genuine 1:1 matching.
Also, is the match monthly or all at once?
The current cap for the campaign is $100k and we still have a ways to go. However, the campaign is off to a great start and there might be an opportunity to increase the cap if needed.
By the way, if anyone is looking to support teachers through small donations, DonorsChoose (https://www.donorschoose.org) does matching opportunities like this regularly. They fund classroom projects, not health issues, but I think the satisfaction and rationale for supporting are similar. The most recent match was backed by The Bill & Melinda Gates Foundation.
Which I guess I don't feel bad that more money is being raised for Watsi, but it's interesting that people don't see this sort of thing for what it is.
anyway sorry for the rant.
Donors shouldn't obsess about the overhead ratio anyway, as the link explains.
Is this only for new donors? I am already a universal fund donor, but may consider making a new account for my 'friend' to get the match donation.
Thanks -
Also, the matching could be prorated over the next 100 years. This company has only been around for 3 years and doesn't have a profile on Charity Navigator yet. I will give it some more time.
We can afford to do this by 1) raising money separately from a group of donors to cover our administrative costs and 2) enabling people who donate to patients to add a tip to help cover administrative costs (despite it being optional, ~2/3 of donors tip).
We're too new to have been rated by Charity Navigator. Regardless, even when we are rated I won't point donors there. I think Charity Navigator is a valuable tool (more transparency around nonprofits is a good thing imo) but I don't think it's an effective way of evaluating an organization's impact. It's focused on what % of donations nonprofits spend on programs (vs administration) but not on whether the programs work.