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Higher education matching gifts program to change in 2013

by on December 21, 2012

(Story by Barry Schumann)

Due to budget constraints and limited staff, the AEP Higher Education Matching Gifts program will be changed beginning Jan. 1, 2013.

Total matching payments per employee or retiree per institution per year will be capped at $1,000 in 2013.

To be eligible for the company match, donations by employees to colleges and universities in 2013 must be at least $250 per payment. Total matching payments per employee or retiree per institution per year will be capped at $1,000 in 2013.

AEP will match eligible donations dollar-for-dollar up to the cap.

Donations made by employees in 2012 but not submitted to AEP by the institution until 2013 will be matched at the previous 2012 levels.

Retirees should follow the steps outlined in the AEP Higher Education Matching Gifts Program section under Links on this website.

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