Seattle Foundation and Local Philanthropists Increase GiveBIG "Stretch Pool" by $300,000 - PR Newswire - The Sacramento Bee: SEATTLE, May 3, 2012 /PRNewswire-USNewswire/ -- Following the stunning results of GiveBIG, The Seattle Foundation, local businesses and philanthropists have added $300,000 more to the "stretch pool" that will leverage the $7.4 million in gifts made yesterday through the online giving campaign.
During this 24-hour online event held on May 2, people made nearly 38,000 donations to more than 1,200 local nonprofits profiled on www.seattlefoundation.org. The Seattle Foundation promises to "stretch" these gifts further, making a prorated "stretch" or match of every contribution using a pool of $500,000 provided by corporate sponsors, individual contributors and the Foundation. Today's announcement brings the "stretch pool" to $800,000, allowing for a larger proportional match than would have otherwise been possible.
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