Error: Data could not be saved. String or binary data would be truncated when reconciling a matching gift

When reconciling a specific unapplied matching gift payment to an outstanding matching gift claim, users receive the error: Data could not be saved. String or binary data would be truncated.
Download and install the latest patch, which contains all fixes from previous patches. If you are running an older version, download and install the latest version and then the patch. 

Environment

 2.9.1001.43
 2.93.2034.22

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