Payroll Giving celebrates 30th anniversaryCampaign aims to double number of Payroll Givers over next 5 years
This April sees the 30th anniversary of Payroll Giving – an easy way to donate to charity through pay. The Geared for Giving Campaign aims to raise the profile of Payroll Giving and is calling for every employer in the UK to offer it to their staff.
Currently 1m employees donate £130m a year to charity direct through their pay. The Geared for Giving campaign aims to double the amount raised per annum within the next five years.
Currently just 23% of the UK’s largest employers offer Payroll Giving. Donations made through Payroll Giving are tax free, making it an easy way to support a charity of your choice and your money goes further to help good causes.
By increasing the number of employers signing up to the scheme, Geared for Giving hopes to make giving to charity through your pay a social norm in the UK, creating a vital steady income for charities while enabling people to easily support the charities and causes close to their hearts.
BT Chairman, Sir Michael Rake, says: “Payroll Giving is the simplest and most effective way to give to charity, both for employers and employees, and is a great way to boost charitable giving overall. BT alone raises £3.5m for charities through Payroll Giving every year, and we encourage more British businesses to get behind the scheme to help deliver its true potential. At a time when charities need our support more than ever I am proud to be involved in the Geared for Giving Campaign.”
Gary Grant, owner of The Entertainer, the UK’s largest independent toy retailer, has the highest employee uptake of Payroll Giving on the high street with 50% of his employees giving. He says: “We encourage our staff to be generous and offer a Payroll Giving scheme to make it really easy. Staff just select a charity of their choice, tell us how much every month and it’s all done for them. It’s a really easy tax-efficient way of giving. I would encourage employers to lead from the front, to promote it, and you’ll be staggered just how many staff will thank you for making Payroll Giving such an easy thing to do.”
Mark Adlestone, Chairman of Beaverbrooks, which has 30% of employees signed up to Payroll Giving says: “As an employer, setting up a Payroll Giving scheme is a simple, easy and tax-efficient way to encourage your employees to make a regular donation to their chosen charity – it really is a win-win situation for everyone involved. By signing-up to the scheme, employers can reap the benefits of a very engaged workforce when it comes to helping others, knowing they have made a positive difference to the wider community.”
Peter O’Hara, Geared for Giving Founder and CEO says: “Payroll Giving in the UK already raises the annual equivalent to Children In Need and Comic Relief combined but it’s far from reaching its full potential where all employees can make a regular tax free gift, no matter how large or small, straight from their pay to any charity of their choice – from big household names to the smallest community organisations.