Payroll Giving increases by £3.5 million in 2017-18The Association of Payroll Giving Organisations (APGO) has just announced that monies raised via Payroll Giving have increased by £3.5 million compared to the previous financial year.
Monies donated by employees reached £133 million in 2017-18 compared to £131 million in 2016-17, and employer matching increased from £7 million in 2016-17 to £8.5 million in the past financial year.
The 2017-18 figures are based on statistics from the three largest Payroll Giving Agencies, Charities Aid Foundation, Charities Trust and Charitable Giving. Currently 5,500 employers operate the scheme in the UK, with over 1 million employees donating each month which benefits over 8,500 different causes.
Panikos Efthimiou, chair of the APGO said: “Our members are thrilled that Payroll Giving continues to grow and support even more charities in the UK each payday. We want to take this opportunity to thank every employer who operates the scheme and the 1 million employees who give each month to a cause they care about.”
Peter O’Hara, Founder of the Geared for Giving campaign comments: “This is great news and an indication that the work we are doing is continuing to raise awareness and increase monies raised through Payroll Giving. Our mission is to raise £130m more for charities per year by doubling the number of employees donating through Payroll Giving schemes at work, from one million to two million. We still have a great deal of work to do, but we are getting there!”
If you don’t already offer Payroll Giving then why not contact us at email@example.com to find out more and join hundreds of like-minded employers who are allowing their employees to support a charity they care about in the most tax effective way
More sector information can be found on the APGO website http://www.apgo.org.uk or you can follow them on Twitter @APGOrg