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Australia now has the most convenient, lowest cost payroll donation system in the world. Designed by the Australian Tax Office and The Australian Charities Fund, the new system removes the need for donors to keep receipts because the amount donated is printed on an employee’s group certificate at the end of the financial year. Donors are also entitled to an automatic tax deduction each week.
What is ‘Workplace Giving?’
Workplace Giving allows employees to donate money on a regular basis to deductible gift recipients (DGR) directly through their pay. A DGR is a charity or other organisation that is entitled to receive tax deductible donations.
Workplace giving is a form of fundraising that helps foster relationships between the charity the organization and its employees.
How does ‘Workplace Giving” work?
Employers invite their employees to enter into a “Workplace Giving” arrangement. Employees nominate their preferred charity and the frequency of their donations (e.g. fortnightly, monthly etc) and the donation amount. The donation is paid directly by the employer to the preferred charity.
Benefits to the Employer
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Enhanced corporate image and reputation.
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Demonstrates
commitment to the community and builds strong corporate partnerships.
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Provides positive internal and external publicity.
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Recognition of association with a internationally recognised children’s charity that invests.
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Directly back into the local community.
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Ease of administration
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Matched giving provides tax benefits
Why Variety the children’s charity?
√ Variety has one of the lowest operating overheads in the sector and is committed to best practice in the not for profit industry
√ Variety provides much needed equipment, resources and opportunities for all children in need, enriching lives and giving hope for a brighter future
√ Variety the children’s charity will benefit from sustainable and consistent income with reduced administration costs.
To find out more information:
ATO Workplace Giving Summary
Tax Tables for Workplace Giving
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