Benefits for an individual charity:
- Regular, reliable unrestricted income stream, which allows a charity to plan ahead and budget for the future.
- Low administration costs as the Payroll Giving Agencies transfer the donations to the charity’s bank account and supply donor information at a nominal cost. Some employers cover this cost.
- Charity receives donation including tax without having to reclaim tax at a later date.
- Many employers choose to match their employees gifts, some even double-match their contributions.
- When Payroll Giving is included as part of a company’s CSR or CCI initiative, such as Charity of the Year, Payroll Giving can provide a legacy of giving which continues long after the original partnership has ended.
