We’re working with major UK businesses to revolutionise charitable giving in the workplace
6 October 2016
A new phase of the national Geared for Giving Campaign will be launched later today by BT Chairman Sir Michael Rake. It calls for employers in the UK with over 250 employees to offer Payroll Giving to their employees. The campaign aims to double the amount raised by Payroll Giving for charities to £260m annually, by increasing the number of employees giving through pay from one million, to two million 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, which makes it an easy way to make regular, tax-free donations to a charity of your choice. Donations are taken each month from an employee’s salary before tax, which means more money goes to charity, For example, each £10 you give only costs you £8 (or £6 if you’re a higher rate tax payer).
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.
The campaign is funded by a group of the UK’s biggest employers, including BT, ASOS, Beaverbrooks, Experian, Linklaters LLP and The Entertainer. The heads of these companies are encouraging a culture of generosity by calling for every employer across the nation to follow their lead and offer Payroll Giving to their staff.
We’ve also committed to build a new digital platform, which for the first time will enable any PAYE employee to request to sign up to Payroll Giving.
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.”
Peter O’Hara, Geared for Giving Founder and CEO says:“We are on the verge of a dramatic transformation in employee giving. 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.
“There is huge appetite and with the backing of top business leaders and such a large audience to engage with, we are looking forward to growing the supporter base to spread the Geared for Giving message in workplaces across the UK.”