Prior to 2003, Workplace Giving played only a small part in Australian charity fundraising. Now, with pre-tax payroll giving, engaged employers and their non profit partners are forming a new view of Workplace Giving and its many benefits.
The facts are:
- More than $75M has been donated to over 180 charities through Workplace Giving programs supported by ACF.
- From data obtained by ACF from the Australian Taxation Office we konw that in Australia 100,000 employees donated $28 million through 2850 employers in FY10. We can reliably estimate employers donated $12 million in matching donations, resulting in over $40 million for the charity sector from workplace giving programs in FY10
- Employees who choose to donate through payroll, do so in pre-tax dollars and enjoy immediate tax benefits.
- Workplace Giving is better for charities because it greatly reduces their fundraising and administrative costs.
- If just 10% of working Australians made a payroll charity donation of $5 each week, the Australian community would benefit by over $260 million each year.
A Workplace Giving study led by The Australian Charities Fund showed the partnerships established through Workplace Giving have enormous community benefits.
Contact The Australian Charities Fund to learn more.
The Australian Charities Fund and United Way have made a joint submission in response to the Commonwealth Treasury's discussion paper, 'Charitable fundraising regulation reform'.
