Workplace giving is a simple and mutually beneficial way to support Stewart House
Workplace Giving has become a popular and easy way for both employees and employers to support charities.
For employees it takes away the hassle of setting up bank transfers or going online to make a credit card payment. It also means there is no need to keep receipts for claiming a tax deduction at the end of each year.
For employers it provides the opportunity for them to show their commitment to Corporate Social Responsibility by matching their employee’s donations.
It may be a great way for your staff to come together and show support for Stewart House.
When you elect to make a donation to Stewart House through your employer’s payroll system, if it can be done pre-tax, you reduce the overall tax you would pay annually.
Some employers match staff donations, so the value of your donation doubles directly to the charity. This is currently the case with Teachers Health (a long standing supporter of Stewart House).
Most donations are made post tax via credit card on websites or electronic fund transfers between bank accounts. These require the donor to keep receipts and claim deductions on annual tax returns. Quite often this is overlooked. It also requires time and effort to be put in by both parties.
Some people also use third party platforms to make donations. In these cases the total value of their donation is not received in full by the charity because handling fees are deducted.
Stewart House is a recognised children’s charity with deductible gift recipient (DGR) status for the purposes of advancing health, social or public welfare and other purpose beneficial to the community. Our full credentials can be viewed here.
Comparing Workplace Giving with Traditional Donating
Traditional Donating
When someone gives $5.00 (Based on a Marginal tax rate of 32.5% applied for an employee earning between $37,001 and $90,000 per annum)
- It has already cost that individual $7.40 because he or she has had their salary taxed and this can only be claimed back at EOFY.
- It has also cost the charity up to 30% of the donation in marketing and administrative expenses.
Workplace Giving
When someone gives $5.00 (Based on a Marginal tax rate of 32.5% applied for an employee earning between $37,001 and $90,000 per annum)
- It effectively costs them $3.40 ($5.00 less $1.60 not required to pay in tax)
- The charity receives $5.00
More Information
To enquire further about Workplace Giving, please contact our Chief Operating Officer, Murray O’Donnell, directly via murray@stewarthouse.org.au or call our office 9938 3100.
If you are currently employed by the NSW Department of Education and would like to sign up to the DoE Salary Contribution Scheme, please complete the online form available here.