Workplace giving is the process of making regular donations to charities through your employer's payroll system. Employers may choose to match employee donations. Together, you and your employer can make a real difference.
Workplace giving is a simple, tax efficient and cost efficient way to donate. Donations are made pre-tax, meaning that the tax deduction is immediate and guaranteed. So a $20 donation pre tax costs the donor only $13.70 after the automatic tax deduction, but charity receives the full $20 (assuming a marginal tax rate of 32.5%). Add matched giving by the employer and suddenly that $13.70 generates $40 for charity!
Karma Currency has created Workplace Giving – Minus the Work ™. It’s easy to establish, simple to administer and enjoyable to use.
Our interactive, engaging and empowering online workplace giving environment lets your employees support over 150 charities with 1000’s of directed projects from finding cures to cancer, to rescuing a rainforest.
By charging the employer a small administration fee, staff get to give knowing that 100% of the donation reaches the charity.
Plus, staff are empowered to “set”, “split” or “select” the way they donate. “Set” means to set my $10 a month to go to charity X, “split” means to give say 33% to charity X, 33% to charity Y and 33% to Charity Z and “select” creates a charity gift voucher that the employee (and their family) can direct to the charity projects of their choice.
Research we have undertaken with Harvard University shows a positive relationship between happiness and giving. And we all know that happy staff are productive staff.
Speaking of happy staff… our system is a breeze for payroll as there is only one invoice, one payment, one transaction and one receipt each pay cycle. Plus, Matched Giving can be turned off and on depending on the needs and budgets of the organization.
Plus our quarterly positive outcome report will put a smile on the face of every HR manager as they receive a report that drills down to which organizations and directed projects are supported by their staff. At months end they can report to staff and stakeholders how many miles of landmines they helped clear, how many midwives they helped train and how many wells they helped dig.
Karma Currency and Origin are working together to create an engaging workplace giving program for employees.
As part of the partnership Karma created a micro site for Origin employees, through which they can donate to more than 30 charities within four key cause areas.
Employees can choose to give to the same charities each month, or sign up to receive monthly Karma vouchers which they can direct to any charity on the Karma list. Origin matches all donations dollar for dollar.
If you like the sound of our Workplace Giving program and wish to join other progressive companies like Origin Energy feel free to phone us on 03 9686 6100 or email us at corporate@karmacurrency.com.au.
