Payroll giving is a voluntary initiative that enables employees to make donations through their employer's payroll system to organisations that are approved by Inland Revenue. Villa Education Trust is an approved donee organisation, and is a registered charity.
Donations made via payroll giving receive an immediate PAYE credit of 33% of the donation amount. This means if you donate $15, it actually costs you only $10.
Payroll giving works for all involved:
- It provides the donor with a seamless way to donate, and saves the hassle of claiming the tax back as part of an annual tax return.
- It provides the employer with a way to support the things that matter to employees.
- It provides Villa Education Trust with a steady revenue stream, and lowers the cost of fundraising.