Workplace giving offers a simple and tax effective way for employees to be involved in charitable giving. Employees donate money on a regular basis to one or more charities directly through their pay. These charities are accredited “deductible gift recipients” (DGR’s) and therefor entitled to receive tax deductible donations.
Employers usually provide a list of charities for their employees to choose from. Employees nominate their preferred DGR from this list and specify the frequency of their donations (e.g. weekly, monthly etc) and the donation amount. When calculating the tax to be withheld from the employees salary employers first deduct the donation amount from the gross salary.
At the end of the financial year employers should provide each employee with a summary of their donations which is needed to claim a tax deduction.
If you would like to support us by setting up a Workplace Giving program for SpinalCure, please see your HR department or:
Email [email protected]