Pennies For Promise - A Simple, Yet Winning Idea

Transcription

1 Pennies for Promise is a simple, yet innovative idea. It is a payroll giving scheme that allows an employee to make a donation to a charity directly from their net pay. The employee s net pay is rounded down to the nearest pound, and the remaining pennies are donated to a charity of their choice. Pennies for Promise is an easy to implement scheme, that can provide your charity with a regular donation stream, allowing you to fund your charitable goals. The scheme is carefully designed to ensure that 100% of donations go to employee nominated charities. Page 1 of 6

2 How does it work? Pennies for promise is a simple idea. When an employee receives their net pay (their take-home pay after tax deductions) we will round the amount down to the nearest pound. The pennies that are left over are then deducted and sent to a charity of their choice. Their small donation of a few pennies each month is part of a large collective donation. If everyone within a company registers for the scheme, the collective amount of pennies donated will make a significant difference to the charities receiving it. For example: Sarah has a net pay of We will round it down to the nearest pound, deducting 23 pence from her net pay, leaving Sarah with , the deducted 57 pence will be donated to her chosen charity. As you can see below, a deduction for Pennies for Promise will appear on her pay-slip to reflect this. Page 2 of 6

3 How do we receive the donations? The deducted pennies are stored by Pennies for Promise and distributed to the charities selected by each employee twice a year. This biannual payment reduces administrative burden for your charity, and Pennies for Promise. Payment is made by BACS and any accumulated bank interest for the six month period is shared proportionately to the recipient charities. What are the benefits for our charity? Pennies for Promise is a simple, easy to setup scheme that allows employees to make regular donations to charities directly from their net pay. The funds are deducted and distributed to nominated charities, with minimal administrative burden. The scheme is an effective way to spread awareness of your charitable goals and gain regular financial support at no cost. A summary of the benefits for your charity: Regular dependable income Zero cost donations, i.e. you don t have to market to find donations Exposure to employers and employees who are looking to support charitable causes Administration free, money transferred by BACS to your accounts Ability to communicate with employees who support your charity Page 3 of 6

4 How do employees choose a charity? Each employer may shortlist up to a maximum of three charities for their employees to select from. This shortlist is made from the charities registered with us and promoted by Pennies for Promise, and charities desired by the employer. By registering with Pennies for Promise we can help sell your message and cause to employers looking for charities to shortlist. From an organisational shortlist of up to three charities, each participating employee may select one charity to support. How can we promote our cause to employees who are looking to support a charity? We have a dedicated section of our website where you can write a short biography - up to a maximum of one hundred words and upload your logo. A hyperlink can be added to your logo, linking viewers to your website for further information about your cause. Additionally, we will promote your charity on your behalf to employers and employees joining Pennies for Promise. How much of the donated funds will you actually receive? Unlike other payroll giving schemes, we stand apart from the crowd by guaranteeing the 100% of donated funds go directly to charity. Our company, activpayroll, donates the administrative time and support to ensure that the scheme works, ensuring that 100% of the donations to go directly to nominated charities. Page 4 of 6

5 Can employees give more? Pennies for Promise is designed to collect the remaining pennies from an employees net pay each month, so that they don t really notice a reduction in their pay. Making a regular donation affordable for all. However, if they wish to, they can choose to donate more. Some people choose to donate 5, 10, 20 etc a month. If an employee would like to donate more they can indicate so when they register for the scheme. Can you claim Gift Aid? Yes, providing the donor is a UK taxpayer you can claim gift aid on donations, boosting your funds by up to 25%. We have a process in place to distribute and collate gift aid forms on your behalf, making it simple. We ll just hand the completed forms to you for your records. Can Pennies for Promise distribute advertorial content on your behalf to our participating employees? Due to the vast amount of requests we get from charities around the world, we are unable to forward your communications to registered employees. You are however, given addresses of employees who have specifically indicated that they wish to be contacted during their registration process, allowing you to communicate directly yourself. What do we require of you? A six monthly receipt of donations that we can pass on to each employer A six monthly report (Approx 100 words) of what the funds have been used for The ability to use your logo on our website PenniesforPromise.com to promote your cause Page 5 of 6

6 Where did the Pennies for Promise concept come from? To celebrate it s 10 th Birthday, activpayroll - a leading global payroll and taxation specialist - wanted to help support the communities that in operates within. After a lot of brainstorming, activpayrolls employees came up with a simple, yet innovative idea that we named Pennies for Promise. We realised that we could put our in-house skills and experience to better use then anyone else to create the most effective and efficient payroll giving scheme available. As a company, activpayroll donates the resources - time, people, finance and office resources - to manage and administrate Pennies for Promise, removing any burden from employers and uniquely, unlike other payroll giving schemes, ensuring that 100% of donated funds go directly charity. We are committed to running Pennies for Promise, in parallel to our business, providing employers, employees and charities around the world with an amazing solution, helping everyone make a difference. Get in touch: We welcome expressions of interest from charities to register for support from Pennies for Promise. To find out more about us, or how you can participate in Pennies for Promise please contact us at info@penniesforpromise.com or visit Page 6 of 6