It's almost June, and many of you will already know that June is Workplace Giving Month in Australia.
AVCAL is once again proud to work alongside one of our two Philanthropy Partners, The Australian Charities Fund (ACF), to promote the important role that our industry can play in workplace giving.
Workplace giving is a joint financial relationship between employers, employees and charities where individuals contribute a small portion of their pre-tax salary to charity. There are several benefits of participating in a workplace giving program, including:
- Employers will foster proven increases in staff engagement, retention, productivity, reputation and social impact.
- Employees donate in a smarter, tax-effective way and build a sense of pride in the broader community-focused role played by their employer.
- Charities have access to a regular flow of funding that does not cost a lot to administer, while benefiting from building strong long-term affinities with their supporters.
ACF has set itself an ambitious - but achievable - target of reaching one million donors contributing through workplace giving by 2020. It is estimated that one million workplace giving donors will lead to an additional $250 million each year being contributed to support a broad range of charities delivering vital support to those in our community that need help the most.
You can play a role by ensuring that your organisation has a workplace giving program in place, and that the extended reach of our industry through to portfolio companies backed by private equity and venture capital firms as well as limited partners, have programs in place as well.
The private equity and venture capital industry directly employs about 250,000 people across the majority of its portfolio companies in Australia. If we work together across our industry, we can help ACF get much closer to reaching their target of one million donors by 2020.
A number of AVCAL members and PE/VC portfolio companies are already involved with the program. Find out why the award-winning team at leading retailer - JB Hi-Fi are champions of workplace giving in Australia.
Watch the video: Making a difference through workplace giving at JB Hi-Fi
Contact ACF to find out more about how easy it is to implement a workplace giving program.