Giving Compass' Take:
- Alana Rendell presents the benefits of payroll giving for senior business leaders, providing insights into how to effectively implement it in your organization.
- How can senior business leaders best lead by example when it comes to payroll giving?
- Learn more about best practices in philanthropy.
- Search our Guide to Good for nonprofits in your area.
What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
Senior business leaders have the means and influence to make a significant positive impact on society. Whether you choose to invest in the communities where you live and work or support charitable causes that resonate with you personally, your contributions can drive meaningful change. Whatever motivates you to give, it is essential to find impactful and efficient methods to maximise your efforts.
Based on our discussions with senior business leaders from organisations across the UK, these are five reasons why they find payroll giving an impactful and efficient method to support charitable causes.
1. As a Senior Business Leader, Lead by Example
When business leaders give through their payroll, they can extend their influence beyond the value of their donations. It is a powerful step you can take to give back yourself, and if you choose to share your giving journey you will inspire colleagues and others outside your organisation to do what they can too.
2. Support the Causes You Care About
CAF’s payroll giving scheme, Give As You Earn (GAYE), enables you to donate to any charitable organisation in the UK as a senior business leader. In line with HMRC rules, this includes not just registered charities, but also schools, universities, community groups, religious organisations and more.
With access to over 160,000 verified UK organisations, you can give to the causes that you care about as a senior business leader. Also, if your chosen charitable cause is not already verified by CAF, we can help you to complete the due diligence required to support it.
“Being able to support your community or chosen charity is a privilege. The GAYE scheme is fabulous as it allows you to budget your contributions and distribute on your own timescale with the added tax incentive benefiting all concerned. I encourage everyone who contributes to charity, no matter how little, to do it through payroll giving – it just makes sense.”
Read the full article about payroll giving for business leaders by Alana Rendell at Charities Aid Foundation.