Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Telecom Foundation Reaches $2m Payroll Giving Milestone

19 March 2014

Telecom Foundation Reaches $2 Million Payroll Giving Milestone

The Telecom Foundation is today celebrating a momentous milestone in its payroll giving and matching programme, reaching $2 million dollars donated to schools, charities and community groups, making the programme one of the most significant payroll giving initiatives in New Zealand.

Payroll giving was introduced in New Zealand in 2010 and enables employees to make donations to organisations such as schools and charities through their employer’s payroll system and receive an immediate tax credit of 33% of their donation.

Since July 2011, the Telecom Foundation has been operating a universal payroll giving programme, offering employees the opportunity to donate a portion of their pay to any of the 26,000 IRD Donee status charities and state/state integrated schools in New Zealand. Telecom then matches the donations dollar for dollar (up to $1,000 for schools and $1,000 for charities). Since the programme launched, 35% of the Telecom workforce have participated in payroll giving.

The programme has been hugely successful and Sir Bob Harvey, Chair of the Telecom Foundation, says he is extremely proud of the way Telecom people have embraced the programme:

“I’ve always known our payroll giving programme was popular with Telecom people, I am absolutely over the moon to have reached the $2 million dollar milestone”.

“We strongly believe that the success of our payroll giving programme comes down to it being universal, we don’t want to tell our people who or what they should give to, it’s nice that they can choose from such a broad range of charities and schools to donate to” says Sir Bob. “Our big ambition is to be able to share what we’ve learnt about running a successful programme as well as the database we’ve built up with other like-minded New Zealand businesses.”

Telecom parents can pay their school donations through the programme and employees can support their favourite charities with one off or ongoing donations. Over the last few years, donations have been made to regional SPCA’s, children’s charities such as Child Cancer Foundation, Cholmondeley and KidsCan along with hundreds of school donations paid. These are just a few examples of how Telecom people have made the most of this great programme.

Telecom’s Anna Loughnan regularly donates through payroll giving and is a supporter of the programme:

“I signed up for payroll giving as soon as it was offered by Telecom. It seemed a convenient way of paying the hefty school ‘donation’ to my daughter’s school, as well as donating to my favourite charity, Oxfam. The added sweetener was the matching of donations up to $1000 by Telecom!” says Anna.

Hon Todd McClay MP, Revenue Minister, encourages businesses across New Zealand to think about payroll giving:

“I encourage all businesses to consider providing payroll giving to their employees as the more we can do to support the charitable and community sectors the more they can do to help those in need.”

“Since it was introduced by the National-led Government in January 2010 payroll giving has seen around $15 million donated to charities, schools and community organisations by generous New Zealanders. For people looking for a low-cost, simple and effective means of charitable giving there is plenty of choice available through payroll giving” says Minister McClay.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news