Claiming back charitable donations is easy
MEDIA RELEASE – For immediate release
7th April 2017
Claiming back charitable donations is easy with One Percent Collective
Any New Zealander who donates more than $5 to a registered charity is able to claim one third of it back from IRD if they have a taxable income and have a donation receipt.
One Percent Collective founder Pat Shepherd stated, “Our ethos is to make donating to good causes as easy as possible. A big part of this is ensuring that our members have an easy process to claim back a third on their charitable donations.”
One Percent Collective members can share one regular donation between up to 11 of their partner charities. They then receive one annual donation receipt at the end of the financial year.
Shepherd added “This makes things a lot easier when it comes to claiming back on those donations.”
IRD states that there is currently $200m owed to charitable Kiwis. They also estimate that roughly half of that will likely end up unclaimed.
“We will be sending out donation receipts to our members within the next seven days, and encouraging them to claim their rebate back!” says Shepherd.
• The Collective currently has over 300 members.
• Over the last financial year, their donations total over $190,000
• The portion of that that can be claimed back by members is over $60,000
One of the key principles of the One Percent Collective is to provide a transparent donation experience and create an inclusive feeling for members of the Collective.
100% of member’s donations reach their chosen charities and they receive monthly stories and updates on the impact their donations have.
Neil O’Styke, Executive Director of The Neonatal Trust, was happy to sing the praises of the One Percent Collective. “The One Percent Collective is a wonderful model and it’s a privilege to be one of their accredited Partner Charities.”
The Neonatal Trust is one of One Percent Collective’s partner charities. They support those families with sick or premature babies. With one in ten babies born premature in New Zealand, they are a familiar name for many.
Those wanting to learn more and/or support can do so by visiting www.onepercentcollective.org
• IRD states that up to $200m could be claimed back by those who donate.
• One Percent Collective’s 300 members themselves are eligible to claim back over $60,000
• 100% of members donations reach their chosen charities