IoF looks to boost payroll donation rates

Posted in News on the April 16th, 2009

The Institute of Fundraising (IoF) has unveiled steps intended to boost levels of payroll donations.

In an action plan released by the organisation, common service standards for all payroll giving agencies is set to be introduced, while the statutory framework within which such organisations operate will be reviewed.

Furthermore, the institute will attempt to gain a commitment from the third sector to make payroll giving a priority, as part of moves to encourage those working for charities, donors and employers to take up the scheme.

Pointing out that the plan follows the culmination of a review into payroll giving, Lee Grant, tax-effective giving project manager for the IoF, states: "We have systematically examined the mechanism, exploring its key drivers and barriers and have now identified actions to overcome the challenges presented by payroll giving in its current form."

He adds that payroll giving is an especially effective form of donating, particularly during the economic downturn, those looking to improve sustainable efficiencies may be interested to hear.

Earlier this week, the IoF announced it is to offer guidance to charities on how to make best use of claiming back tax on donations via Gift Aid.

More about sustainable efficiencies.ADNFCR-1923-ID-19123984-ADNFCR

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