New figures released by APGO show marked increase in funds to charity through Payroll Giving
The Association of Payroll Giving Organisations (APGO) which represents the key players in the Payroll Giving sector releases figures today that show during the ‘lockdown’ quarter (Financial Q1 2020- 2021, April to June 2020) Payroll Giving donations rose by 9.8% or £2.9 million compared to the same quarter last year (2019-2020).
In addition, employers have responded generously by increasing the amount they match employee Payroll Giving donations by £150,000 to £1.8m, an increase of 9.2% compared to the previous year.
Other areas of interest include a 14.9% increase in the average monthly gift during this period as those currently giving increased their donation via Payroll Giving.
And there has been a surge in large one-off donations from both senior corporate executives and pooled employee giving directed to frontline Covid19 charities. Payroll Giving remains the only way for a 40% or 45% taxpayer to pass over all their tax on a charitable donation at this current time.
Panikos Efthimiou, Chair of the APGO, said
“In these ‘catastrophic’ times companies and their employees see Payroll Giving as a means of getting donations in a quick, tax-effective manner to the charity sector desperate for additional funds, and also to those charities fighting Covid19 on the frontline. The reliable regularity of monthly payroll giving funds contributes to mitigating the loss from other fundraising streams which have had to pause due to the crisis. Thank you again for your ongoing support.”