Encouraging employees to take up payroll giving
The Royal Bank of Scotland (RBS) Group is committed to
supporting giving by its employees. It has always encouraged staff
to take part in volunteering and fundraising and has shown its
support in the form of both time and charitable donations.
RBS proved its commitment to charitable giving by signing up to
our Give As You Earn scheme when payroll giving was first
introduced in 1987. Since then, it has been at the heart of the RBS
Group’s community investment programme. In 2001, RBS became the
first organisation to double match employee donations. This means
that RBS gives £2 for every £1 donated by a member of staff.
14,000 RBS staff are currently participating in Give As You
Earn, generating around £700,000 every month for 3,200 charities
across the UK. In addition, many staff take part in fundraising and
volunteering activities with community organisations and good
causes which RBS recognises through its Community Cashback
Awards.
Alan Richardson, Group Community Investment Manager, said: “We
chose CAF because it had both the experience and the scale to deal
with the size of the RBS payroll giving scheme. It is important
that a strong relationship exists on an operational level between
CAF and RBS – this means that the best service can be given to
donors.
“Payroll giving is a simple and highly tax-effective way for
individuals to donate to charities on a regular basis. Where
matching or double matching is offered, it can also be an excellent
way of determining where organisations direct their community
investment budgets, with individual employees selecting the
charities that are most important to them. From a charity’s
perspective, payroll giving provides a much needed, unrestricted
and regular income.”