Giving through your payroll or workplace is a simple, convenient and tax effective way to donate. Your tax benefits are immediate, and committing to regular donations reduces our fundraising costs and helps us to plan ahead.
If just 10% of working Australians made a regular employee donation of $5 each week their contributions would amount to $260 million each year. Clearly there is significant potential for new cancer research advancements with an increase in Workplace Giving support.
The GI Cancer Institute funds clinical trials research that run across Australia and allows us to offer access to trials, as well as recognise medical research excellence, in every Australian state. Running trials in Australia provides patients with faster access to treatment options, which would not otherwise be available. That said, we do collaborate with international partners to leverage knowledge and improve patient outcomes.
Here’s how it works;
- Workplace giving allows you to donate money to one or more charities via pre-tax payroll deductions (salary sacrifice) or after-tax pay.
- The GI Cancer Institute has the necessary Deductible Gift Recipient (DGR) status, approved by the Australian Taxation Office (ATO) to receive your tax deductible donations.
- Many employers choose to match their employees’ donations, or to make one-off donations to selected charities, to show support for their employees.
- The ATO permits employers to calculate tax on an employee’s pay net of workplace giving donations. This means you , as the employee, receive an immediate tax refund.
- All Australian payroll systems can facilitate Workplace Giving donations, so starting should be as simple as nominating the GI Cancer Institute as your charity of choice to your payroll department. They may also have a Workplace Giving form for you to complete and return to them.