Matching gifts and workplace campaigns
The National Psoriasis Foundation partners with many companies in their workplace giving campaigns and are especially grateful to employers who support their employees' philanthropy by matching gifts.
If you host a United Way campaign or similar workplace campaign that allows employees to designate payroll deductions to any charity, please let us know how we can provide your employees with information on the work of our organization. If you conduct special workplace campaigns for selected charities, the Psoriasis Foundation would love to partner with you on designing a campaign to fight psoriatic disease.
Along with matching gifts made during your workplace campaign, you might consider matching employees' gifts through our Walk to Cure Psoriasis events. Many employers will also encourage their employees to get involved by matching their volunteer hours with monetary donations.
Another great way to help your whole team contribute is allowing employees to convert their Paid Time Off (PTO) into Foundation donations. Even those without cash to spare or time to volunteer can get involved and you may find added business advantages to reducing the PTO on your books.
Some things to consider as you craft your PTO donation policy:
- If you have a "use it or lose it" policy, would you consider allowing employees to contribute that PTO at their "lose it" date?
- Will you limit the amount of PTO each employee can contribute and/or will you require them to retain a certain amount in reserve?
- Will the company designate the organization(s) an employee can support through their PTO or can the employee choose for themselves (as long as it fits within the 501(c)(3) guidelines)?
- What are the financial, tax, legal and reporting implications for you and for your employees when adding a PTO donation policy to your existing PTO policy?
From what we've seen at most companies, the PTO belongs to the employee and, when cashed out for donation, payroll taxes, etc., must be taken and the value reported as income for the employee. The cash donation to the nonprofit then technically comes from and is tax deductible for the employee.
Consult your own HR and Tax experts, as policies and laws may vary.
To speak with a Foundation representative about workplace giving, contact:
Bill Cardamon, Chief Field Services Officer
1.800.723.9166, ext 405
Catie Coman, Vice President, Marketing and Communications
1.800.723.9166, ext 367