Payroll giving + investment fund = win win win
Coupling IRD’s Payroll Giving scheme with a philanthropic investment fund has been a ‘win win win’ for a Waikato engineering firm, its employees and the social service providers they’ve supported.
Longveld started up its fund in 2019 at Momentum Waikato, their local community foundation, and ever since has dollar-for-dollar matched their team’s donations towards it.
Payroll Giving takes the agreed donations out of pay packets in the same manner as income tax or student loan repayments, with the tax on the donation being able to be claimed back at tax return time.
Once a year the team votes on where to grant a portion of the fund’s income, which Managing Director Pam Roa describes as “a fun process”.
“Our payroll giving and funding vote brings together our support team and our trade crew for a common purpose unrelated to work,” says Pam.
Longveld fabricated Ngaa Pou Karohirohi (pictured) on Hamilton’s city river jetty, a project led by artist Eugene Kara, Ngaati Korokii Kahukura, in collaboration with local hapuu representatives.
The Neighbourhood’s Brainiest: Can YOU Solve Today’s Riddle?
You see a boat filled with people.
It has not sunk, but when you look again you don’t see a single person on the boat.
Why?
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Ryman’s Walk in Wednesdays
Ryman villages across the country are open every Wednesday in November.
Experience the Ryman lifestyle and learn about our living options, tour our showhomes and discover the wonderful amenities on offer.
Click to find out more information.
This week's prize winners!
Congrats to the winners of the $100 Grocery vouchers:
Lynette Baker from Palmerston North
Maurice Higgs from Nelson
Rafael Laverde from Miramar
Janet Atkinson from Masterton
If you're a winner, get in touch here before 26th November.
Not a winner this week? There's always next week!
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